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Nishtha answered on
Nov 28 2021
BUSINESS ENVIRONMENT: COURSEWORK WRITTEN ASSIGNMENT
BUSINESS REPORT
Student ID:
Type Student ID here
Word count:
Type word count here
The word limit is 2500 words, not including the table of contents, tables, diagrams, reference list, and appendices.
Assignment deadline:
Tuesday 14th December 2021 at 14:00
Assignment:
011
Module:
MOD003353
Module Leader:
Josh Jimenez
Semeste
Trimester:
1
Academic year:
2021/2022
1.1. Executive Summary (250 words)
DELETE TEXT IN RED BEFORE SUBMISSION
An executive summary should summarise the contents of the report. It should not simply take the form of a general introduction. It is ideally compiled after you have completed your report. Present the major points in the same order they are written in the report. It should contain all essential elements of the main report, including findings, and one recommendation for both innovation and business ethics/corporate social responsibility.
Table of Contents
1.1. Executive Summary (250 words) 2
List of Figures 3
List of Tables 3
1.2. Assess the impact of innovation on modern business organisations (550 words) 4
1.3. Research, analysis, and application of innovation to [Insert your chosen company here] (450 words) 5
1.4. Assess the impact of business ethics and corporate social responsibility (CSR) on modern business organisations (550 words) 5
1.5. Research, analysis, and application of business ethics and corporate social responsibility to [Insert your chosen company here] (450 words) 6
1.6. Recommendations (250 words) 7
1.7. References 7
1.8. Appendix 7
List of Figures
List of Tables
Moneysupermarket
1.2. Assess the impact of innovation on modern business organisations (550 words)
In today's corporate atmosphere, modern organisations thrive and succeed for a variety of reasons. Some companies are renowned for their products, while others are known for their services, and yet others are known for less clearly defined characteristics like
and loyalty or captivating marketing campaigns.
Nevertheless, if you look at the firms that genuinely stand out today as obvious leaders in their industries, you will see that they all have one thing in common: they all value innovation. The world around us is always changing, and our business will likely need to change to changing these changing circumstances in order to be relevant and profitable (Bian, Liao, Wang and Tao 2021).
Technology has shown to be a driving force behind the need for change time and time again. Examine the following information to determine the magnitude of the recent impact:
As indicated by Needle and Burns (2019), in the previous several years, 94 percent of the world's data has been created.
Every minute, over 530 new websites are launched.
By 2020, there will be 8 billion gadgets connected to the Internet.
Organisational interaction with environmental aspects of innovation:
Company executives must be able to think imaginatively and incorporate innovation into their business models in order to generate business development, stay relevant in changing times, and separate themselves from the competition. This isn't to say that a propensity to innovate is the only requirement for success: leaders must also have a firm grasp on how to put that creativity into action.
Organisational aspects of innovation:
At its most basic level, innovation entails doing something different from everyone else in your industry. If your company uses innovation to develop or maintain its products, for example, the focus is to create or update the products until there are none else like it on the market. As indicated by Boddy (2019), If company is adopting innovation to improve its processes, it's it will save you time, cash, or other resources, as well as give you a competitive advantage over other businesses that are stuck in their systems. In either case, your company is taking the initiative to attempt something different since the status quo is not working.
Strategic aspects of innovation:
Having working experience on exciting, difficult, and creative projects is one method to do this, since it will expose you to the abilities needed to become an innovation driver inside your company. As explained by Mo
ison (2020), A master's degree in innovation is meant to help you refine these specific skill sets while also providing you with genuine, hands-on experiences that will help you become a successful inventor. Whereas the natural success that this offers can be enough for many businesses, it would be a mistake to neglect another important benefit: innovation allows a company to separate itself and its products from the competitors, which can be especially useful in a crowded area of business .
1.3. Research, analysis, and application of innovation to Moneysupermarket (450 words)
Moneysupermarket.com Group PLC, through its names MoneySuperMarket, provides online services. Money, Insurance, Tourism, Home Care, and MoneySavingExpert.com are the company's segments. User can visit for and compare items in the Money area, which includes credit cards, funds, housing, loans, financial solutions, bank deposits, and finance and...