Impacts of Innovation and Technology

!!! IMPORTANT!!! PLEASE READ ALL THE INSTRUCTIONS !!! THE BELOW CHECKLIST IT’S VERY IMPORTANT TO CONSIDER! TASK ONE!!! Activity Completed Define Innovation (1-2 sentences)   Define Technology (1-2 sentences)   Provide five examples of the ways on which innovation and technology have contributed to the economic growth of a country (with supporting data)   Provide five examples of the ways in which businesses use new technology       Overview of the company (1-2 paragraphs)   Provide five examples of the ways in which the company is using innovation or new technology   Prepare a table that compares the revenue, profit and size of the company over the past three years   Discuss the ways in which the use of innovation or new technology has affected the revenue and profits of the company during the past three years   TASK TWO !!! Activity Define Corporate Governance (1-2 sentences)   Define Corporate Social Responsibility (1-2 sentences)   Outline de development of Corporate Governance from 1990 to date (Timeline or Summary)   Discuss five reasons why CSR is important for your company       Explain the four levels of Archie Carroll’s CSR Model (1 paragraph each)   Outline five ways in which the company fulfils their economic, legal, ethical and philanthropic responsibilities (5 points for each level)     ASSESSMENT INSTRUCTIONS This is a 2,500-word assessment and it consists of two tasks. You are required to write a report of 1250 words on each of the two tasks. Each task is 50% of the total marks for this module. Therefore, you must attempt both tasks. ASSESSMENT TASK 1: (1250 words)  ASSESSMENT INTRODUCTION TASK 1 “Technological advances have been at the heart of economic development. Automation includes artificial intelligence (AI) and robotics. It is because of these advances that productivity is increased, leading to economic growth. These benefits save money for owners. They can invest in technology, which involves capital outlay, but over the long term, they employ fewer people. Examples are the self-driving car and the algorithms that can answer customer service queries. But there are also new jobs being created by new technology. And the people hired are likely to be better skilled and making better salaries than those in the manual jobs that disappeared. Their work is also likely to involve greater responsibility. Hence, one of the basic messages of automation is that of changes in the nature of work. The new jobs require greater education and skills, and are likely to be both more satisfying and more rewarding (Morrison, 2020). ASSESSMENT TASK 1: A. Assess the impacts of innovation and technology and how it has affected the sales, profits and growth of one of the following companies. 1.    Vivo Energy Plc 2.    Kingfisher Plc ASSESSMENT CRITERIA Knowledge and understanding of technological innovation Understanding of the relationships between innovation and economic development. Abilities to appreciate the role of technological change in economic progress. Identify the financial and ICT issues for key business functions POINTS TO CONSIDER: 1. Demonstrate your understanding of innovation, and the role of technological change in economic progress. 2. A brief overview of your chosen company, and practical illustrations of how innovation has impacted the operations, sales and the profits of your chosen company. Reading List 1.    Morrison, J. (2017) The Global Business Environment, (4th edition), Palgrave. 2.    Needle, D. (2015) Business in Context, An Introduction to Business and Its Environment, (6th edition), Cengage Learning. 3.    Boddy. D. (2016) Management An Introduction, (7th edition), Pearson Press. 4.    Please visit the web site of your chosen company for its annual report and other necessary information. ASSESSMENT TASK 2: (1250 words) ASSESSMENT INTRODUCTION TASK 2: “The UK Corporate Governance Code (‘the Code’) is a set of principles of good corporate governance aimed at companies listed on the London Stock Exchange. The first version of the UK Code on Corporate Governance was produced in 1992 by the Cadbury Committee. The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management in order to deliver long-term success of the company. The code’s function should be to help boards discharge their duties in the best interests of their companies” (Cole and Kelly, 2015). “Corporate Social Responsibility (CSR) is a concept whereby organisations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and the environment in every aspect of their operations and decision-making; it is about good business citizenship” (Cole and Kelly, 2015). ASSESSMENT TASK 2: A. Evaluate the importance of Corporate Social Responsibility (CSR) for the same organisation of your choice in Task One above. B. Apply Archie Carroll’s (1991) CSR model to your chosen organisation. ASSESSMENT CRITERIA.  Knowledge and understanding of corporate governance. Abilities to appraise and recognise use of corporate governance and ethics within a business context. Understanding of the importance of Corporate Social Responsibility (CSR) Understanding of a CSR model (Archie Carroll’s model) and its practical applications. POINTS TO CONSIDER 1.    You must briefly discuss corporate governance, including the responsibilities of the Board of Directors to the stakeholders. 2.    Explain the four areas that make up corporate social responsibility as identified by (Carroll. 1991). Apply this model to your chosen company. Please give relevant practical examples to demonstrate your understanding of this model. This assignment must be completed individually as a management report, following the appropriate academic structure: o Executive summary o Table of Contents o Introduction o Main body o Conclusions o Reference list ·  The word limit for this assignment is 2500 words. This word limit does not include the executive summary, tables, diagrams, appendices or references.

Don't use plagiarized sources. Get Your Custom Essay on
Impacts of Innovation and Technology
From $8/Page
Order Essay
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 20% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Top Writers 4Me
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 10k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Good job! Thank you
Customer 452487, October 17th, 2021
Thank you for your help
Customer 452555, February 16th, 2022
Perfect! Appreciate all of your help! Thank you so much!
Customer 452483, November 14th, 2021
English 101
Customer 452547, March 22nd, 2022
Good job. Thank you
Customer 452487, September 16th, 2021
Good job!! Thank you!!!
Customer 452487, September 9th, 2021
I appreciate the help.
Customer 452567, March 18th, 2022
Appreciate all of your hard work! Thank you so much!!
Customer 452483, September 14th, 2021
PERFECT! Thanks a million, you're all awesome!!!!
Customer 452483, July 7th, 2021
Thank you so much!
Customer 452461, June 23rd, 2021
Introduction to Sociology
Amazing! Thank you so much for your hard work, appreciate it!!
Customer 452483, October 24th, 2021
Business and administrative studies
Great produce and on time!
Customer 452561, November 8th, 2022
Customer reviews in total
Current satisfaction rate
2 pages
Average paper length
Customers referred by a friend
20% OFF your first order
Use a coupon TOP20 and enjoy expert help with any task at the most affordable price.
Claim my 20% OFF Order in Chat