Business Environment Report: Technology, Innovation, and Governance

This report delves into the significant impact of technological innovation on the business environment, particularly within the banking sector, using Lloyd Bank as a case study. It explores how technology influences sales, profit, and competitive advantages, emphasizing the importance of strategic planning and innovation in driving business success. The report further analyzes the role of corporate governance, highlighting its influence on decision-making, transparency, and accountability. It also examines corporate social responsibility, showcasing how businesses like Lloyd Bank integrate sustainable practices and address economic, social, and environmental challenges. The analysis covers ICT issues, financial technologies, and the challenges related to security and regulatory compliance. The report concludes by emphasizing the crucial link between innovation, governance, and corporate responsibility for fostering a thriving business environment.

Business Environment

Executive summary
Technological innovation has been turning out to be the one of the important and key
idea for development of fostering innovation. It is turning out to be important in order to have
proper understanding the knowledge and surrounding which is related to subject market matter to
innovation. The banks have the major discussion on various level of impacts of technology and
innovation which have effected the sales, profit and the growth the companies in gaining the
competitive advantage in market. The company tends to have the Valparaiso level of copulate
governance and the corporate social responsibility which is impacts the development of business.

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
TASK 1............................................................................................................................................3
TASK 2............................................................................................................................................5
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Technological innovation has been turning out to be the one of the important and key
idea for development of fostering innovation. It is turning out to be important in order to have
proper understanding the knowledge and surrounding which is related to subject market matter to
innovation. Technological innovation have compromising new products and processes and
significant technological changes of products and processes. Lloyal bank plc is the British retail
and the commercial banks which have the branches all over the England and Wales. The
company is being considered the one of big four clearings banks of world. In this repost there
will be discussion on various level of impacts of technology and innovation which have effected
the sales, profit and the growth the companies in gaining the competitive advantage in market.
On the further level, repost will have the analysis of importance of corporate governance along
with corporate social responsibility which is impacts development of business.
MAIN BODY
TASK 1
Technology has been identified as continuous evolving and the business are trendy to be
become more level and more independent on development of technology to have efficient
development of business. Banking sector has been identified as the one of the important sector
for development of an economy having the development in overall perspective. There is
continuous growth and development in banking sector in which technology is palsying an
important part as prosperity of business. Lloyal bank plc is the British retail and the commercial
banks which have the branches all over the England and Wales. The company is being
considered the one of big four clearings banks of world (Epure, and Lafuente, 2015. ). The quite
longer time there were the identification of traditional brick and mortar banks only had to worry
about making money and being profitable. All that is changing due to emerging technologies.
With the development of the technology the business in the banking sector have the learning to
come up with strategic development of plans which helps the bank to have the formulation of
strategic plans in order to gain the level of competitive advantage which is considered to be
beneficial. Nowadays the business has been termed as easier in making it more level of success
in driving the innovation along technological development. The technological innovation has
been identified as the backbone for development of business in order to have balancing the
human race more level of innovative for development. At last the technological innovation have

Forster development of business in ways of creating the various level of banking apps improved
data storage, faster processing and wider information distribution. Which makes the business
more level of efficient for further level of development.
Innovation has been considered as the important aspect for development of the economic growth
as it leads to have the major contribution in developing the higher level of productivity. In more
level of understanding in economic terms the description in developing the various level of
application and ideas which helps in providing high quality of banking services in order to make
there customer more satisfied and efficient development. There is the establishment of effective
relationship in terms of longer run between innovation and growth of per capita in the country.
The information technology has been considered as the business tools for the banking company
to have solving of various issues which can be garde up to the complex problem (Tapscott and
Tapscott, 2016). The banking is in banking industry economic establishment in business in
order to take the better decision as to get competitive advantage which is contributing in
economic development of company. Better decision makes the company to establishment of
better vision and mission achievement gaols and objection in order to provide maximum
stratification to customer. The development of invasion helps the Lloyd to have better ways of
marketing along with improvisation in the customer support. The company is bale to have
increase in level of far more accurate ways than traditional marketing of finding target audiences,
discovering their needs, and building a marketing campaign which have the resultants in
developing the several individuals to gain the advantage of market . On the other hand the
customer have be termed in maximum level of providence through the interaction with level of
multiple channels in telephone, email and other respective socialist platforms .With the
development of the technology the business in the banking sector have the learning to come up
with strategic development of plans which helps the bank to have the formulation of strategic
plans in order to gain the level of competitive advantage which is considered to be beneficial.
The development of the ICT helps in making the bank to have improvements of the services
which is been offered by banks to their respective customers (Mehrotra. and Yetman., 2015.).
This also helps in enhancing the banks to have empowerments in having proper level of business
process along with taking appropriate decision making in development of business
banks has been identified as the extensive user of both IT and financial level of technologies
which is have the major consideration over identifying the various elements which is helpful to

general audiences in understanding the effects of technological changes in bank Lloyd. The
banks have the helpful in banking in the process of financials engineering which helps the
company’s in order to have create new financial derivatives, credit risk and market risk models
employed to improve portfolio management, and modern credit scoring and discriminant
analysis used to evaluate credit applications. This have the reflection in primary effects take
banks which have the adoption of advance technologies have been having the major impacts in
positive ways such as the earning maximum level of profit along with having the internet
services. The company’s tens to have sampler level of innovation which is making the banks to
have in touch to keep the existing customers to be kept in touch by providing them maximum
level of better services and keeping them satisfied.
The next is that ICT is considered as the elements which is having the overall impacts in each
aspects of human endeavour. The development of the ICT helps in making the bank to have
improvements of the services which is been offered by banks to their respective customers
(.Molyneux and Wilson, 2017). This also helps in enhancing the banks to have empowerments in
having proper level of business process along with taking appropriate decision making in
development of business. the next is basically the challenges or financials issues is having the
consideration in order to have reductions in the level of security birches along with reduction in
cyber theft. This is needed to be done while increasing the business value of customer
relationships/ the next is to have about the proper level of achievement in compliance of
regulatory machines in order to have transformation of various door to business along with
digitals financials experiences. The leverages of Lloyd help in ensuring the level of competitive
advantages along with having the improvements un the different level of network performance in
developing the respective individuals’ balances. This includes visibility into potential network
and application problems that may result from new technology, and the ability to improve the
performance of the network
TASK 2
The governance is having the major implication of the level of disciple which is needed to be
kept in consideration which in general terms helps in proper decision making along with process
in proper implementation in companies which is having involvements in various sectors. The
better level of corporate governance helps in defining the process which is terms as more level of
accountable, transporters, responsiveness along with being equitable and inclusive, effective and

efficient, participatory and which is consensus oriented and which follows the rule of law (De
Haan and Vlahu, 2016). On the other hand, it can be stated that’s the company’s which is having
the proper level of governance in termed as the one which is having the proper level of discipline
which is also been identified as the major sphere in the life of company. The corporate
governance help the banks in order to have maintainer of discipline in order of having the level
of economic and social goals which is been considered to encourage the efficient use of
resources and equally to require accountability for the stewardship of those resources. Corporate
governance helps in identifying the various level of distinctive features such as transparency and
regulation with the posing having the hindrance in level of effectiveness in corporate governance
which is banking institution. On the other hand, the making the greater captivity un banking the
senses as it is very difficult to have diffusion debt (.Faleye and Krishnan, 2017.). The structure
helps in developing the identifying the various distribution shirts and responsibilities in
different participants in corporation. Corporate governance is necessary because of the
possibility of conflicts of interests between stakeholders, primarily between shareholders and
upper management or among shareholders. The better level of corporate governance helps in
defining the process which is terms as more level of accountable, transporters, responsiveness
along with being equitable and inclusive, effective and efficient, participatory and which is
consensus oriented and which follows the rule of law. This also helps in having the ascendance
in terms of mechanism in masking the business to be well equipped in major consideration of
the interest of conflicts have incentives to have the assurances in bailing the level of avoidance
sin the managerial boards of controls in making proper level f decision making in business
perspectives development. bank board composition and size are related to directors’ ability to
monitor and advise management, and that larger and not excessively independent boards might
prove more efficient in monitoring and advising functions, and create more value.
On next parts the corporate level of responsibility which is having the international business
along with having the self-realisation which is specifically aiming as the major contribution in
level of development to societal goals of a philanthropic, activist, or charitable nature or by
engage in or support volunteering or ethically-oriented practices ( John,, De Masi, and Paci,
2016.). The Lloyd business has been identified as the sustainable and responsible business
which is having the integrals level of approaches which is helping in development of the

responsibility in nature to have major reconditions of the economic, socials and the
enlightenments challenges which is being faced by company’s development and united kingdom.
In the recent years the company’s have major specification along with developing the plans so
that the company can be able to makes certain level of differences. The company is highlighting
the major level of six priority which is basing to have the supporting the major difference such as
the systematics development of housing an growth of business which is making the people to
have the privilege in protecting the future. This also helps in power level of enhancing the
enhancing digital capability, tackling social disadvantage and championing inclusion and
diversity (Aracil Fernández and Forcadell, 2018.). . The Lloyd business has been identified as
the sustainable and responsible business which is having the integrals level of approaches which
is helping in development of the responsibility in nature to have major reconditions of the
economic, socials and the enlightenments challenges which is being faced by company’s
development and united kingdom.. The better level of corporate governance helps in defining the
process which is terms as more level of accountable, transporters, responsiveness along with
being equitable and inclusive, effective and efficient, participatory and which is consensus
oriented and which follows the rule of law. The applications of the Carroll models in the proper
maintenance of the corpse level of responsibility is helping the business to have the
understanding the business perspective in order to have development in the business taking the
major level of consideration such as the economic responsibilities, the legal responsibilities, the
ethical responsibilities, the philanthropic responsibilities. The better level of corporate
governance helps in defining the process which is terms as more level of accountable,
transporters, responsiveness along with being equitable and inclusive, effective and efficient,
participatory and which is consensus oriented and which follows the rule of law. To have better
understanding here will be equal discussion in making the business more level of displayed as
the in term of economic responsibility is in terms of making the business to be considered more
profitable along with having major impaction in which helps the company to have benefit in the
society in longer term perspective of business (Krasodomska, 2015.). the next is about the legal
requirements which is considered as the tools which is vey necessary for company t have the
obeying the different rules and regulation such as the degree of commutations o making bussing
n the employment and heaths and safety completion. The applications of the Carroll models in
the proper maintenance of the corpse level of responsibility is helping the business to have the

understanding the business perspective in order to have development in the business taking the
major level of consideration. With next to that’s company is making the ethical responsivity
that’s the business should be level of responsible in order to have the casting more proper level o
morals and thecal implication which makes the responsibility for business which can be go
through the narrow level of global requirements of law. The lats one is ablution philanthropic
approach is considers as re responsibly od business to give back to the society to have the taken
in ways resources, the business in seeing the have the obeying the different rules and regulation
such as the degree of commutations o making bussing n the employment and heaths and safety
completion
CONCLUSION
Frm the above repost it can be concluded that the There is the establishment of effective
relationship in terms of longer run between innovation and growth of per capita in the country.
The information technology has been considered as the business tools for the banking company
to have solving of various issues which can be garde up to the complex problem
On the other hand the customer have be termed in maximum level of providence through the
interaction with level of multiple channels in telephone, email and other respective socialist
platforms (Mostafa and ElSahn, 2016) .The development of the ICT helps in making the bank to
have improvements of the services which is been offered by banks to their respective customers.
This also helps in enhancing the banks to have empowerments in having proper level of business
Corporate governance is necessary because of the possibility of conflicts of interests between
stakeholders, primarily between shareholders and upper management or among shareholders. as
the major contribution in level of development to societal goals of a philanthropic, activist, or
charitable nature or by engage in or support volunteering or ethically-oriented practices.

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