Managing Successful Business Plan Assignment
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Added on 2020-10-04
Managing Successful Business Plan Assignment
Added on 2020-10-04
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MANAGINGSUCCESSFULBUSINESS PLAN
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3Research background.......................................................................................................................3TASK 2............................................................................................................................................4TASK 3............................................................................................................................................5TASK 4............................................................................................................................................5TASK 5............................................................................................................................................7TASK 6..........................................................................................................................................15TASK 7..........................................................................................................................................16REFERENCES..............................................................................................................................19
INTRODUCTIONIn the today's time, digital technology has revolutionised the way that anyone canconduct the business. There are various kinds of digital technologies used in the business bywhich many organisations enhance its business procedure and profitability. In several activitiesof business such as administration, communication, storage, distribution, production, marketing,finance etc required effective technology through which all process can effectively conduct. Thepresent report provides the depth knowledge and understanding about the digital technology andits impact upon the business activities and function (Bulgurcu, Cavusoglu and Benbasat, 2010).The major aim of this study is to analyse the impact of digital technology on the businessactivities and operation with respect of Marks and Spencer UK. In order to address this aim,researcher have developed various objective and used different methods of researchmethodology by which actual issue can easily address.TASK 1Research backgroundIn the present time, every business desires to improve the speed of business process andsave the cost. This can possible only by use of effective source of digital technology. Anytechnological device that function through a binary computational code such as laptops, mobilephones, computers, internet etc. In the present report, the discussion has been done on thesignificance and impact of digital technology on the business performance and operation in therestaurant (Bulgurcu, Cavusoglu and Benbasat, 2010). For attain this objective, scholar haveconducted primary data collection and used qualitative research methods.Research AimTo explore the understanding about the impact of digital technology on the performance andoperation of business enterprise: A case study of Marks and Spencer UKResearch ObjectiveTo examine the meaning and concept of digital technology?To analyse the significance and importance of digital technology in the business contextTo examine the role of digital technology in various functional department such ashuman resource, marketing, operation, IT To assess the impact of uses of digital technology on the business performance andactivities
To recommend the ways by which business performance and operation can more improveby use of digital technology.Research QuestionsWhat is the concept of digital technology?What are different significance and role of the digital technology in various functionaldepartment of an organisation?How digital technology can influence business functions and operation?TASK 2Scope of the research projectThe present report is developed on the basis of the digital technology and its significancein the various functional department of organisation. This research study have huge scopebecause it aids in developing effective understanding and knowledge about the digital technologyand its implication in business toward improve operation and growth. With assistance of thissubject, communication procedure in the business can also improve. In various aspects such asadministration, storage and distribution, production etc required effective source of technology.Risk managementIn the present research study, risk management is essential aspect to control and monitorthe entire investigation. With help of risk management process, researcher can easily overcomethe risk in the proposed research investigation. In this present study, risk can occur related toplagiarism because researcher collect secondary information from various secondary sourcessuch as books, journals online articles, blogs etc. On these sources, there is high risk ofplagiarism.Cost controlIn the present research study, there are various kinds of activities which incurred cost andexpenses. Researcher required sufficient fund in various aspect such as transportation cost,printing and stationary, internet cost etc. Due to insufficient amount of fund, scholar may faceissue related to cost. In order to control the cost, scholar has used activity based costing methodby which researcher can easily control the cost.Quality controlIn this present study, researcher have to control the quality of the investigation. As allinformation which is going to add in the researcher should be in high quality.
Rationale of the studyThe major reason for selecting this topic is to analyse the impact of digital technology on thebusiness operation and function. Researcher have selected this topic as research to becausescholar wanted to explore knowledge and understanding. In addition to this, in the present time,most of the organisation is using this channel for enhance speed and operation of business. Thus,researcher desires to acknowledge the actual impact of digital technology on the businessperformance.TASK 3Gantt chartActivity/Week12345678910111213141516Develop research proposalDesign aim and objective of theresearchSignificance of the studyRationale of the studyResearch methodologySelection of the research methodsPrepare questionnaireData collection in surveyData analysis and interpretationConclusionSubmit the draftTASK 4Research methodology is very significant aspect and terminology for address the researchissue. It is a systematic process and theoretical analysis of the method applied in the study. It is aplanning for doing research about any subject. In this aspect included various methods andtechnique such as research approach, philosophies, research techniques, data collection, sampling
etc. In the present study, the major objective of researcher is to explore the understanding aboutthe impact of digital technology on the performance and operation of business enterprise. Thus,for attain this objective, scholar will apply following methods-Research philosophies- In the entire research methodology, research philosophy is one ofthe significant aspect which provide depth knowledge and understanding about theresearch study. With help of this method, researcher can understand the actual objectiveand issue of the study (Zumitzavan and Michie, 2015). There are major two kinds ofresearch philosophies that is interpritivim and positivism. In order to explore theunderstanding about the impact of digital technology on the performance and operation ofbusiness enterprise, researcher has applied positivism research philosophies.Research approach- In order to conduct the research investigation, research approach isone of essential aspect by which investigation objective can effectively analyse. Thisapproach allow investigator in analysing and assessing the actual outcome of the study.There are major two kinds of research approach that is inductive and deductive approach.In the inductive approach, there is presence of research question and in the deductiveapproach, hypothesis can design by the investigator (Smith and Lewis 2011). In thepresent study, scholar has applied deductive approach for explore the understandingabout the impact of digital technology on the performance and operation of businessenterprise.Research technique- Research technique is that criteria for analysing and interpretinginformation about the subject. It is source which assist to scholar in analysing andaddressing the problem of study in more excellent manner. Major two kind of researchtechnique that are qualitative and quantitative (Soni and Kodali, 2012.). On the context ofqualitative, it is a technique of inquiry that develops understanding on the human andsocial science and it is exploratory type of research. On the other hand in the context ofquantitative research, it is used to generate numerical data and it is conclusive type ofresearch technique. In the present study, for explore the understanding about the impactof digital technology on the performance and operation of business enterprise, researcherwill apply qualitative research technique. By use of this method, researcher will conductthe survey for data collection.
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