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Identification of Impact of Digital Technology on Business Activities

   

Added on  2020-07-22

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MANAGING ASUCCESSFUL BUSINESS
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Table of ContentsTopic: - “Identification of impact of digital technology on business activities”.............................3INTRODUCTION...........................................................................................................................3Project Plan .....................................................................................................................................4Project Definition...................................................................................................................41.1 Problem Statement............................................................................................................41.2 Project Strategy................................................................................................................41.3 Project Objectives...........................................................................................................141.4 Project Scope Statement.................................................................................................141.5 Success Criteria..............................................................................................................151.6 Project Assumptions.......................................................................................................162.0 IMPLEMENTATION PLAN..................................................................................................16Work Breakdown Structure..................................................................................................16Gantt Chart...........................................................................................................................173.0 Project Processes......................................................................................................................18Communication Plan......................................................................................................................18CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20
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Topic: - “Identification of impact of digital technology on business activities”.INTRODUCTIONIn this present scenario, technology has played a very important role in improving anybusiness. This has assisted most of the company in manufacturing best quality of goods andservices to its clients (Baiden and Price, 2011). Therefore, to sustain in the market for a longerperiod of time firms are utilising latest tools and technologies and as a result an increase in salesand productivity can be seen. Earlier the machineries used to be very simple but now withadvanced features technology has become more complex and complicates because of whichworkers sometimes find it difficult to operate. Wristband is one of the small industries that dealin manufacturing customised wristbands. Although it is not so popular but as the organisation isoptimising latest technologies it is assisting them in obtaining the set goals and targets underspecific period of time. This report will throw light on aims and objectives of the selectedorganisation so that project management plan can be made. Therefore, research methods that willbe used while conducting this research will be included in this assignment. Other than this thetools and technologies that are optimised for accomplishing the researches is mentioned in thisassignment.
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Project Plan Project plan is important part for the each and every organisation to identify the projectduration in order to implement all activities in an effective and efficient manner. Therefore, it isnecessary that with the change in course of time organisation uses latest technologies for havingan appropriate growth in business operations. Wristband is using modern machineries as a resultthey are able to deliver best quality products to its consumer right on time. Further, the companyis using modern marketing trends so as to increase their performance in sales and productivityrather than implementing the old one.Project DefinitionDeveloping new technologies, along with the changes in existing ones provides advantage to an organization and enables them in giving excellent good and services to its customers (Chang, Walters and Wills, 2013). Along with enhancing the GDP of a country, thesesmall organisations are providing job opportunities to maximum number of people. Thus, for giving appropriate services Wristband is giving best training activities so that employees can improve existing skills and knowledge in order handle their clients in an effective manner. 1.1 Problem StatementTherefore, it will assist them in having a better relation with customers; as a result a better position in the market can be obtained. For example: Wristband, for communicating with their employees is using appropriate technologies so that they can convey their message to workers in order to get best outcomes. 1.2 Project StrategyThis is helping the organisation in maintain a strong mutual understanding between employees and subordinates. Apart from this, new tools and technologies are aiding the organisation in maintaining a record which they can easily access in just one click. It is providingsecurity to its data as compared to earlier times and nobody can misuse them.By implementing innovative and new ideas Wristband is influencing the minds of people and as a result they are attracting more and more customers towards their organisation. Therefore, Wristband is taking feedbacks and reviews form a number of individual so as to make products according to the choices and preferences of people. Thus, company is giving excellent services and facilities in return. For example: as per the current scenario, individual has become more conscious about
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health henceforth, Wristband company with the help of digital technology has incorporated certain features form which people can analysis what is going inside the body. Apart from this, topromote their brands the organisation is using various kinds of methods through which they can conduct promotional activities like giving advertisements in social media, internet, newspapers, magazines and many more. Furthermore, to interacting with their customers company have madea separate department where all the queries of customers are solved (Eweje, Turner and Müller, 2012). Business need to determine the better and effective aspects of investigation as well as study so that better and definite outcome could be drawn. Study needs an appropriate and suitable consideration of project so that business could be performing their working in better and supportive manner (Research Methodology, 2017). Thus, it is a duty of manager to utilise the data which enable and facilitate them to identify the best and considerable outcome in nature. The Wristband Company determines two best kinds of data which facilitate them in performing appropriate and ethical study in consideration: Primary dataSecondary dataSuch methods are helpful in analysing the aspects properly as well as define the things in effective and appropriate manner. Primary data reflect about raw material in nature which do not have link with any kind of previous information. Secondary data is based on existing informationwhich enable and support in analysing previous aspects and consideration. The Wristband Company could go with this option so that they could maintain better and effective outcome for manufacturing and go digitalise (Navimipour and Soltani, 2016). Wristband will going to opt primary method of study, which enable them in analysing response of clients while selling customise bands through digital technology: QUESTIONNAIREName:Age:Gender:Q1. Is this factor will bring a revolution in wristband industry?
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a) Yesb) NoQ2. Does this section made Wristband differ from others?a) Agreeb) DisagreeQ3. Will this factor contribute in overall success of a company?a) Agreeb) Neutralc) DisagreeQ4. Does this digitalisation will provide competitive edge to business?a) Positive b) Negativec) NeutralQ5. Does Wristband company really needs growth and development at this point in theirbusiness?a) Yesb) NoQ6. Wil they going to opt cloud computing for storing data at one place?a) Yesb) NoQ7. Will this bring new customers for a company?a) Long termb) Short term Q8. Will it be earn same amount of profit s they use to earn in its online business?a) Yesb) NoQ9. Will this consideration used to enhance the cost of product and services?a) Agreeb) DisagreeQ10. Any suggestions for implementing digitalisation in a better way?Theme 1: Factor will bring revolutionQ1. Is this factor will bring a revolution inwristband industry?FrequencyYes 20No 10
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