This project investigates the challenges of integrating emerging technology within the retail sector, focusing on Marks and Spencer as a case study. It analyzes the concept of technology integration, identifies factors involved, assesses challenges, and recommends solutions to overcome these obstacles.
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RESEARCH PROJECT
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Table of Contents 1. INTRODUCTION.......................................................................................................................1 Title: To identify challenges of integrating emerging technology within retail sector business – A Case Study on Marks and Spencer.......................................................................................1 Background of study...................................................................................................................1 Rationale of study.......................................................................................................................1 Aims and objectives....................................................................................................................1 2. LITERATURE REVIEW............................................................................................................2 3. METHODOLOGY......................................................................................................................5 4. TIMELINE...................................................................................................................................6 REFERENCES................................................................................................................................8
1. INTRODUCTION Title: To identify challenges of integrating emerging technology within retail sector business – A Case Study on Marks and Spencer. Background of study In order to integrate digital technology in retail sector, there are several challenges occurs due to changes in trends. Increasing latest technology in the business assists to grow outcomes and results in creative manner. Therefore, it helps to practically implement it into stores to improve customer experiences. In the retail community, it can be understanding that future activities and goals are considered with commerce activities (Pantano, Priporas and Iazzolino, 2017). Entire retail experience considers with online and offline both kind of stores. As results, across the different channels, supermarket consider products and services to attract them at workplace. Furthermore, retailer business need to focus on more technological consideration to understand deeply and attain more significant outcomes as well. Goals are also driving sales and reduce operational risk so that it integrates critical operational risk which exist in the business. Integration of digital technological activities create internal process which make real benefits to develop target market. Rationale of study In Marks and Spencer, digital technology creates several benefits to focus on innovations and effectiveness. In this consideration, challenges could be identifying that create negative impact on results. With the help of innovative and creative characteristics in the chosen business, staff members and manager perform their duties and tasks in significant manner. It helps to concentrate on creative performances in the business (Orel and Kara, 2014). Therefore, present research consider focus on identify issues and problem that face by business and create negative impact on results. Hence, present report assists to consider way through retail industry able to grow their operations in systematic manner. Aims and objectives Aim: “To identify the challenges associated with the integration of emerging technology in retail sector businesses – A Case Study on Marks and Spencer.” Objectives To evaluate the concept of integrating emerging technologies in retail sector enterprise. 1
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ď‚·To identify the factors involved in the integration of emerging technology in Marks and Spencer. ď‚·To assess the challenging issues related to the integration of emerging technology in Marks and Spencer.ď‚·To recommend ways to cope up the problems arising in the integration of emerging technology. Research questions ď‚·What is the notion of integrating emerging technologies? ď‚·What are the factors included in the integration of emerging technology in Marks and Spencer? ď‚·How challenging it is for Marks and Spencer to integrate the emerging technologies in its business? 2. LITERATURE REVIEW In respect to understand importance of emerging technology in retail sector, it is important to focus on desired results. In this way, different authors views need to implement that assist to understand previous research consideration. Theme 1 Concept of integrating emerging technology in retail sector As per the view of Ju and Sohn, (2015), emerging technology consider some importance to focus on attain desire goals and objectives. New technologies help to business to consider relevant and engage online learning activities. It is important to identify its effectiveness that assists to develop more systematic work program in business. In this way, staff training is one of the major challenge in front of retail sector. This is because, manager of the enterprise need to provide systematic and relevant focus to increase their skills and efficiency in systematic manner. As results, it considers major challenge in front of the business. Furthermore, Pantano, Priporas and Iazzolino, (2017) stated that emerging technology requires more investment. Hence, retail sector need to arrange amount which impact negative on their operations and functions. Developing framework assists to evaluate potential affordance with technological activities. In this way, evaluation requires educational settings that assists to focus on variety of creativeness that help to maintain more significant advantages in Marks and Spencer. Along with this, Jones and Sampath, (2015) argued that managing business changes major issue and challenge to retail sector business. This is because, as per new operations and 2
functions, they need to cope up with effective results. Therefore, dynamic business environment assists to consider disruptive impact which require proper support to attain systematic work performances. Growing emerging consideration help to focus on new business model. It creates impact on employees because they are getting fewer wages with implementation of emerging technology. It is essential to minimise employment right and health and safety in environmental protections. Beside this, Orel and Kara, (2014) explored their ideas that education and training program need to involve that assists to fulfil industry demands. With the help of professional development, it can be stated that creative and critical skills must be develop to prepare workforce changes. Universal teaching and computing improve that how people teach with innovative activities. Theme 2 Factors involved in the integration of emerging technology According to the point of Fernie and Sparks, (2014), emerging technology consider with different tools and techniques. In this regard, Facebook is main tool which increase customer base in the different areas of the world. Hence, staff members of Marks and Spencer assess customers’ needs and requirement through online marketing. With the help of Facebook, customer demand and requirements could be assessing easily. Hence, it is the best way to focus on emerging technology implementation. Furthermore, Piotrowicz and Cuthbertson, (2014) stated that Instagram also important tool that assists to implement emerging technology at workplace. In this way, effectiveness increasing with ascertain several advantages at workplace. This is because, company consider their images, videos, blog post, etc. regarding their products and services. As results, it assists to attain more significant advantages in the company to make creative results at workplace. On the basis of their tools, it can be stated that business able to communicate their message to each customer. Theme3Challengesfacedbytheretailbusinessestosuccessfullyintegrateemerging technology in business This section is to discourse upon the risks associated due to the adoption of emerging technologies. It is with a specific context of the retail based organisations who are required to adopt several digitalised measures to combat an intense state of competition in the market that duly affects the associated firms in terms of performance. However, Gill, Bunker and Seltsikas, (2015) has hereby stated a vital fact of combating with rising number of challenges in certainly accepting the newly adopted systems at work. This firstly involves the risk of internet of things 3
or IOT that often involves multiplied and abundant existence of linked sensors that has a risk of leaking the stored information regarding the firm as well as its customers. This often leads to cybercrimes that has a chance of spreading the bank details of the customers by creating a sense of fear in them to shop online. Riedl, Davis and Hevner, (2014) with a concerning outlook towards it have duly supported this point where such risky consequences in turn results into a big challenge for both the organisation and its customers. The consumers resultantly tend to show resistance from trusting the brand that in turn ruin the image of the brand, as well. It is therefore important for the retail based organisations to undertake effective measures for improving their online services by developing a trustworthy sense in their customers and avoid any chance of misconceptions. Wang, Sanchez Rodrigues and Evans, (2015) with a similar consent towards it have stated it to be a vital concern for the organisation where they are firstly required to convince their workers to make an effective use of the newly proposed technology with a sense of gratification. This will in turn encourage them to serve the customers in the best possible manner. In accordance to the views presented by Lazaris and Vrechopoulos, (2014), it has been found that the IT professionals are also facing several number of challenges to integrate the emerging system of IT onto the business. It is with a specific consideration of the retail business organisations in UK that are also required to adopt the emerging technologies as a way to meet up the changing market trends by together satisfying the reformed demands of the clients. () has hereby specified a greater role of the employees to manage the change in an effective manner. This requires a sense of collaboration in the employees to accept the change rather than struggling with it and prevent oneself to serve others in a desired manner. Although, there exists some genuine issues that are actually faced by the IT personnel’s to suitably impose the emerging technologies due to poor knowledge in them about the newer set of technology as stated by (Caillaud, Rose and Goepp, 2016). For which, it is required that the IT manager possess a solid understanding of the technologies that are needed to adapt by carrying out an authentic research to acknowledge the actual state of market. Tiwary, Williams and Kishore, (2015) with a likely agreement have stated a prime requisition of conducting thorough market research before adopting any newly emerged technology. This will help in fulfilling the exact requirements of the users without any wastage of resources. 4
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3. METHODOLOGY This demonstrates the most important aspect of this study where the researcher is required to adoptsomemostapplicablestrategiestoundertaketheinvestigation.Adoptingstrategic measures is apparent to deliver justified results with attainment of set aims and objectives (). It is in context to the present undertaken study that is carried to assess the challenges faced by the retail sector businesses in integrating the emerging technologies in the undertaken practices. For this, it is important to choose from the best possible methods that are in accordance to the nature and type of this study. Below are the methods that are selectively chosen by the investigator to conduct this research work. ď‚·Research philosophy-This is a foremost element that depicts the undertaken belief of the investigator towards the study (Riedl, Davis and Hevner, 2014). It is also dependent on the nature and type of the research work where the present study shows a subjective nature and hence meet the stipulations of interpretivism. ď‚·Research approach-This defines the overall scope of the study where the current investigation will be studied using inductive research approach. It is with a vital concern of extending the scope of the study by initiating it from specific to general context. ď‚·Data collection-Both measures of primary and secondary data collection will be adopted over here to carry out an in-depth as well as a comparative study (). This will also assist the investigator to get likely outcomes to easily achieve the research aims and objectives. The primary data will be collected through a survey consisting of a questionnaire that will be specially designed to interrogate the participant respondents. ď‚·Sampling-This section determines the use of tool for collecting a relevant set of data where in the present study, out of the 2 common methods namely random and purposive, a purposive approach has been selected. This is on considering the participants who will be involved in this study and will involve 20 IT personnel of Marks and Spencer. ď‚·Data analysis-This is to evaluate the acquired set of data with a valid tool analytical tool as applicable for this study (Panneerselvam, 2014). Considering this, it has been found that there are 2 common methods called qualitative and quantitative. Selection 5
of 1 suitable tool largely depends upon the type of the undertaken study where in accordance to the subjective nature of this research work, qualitative analysis is referred to be the most applicable method for it. ď‚·Ethical consideration-The researcher is together required to follow certain ethical considerations to avoid any immoral approach in the study. For this, it is important for the investigator to take a prior consent of the participants before involving them in the survey and interview them with a willing consent of each (Perner, Citerio and Joannidis, 2015). It is basically to ensure that none of the respondent is forcibly participating in the study. There together exists another concern of maintaining the confidentiality of the information obtained from them. This necessitates to record the data in a secured manner to maintain the privacy of the stored information. 4. TIMELINE ActivitiesWeek 1Week 2 Week 3 Week 4 Week 5 Week 6 Week 7Week 8 Week 9 Week 10 Week 11 Defining research proposal Defining background or rationale for study Literature review Deciding aimsand objectives Finalizing aimsand 6
objectives Devising the questionnai re Gathering data Examining the data Finding Recommen dationand further areas to be consider Final Submission 7
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REFERENCES Books and Journals Caillaud, E., Rose, B. and Goepp, V., 2016. Research methodology for systems engineering: some recommendations.IFAC-PapersOnLine,49(12), pp.1567-1572. Fernie, J. and Sparks, L., 2014.Logistics and retail management: emerging issues and new challenges in the retail supply chain. Kogan page publishers. Gill, A.Q., Bunker, D. and Seltsikas, P., 2015. Moving forward: emerging themes in financial servicestechnologies’adoption.CommunicationsoftheAssociationfor Information Systems. Jones, V.K. and Sampath, H., 2015. Emerging technologies for WLAN.IEEE Communications Magazine, 53(3), pp.141-149. Ju, Y. and Sohn, S.Y., 2015. Patent-based QFD framework development for identification of emerging technologies and related business models: A case of robot technology in Korea.Technological Forecasting and Social Change, 94, pp.44-64. Lazaris, C. and Vrechopoulos, A., 2014, June. From multi-channel to “omnichannel” retailing: review of the literature and calls for research. In2nd International Conference on Contemporary Marketing Issues,(ICCMI)(pp. 18-20). Orel, F.D. and Kara, A., 2014. Supermarket self-checkout service quality, customer satisfaction, and loyalty: Empirical evidence from an emerging market.Journal of Retailing and Consumer Services, 21(2), pp.118-129. Panneerselvam, R., 2014.Research methodology. PHI Learning Pvt. Ltd.. Pantano, E., Priporas, C.V. and Iazzolino, G., 2017. Does innovation-orientation lead to retail industry growth? Empirical evidence from patent analysis.Journal of Retailing and Consumer Services, 34, pp.88-94. Perner, A., Citerio, G and Joannidis, M., 2015. Year in review in Intensive Care Medicine 2014: II. ARDS, airway management, ventilation, adjuvants in sepsis, hepatic failure, symptoms assessment and management, palliative care and support for families, prognostication,organdonation,outcome,organisationandresearch methodology.Intensive care medicine,41(3), pp.389-401. 8
Piotrowicz, W.andCuthbertson,R., 2014.Introductionto the specialissue information technology in retail: Toward omnichannel retailing.International Journal of Electronic Commerce, 18(4), pp.5-16. Riedl, R., Davis, F.D. and Hevner, A.R., 2014. Towards a NeuroIS research methodology: intensifying the discussion on methods, tools, and measurement.Journal of the Association for Information Systems,15(10), p.I. Tiwary, A., Williams, I.D. and Kishore, V.V.N., 2015. Emerging perspectives on environmental burdenminimisationinitiativesfromanaerobicdigestiontechnologiesfor communityscalebiomassvalorisation.RenewableandSustainableEnergy Reviews,42, pp.883-901. Wang, Y., Sanchez Rodrigues, V. and Evans, L., 2015. The use of ICT in road freight transport for CO2 reduction–an exploratory study of UK’s grocery retail industry.The International Journal of Logistics Management,26(1), pp.2-29. 9