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Managing Successful Business Assignment

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Added on  2020-06-06

Managing Successful Business Assignment

   Added on 2020-06-06

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Managing aSuccessful Business
Managing Successful Business  Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Introduction...........................................................................................................................1P2. Project management plan......................................................................................................2TASK 2............................................................................................................................................5P4 Application of qualitative and quantitative research methods...............................................5TASK 3............................................................................................................................................8P5 Analyse data and research......................................................................................................8P6 Appropriate recommendations and valid conclusions.........................................................14TASK 4..........................................................................................................................................14P7 Value of undertake research to meet stated objectives........................................................14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
Managing Successful Business  Assignment_2
INTRODUCTIONToday's business environment is changing at a fast speed as large number of technologyinvention is taking place. This is one of the important term for expansion and growth of businessactivities (Eckerson, 2010). Digital technology changed the process of business a lot as now it iseasy for organisations to store large number of data at adequate place and easily assess it. Thereare number of new technology which can be used by companies to store and communicate data.This makes the process of business easy and effective. Rolex one of the well established brandwho want to expand its business activities online is taken under this report study. Aims andobjectives of the project and management of project activities with an effective plan is alldetailed under this report. Application of various research methods such as qualitative andquantitative and various recommendation through which firm can implement its activities easilyis all detailed in this report. TASK 1P1. IntroductionIn today's business environment, it is essential for every organisation to use advancedtechnology to fulfil the requirements of customers (Lai and Ong, 2010). This is increasing in themodern business market and traditional market segment is declining on continuous basis. Impactof this on business is very positive because this support the management to take appropriatedecisions. Cloud computing help businesses to transfer files easily within short duration of time.Further, this provides an opportunity to a business firm to easily communicate with large numberof customers with the help of social media. All these opportunities increase profitability of firmand make the business conditions better. For this, funds are required so that a business can easilyexpand its activities in an effective manner without any hurdle. Today, large number ofindividuals use the platform of social media which helps organisation to reach number ofcustomers easily (Crane and Matten, 2016). This provides lots of benefits to a businessorganisation which supports business operations and helps to bring coordination among variousdepartments. Also, it proves to be helpful for firm to work with integration and identifydeviations, if any. Digitalisation provides various benefits to a business organisation andsupports it to make and offer high quality services to its clients. Overall, its impact on business ishighly positive. 1
Managing Successful Business  Assignment_3
Research Title: How digital technology has transformed various business activities: operational,HR, accounting and marketing.Background of project: As new advancements are taking place in the present business world, so, it is essential forevery firm to change accordingly. In the same concern digital technology change the businessactivities rapidly. It helps in making the business activities more effective than before whichsupports organisation to offer high quality products and services to its customers for fulfillingtheir specific requirement (Smith, Binns and Tushman, 2010). Further, with the help ofdigitalisation, this decrease the chances of transfer data with the help of mails, which includehigh amount of risk. It provides the facility of cloud computing through which they canexchange data with security without interference of any third person. Data is collected fromdifferent users which improve the overall production. Further, it helps organisation to makeproducts as per the specific requirement of customers. Technology like mobile and social mediahelps in the process of connecting people on a large scale. This ensures appropriateness ofactivities executed by the firms (Lin and Chen, 2012). So, it is necessary for a business to setsome specific objectives and aim before beginning business operations for fulfilling therequirement of project and to get guidance during the process of business.Research Aim: Implementation of digital technology for transformation of business operations:Case study on Rolex. Research Objectives:To assess the effectiveness of digital technology on business activitiesTo identify implementation of digital technology on businessTo identify the need of business transformationResearch questions:How digital technology should implemented in commercial activities?How this technology is effective for business transformation?Why it is necessary to transform business operations?P2. Project management planExecution of business activities without project management is not possible and this isthe reason, it is essential to make and prepare a project management plan for executing alloperations of a project in an effective way. This ensures the success of project and provides2
Managing Successful Business  Assignment_4

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