This project focuses on the impact of digitization on organizational activities and guides Ensoft Ltd to use technology and innovative ideas to improve efficiency of their product in the market.
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MANAGING SUCCESSFUL BUSINESS PROJECT
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INTRODUCTION....................................................................................................................................4 TASK 1............................................................................................................................................4 P1 Aims and objectives of project...............................................................................................4 P2 Project management plan including different factors.............................................................5 P3 Gantt chart and Work breakdown structure for explaining time frame..................................6 TASK 2............................................................................................................................................8 P4 Small scale research by applying qualitative and quantitate analysis....................................8 TASK 3..........................................................................................................................................10 P5 Analysis of research using different tools.............................................................................10 P6 Appropriate recommendation by analyzing the overall factor.............................................16 TASK 4..........................................................................................................................................17 P7 Own learning experience......................................................................................................17 CONCLUSION..............................................................................................................................18 REFERENCES..............................................................................................................................19 INTRODUCTION In current scenario technology plays a vital role in business activities across the globe. It has become one of the pillars for enhancing the success rate of an organisation.Apart from that it has given opportunity to small scale organisation to compete with large scale organisation on same platform with efficient product and services (Porter, 2011). Ensoft Ltd.Is a small scale organisation based in UK that was established in 1997 that majorly deals in providing network related software to different organisation This assessment focus on usage of digital technology
by company in their administration, storage and distribution, production, communication etc. to increase their competitiveness in business market. It will further discuss use of technology in in analysing efficiency of their product in market through several qualitative and quantitative methods and also used to determine the analysis of their work by breaking it into several structures. TASK 1 P1 Aims and objectives of project This project is primarily focus on impact of digitization on organizational activities. It also focuses on activities of Ensoft Ltd in market and guides them further to use technology and innovative idea to improve efficiency of their product in market. This also guides organization to effectively use technology in their manufacturing process so that can be able to compete with bigger organization. Modification and advancement of technology is essential for company because over the last few years they are efficiently working with product vendors of national and international company especially UK. So further development of technology will organization to develop their business in global competitive market Topic: “The impact of digital technology supporting small business growth and innovation”. Project background -This project underline the contribution of digital technologyin managing business activities and gain technological advantage over other competitors. Adopting technology varies from company to company but their primary aim to make profit by providing excerpted quality service to their customers (Cavusgil, 2014). Ensoft Ltd has adopted efficient technology in their business activitiespotentially so that they invest and contribute in making their project work efficiently in business market. For achieving targets of organization, they must have some aims and objectives so that they can plan and execute their strategies accordingly. Aims - To determine the impact of digital technology which support small business to grow and manage innovation Objectives - To identify the impact of digital technology on small business growth To determine the importance of digital technology in order to facilitate innovation To evaluate the impact of digitalization on business development and innovation
P2 Project management plan including different factors For management of project an organization must make sure that they can be able to maximise their productivity by minimal use of resource so that they can be able to increase their productivity. By potent use of technology they can be able to increase their capability in business market (Eid, 2013). Technology helped in efficiently managing different activities in organization by providing a detailed qualitative data so that better decision can be made. Ensoft Ltd can use technological aspect to gain competitive advantage over competitor in market place.Cost- For better performance of their project Ensoft Ltd has to determine expenses and costing, that will help them to plan better in managing different projects. Better calculation of cost of product will aid organization to control costing of every product that will help them to increase their revenue in business market. The company is primarily dealing with software’s so they must know the actual cost of production so that they can be able to determine right value for their product. For any organization it is essential to analyses the value of their products so that they can be able to make efficient planning in business market.Scope– Scope of Ensoft Ltd is to grow their business in different geographical location and do profitable business for long term. For doing so they must plan and analyses their business policy, budget, market scenario, customer demand etc (Laudon, 2016). As it is a small scale business they will get more opportunity to do business in market because UK government have planned to provide funding to small scale business to grow in business market before the implementation of Bruit in business market.Time and quality– Management has to allot different time frame to their projects so that they can complete their project on time. By providing accuracy and complete them in desired time frame will allow organization to expand their business activities in more corporate market. Ensoft is dealing in providing software solution to many countries so by delivering their productat accurate time they Weill are able to increase their dominance in many corporate business Ares across different geographical boundaries. Communication– For an effective project management managerneed to adopt better communication practice that will help inmaintaining better communication between different employees. Having better coordination will aid in discussing innovative idea or adoptabetterprocessthatcanbeimplementedintheirproject.Apartfrom
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communication inside the organization the manager must focus on communicating with their clients so that cab is able to understand need and wants of their customers so that they can be able to produce vest quality of product. Risk and Resources– Putting innovative idea in business process will always be risky affair. The efficiency of product in market can be defined by its popularity and amount of revenue they have collected from their project (Fitzgerald, 2011). As Ensoft ltd is focusing on delivering products in different countries they have understand some risk factors that includes hacking, unethical use of data, unproductive software, and high complexity. So that they have to plan effectively to increase productivity of their software in market. These are some of the important aspect that has to be considered in planning a project in business market so that they can be able to make potent product and with minimum cost of production. P3 Gantt chart and Work breakdown structure for explaining time frame There are 2 techniques that that include Gantt chart and work breakdown structure that helps in execution of project management plan for Ensoft Ltd. Applying this product in business activity will allow them to fetch more customers from different market place. Work-breakdown structure– It is a process that is used to hieratical distribution of product. In other since it breakdown products into different parts so that they can deeply analyses and evaluate planning for their projects (Peppard, 2016). Division of work into work packages, deliveries and phases so that they can evaluate different approach to fulfill that test in desired time frames. By applying technology in their activities company can be able to understand need and want of customers and make their products according to their need. By using Work Breakdown Structure Ensoft Ltd can potentially analyses demand of customer in different market and make product according to their need and want. Through the work breakdown Structure Company can divide development of software into different stages so that they can perform testing and added feature if necessary to increase their potential in market (Hotho, 2011). For example in recent trend technology has covered the business market, more and more company utilizing it to check efficiency of their product and up to what extent it is effective to fetch more revenue for organization.
Gantt chart – It is another tool in the form of chart that gives the pictorial view on breakdown of project. It is widely accepted because through graph company can efficiently examine the progression of every task. Ensoft Ltd has also used Gantt to a good effect in their business activities so that they can easily evaluate progression of their projects. This chart contain several factors that include identification of different element, literature review, layouts, communicate, implement etc.
For example company has got contract form some organization to make software that is used to connect different organization to only one server. So company will breakdown the structure acceding to the feature they are adding to that software , lastly software will be tested weather it is able to connect different division of software through cloud computing. So it can be evaluated that the above factors helps organization to properly breakdown the progression for developing their product so that they can make quality product according to wish of their customers (Dezdar, 2011). TASK 2 P4 Small scale research by applying qualitative and quantitate analysis `Research means detailed analysis of a particular project or problem. Through adaption different research methodology organization can analyses different issues and provide relevant solution for them. This method is considered as one of the efficient techniques because most of the analysis that has been performed is through scientific tools that are used to solve complex problems software by considering many variables (Stokes, 2012). Ensoft Ltd use Questionnaire method that will aid to analyses different factors related to their software. Qualitative research– It is about understanding demand of technology by people and their them response against them. This process involves collection of information by asking question by clients or other concern people so they can be able to understand performance of their product in market. Questionnaires can be asked through different medium in the form of images, videos, words then they are analyses accordingly. Research methodology is also called exploratory research that involves philosophical and theoretical approach in corporate environment. This methodology also involves several factors that include geographical area, demand of their product and advantage of their product so company can modify and enhance their productivity in market place. Quantitative research method– In this numerical data are considered and subjected to sampling process that provides numerical output of data. The numerical data are easy to understand and can be used for future references. Several quantitative approach for performance of research is survey, experimental, regression, correlation etc. Questionnaire Name: Age: Gender:
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1). Does Ensoft have efficient management system that helps in proper evaluation of business activities? A. Yes B. No 2). Is the organisation is having skilled engineers to complete desired task A. Yes B. No 3). It Ensoft is using technology efficiently to promote their business imp market A. Yes B. No 4). How the company is using cloud computation and artificial intelligence in their business activity A. Development of software B. Connection with customers C. Maintaining their business activity 5). Is the existing technology is effective or need further modification in future market A. It is perfect B. Med modification C. Poor and not effective in future 6). Is technology is contributing in functioning of business activity of organisation A. Yes B. Not effectively C. More effort required 7). Is the technology is used by organisation following the laws and policies that are required in performing business activities. A. Yes B. No 8). Give your review about growth and development of organisation using technology
TASK 3 P5 Analysis of research using different tools Interpretation of tools and techniques : - In this section the company has adopted quantitative approach to analyses the functioning of organization through analysis of respected sample size. In this sample size is being taken as 50 and data are analyzed. 1). Does Ensoft have efficient management system that helps in proper evaluation of business activities? Response A. Yes40 B. No10 12 0 5 10 15 20 25 30 35 40 Series3 Series2 Series1 Finding– From the above sample size it is evaluated that company is able to implement technology in their organizational activities. It is evaluated that they have strength of around 70 engineers contributing in the project management successfully. So by evaluating the impact of technology and their positive effect Ensoft Ltd can easily implement them to some more factors in their business activities so that they can make an efficient management of team. Evaluation of business activity will aid organization to maintain different prospective in their business. The key Ares they have to work is company is having a low turnover of employees over the years bad by proper survey they can analyses the defect and can be able to increase their potential in retention of their workforce
2). Is the organisation is having skilled engineers to complete desired task Response A. Yes35 B. No15 12 0 5 10 15 20 25 30 35 40 Series3 Series2 Series1 Finding– AS Ensoft Ltd believes in providing better quality of service or product to their customers they have to maintain level of customers in their organization so that they can be able to increase their reach in several other geographical location with their product. Company is having high percentage of skilled engineers those are focused on creating innovative ideas in their software that will eventually help them to increase their potential in different business market. 3). It Ensoft is using technology efficiently to promote their business in market? Response A. Yes10 B. No40
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12 0 5 10 15 20 25 30 35 40 Series3 Series2 Series1 Finding– As it is a small scale business Ensoft Ltd tend to invest less in promotional activities they are known to some restricted areas in organization. The popularity of organization is only restricted to their clients, local marketers and competitors. 80% of people have negative response toward adopting negative activities of organization 4). How the company is using cloud computation and artificial intelligence in their business activity? Response A. Development of software20 B. Connection with customers5 C. Maintaining their business activity25
1 0 5 10 15 20 25 30 35 40 yes Not effectively More effort required Findings– Artificial intelligence and cloud computing are the future demand of any organization. So it is estimated that adopting these features by organization will provide them advantage among the competitors. 25 out of 50 believe that they are using this in their business activity. As they are working in providing network related product they can use cloud computation to enhance efficiency of their product. It will help different organization to make software’s that can be accesses from anywhere ion any platform that will provide advantage in increasing sales volume of software. 5). Is the existing technology is effective or need further modification in future market? Response A. It is perfect15 B. need modification25 C. Poor and not effective in future10
1 0 5 10 15 20 25 30 35 40 yes Not effectively More effort required Findings– It is observed that in current business organization plays a crucial role in performing business activities so Ensoft Ltd must plan to increase their efficiency to develop a product that will aid them to increase their productivity. 25/50 people agreed that technology plays a vital role that can be modified regularly to get fruitful result for longer period of time 6). Is technology is contributing in functioning of business activity of organisation Response A. Yes35 B. Not effectively10 C. More effort required05
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1 0 5 10 15 20 25 30 35 40 yes Not effectively More effort required Findings– As it is a software company many people in business ar4es feels that they are using technology to a good effect. That is rightly so because being a small scale company they have been able to increase their footstep in trading with international communication. Company is having good relationship with countries like UK where they are able to fetch millions of pounds to grow their business. Due to this they have leap forward many IT organisation to be regarded as the top 10 companies in organization 7). Is the technology is used by organisation following the laws and policies that are required in performing business activities. Response A. Yes35 B. No15
12 0 5 10 15 20 25 30 35 40 Series3 Series2 Series1 Findings– It is very essential for organization to follow guidelines and policies that have been made by government. UK law and governing bodies have made several cypress laws that help in monitoring business activities and approaches of company and stop them from adopting unethical approach. There are several approaches that people feels that that are not legal and can be scrapped from business activities of Ensoft ltd. 8). Give your review about growth and development of organisation using technology? Findings– This section provides person to add additional information to business activities that are not included in above section. The added views and output will help organization to explorer more areas of their organization that hasn’t been explored yet. P6 Appropriate recommendation by analyzing the overall factor Theabovereportisallabouttechnologyanditsimpactonbusinessactivitiesof organization. Technology has both positive and negative impact on the business practices that are performed Ensoft Ltd. There are some positive aspects that are seen in organization like they are using cloud computingin developing their software’s so that they can be able increase effectiveness of their product (Teece, 2012). They have a team of 70 skilled engineers who are very skillful to perform activities in organization. Apart from that the organization is having some drawbacks they have to consider. The employee turnover in company is only 9% i.e. they are not able to increase to retain their employees for longer period of time. Ensoft Ltd has to work upon it to retain their skillful people. The ratio of engineer working in the organization are not satisfactory has 87% of their engineer are male so it may affect the decision making of the organization in future instead of that they must higher skill full women employers in their organization. The sampling method that has been used in the origination is very satisfactory and
collection of data and feedback of customer are some of the effective work of organization. To generate more knowledge and information about the future business market they have to take a largest sample size for better analyses of data. The company has already made their mark among several countries so they have further opportunities to invest new geographical area and make profit from their business activities. As they are working in proving network solution they must adopt the concept of artificial intelligence and cloud community in their business for enhancing the feature of their organization. These are some of the recommendation that help will help Ensoft Ltd to increase potential of their business activities so that they can be able to perform better in future business market. TASK 4 P7 Own learning experience Technology place vital role in this world in the business activity of the organizationevery organization can use technological aspect very effective in their business activity to get competitive advantage in market to make effective product to sell them in market organization must have some unique idea or feature so that I increase sale volume of in different geographical region according to me before developing a product on organization developing a product on organization must consider several aspect like a cost ,scope ,value ,communication and uncertainty so that they can move efficient planning in develop their product i fell that using technology tools in breaking down of project helps organization to perform their task efficiency as that can be able to evaluate different factors that are needed for development of software by proper monotony they can add feature to the product to have them more valuable (Zott, 2012) . This has enhanced lien pushy feedback and help in retention of customer for longer time. to analyses the demand and standing of product in market an organization must ensure that they have to analyses different factor related to survey have found act that the questionnaire that has being formed gives the clear picture of the standard of the organization in competitive market by collection of customer feedback from different market on organization can be able to make certain planning and strategy to implement technology in more potent way so that they can be able to analyses and plan their business active to competitive market I am very impressed by the quantitative approach the company has adopted to understand the business activities of their organization. I have learnt to perform sampling method and Gantt chart that will be beneficial for me in future business environment. This report has so much to explore that has helped me to increase my learning experience apart from this I have anal used that how technology will impact the future business market. Hence it is important for employees and employers to increase their skills to contribute better in future business market.
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CONCLUSION From the above assessment it is conclude that technology is a crucial factor for development of business in current business market It help in evaluator typical business concept with business concept with ease and prove fanatical data. The technique are most widely used are Gantt chart and WBS that help in evacuate bush activities implement of technology is a vast area that is to be studied efficiently to move a product business (Fitzgerald, 2014). To understand business activities of organisation a questionnaire is formed that is distributed among different people in market so that they can be able to understand the opportunity of their business activity. With coming of Bruit in UK small scale company like Ensoft ltd to do successful business.
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