Project Report on Digital Technology for Business : 4COM Organisation
Added on 2020-06-03
21 Pages4425 Words30 Views
Managing SuccessfulBusinessProject
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Devise aims and objectives for project..................................................................................1P2 Creation of project management plan....................................................................................2P3 Work break down structure and Gantt chart.........................................................................4TASK 2............................................................................................................................................4P4 Small scale research...............................................................................................................4TASK 3............................................................................................................................................7P5 Research and data using appropriate tools and techniques....................................................7P6.Recommendation.................................................................................................................12TASK 4..........................................................................................................................................12P7 Reflection.............................................................................................................................12CONCLUSION..............................................................................................................................12REFERENCES .............................................................................................................................13
INTRODUCTIONDigitalisation is growing fast in the modern businesses as it refers to conversion ofanalogue informations in various form such as text, photographs and voices into digital formwith technologies or suitable devices including scanner and specialised computer chip for thepurpose of processing, storing and transmitting by using digital circuits, equipment and networkswith sin the firm. It is an essential to achieve competitive advantages in digital world. Digitaltechnology is very important for a business organisation that helps to attain their business goalsand objectives in effective manner (Zott, Amit and Massa, 2011). Through this process a smallscale organisation can easily attain higher growth and desired outcomes easily. This projectreport is based on 4COM Which is a small scale organisation and want to attain digitaltechnology for getting higher business growth and business advantages easily. This reportincludes aim and objectives, Project management plan, work break breakdown structure andGantt chart representation to understand its valuation. It also includes small scale research,appropriate representation for data and analysis through various tools and techniques. At last itincludes Recommendation and self reflection for this project plan.TASK 1P1 Devise aims and objectives for projectDigitalisation has various impact on a business organisation that used to provideseffective growth and desired outcomes to them easily. For 4COM it is required need to adoptdigital technology improve quality of their products and services easily. Through this digitaltechnology they can attract more customers toward their effective services. Advance technologyis not only helping to build quality of products but also manage different activities as accounting,marketing, research, manufacturing and communication activities as well. For them it is alsorequired to implement all these activities in their planing and strategic process. This activityrequires a appropriate research that consider what are needs of digital technology and its futureimpact on firm (Teece, 2010). For a small scale organisation it is hard to implement advancetechnology in their business procedure because it has vast procedure that needs experiencedemployees who can utilize it easily without any conflicts and barriers. This process required costmanagement procedure and trained staff as well. There are different aim and objective of thisproject are given below1
TOPIC: Impact of digital technology in supporting small business growth and innovation – acase study based on 4COM .Background of this Project: This project report is based on digital technology that 4COM wantsto attain in their operational and functional activities. Digitalisation is a used to provideseffective growth and productivity in business to attain their objectives easily. After adopting thistechnology 4COM will grab desired growth and appropriate valuation of their products andservices (Stokes, 2010). Through this process organisation can easily build their own image andgoodwill in market to attain competitive advantages effectively. Main objective of this techniquefor organisation is to renew their existing products quality and services to provide highersatisfaction to customers.Research Aims:To determine effects and impact of digitalisation on the development of 4COM. Research Objectives: There are respective objectives of 4COM are given below as - To analyse effect and impact of digital technology on organisation growth.To attaining business objectives and future goals easily.To analyse whether digital technology will helping to attain long terms benefits andgrowth.To analyse benefit and disadvantages of advance technology for different businessactivities.Research Question: There are various questions are determine below which are based onobjectives of organisation such as - What are the impacts of digital technology on organisational growth ?How business attaining objectives and future goals easily after adopting digitalisation ?Does advancement of technology helps to attain long terms benefits and growth ?What are the advantages and disadvantages of advance technology for different businessactivities ?P2 Creation of project management planProject management methodology is used for data collection which provide a platform for attaining organisation objectives and goals and making working environment more healthy and suitable (Porter, 2011). This approach is adopt and implement by 4COM for examine and analyse company's strategies, policies, products and services which directly or indirectly 2
connects with its customers and employees. Through this techniques, company's want to enhanceits productivity and performances and find out bugs which are present in their existing strategies , products and services. So that they can improve more customers satisfaction and enhance employees retention rate within their organisation. There are various elements which arediscussed below-Cost: In today's competitive marketplace, cost is most important factor for any organisation to compete with its rivalry's as well as maintain and enhance its customer satisfaction level. 4COM has to adopt and implement latest innovation in technology and equipments for reducing its cost of products and services which ultimately impact on company's future financial as well as sales growth and customer satisfaction level. Scope: Their is enormous scope in market as well as within company for adopting new innovation in technology equipments. By applying and implementing new innovation within their company, working style of employees as well as customer perception towards firm will change in a positive manner which helps in company future growth.Time: In today's high tech modern world, company can easily save its time and capital fund by using innovation within company and make modification within their existing strategies and equipments. Which give positive attitudes and creates fruitful environment for working employees within organisation (Peppard, 2016).Quality: For customers, quality of products and services is most important factor than price. 4COM has to maintain its quality and also improve its existing products and services by using modern innovation and technologies. Which helps in organisation productivity and performance.Communication: This is most essential and crucial tool within organisation for working effectively and efficiently. This tool helps in builds working environment in a more healthy and fruitful by creating an platform of solving conflicts and concerned of employees regarding products and services as well as company's policies and strategies. Communication between employers or higher management authority as well as ground level employees or working force always builds motivation level among employees and its platform through which workforce is able to knew about new methodologies and processes. This approach impact positively on 4COM productivity and performance which indirectly affect company's financial and market growth which promote employees and employers towards their roles and responsibility.3
Risk: Before adopting and implementing any new innovation, methodology in strategy, policy as well as product and service within 4COM, all employees will knew priorly about each and every new methodology and innovation which is implement within organisation. Because if employees are not known about new innovation and strategies then these new strategies will impact negatively rather than positively and it reduce company's performances and productivitieswhich badly impact on market values of organisation (Laudon and Laudon2, 016).Resources: natural or man-made resources are key elements of organisation for achieving desirable goals which helps in enhancing productivity and improving performances of employees. P3 Work break down structure and Gantt chartWork break down structure is an activity done in company for dividing work which help inreducing work load of employees. This is kind of hierarchical tree structure that frame entireproject and then divide it into the group as per skills and knowledge of members of that team.With this process leader and manager of organisation easily divide task between employees sothat, project will complete on time with minimum uses of resources. Main purpose of applyingwork break down structure in organisation is to easily achieve large project and can bemanageable as well as employees also get comfortable atmosphere to work in it. In somedifficult task when this process is applied it also help in accomplishment of the same with thehigh productivity and on time work done in proper manner. This is mainly presented in graphicalform for managing all business activities, task, project in proper manner. In 4COM this process is applied so that employees don't feel extra pressure of work loadand this is implemented in from top level to middle level. For this various methods areimplemented in company for evaluating employees skills, knowledge, capability and abilities todivide several task. The same structure assist in reducing extra cost which occur in production orother activity, time factor is important and project requires work to be done on time instead ofthis extra efforts of personnel for a particular task. As per the expertise area of employees workare assigned to them. This is important for every kind of firm to identifies qualities andeffectiveness of employees working with them and this is the work of human resourcedepartment. This process motive and encourage personnels when they as per work break downstructure. 4COM is an small scale business for them this process is beneficial and essentialbecause it divide work of staff as well as bring many opportunities for company. 4
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