Impact of Innovation and Technology on Kainos Group

LO3- Enlist the financial and ICT issues for key business functions

LO4- Appraise and recognize the use of corporate governance and ethics in the context of the business.

TASK 1(1250 Words)

“Creativity is basically related to the use of imagination with the help of new ways of seeing things and may result in various solutions related to innovation to a problem or the initiation of a change. Technology is often used in the process of creativity and creating”.

• Analyze the impact of innovation and technology and how this has affected the sales, growth, and profit of one of the given companies.
• Royal Mail PLC
• Lloyds Bank PLC
• Kainos PLC
• Avast PLC
• Presentation, grammar, and referencing.
• Assessment Criteria
• Understanding and knowledge of technological innovation
• Analyze the relationship between innovation and economic development.
• Ability to appreciate the role of technological change in economic development.
• Identify the financial and ICT issues for the functions of business.

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TASK 2(1250 Words)

“Corporate governance includes a set of connections between the management of a company, its board of its shareholders, and other related shareholders. Corporate governance also helps in providing the structure through which the objectives of the company are mentioned, and the means of attaining the objectives and monitoring the overall performance and determined”.

Corporate social responsibility(CSR) can be defined as where a business attempts to meet certain ethical, legal, and commercial expectations as set by society. As a business goal, corporate social responsibility has improved the overall working of the company.

Take the organization chosen for Task 1:

• Evaluate the significance of Corporate Social Responsibility(CSR) for the organization.
• Use Archie Carroll’s(1991) CSR model for the company.
• Presentation, grammar, and referencing

Assessment Criteria

• Knowledge and understanding of corporate governance.
• Ability to appraise and recognize the use of corporate governance and ethics within a business.
• Analyze the importance of Corporate Social Responsibility(CSR).
• Give an understanding of a CSR model (Archie Carroll’s model) and its practice application.

Further details:

This assignment must be completed individually as a management report and the given academic structure for this report are:

• Executive summary
• Table of Contents
•  Introduction
• Main body
•  Conclusions
•  References list
• Assignments should be submitted via Turnitin. Please ensure you have your user login and password well before the submission date. If your work or part of your work, with another student, this is an academic offense and will lead to get low grades and may be a failure in the exam.

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