Impact of Digital Technology on Business Activity : Report
Added on 2020-07-22
19 Pages4446 Words233 Views
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Managing Successful BusinessProject
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Table of ContentsTopic: - “Identification of impact of digital technology on business activities”.............................1INTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1Project Definition.........................................................................................................................1Problem Statement.......................................................................................................................1Project Strategy............................................................................................................................2Project Objectives........................................................................................................................2Performance, Cost, and Time Objectives.....................................................................................2Deliverables..................................................................................................................................3Project Scope Statement...............................................................................................................3Success Criteria............................................................................................................................4Project Assumptions.....................................................................................................................4Work Breakdown Structure..........................................................................................................4Project Processes..........................................................................................................................7Communication plan ...................................................................................................................8TASK 2............................................................................................................................................9P4 Conducting small scale research using research methods......................................................9TASK 3..........................................................................................................................................11P5 Data analysis and Interpretation............................................................................................11P6 Recommendations on findings..............................................................................................14TASK 4..........................................................................................................................................15P7 Reflection on research conducted.........................................................................................15CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
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Topic: - “Identification of impact of digital technology on business activities”.INTRODUCTIONDigital technology play a vital role in today’s business environment as it lead to growth inorganization system. It is directly lined with number of modifications that occur due to adaptionof digital technology in the system as it enable to form the transactions in effective and efficientmanner. These system is directly linked with developing small scale organizations to significantlevel so that they can grow and earn high outcomes in set time period of time. The companyincluded in this project is ZOCDOC, a medical care service company that delivers medical caresearch facility system at free of cost. Its headquarter is located in New York. Below discussedresearch report throws light on number of aims and objectives, a management plan, and actionprocedures in relation to impact of digital technology on small business. Apart from it, dataanalysis and interpretations are also made in accordance to the collected data.PART 1Project DefinitionEvery type of business organization system plays a vital role in the business environmentwhere they are operating. Introduction of digital technology have resulted into conduction ofbusiness operations and functions at speedy rate that lead to accomplishment of their final resultsin effective manner (Ahmed Dine Rabeh, Jimenez-Jimenez and Martínez-Costa, 2011). Ascompany have to operate in business environment which is dynamic in nature thus it is necessaryfor them to adopt all changes that are taking place in order to maintain their competitive edge. AsZOCDOC is a small scale organization delivering medical care facilities to people thus, adoptionof digital technology methods will aid the company to grow in innovative manner and createsustainable goodwill in minds of people. Problem StatementIt is very much important for the business to adopt new and innovative technology intotheir system in order to run all the business activities in conducive manner. Similarly, forZOCDOC it is necessary to adopt all advanced digital technology system in conducting itsbusiness activities so that final objectives and aims could be accomplished. For instance forrunning communication system in effective manner company can make use of social media and
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mobile technology that will allow them to connect with the customers and construct the strongrelationship with them. Project StrategyThere are number of aspects associated with it that include cloud technology that enableto perform administration function, artificial intelligence and big data analytic, the internet ofthings etc. These digital technology system assists in carrying out the work process in successfulmanner. Another benefit also include companies can easily promote through the technology. Aim: “To identify the impact of digital technology in conducting various business activity” - Acase study on ZOCDOC.” Project ObjectivesTo evaluate impact of digital technology on business activity.To locate the need and requirements of adopting digital technologies in ZOCDOC company.Construct number of methods through which company can attain full growth in medical market.Project Questions: What are the elements that will aid in finding out the impact of digital technology in ZOCDOC?What are the requirements that ZOCDOC is facing in using digital technologies in thebusiness activities?How to check the efficiency of digital technology on business activities performance?Provide recommendations in which ZOCDOC can accomplish high competitiveoutcomes in medical market?Performance, Cost, and Time ObjectivesPlanning defines the route that has to be followed in order to carry out the activities inappropriate manner. The project manager of the company plays an essential role in drafting outthe management plan so that every step can be full filled in proper manner that results inachievement of set goals and objectives (Chesbrough, 2010). The plan which is drafted mustinclude number of factors that are discussed below: COST: It include number of expenditures that have to be done while adopting severaltechnology system. ZOCDOC require large amounts of funds and finance in order to
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