Highlights
Task:
ASSESSMENT INTRODUCTION TASK 1
"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).
ASSESSMENT TASK 1:
A. Assess the impacts of innovation and technology and how it has affected the sales, profits and growth of one of the following companies. (45 marks)
1 Sp rent Communications (Plc) 2 Calisen Plc 3 Ryanair Pk 4 Kingfisher Plc 5 Vivo Energy Plc
B. Presentation, referencing and grammar (5 marks)
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