“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 services may 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 created which has some kind of value.” Kelly, P. & Ashwin, A. (2013)
1. Assess the impacts of innovation and technology and how it has affected the operations, sales, profits and growth of Sophos 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.
TASK 2: (1250 words )
“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 through which 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 a business attempts to meet certain ethical, legal and commercial expectations 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.
(20 marks)
4. Apply Archie Carroll’s (1991) CSR model to analyse your chosen organisation. (25 marks)
5. Presentation, grammar and referencing
▪ Executive summary
▪ Table of Contents
▪ Introduction
▪ Main body
▪ Conclusions
▪ References list
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