Mod003353 Business Environment Assessment Answer

Question:

TASK 1:

“Producers must create new products and services, and businesses must create profitable ways of delivering them (work processes and technologies) to the market place. In turn, some of the procured products and servicesmay themselves enable other businesses, governments and consumers to work and operate in a more effective and efficient manner. In this sense, creativity refers to the phenomenon whereby something new is createdwhich has some kind of value.”

1. Assess the impacts of innovation and technology and how it has affected the operations, sales, profits and growth of one of the following companies.

1. Cineworld PLC

2. Lloyds Bank PLC

3. Glencore PLC

4. Sophos PLC

2. Presentation, referencing and grammar

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

In addition to the recommended textbooks and the website of your chosen organisation, you are expected to read other textbooks and journals for your research.

TASK 2:

“Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure throughwhich the objectives of the company are set, and the means of achieving those objectives and monitoring performance are determined”  OECD (2004)

Corporate social responsibility (CSR) can be defined as where abusiness attempts to meet certain ethical, legal and commercialexpectations as set by society. As a business goal, corporate social responsibility has grown in importance over recent years. Using the same organisation as Task 1:

3. Evaluate the importance of Corporate Social Responsibility (CSR) for the organisation.

4. Apply Archie Carroll’s (1991) CSR model to analyse your chosen organisation.

5. Presentation, grammar and referencing

• Knowledge and understanding of corporate governance

• Abilities to appraise and recognise use of corporate governance 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

1. You must briefly discuss corporate governance, including the responsibilities of the Board of Directors to the stakeholders.

Explain the four areas that make up corporate social responsibility as identified by Archie Carroll. Apply this model to your chosen company. Please give relevant practical examples to demonstrate your understanding of this model.

In addition to the recommended textbook, you are expected to read other textbooks and journals for your research.

Further Details:

• This assignment must be completed individually as a management report, following the appropriate academic structure:

▪ Executive summary

▪ Table of Contents

▪ Introduction

▪ Main body

• This word limit does not include the executive summary, tables, diagrams, appendices or references.

• Assignment submissions will be made via Turnitin. Please ensure you have your user login and password well before the submission date.

• If you share your work or, parts of your work, with another student this is an academic offence (collusion) and will result in a fail grade.

• You must use Harvard Referencing (Citations in-text) to acknowledge your sources of information and provide a reference list (and bibliography where appropriate). Failure to do this is an academic offence and will result in a fail grade.

• Any bibliography provided must be included as an appendix.

• Marks will be awarded for the professionalism of the report.