Managing Successful Business Project - Victorinox
Added on 2020-06-06
21 Pages4665 Words40 Views
Managing SuccessfulBusiness Project
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Aims and objectives of the project.........................................................................................1P2 Project management plan.......................................................................................................3P3 Work breakdown structure and a Gantt chart........................................................................4TASK 2............................................................................................................................................6P4 Small scale research by applying qualitative and quantitative research methods..................6TASK 3............................................................................................................................................9P5 Research and data using appropriate tools and techniques....................................................9P6 Appropriate recommendations as a result of research.........................................................15P7 Reflection of undertaking the research................................................................................15CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17........................................................................................................................................................18
INTRODUCTIONIn today's modern scenario, various number of development of technology are take placerapidly which change the whole business activities. Basically it provide various opportunities tothe business organization in enhancing their growth at market place. Digital technology is oreappropriate for company because it provide benefits to business enterprise to share huge amountof information in which manager of the company take better decision which leads in improvingthe productivity level of the company (Eckerson, 2010). Along with this, various tools andtechniques are used by the company to communicate with customers and provide them betterservices in appropriate manner. Present report is based on Victorinox, which is watch companyin UK. They wants to expand their business activities on online platform. This report includevarious methods of research which helps in determining the valid conclusion as well asrecommendation. Furthermore, project management plan is also mentioned in this assignmentwhich aid in determining specific aims and objectives. Various methods and techniques are alsomentioned in the project which aid in collecting data about the research topic.TASK 1P1 Aims and objectives of the projectIt is very important for business organization to adopt new and advance technologiesbecause in today's time customers needs and demand are change in a fast speed. Wit the help ofthis company easily offer quality products and services to its customers and get bettersatisfaction by them. In this development of technologies are helps in providing variousopportunities which decline traditional market segments. Basically the main impact ofadvancement of technologies on business is that it provide better path in which management ofthe company easily take best decision and improve their performance level at market place.Along with this cloud technology also provide better opportunities to the enterprise in whichmanager easily share huge information to one place to another with more security. In thistechnology also provide a communication path in which company easily communicate with theircustomers and provide them better services. By this firm easily capture larger market share andalso increase their productivity level (Crane and Matten, 2016). Thus, effective use of advancedtechnology define better coordination among all the department which aid in attaining positiveoutcomes in systematic manner. By this manager of the company easily find out the deviation1
within the business activities. Furthermore, the main benefit of using technology is that it providenumber of opportunities in which company enhance their products quality which aid in satisfyingcustomers demand as per their requirements (Smith, Binns and Tushman, 2010). Hence,technology affect business operation in positive manner and also increase the profitability of thecompany at market place.Topic: To implement digital technology for transferring business activities.Background of project: Every business needs to make changes within their business activities ass per markettrends and customers demand. In this transformation of digital technologies is more effectivewhich helps in improving the performance level of the company at market place. Along withthis, is also helps in making featured and quality products and services as per customersrequirements. Furthermore, cloud technology is also adopted by the company to make their dataas well as information secure. With the help of this process of digitalisation is also helps inimproving the performance level of the business. In this context, company manufacture theirwatches as per customers demand in which they also offer their services at global level by usingsocial media and mobile technology (Den, Van and Jong, 2010). Thus, it is important forbusiness organization to set their aims and objectives before starting a new project which helpsin formulating it effectively within the organization and also improve their performance inappropriate manner.Aims:To implement digital technology for transferring business activities – A case study onVictorinoxObjectives:To determine digital technology implementation in business activities.To interpret transformation needs in business activities.To measure overall efficiency of advance technology in transformation of businessactivities. Research questions: How implementation of digital technology in business and its activities?Why it is important to effectively transformed in whole business activities?How the advanced technology is effective for business organization?2
P2 Project management planProject management plan is one of the important activities for every businessorganization to manage their project activities which helps in attaining positive outcomes in anappropriate manner (Chesbrough, 2010). Basically, it provides better direction to manager at thetime of executing their research activities. In absence of project management plan, company isnot able to accomplish their objectives and set aim. The main advantage of this plan is toeffectively perform all activities of the plan to attain long term benefits in a systematic manner.With the help of this, company easily enhances their profitability level and also take a strongposition in market. Furthermore, project management plan guides manager in order to determinethe scope, quality risk, cost and resource which involve in whole project of the company. It helpsin making a successful project which leads to improve the performance level of company. Incontext of Victorinox, they want to expand their online business by using various tools andplatforms which help in enhancing the productivity level at market place. In this, manager ofcompany considered important factors before taking any kind of decision towards the finalproject. All these factors are as follows:Scope of project: Under this factors, the scope of this project is very high just becausevarious opportunities are exist in today's modern world. With the help of this company increasetheir profitability level in appropriate manner. Furthermore, company expands their onlinebusiness in which they get various opportunities to make as well as offer quality services tocustomers which helps in attaining the desired outcomes. Hence, the overall scope of this projectis very high which aids in attaining higher growth at market place.Management of risk: Every business and project define risk factors so that it isimportant for manager of the company to manage as well as assess it effectively before executetheir project activities in effective manner. Management of risk is the core activity for managerto maintain their performance level and also improve profitability at market. In context ofVictorinox, risk factor of this project is very low because this company offers their qualityservices to customers (Ahmed, Jimenez-Jimenez, and Martínez-Costa, 2013). Along with this,manager has to determine the risk of project to attain positive outcomes which directly contributein maximizing profitability level of company in market placeQuality control: Maintaining quality is an important element which helps in attaining theproject goals and objectives. In this, manager has to maintain overall quality at the time of3
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