Managing a Successful Business Project

This document discusses the impact of digital technology on small business growth and innovation. It includes project aims and objectives, a project management plan, small-scale research, data analysis, and recommendations.

MANAGING A SUCCESSFUL BUSINESS PROJECT
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Table of Contents
Introduction......................................................................................................................................3
Task 1...............................................................................................................................................3
Devise project aims and objectives for Impact of digital technology supporting small business
growth and innovation (P1)..........................................................................................................3
Project management plan with covering the cost, scope, time, quality, communication, risk and
resources for this chosen project (P2)..........................................................................................4
Gantt chart to provide timeframes and stages for completion for the chosen project (P3)..........5
Task 2...............................................................................................................................................6
Small-scale research by applying qualitative and quantitative research methods based on the
project aims and objectives for the chosen scenario (P4)............................................................6
Task 3.............................................................................................................................................10
Analyses research and data using appropriate tools and techniques for the chosen project (P5)
....................................................................................................................................................10
Recommendations based on the research and data analysis (P6)..............................................11
Task 4.............................................................................................................................................11
Reflect on the value of undertaking the research to meet stated objectives and own learning
and performance (P7).................................................................................................................11
Conclusion.....................................................................................................................................12
Reference list.................................................................................................................................13
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Introduction
The use of digital technology support in different organization whether it is small-scale industry
or large-scale industry is beneficial for the company and has various impact on the companies.
The use of digital technology influences the overall production of the company. In this report
there will be detailed discussion provided on the various research methodology that is to be used
in order to identify the different aspects of using digital technology support in the company. The
report will also give a detailed writing on the project aim and objective and the ways to manage
the project so that then use of digital technology support in the company will be effective.
Task 1
[Project aims, objectives and timeframes (LO1)]
Devise project aims and objectives for Impact of digital technology supporting small
business growth and innovation (P1)
Aim
The main of the company is to identify the different impact of digital technology support in the
company. The company Blue Ocean Aquaria will be using digital technology in its business
strategy, as it will help the company to increase the overall productivity of the company. Due to
advancement in the technology that is available in the market, the company aims in using digital
technology so the there is more effectiveness in the working procedure of the company. The
company also aims to expand the business in a wider context with the help of the use of advance
technology more importantly digital technology (Mazzei et al, 2016).
Objectives
The main objectives that are to be followed by the company in order to effectively use digital
technology support in the company Ocean Blue Aquaria has been given below.
1. Analyzing the different aspects of digital technology support that can be used in the
company in order to identify the effects that can be caused in the company by the use of
digital technology in the business (Jones et al, 2014)
2. Developing a proper research on the digital technology support that is to be used in the
company. This is to be done in order to identify the different strategies that can be
applied in the company to impose the use of digital technology in the company.
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3. The company should conduct a market research that will help the company to identify the
various aspects of the marketing strategies. This is to be done in order to include the
market strategies in the marketing department so that a proper marketing of the products
provided by the company can be done. This is essential in because the use of digital
technology support in the company will be affecting the different strategies of the
company (Autio et al, 2014).
4. Developing strategies that will be used in order to implement the digital technology
support in the company. The use of appropriate strategies is essential, as it will influence
the overall use of the digital technology support in the company. This can create a huge
impact on the productivity of the company. Therefore, it is essential for the company to
develop strategies that will be benefitting the company (Donnelly et al, 2015).
5. Developing the operational technology, the financial budgeting and the other
requirements is to be done by the company, in order to integrate the digital technology
support in the company. This is done so that the digital technology support can be easily
used in the company and its operations can be easily conducted.
6. The final objective of the company is to implement the various strategies, operations and
other aspects that have been identified to be implemented in the company. Once the
implementation of the company is done, there will be the final reviewing of the use of the
digital technology support in the company (Schwalbe, 2015).
Project management plan with covering the cost, scope, time, quality, communication, risk
and resources for this chosen project (P2)
A proper project management plan is to be developed in order to include the use of digital
technology in the company (Kerzner, 2013). The project management plan includes various
aspects like the financial budgeting of the project that is to be newly applied in the company.
Financial statement includes the cost of the raw materials. These raw materials can be the
computer systems, the technical support, employee recruitment, management of the employees,
inclusion of the new workplace or floor where the work of digital technology support will be
conducted and the other different aspects that are important to be included in the company for the
effective use of digital technology in the company. The project management plan for the digital
technology inclusion in the company will also involve the development of the timeframe that
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will be required in order to implement the digital technology (Crawford, 2014). The project
management plan includes the risk assessment of the project as various risks can evolve during
the conduction of the project. It is important for the project management plan to include a
p[roper maintenance of the quality of the product that is going to be developed after the project is
executed in the company. It also involves the planning of the management of the resources of the
project (Kendrick, 2015).
Gantt chart to provide timeframes and stages for completion for the chosen project (P3)
Activities Week 1 Week 2 Week 3 Week 4 Week 5
Analysis of
the use of
digital
technology
support
Conducting
research and
developing
strategies
Operation
development
and its use
Implementing
the strategies
and
operations
and reviewing
the use of
digital
technology
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support
Task 2
[Small- scale research, information gathering and data collection, generating knowledge to
support the project (LO2)]:
Small-scale research by applying qualitative and quantitative research methods based on
the project aims and objectives for the chosen scenario (P4)
The aim of this project is to analyze the effect of the digital technologies over the operating
agendas of small-scale business industry.
Qualitative Research: The qualitative research will show the favourable and encouraging
aspects of technological inclusion in the working system of the small-scale organizations.
Interview of the manager of the Blue Ocean Aquaria will be conducted to know the results of the
digital technological innovation in the overall system of the particular company.
The interview questionnaire will portray about the growth and the performance of the company
after making the digital inclusion in the operating system.
Interview of the managers of the Blue Ocean Aquaria
Name of the company: Blue ocean Aquaria
Interviewee: XYZ
Designation: HR Manager
Q.1- How much the sales records enhanced in
comparison to its past years sells record?
The sales of the Blue ocean Aquaria (BOA) have
been increased drastically.
Q.2- Is the performance of the employee is
improved after abiding the analogue/ manual
operating system.
Name of the company: Blue ocean
Aquaria
Interviewee: XYZ
Designation: Production Manager
Q.1- How much the sales records
enhanced in comparison to the past years
record?
The Sales of the BOA is improved in
comparison with the past years sales
records after getting diffuse with the digital
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The staffs were trained in the analogy or manual
system because of our skilled trainer they easily
get cope with that advanced technology which
foster the performance of this establishment.
Q.3- How much the performance of the entire
establishment is booming after make the digital
technological inclusion in the operating system?
The means of communication is totally changes
after bring the technology in the system. The
establishments is drastically boomed after make
this innovation.
Q.4- In what perspective growth is apparent in
your organization.
The growth is apparent in the area selling,
marketing strategies, production and
manufacturing unit. The entire environment get
the scope to busting up the level of their
performance after the staffs are get diffuses with
the updated technologies.
Q.5- How much the digital technology impact
the selling?
The selling is increased as because the technique
of communication and the process of recruiting
process of the potential staff become very easy
in this digital phase.
Q.6- How the entire work system is improved,
state it as your opinion as the HR manager?
As a Human resource manager of the BOA, i
will emphasize on those factors such as
recruitment process, easiness in record keeping
technologies.
Q.2- Is the performance of the employee is
improved after abiding the analogue
operating system.
it pays back this establishments with
numerous positive attributes, like it
improves the skills of the employee and
foster the growth of the establishment.
Q.3- How much the performance of the
entire establishment is booming after make
the digital technological inclusion in the
operating system?
The working efficiency of the staffs
enriched with modern way of
communication, which brings the
technological advancements and help BOA
to gain the competitive advantage.
Q.4- In what perspective growth is
apparent in your organization.
The field of production and manufacturing
unite, proficiency level of the existing staffs,
customer response time and fruitfulness etc.
Q.5- How much the digital technology
impact the selling?
Selling is increasing drastically by the
BOA, which has the evidence in the selling
records of the BOA.
Q.6- How the entire work system is
improved, state it as your opinion as the
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of the staffs, in order to encourage the staffs by
giving reward to them will help any HR
manager to keep the performance records of the
employee.
Production manager?
It is quite apparent for both the internal
and external stakeholders that the overall
improvement of the organization happen
after the implementation of new digital
technology.
Quantitative research: Survey is an important tool to find out the effects the digital technology
that whether it is suitable to enhance the performance of any organization. It is important to
presents in the report as it directly reflects the opinion of the service users. In order to carry out
the survey a random sampling is chosen to do the quantitative analysis. The survey will be done
on the service user of total 20 person of the BOA.
Q.1- Are you existing customer of the BOA?
Optio
n
Percentage of response No of respondents Total number of response
YES 95% 19 20
NO 5 % 1 20
Q.2 Are you became benefited by the strategy to shift the working procedures from manual
to digital advancement.
Optio
n
Percentage of response No of respondents Total number of response
YES 90% 18 20
NO 10% 2 20
Q. 3 Can you communicate easily with the company by various digital platforms?
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Optio
n
Percentage of response No of respondents Total number of response
YES 100% 20 20
NO 0% 0 20
Q.4 Have you ever asked for giving your reviews after purchase any product or after
consume any service from BOA?
Optio
n
Percentage of response No of respondents Total number of response
YES 75% 15 20
NO 25% 5 20
Q. 5 are you agree with this concept: “Is digital technologies foster the growth of the small
scale industries?”
Optio
n
Percentage of response No of respondents Total number of response
YES 85% 17 20
NO 15% 3 20
Q. 6
Are you agreeing with this concept: “Digital technology always supports the business growth
and innovation?”
Option Percentage of response No of respondents Total number of response
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Agree 7% 35% 20
Strongly agree 11% 55% 20
Disagree 2% 10% 20
Strongly
disagree
0% 0 20
Task 3
[Project and communicate appropriate recommendations based on meaningful conclusions
drawn from the evidence findings and /or analysis (LO3)]
Analyses research and data using appropriate tools and techniques for the chosen project
(P5)
A management consultant's analysis based on the interview result:
After doing the interview it can be stated that the effect of the digital technological innovations
improves the selling and support the sustainable growth for this mid- sized organization.
Therefore as a management consultant, it can be sated that if any mall size organization
implements the technique of digital technology in their functional system then that will
benefitted with some positive and constructive outcomes.
Recommendations based on the research and data analysis (P6)
Survey result analysis and recommendation:
The survey results analysis depicting that the strategies to implements the digital technique
enhance the performance of the small-scale business industries. This result apparently opens
various kinds of opportunity to make the growth on their particular business field. As a
recommendation it can be stated that:
 Small scale trading firm can implements the digital technology in their communication
system
 They can uses the most updated technology in their system to accelerate the growth of
their organization
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Task 4
[Reflection of the value based on the conducted the project and its usefulness, which
support sustainable organizational performance for the chosen project LO4].
Reflect on the value of undertaking the research to meet stated objectives and own learning
and performance (P7)
The innovation and improvement of Digital Technology has eased the promotional processes that
are undertaken by the business organizations. As per my observation, small-scaled businesses,
which previously did not have the chance to promote their manufactured products, are now able
to gain attention and can promote products with ease. Furthermore, it has been especially
beneficial for the small-scaled business organizations since it has enabled them to promote the
products as well as penetrate the market and reach out to the maximum number of customers
simultaneously. Therefore, allowing these small-scaled business organizations to communicate
with the customer base effectively and sell their products easily.
The researches and studies that I have conducted reveals the fact that Digital Technology has
also been beneficial for the customers, since the customer base are also getting information
related to the products that they are going to buy in the future. Thus, allowing them to understand
more about the products and services before purchasing them. In addition to this, incorporating
strategies to promote products digitally via social media or via internet, it has also become easier
for the business organizations to monitor the tastes and preferences of the customers. By
monitoring the number of likes and shares that the products are receiving creates an idea about
the taste and preference of the customer base and then the companies can produce or improve
their products as per the customer's’ requirements.
The essential components of Digital Technology that I have identified are conducting business
online, presence in social media, interacting with the customers, providing online security, cloud
computing, digital marketing and soon. These elements of digital marketing are useful in every
stage of conducting business. It enhances security for the transactions of the customers over the
internet, allows the customer to choose which products they would like to buy and gives the
customers the required information about the products that they are buying. Furthermore, the
products that are available in the online shopping sites are offered to the customers at a
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discounted price and the customers can get access to choose a variety of products from all around
the world at one place.
Many reputed business organizations encourage their respective customers to share their views
and queries online and the help team of the business organization can resolve the customer's’
issues and queries online by digital chats. This not only helps the business organization to retain
the customers for the future, but also helps in understanding the customer’s demands and
expectations from the products that they have offered. According to my findings, the customer-
oriented nature of a company not only helps in retaining the customers but also help in attracting
potential customers to the business organization.
Conclusion
On completion of the researches and studies on the subject, the significance of Digital Marketing
has been identified from the discussions. The importance of managing customer tastes and
preferences is also identified and highlighted. From the above studies, it can be concluded that
for future of a business organization a company should incorporate strategies, which are based
on digital technology.
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Reference list
Autio, E., Kenney, M., Mustar, P., Siegel, D. and Wright, M., 2014. Entrepreneurial innovation:
The importance of context. Research Policy, 43(7), pp.1097-1108.
Crawford, J.K., 2014. Project management maturity model. CRC Press.
Donnelly, C., Simmons, G., Armstrong, G. and Fearne, A., 2015. Digital loyalty card ‘big
data’and small business marketing: Formal versus informal or complementary?. International
Small Business Journal, 33(4), pp.422-442.
Jones, P., Simmons, G., Packham, G., Beynon-Davies, P. and Pickernell, D., 2014. An
exploration of the attitudes and strategic responses of sole-proprietor micro-enterprises in
adopting information and communication technology. International Small Business
Journal, 32(3), pp.285-306.
Kendrick, T., 2015. Identifying and managing project risk: essential tools for failure-proofing
your project. AMACOM Div American Mgmt Assn.
Kerzner, H., 2013. Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
Mazzei, M.J., Flynn, C.B. and Haynie, J.J., 2016. Moving beyond initial success: Promoting
innovation in small businesses through high-performance work practices. Business
Horizons, 59(1), pp.51-60.
Schwalbe, K., 2015. Information technology project management. Cengage Learning.
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