Assess the impacts of innovation and technology and how it has affected the sales, profits and growth of the company Kingfisher Plc

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)
“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).
A. Assess the impacts of innovation and technology and how it has affected the sales, profits and growth of the company Kingfisher Plc –
• 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
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.
“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).
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.
• 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.
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.
HARVARD referencing must be used!
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.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>