Implications of Digital Technologies on SME's - Case Study
Added on -2020-07-23
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DISSERTATION (The implications of digital technologies on SME’s – A Case Study onArtist Residence London)
Table of Contents a) RESEARCH TOPIC, STATEMENT, OBJECTIVES AND SIGNIFICANCE.................1 b. REVIEW OF LITERATURE.............................................................................................4 c) Research methodology.......................................................................................................7 REFERENCES................................................................................................................................9
a) RESEARCH TOPIC, STATEMENT, OBJECTIVES AND SIGNIFICANCE Background Digital technology plays an important role in the business. Therefore, it can be stated that small businesses are able to gain proper outcomes at workplace. It helps to focus on customers’ needs and requirements that assist to attain desired results in business environment. There are various elements exist that help to include budget, resources, etc. All these elements help to grow revenue and profitability to face challenges in the market (Dadwal and Hassan, 2015). All small businesses require focus on new trends that help to develop on proper trends and business results to accomplish desired results. Changes in customer preferences ascertained with innovation and make sustainable business for growth and opportunities. Digital technology ascertained their functions and operations to identify market trends and run accordingly. Changing customer behaviour with technology and competition transformed their operations in a systematic manner. As a result, it is essential to focus on improvement to build scalable results in enterprise (Tan, Ji and Tseng, 2017). Company overview Artist Residence Londonof UK is a small sector enterprise which considers operations and functions to develop significant advantages (Artist Residence London,2018). With the help of implementation of digital technology,Artist Residence Londonis able to maintain their high standards and increase significant advantages. One of the best value towards chosen business is digital technology implementation. They create the best value in area at its central location which make an ideal base for exploring capital (Hua, Morosan and DeFranco, 2015). There are several famous attraction and landmarks in London that assist to attain desired results at the workplace. Rationale of the study In order to conduct research study, it can be stated that digital technology implementation assists to focus and maintain effective growth in business. With the help of implementation of this element,Artist Residence Londoncan ascertain their significant advantages to focus on new functions and operations. As a result, it is also beneficial to maintain more revenue, customer attraction, etc. (Lee, 2016) Along with this, digital technology also provides online consideration at workplace to maintain the standard and comfort services at workplace to deal with valuable guests. It assists to express the reviews towards enterprise at social media tools. a)Research aims, objectives and questions 1
Aim: The implications of digital technologies on SME’s – A Case Study onArtist Residence London Objectives To understand the implications of digital technology To evaluate the functions and operations of SME To find out the ways to implement digital technology inArtist Residence LondonTo recommendthe ways to improve digitaltechnology implementationin chosen business Research questions What do you understand by the implications of digital technology? What are the functions and operations of SME? What are the ways to implement digital technology inArtist Residence London? Whataretherecommendationsyouwillprovidetoimprovedigitaltechnology implementation in the chosen business? Analysis and framework In order to analysis framework of present study, it can be stated that digital technology implementation assists to focus on improving brand image of enterprise. As per the study, it can be stated that value and loyalty will be increases that provides effective services that influence people (Lee, Sun and Lee, 2016). Digital technology helps to increase the customer services and revenues in a systematic manner. In order to create value, it can be stated thatArtist Residence Londonmust improve their attraction towards maximum number of customers. In the present study, digital technology implementation has been considered to deliver services to many customers in a systematic manner. Significance of the study In the present study, it can be stated that there are different advantages to consider digital technology.Withthehelpofdigitaltechnologyimplementation,researcherhasseveral advantageswhichassisttofocusandmaintaininformationtofulfilaimandobjectives (Kasemsap, 2017). Following significance could be implemented at the workplace with digital technology:Implement new tools and techniques in business:In respect to implement digital technology, it can be stated thatArtist Residence Londoncope up with new tools and 2
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