(solved)Assignment Managing a Successful Business Project
Added on 2020-06-06
22 Pages4683 Words39 Views
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MANAGINGSUCCESFULBUSINESS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Aims and objectives...............................................................................................................1P2 Project management plan.......................................................................................................2P3 Work breakdown structure and Gantt chart...........................................................................4TASK 2............................................................................................................................................6P4 Small scale research for meeting projects objectives............................................................6TASK 3............................................................................................................................................7P5 Data analysis using appropriate tools or techniques..............................................................7P6 Recommendations................................................................................................................13TASK 4..........................................................................................................................................14P7 Reflection.............................................................................................................................14CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONDigitization plays a very eminent role in attainment of organizational goals because itsupports in accomplishing business activities in a minimum duration with the help of advancedequipments. 3Com is a small business enterprise whose main motive is to design variousmachinery for development of society and popularize for its electronic devices across nationalboundaries (Ahimbisibwe, Cavana and Daellenbach, 2015). Mainly it was founded in around1979 by Robert Metcalfe and still trying to come up with various innovative items for facilitatingvarious consumers. This assignment is mainly classified into various parts for explaining themethods of handling or managing a successful business project. Initially, it will the explain thetarget or motive of assignment in order to take further action accordingly. Along with thishighlight various factors which plays a major role in completing a project such as; cost, scope,finance, risk, resources etc. An effective research is going to conduct for accumulating necessaryinformation which is required for understanding requirement of change in a project. Furthermore,an appropriate suggestion also prescribed for getting aware about significance if digitaltechnology on growth of small business. TASK 1P1 Aims and objectivesTopic:- “Influence of digital technology on development of small business: A casestudy on 3COM”Small business is growing in a fastest way due to introduction of number of advancedtechnology because it helps in completing assigned task in a given time frame as well asencourage employees towards professional objectives. 3Com is a small business entity involvesin producing electronic items such as; design various attractive or unique style of computersystem as well as communication devices with high standardized network. Basically, main ofselected firm is to introduce various creative products consist of various facilities and aidscommon man while performing their day to day work (Bryman and Bell,2015). Digitization is aterm which signifies the emergence of various modern equipments during performing businessoperations and use while handling a large project in order to accomplish it in an appropriatemanner. Along with this, it supports in encouraging employees of referred enterprise byconducting various motivational programmes or sessions which resulted in development of1
overall company. Apart from this, digital technologies have a major influence of small businessgrowth due to its efficiency and effectiveness as it supports in every step by making work moreeasier. Thus major aim or objectives of an assignment is mentioned as follows:- Aims:- “To identify the influence of digital technology on development of smallbusiness: A case study on 3com”On the other hand major objective of this project is to “understand the role of advancedequipments on growth of small business entity in various way” . It means modern world is full ofinnovative equipments which is used by different firm while running their organization in orderto accomplish assigned task or activities in a minimum time frame. Thus, by considering allthese things number of questions are arises which is stated below:- Identify the advantages and disadvantages of modern technology?Determine the problems while implementing advanced equipments?Is it beneficial for growth of small business?Is there influence of digital technology on company turnover?What are the reasons behind implementation of digital technology?Is there any improvement in UK economy?Hence, it has been observed that number of questions are arises while understanding theimpact of advanced technology on growth of small firms because it plays a very crucial role inseeking attention of millions of consumers (Cavusgil and et. al.,2014). Generally, 3com isinvolving in designing various electronic products for making the world more modern byoffering them various innovative devices. P2 Project management plan3Com is not that much small because of their size or scope as it expanded in coming timeperiod in order to gain maximum benefits or advantages by introducing various innovativeproducts. Basically, they believes in facilitating customers with more or advanced devices fortransferring their information or data in most appropriate manner. Additionally, managerial teamof an association is trying to make an impressive project or successful project by consideringrelevant facts or figures. In fact it is not easy to handle a large business assignment due to lots ofcomplications and responsibility as well as requires expertise advice for implementing activities.Thus, various factors which must be considered while managing an organization report or projectis described as follows:- 2
Cost:- First and foremost thing which is required during business work is sufficientamount of capital because all the activities and success of a company is depend uponmoney. Thus, financial team of an enterprise is trying to arrange required cost in order torun an association in a most appropriate manner by considering relevant information.However, approximately assumption has been taken place before allocating capital forunderstanding the cost which is going to incurred while managing a successful businessproject (Coombs, 2015) . As a result, issues related with cost or expenses get resolved ina given time frame. Scope:- Basically, this part of project highlight the clear vision of an enterprise forattaining it in a defined duration. Along with this, it helps in directing employees towardstheir personal or professional goals by completing assigned task or job role. Mainly,scope of this project which is handled by managerial team of 3com is to encourageemployees towards usage of digital technology in order to develop overall society as wellas economy of a nation. Additionally, also trying to raise the living standard ofemployees and common people by introducing various modern technologies. Time:- Duration is essential for success of an organization because it guides overallenterprise towards completion of allotted work in defined time period by satisfying needsor customers. In fact, time is a major factor which have a greater impact on goodwill ofan enterprise because it shows the activeness of employees and overall organizationtowards delivering of products. For example; if goods or services are timely transferred tofinal user then it shows the attentive nature of company towards their job. As a resultselected firm get succeeded in gaining trust or loyalty of different customers and makeslong term relations (Cserhati and Szabo, 2014). Quality:- According to this factor, 3com needs to focus on their product standard forcapturing attention of millions of customers and able to satisfying their needs. Mainly,devices which is manufactured by 3com is of high tech quality with standardized rawmaterials in order to make durable products. Now-a-days most of the consumers areworried about their goods quality instead of money because they want to design items asper consumer demand with costly materials. Communication:- Interaction process is one of the essential method because it helps intransferring relevant information or data in most appropriate manner for clearing hidden3
issues. In fact, communication is a two way procedure which take place in 3com with thehelp of various advanced technology such as; telephone, cellphone, conferencing systemand so on. Thus, an organization is focussing on various devices which act as a major toolin transmitting necessary evidences from one staff member to another. For example; theywere trying to introduce large projects like implementation of 5g network across theborders for facilitating end users (De Visscher, 2016) . Risk:- Business is either small or large risk is definitely emerges because due toavailability of number of complex situation which requires suggestion from expertisepeople. Future is uncertain due to availability of number of competitors and fluctuation invarious micro or macro factors. Thus various types of risk which is faced by currentbusiness are; chances of conflicts, disputes between various partners, shareholders,fluctuation in market, occurrence of disaster and so on. Resources:- Assets are indispensable for success or development of an associationbecause without necessary resources business can't able to run in an appropriate manner.Thus, 3com is a very serious towards allocation of optimum resources because it plays amajor role in attaining objectives. For example; land or building, plant or machinery,human resource, capital, raw materials and various other things which is required byorganization to run their business operations in more efficient way. Hence, it has been observed that these above factors are indispensable for attaining setobjectives or goals in an appropriate manner by satisfying needs of a customers. P3 Work breakdown structure and Gantt chart3Com is an organization whose main motive is to produce various unique or creativeelectronic items by conducting various business activities in most appropriate way. In order toattain their organizational objectives in a minimum duration management team of selected firmmaking various appropriate plans or policies by considering taste or preferences of differentcustomers (Hornstein, 2015). Thus, to accomplish business activities in a defined timemanagerial department has distributed work within enterprise amongst entire staff members.Therefore, classification of job between employees or employers in order to complete it in aminimum duration is known as a work breakdown structure. Along with this it will assist thesubordinates towards their job role by directing them in a corrective way as per theirqualification or skills. 4
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