Impact of Digital Technology on the Growth of 3Com
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Added on 2020-06-03
Impact of Digital Technology on the Growth of 3Com
Added on 2020-06-03
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MANAGINGSUCCESSFULBUSINESS PROJECT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P 1 Project aims and objectives..................................................................................................1P 2 Project Management plan.....................................................................................................3P 3 Work-breakdown-structure and Gantt chart.........................................................................5TASK 2 ...........................................................................................................................................8P 4 Small-scale research..............................................................................................................8TASK 3..........................................................................................................................................10P 5 Analysation of research and data using appropriate tools..................................................10P 6 Recommendation................................................................................................................15TASK 4..........................................................................................................................................16P 7 Reflection ...........................................................................................................................16CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
INTRODUCTIONBusiness enterprises are gaining benefits from the advancement of digital technologynow a days. Companies can now share as well as store their important informations by takinghelp of modern technologies (Awais Ahmad Tipu and Manzoor Arain, 2011). In previous years,ventures are not able to attain their aims and objectives due to the less technical advancement.But in this modern era, almost all of the firms are taking aid of technical support in order toimprove their business functions like accounting, sales and marketing, human resourcemanagement, supplying or delivering and so on. With the assistance of digital technology,enterprises can manufacture and deliver their goods and services in most effectual manner. Thepresent report is based on the impact of digital technology on the growth of 3Com and itsinnovation. It is a small and medium sized company and known as digital electronicsmanufacturer. They are best known for its computer network goods. In this project, various aims,objectives and project plan has been eveluated for determing the infulnece of digital technologyon the 3Com and its functionalities. In addition to that martket research has been conducted forthis firm for evaluating that which factors are giving impact on its operations. TASK 1 P 1 Project aims and objectivesIn the present era, it is important for each and every ventures to formulate a proper andappropriate plan so that they can expand as well as develop their business operations in order togain maximum benefits. An effectual project consist of complete image of benefits attained byenterprise after accomplishing specific assignment as well as predict the future image orpositioning of an organisation at a market place. In fact, this prospect is viewed as one of theeminent part for every business due to their resource utilisation in a proper way. Thus, mainobjectives of the project is to achieve maximum return on their investment by full-filling therequirements of customers as well as workers (Bakker and et. al., 2011). Apart from this, forfighting with the tough competition due to emergence of large of competitors having theinnovative ideas , managers of the venture is going to work by including digital technologies inorder to produce their products in a definite time period. 3Com corporation is also adoptingadvanced digital technology for running its organisational activities in very effective manner and1
can also make best future decisions. So, it can be stated that digitalisation is giving impact onbusiness growth and innovation. Topic : Digital technology and its impact on organisational growthBack - ground of project :It is very essential for all the business corporations to modify or change their policies andstrategies as per the changes occurred in the environment of marketing. In this modern world,technology is one of the most eminent element of macro environment. It has bring many changesin the industrial business. In other words, it can be said that digital technology has changed ormodified the complete scenario of small as well as large scale ventures. By gaining support fromthis, marketing department can encourage and advertise various goods and services in veryeffectual manner (Basu, 2014). On the other hand, department of sales and accounting can keep the sensitive financial orcommercial records for a long period of time by offering them high security and safety. Humanresource department can also hire and select large number of workers via online recruitmentsystem. Production sector can manufacture goods or services effectively by taking help ofadvanced machineries and at very low operational costing. Therefore, this project report hasvarious aims and objectives that aids and guide 3Com in doing their business activities in propermanner. Aims : The major or primary aim of this project report is to determine effectiveness of digitaltechnologies in the context of cited organisation. In addition to that, it also evaluate the impact ofdigitalisation on the business operations and their growth. Apart from this, there are some otheraims of this project which is listed below :This report would give more focus on those areas of venture in the digital techniques cabbe improved and developed so that objectives and goals of firm can be attained.Influence of digital technology on the various activities of business like accounting,manufacturing, marketing, human resource management, sales, advertisement, etc. Objectives : 3Com is one the leading firm that deals with the manufacturing of digital electroniccomputer network devices or goods such as network interface controller and switches, IP voicesystem, routers, etc. This venture desires to produce best quality computer products at faster rateso that it can full-fill demands of their customers. Also, it wishes to recognise the impact of2
changes that would be occur due to the procedure of modification in the technology. The mainobjectives of this project report are described below :Evaluating the enforcement of digitalisation technology within their working locationTo determine the reason behind transforming various business activities To identify the impact of digitalisation on accounting and finance, productiondepartment, human resource department and marketing functionsTo analyse the maximisation in the profitabilityHence, these are very important aims and objectives of this project report that would behighlighted in this assignment. All the above listed objectives area associated with the digitaltechnology that aids 3Com in increasing their productivity and gaining high profitability. Most ofthe companies are taking support of technology as they wish to manufacture large quantity ofgoods in minimum interval of time. P 2 Project Management planBefore formulating any project-management plan, it is very essential to recognise therisks and several factors that can impact on the complete project. Otherwise, it cannot attain ittargeted aims and goals. By conducing research or making research management plan, researchercan identify all the risky areas that can adversely affect on his project. In simple words, it can besaid that management plan is a method that is used by the investigator in identifying variousforces that can impact on the project accomplishment. Some major aspects are discussed below :Project Scope : IT includes those areas which is covered in this project. This businessproject is based on the 3Com which is a digital electronics manufacturer and famous forits computer network goods. It is an electronic products manufacturing venture so in thisreport, importance of digital technology and its future impact in this context has beenidentified. In this project, all possible ways has been described that may aid venture inmaking their goods easily in minimum time period and achieving organisationalobjectives and goals (Geraldi and Lechter, 2012). As, this corporation wishes to provideits goods and services to large number of audiences which helps them in gaining itsfinancial profits as well as market share. Cost Control : With the help of this procedure, firm can reduce their additional orunwanted costing. Previously, this company is doing paper work but now with the3
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