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Managing Successful Business Project : Marks and Spencer

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Added on  2020-10-05

Managing Successful Business Project : Marks and Spencer

   Added on 2020-10-05

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Managing Successful BusinessProject
Managing Successful Business Project : Marks and Spencer_1
Table of ContentsINTRODUCTION...........................................................................................................................3a) Identify the aims and objectives for the project......................................................................3b) Produce an appropriate project management plan that includes relevant actions to meetobjectives and time frames..........................................................................................................3c) Conduct research to generate knowledge which will form the basis for analysis of thescenario posed in the brief...........................................................................................................9d) Analyse your findings and draw conclusions to form the basis for recommendations........11e) Present and produce your project in an appropriate manner for the intended audience.......17f) Communicate your recommendations in an appropriate manner for the intended audience17g) Complete a performance review that addresses the following:............................................18CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20
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INTRODUCTIONArtificial Intelligence means information used on computer which enhances level ofdistribution and creativity. This includes various kinds of application and equipment which usesinformation in numeric code form (Badewi, 2016). It includes personal computers,communication satellites, calculators. With increase in digital technology, business has beenimpacted in different activities. It is significant for organisation to move with current trends andtechnology. The given assignment is based on Marks and Spencer which was founded in 1884 atUnited Kingdom which is retailer business that deals in clothing, luxury food products and homeproducts. This report discuss about aim, objectives, project management plan along with researchand findings. The performance review has been made for knowing performance of individuals.a) Identify the aims and objectives for the projectBackground of ResearchMarks and Spencer (M&S) is multinational British retailer organisation founded in 1884at London that deals in luxury food, clothing and home products. This was founded by MichaelMarks and Thomas Spencer in Leeds. It is serving its products worldwide for their consumerthough price of goods is high as it maintain high quality. There are 80,787 employee working inorganisation for achievement of goals and objectives.Aim of ProjectTo identify the impact of Artificial intelligence upon business activities as operations,marketing, accounting, HR.” A case study on Mark and Spencer. Objectives of ProjectTo identify the concept of Artificial intelligence To analyse challenges and benefits of Artificial intelligence for Mark and SpencerTo ascertain the impact of Artificial intelligence upon business activities of Mark andSpencer. b) Produce an appropriate project management plan that includes relevant actions to meetobjectives and time framesProject Management Plan (PMP) is approved and formal document which is used tomanage project execution (Beringer, Jonas and Kock, 2013). This plan define, integrate, prepare
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and coordinate different panning activities. The PMP which includes relevant actions to meetobjectives and time frames are as follows:Project TitleTo identify the impact of Artificial intelligence upon business activities as operations,marketing, accounting, HR.” A case study on Mark and Spencer.Company Name“Marks and Spencer”CostIt is important factors for conducting research plan and operating business activities. It isnecessary to conduct proper research to know about market scenario so that cost can be known.While implementing new technology at M&S, various types of cost occurred such as installation,purchase and employee cost. The project department of organisation should make budget whichcan be 20 lacks pounds. Similarly, from researcher point of view, it can 50000 pounds forimplementing such project in organisation (Brady and Davies, 2014).ScopeIt is regarded as when organisation want to start any new things in their business. Here,Marks and Spencer is planning to implement digital technology in their organisation for runningtheir activities in better way. This technology can provide impact on accounting as it make workeasy and simple to maintain records. Also, M&S need to analyse different factor for goodoutcome. The researcher can analyse scope level by improving and enhancing skills andknowledge by using techniques in order to carry out plan in effective manner.TimeIt is period when project started or action took place and work occurred (Chang, Waltersand Wills, 2013). If organisation has sufficient time then it can evaluate each and every digitaltechnology and implement it. In order to implement digital technology at Marks and Spencer itcan take 3 months and from researcher point of view it requires 3-4 months for collecting dataand information for plan.QualityThis is the raw materials required by company for operating business and implementingdigital technology. It has both positive as well as negative impact on corporation functions if ituse good quality, work can be done easier that leads to increase in sales and profits. Similarly, in
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