Implement Digital Technology in Quint Group : Report
Added on 2020-07-22
25 Pages5759 Words27 Views
Managing a SuccessfulBusiness Project
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Aims and objectives of this study.....................................................................................1P2 Project management Plan..................................................................................................3P3 Work breakdown structure and Gantt chart......................................................................5TASK 2............................................................................................................................................7P4 Use of quantitative and qualitative techniques for collection of information...................7TASK 3............................................................................................................................................9P5 Research Analysis.............................................................................................................9P6 Recommendations ..........................................................................................................19TASK 4..........................................................................................................................................20P7 Self- reflection of the work undertaken...........................................................................20CONCLUSION ...........................................................................................................................21REFERENCES..............................................................................................................................22
INTRODUCTIONCrucial role is played by the technologies within operations of business. Technologies arebeing adopted by companies within their process and thus this provide them help in competingwithin market and bring sustainability for longer period of time. There are certain forms ofdigital technology which are being used within this research is social media, cloud technology .(Ahmed Dine Rabeh, Jimenez-Jimenez and Martínez-Costa, 2013). Various kinds of benefits canbe availed, like enhancement in productivity and transparency within the operations which arebeing conducted. The Company taken for this report is Quint group, who caters services withinfinance domain. it was established in 2009 which is based in Macclesfield, UK. This businesssupport organisations in order to planning and developing digital strategy in an effective andefficient manner. Main aim and motive of this company is to apply digitalisation by satisfyingneeds and demands of customers. They gives online consumer credit services. Main purpose ofthis report is to implement digital technology with aim to reducing cost and times. Number offactors which will be highlighted in this report are aims and objectives of the study along withplanning and development of plan which in turn mainly encompasses of technologicaladvancement in aspect of company. Lastly, vital information will gathered and interpreted. TASK 1P1 Aims and objectives of this studyIt is highly essential for matching steps with the environment in order to prolong theoperations of the company. There is continuous revolution along by bringing new technologyalong with dynamics which are mainly developed on regular basis in order to operate theenvironment which has become crucial for process to adopt the latest trends along withtechnology so that actual needs and wants can be fulfilled in better and effective manner. Digitaltechnology has become crucial part of business. It is being ensured by the technology w that theoperations are being carried out in better and effective manner. Various kinds of technologies arebeing innovated within the market and company avails it depending on the suitability of business(Chesbrough, 2010). Technology helps company to have better competition within the marketand thus produce the outcomes which are being expected. The selection of digitalisation helps ingiving financially savvy measures of advancing and showcasing of items. The information ofprospects is put away and imparted with the goal that administrations can be extended. An1
improvement of innovation experiences different bits of knowledge which brings about a resultswhich furnishes with better answer for issues and procedures of business. The private venturecan be profited through this in various ways. It can enable a venture being developed of a cost tostructure which is lower than the current one. Another advantage which can be is digitaltechnologies in business tasks and perfect data stockpiling. Quint group is an association whichhelps in executing change through planning techniques which help in enhancing their particularactivities. It helps in figuring a guides which helps in smooth progressing of business activities(Crane and Matten, 2016). The association is presently anticipating build up a versatileprogramming which will enable prospects to effectively deal with their exercises and tasksthrough their handsets.Topic: Impact of digital technology to support the growth of small businesses with the help ofinnovationBackground of the Project:It is highly essential for the business to evaluate external market along with makingmodifications for its survival. Dynamic nature of the market affects the business operations inslow and profound manner. It is highly essential for the business to determine the areas wherethere is the scope of evolution so that necessary modifications can be brought out. In order todetermine the sector it is highly essential for conducting the market research for catering thepromised services. There are various kind of outcomes of the research which are being addressedby the company in better and effective manner (Den Hertog, Van der Aa and De Jong, 2010).There are number of advantages for company, for example speed and time of delivering theservices can be improved By help of research, company can get knowledge of aims and objectives along with theneeds and thus they needs to be fulfilled in better and effective manner. There are variousoutcomes of the research and among them most essential one is customers who faces issues inproper handling of the services. Thus they seek out for services that are favourable andappropriate.Company has find a solution after hearing the issues and thus they developed amobile application which can be accessed in easy way and thus provide the functionality onregular basis (Smith, Binns and Tushman, 2010). Through investment in digital technologiesthey can increase the satisfaction level of all users. Thus it gives distinct and unique experienceto all people and hence they can maintain brand loyalty in firm. 2
Purpose: “To measure the effect of digital technology in order to infuse innovation and growthfor a small business enterprise- A case study on Quint Group Ltd” Goals: identifying the influence of digital methods on small companies.Measuring value of development of organization.Determining the interrelationship of recent and digital tools with development ofcompany.Recommendation of ways by which a business can adopt digital technologies Research Questions: How does digital technology affect the business? What is the need for growth and development in an organisation?What is the relationship between technology and growth of small business?What are the various methods by which business can include digitalisation in businessprocesses? P2 Project management PlanProject can be stated as a concept which is being taken by the company to create thevalue for something. The project management mainly aims for managing the proceeding inproject such as the targets which are mainly applied in order to complete the project. Many otheractivities are also included in the project management for establishing blueprint which can beconsidered while considering the activities. It is highly essential to carry out those activities insystematic and better way as they are the documented set of activities. There are various kinds ofinputs which are being considered form stakeholders while giving structure to the plan(Eckerson, 2010). This is the duty of manager to make sure that activities are conductedin betterand effective way. Various kinds of factors are considered while doing any project. For example scope,cost, time, quality, communication, etc.. It is highly essential for the project managers to giveimportance to all the factors discussed below:Cost: Cost can be stated as amount which is being paid by the company for launching outthe services within market. Either tasks can be outsourced or team can be formulated fordeveloping mobile application. Choosing any of them will be needing high amount of fund(Gebauer, Edvardsson and Bjurko, 2010). This way company has mainly owned goodwill within3
the market so that funds can be arranged. Cost of the project is more high, it is role of managerto set appropriate price of the projects. It is the systematic process of recognising the individualcomponents that comprise the entire cost of package, good and services. There were about 97pounds which were being spent upon this research conduction. Time: Time which is being allotted by the management for completing the project andthus launch the mobile application to the users. It is highly essential for creating the timeboundary as it helps in attaining the targets and thus motivate the employees for doing the same.Time is about one year which can be taken for bringing digital technology within the nerves ofbusiness process. Every kind of activity which is being given for certain amount which needs tobe completed for avoiding delay. Scope: This kind of factor is defined as the set of activities which are being undertakenfor completing out the project. This in turn helps out in determining the tasks which needs to becarried out within tenure allocated. Planning, controlling and closing are the major processes tobe carried out.Risk in the Project: This can be defined as the uncertainty which is attached with project.There are various kinds of risk factor attached to the project of adopting digital technologywithin the process and operations. For example , lower response from the clients across the areaof business after bringing digitalisation as there are some who believes in traditional method(Incelli, 2013). Digital technology has been helping out in sticking out to smartphones for longperiod. Communication Involved: Crucial role is being played by this factor as it provides thetool for managers to convey the strategies along with goals which needs to be considered for thisprocess. There are various kind of employees who are mainly working on the project in order toprovide motivational element. Mainly oral communication was being done to have the crucialdata and thus conduct the research. Quality control: It is highly essential for each and every kind of company to provide rightquality of product and services to the people. It has to be made sure by the quint company tomaintain the quality of services which they are providing as this can affect the goodwill (Jonesand Lubinski, 2012). P3 Work breakdown structure and Gantt chartWork Breakdown structure4
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