Technological Innovation Essay: Navigating the Path to Excellence
Answered
Task
Writing your assignment:
- This assignment must be completed individually.
- You must use the Harvard referencing system.
- Your work must indicate the number of words you have used. Written assignments must not exceed the specified maximum number of words. When a written assignment is marked, the excessive use of words beyond the word limit is reflected in the academic judgement of the piece of work which results in a lower mark being awarded for the piece of work (regulation 6.74).
- Assignment submissions are to be made anonymously. Do not write your name anywhere on your work.
- Write your student ID number at the top of every page.
- Where the assignment comprises more than one task, all tasks must be submitted in a single document.
Assessment Instructions
This is a 2,500-word (+/- 10%) 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 assignment
Therefore, you must attempt both tasks.
Task 1: (1250 words)
“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 one of the following companies. (45 marks)
a. Cineworld PLC
b. Lloyds Bank PLC
c. Glencore PLC
d. Sophos PLC
2. Presentation, referencing and grammar (5 marks)
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:
- Demonstrate your understanding of innovation, and the role of technological change in economic progress.
- 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