The assignment provided is an analysis of business management studies, which includes a compilation of various articles, papers, and books on the topic. The document covers topics such as project management, cloud computing, research methods, and social entrepreneurship. It also provides a list of references for further reading.
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Managing Successful Business Project Managing Successful Business Project
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1 Managing Successful Business Project INTRODUCTION It is important for business organisations to use their resources and capabilities in a way that they are able to achieve all the required goals. Every company wants to attain a competitive position in a market that will enable it in achieving all of its goals and objectives in an efficient manner. There is a requirement of an effective strategy thatwillbeassistingtheorganisationinovercomingissuesinadesiredmanner (Saunders and Lewis, 2012). There are different types of issues that are there in front of organisation. These can be sorted out by using new methods and techniques. This research work is based on Morrison’s which is a retailer offering products in grocery. The revolutions that came due to digitalisation has shaken up. This project will state aboutaimsandobjectives,projectdevelopmentplans,Ganttchart,researchvia different sources. Also finding and recommendations will be given. The cited company need to adapt to new technologies for gaining better market positioning and enhance its customer base. This report will assist it in understanding ways in which it can use digitalisation and its concepts to gain competitive advantage in market. LO 1 Retailing sector is known to be one of those sector that have registered higher rate of growth rate. It is an industry where companies need to focus their resources and capabilities on enhancing satisfaction of consumers. The organisations need to focus on dual growth concept so that they can attain higher level of effectiveness in market (Sparrow, 2012). For enhancing organisation feasibility and viability, the managers in these companies tries to develop a good environment that is supportive to people. Morrisons is one of the major brands in UK and it is operating numerous stores in the country. It deals ingrocery andother items from its various physicalstores. Currently, the company is trying to enhance its digital interaction with all other parties. Basically,digitalisationhasassistedorganisationinboostingtheir capabilities and productivity (Young, 2013). it has multiplied the individual performance levels as they are more informed regarding changes and requirement prevailing in the market. It is an important change that is required and in this report it will be stated as how it will be impact company performance:
2 Managing Successful Business Project Research Title: Howdigitalisationhasinfluencedperformanceandoperationof organisation: A case study on Morrisons. Research objectives These are stated in a way that will enable organisation in simplifying a major goal into smaller steps. Also the managers will be able to measure any possible outcomes. Following are research objectives: Tomeasuretheimpactofdigitaltechnologiesonfutureperformanceof organization. To identify ways which can be used organisation for improving capabilities via adaptation of digital technologies. To determine the requirement of digital technologies that will enhance abilities of Morrisons. Recommendations regarding integration of digital technology in organisation. Research Questions: How digital technology will impact various kind of business activities? Ways in which impact of digitalisation can be measured on some key issues related to Morrisons? What factors used by company for adopting digital platform? A management plan is an opportunity for a researcher to state about goals and objectives and ways they will be achieved in a brief manner. This aids investigator in completing their research work in a more prescribed manner. Also, it will boost the user friendliness of this study that will focus on analysing the impact of digitalisation on various factors concerning organisation (Baiden and Price, 2011). There are certain elements that will be covered in this PMP that will assist company in understanding the feasibility and requirements of changes included in report, the prime components are, scope, cost, risk, quality, etc. they are briefly stated below: Scope: This research work is focused on developing abilities of organisation by including tools that arerequired in increasing profits. The research work is based onmarketing,operationsandsalesdepartment(Chang,WaltersandWills, 2013). This study will allow managers in understanding various aspects that are
3 Managing Successful Business Project related to the company and ways they can enhance organisation capabilities. Therefore, it can be said that this report has a huge scope associated with it that will allow managers to accomplish their duties properly. Risk management: There is a risk of losing more whenever an investment is made. It is a very decisive part of project management plan. The managers in Morrisons need to prepare strategies as to make adequate plans and policies that will be contributing to the success of this research work (Kowalkowski, Kindström and Brehmer, 2011). This element consists various factors that can impact organisation capabilities and can lead to failure. This is why PMP will be prepared after brief analysis. Quality control: This is important for ensuring that organisation attain a higher level of growth. If the content of this research work is irrelevant then it will be of no use (Smith, Gonin and Besharov, 2013). This is why the managers as well as researcher need to ensure that quality is maintained, so that the outcomes can be managed. Cost: It is important for researcher and managers to keep a check on all the cost that are involved in completing a project. As any over expenditure can impact financial condition of organisation, any minor miscalculation will have a major effect on the ability of company to explore opportunities. There is need of stating allthetechniquesincleartermssothatefficiencycanbeachievedand maintained. Time: There is limited time period that is allotted to each and every activity. This is why the managers need to make sure that each task is completed in a set duration (Doherty, Ashurst and Peppard, 2012). For this assignment, researcher will need to divide time to different activities, he will also require a provision of few days so that in case of contingency, things can be managed. Communication: It is important for researcher to state everything in clear terms so that reader is able to understand why this research work was conducted. A proper flow of communication will allow organisation in attaining a higher level of effectiveness as managers will understand the needs of changes and accept suggestions.
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4 Managing Successful Business Project It is a method that is used by managers for making complex task simpler. It is an effective way of ensuring that people are able to understand, how things will be done and what measures will be taken at what time (Too and Weaver, 2014). This is conducted by top management which prepares various plans and policies. In Morrisons, this method is used by managers for making sure that each task is completed in a set period of time. Smaller objectives assist them in making things more understandable and simpler. It motivates employees as they are able to attain their targets on time.
5 Managing Successful Business Project Gantt chart shows information about various activities i.e. time of their starting and ending. If also depict different tasks which are needed to be done for completing another one.Gantt chart is basically a graph which is made for doing work in effective way(Rosemann and vom Brocke, 2011). It assists him in setting standards for various activities that will be conducted by companies. The stated charts will allow company in ensuring that proper time period is allotted to every activity and there are specified provisions prepared to sort issues LO 2 There is a prime purpose of this study is to inform people regarding various actions that are taken. It is basically prepared to contextualise whole study and present findings in a appropriate manner, so that researcher is well informed regarding the quality of goods.This study can be used by other who are doing same kind of work, they can improve quality of their work by taking assistance from this work(Gustafson, 2012). Also, it is very important for companies to ensure that each task is completed without any necessary hurdle. The managers also need to ensure that they use right methods for conductingresearchwork.By usingtechnology,logicalform canbe produced that would aid business owners in developing plans and policies.Two sources are their which can be used for research work: Secondary: This is a source where information is already in the final forms and it is used by researcher for gaining extra data. It is mostly used for boosting sample size of research. It assists in completing all the preliminary work in a proper manner. Furthermore,secondarydatacollectionmethodistotallydifferentfromprimary technique.Inwhichresearchercollectdatafromseveralbooksandjournals, magazines, published articles and much more. It can be done through third person instead of collecting data by researcher himself.There are certain sources of secondary data research which are stated below: ◦Government reports ◦Submissions by trade, professional and business associations. ◦Research papers. ◦Financial statement of organisations.
6 Managing Successful Business Project ◦Previous research work. There are two case studies which are developed on the present scenario: Case Study 1-Morrisons company has to do something which make their customer understand about what kind of innovation they are introducing in market. They basically, have to analysethe role of digitaltechnologies infor various business activities. Morrisons want to increase awareness about their brand.If they want to attain this objective then to have sell better quality concentrate on customer satisfaction. Case Study 2-Morrisons has a higher level of diversified product offerings that enables it in ensuring that each task is completed and it is able to retain consumers for longer terms. The retail goods are delivering higher level of satisfaction to consumers as well as middle class people that can enhance their sales and profits. The two methods which are employed by organisation are stated below: Qualitativeresearch:Thiskindofresearchfocusonnumbers.Numerous candidatesare chosenby organisation for fulfilling all the criteria. The prime targets of this research work is to enhancing understanding regarding certain issues that are hindering company in boosting its profitability (Aronson, Shenhar andPatanakul,2013).Alsothisisusedforknowingbehaviour,attitude, perceptionandotherintangibleaspectsofmarket.Butthefindingsofthis research cannot be used in a general manner for whole population. Quantitative research: It is a method that is used when there is huge number of respondentsinvolvedintheresearchwork(QuantitativeandQualitative Research Methods, 2017). It uses various mathematical and statistical toolsto provide informationabout changes that will be taking place in the environment. Various kind of methods are present for evaluating use of digital technology in an organisation.Quantitativeresearchneedsafinalcourseofactionthatwillassist researcher in achieving his goals and objectives. Following are some other research methods: Research design: Research design discuss about different methods and other procedures which are mainly used for analysing and recording different variable which are present in research problems. It will provide direction to researcher and in this thematic design is used.
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7 Managing Successful Business Project Research approach: These are the theories and other methods which is used in the process of research. Sampling:Researcher cannot record views of total population because it is time consuming and expensive. Sampling is choosing appropriate respondents from given options.Provability method will be become part of this research.Also a sample size of 50 is used as a basis of research. A questionnaire is prepared for collecting data: QUESTIONNAIRE Name: E – mail: Age: Gender: Question 1)In your view,digitalisation is good for Morrisons? A. Yes B. No Question 2) Will using digital technologies enhance companies’ ability to achieve its goals and objectives? A. Yes B. No Question 3). Is digitalisation and its adaptation important or vital for organisation? A. Yes B. No Question 4). What isaffectof digital technologies on organisation? A.Enhancement in customer base B. Enhancement in sales C. More market growth Question 5). Is is essential for Morrisons to modify them polices and structure as to adopt digital technologies? A. Agree B. Moderate C. Disagree Question 6).According to you, Morrisons is right in using cloud storage as a place to store its information? A. Yes B. No Question 7) What isaffectof adaptation of digital technologies in long term on companies’
8 Managing Successful Business Project operational capabilities? A.Favourable B. Unfavourable C. Neutral Question 8). Recommend ways that will assist in enhancing digitalisation in organisation ? LO 3 Data Analysis and Interpretation Theme 1:Is digitalisation is beneficial. Question1)Inyourview,digitalisationisgoodfor Morrisons? Respondents Yes15 No5 Interpretation:As it can be seen in the graph above. More than 15 respondents agreed that digitalisation is very important for a company. Morrisons will be able to enhance its capabilities to further heights once it is able to develop right structure for its operations, it will be able to attain more profits. Only 5 respondents were against the testament that digitalisation is not beneficial. Theme 2: Advantages of using digitalisation
9 Managing Successful Business Project Question2)Willusingdigitaltechnologiesenhance company’s ability to achieve its goals and objectives? Respondents Yes12 No8 Interpretation:According to this study, 12 respondents stated that digitalisation will assist companies in achieving their goals and objectives in a more effective manner. While only 8 disagreed. Theme 3: Vitality of digitalisation. Question 3).Is digitalisation and its adaptation important or vital for organisation? Respondents Yes18 No2
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10 Managing Successful Business Project Interpretation:As per this above diagram, it is important for organisations to adapt to various changes that are taking place in digital environment. 18 respondents agreedwiththefactthatdigitalisationisvitalforcompanysurvivalwhileonly2 disagreed. Theme 4: Effect of digitalisation on company. Question 4).What is the impact of digital technologies on organisation? Respondents A. By increasing number of customers10 B. By increasing sales6 C. By maximising market growth4
11 Managing Successful Business Project Interpretation:As per this graph, there are different benefits that re due to adaptation of digital techniques by organisation. Almost 10 respondents stated that it assists in boosting the number of consumers for firm while 6 said that it enhances sales of the entity and another 4 said that it will aid in boosting market growth of company. Theme 5: Importance of modification for a business. Question5)IsessentialforMorrisonstomodifythem polices and structure as to adopt digital technologies? Respondents A. Agree10 B. Moderate7 C. Disagree3
12 Managing Successful Business Project Interpretation: As per this above research, it is found that it is very important for company to make changes in its policies for making them more flexible and effective. 10 respondents agreed while others were moderate or disagreed. Theme 6: Technique for storing information and data. Question 6)Do you think that Morrisons is right in using cloud storage as a place to store its information? Respondents Yes12 No8
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13 Managing Successful Business Project Interpretation: As seen in the theme, 12 respondents stated that cloud is the future technology which will assist Morrisons in increasing its effectiveness in market. While only 8 people disagreed. Theme 7: Modification in long term. Question 7)What is the impact of adaptation of digital technologiesinlongtermoncompanies’operational capabilities? Respondents Positive12 Negative2 Neutral6
14 Managing Successful Business Project Interpretation:As mentioned in the graphical representation, it is clearly stated that there will be massive impact on company operational activities due to digitalisation. Almost 12 people were in favour of the statement and said that they know that digital technologies will make company more effective and efficient. P6 Recommendation As stated in the report, digital technology is far more important to an organisation than it is for anyone. Morrisons need to adapt a new technology which is cloud computing. This will assist people ability to access information and also communicate it inapropermanner.Basically,everytaskwillbecompletedinsetdurationas employees will be well informed in a priority. There are more than 500 stores of company in UK which need to be ran together for enhancing its capabilities. In the field of marketing each and every organisation need to connect with consumers for making sure that it is able to cater to their needs and wants in a appropriate manner. Also, digitalisation will assist organisation in establishing itself on internet. It will also aid them in reaching out to more extensive level of population and develop a better consumer base. The digital application/ mobile app need to be developed so that people can order and pick their things away from the stores. LO 4 This report was a very good learning experience for me as a researcher, it allowed me in gaining higher level of knowledge regarding technologies and their
15 Managing Successful Business Project applicationinrealtimeenvironment.TherearedifferenttoolswhichIusedfor conducting this research work. Basically,it play crucial role in completing my work in effective mannera more effective manner. The techniques which I used in this project were Gantt chart, Project management plan and work break down structure.This helped me in accomplishingeach task in a set time period, as well as in a briefer manner. There are various sources from which I collected data, such as primary and secondary. I ensured that I did not formed any constraint in the path of people and always took care of their privacy. Thoughthere were certain hindrance, such as accessibility to sites and limited time period which was allotted to me for completing this research work. CONCLUSION At the point of conclusion, it can be stated that this research work will assist companyinunderstandingtheimpactofdigitaltechnologiesonorganisation effectiveness. There is a project management plan which is developed as well as a Gantt chart is prepared to divide time to various activities. The managers need to analyse before they implement any change that is stated in the report. This will ensure that they are able to take right decisions. There are various sources which are used in this research work for collecting information in a desired manner.
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16 Managing Successful Business Project REFERENCES Books and Journal Aronson, Z. H., Shenhar, A. J. and Patanakul, P., 2013. Managing the Intangible Aspects of a Project: The Affect of Vision, Artifacts, and Leader Values on Project Spirit and Success in Technology‐Driven Projects.Project Management Journal. 44(1). pp.35-58. Baiden, B. K. and Price, A. D., 2011. The effect of integration on project delivery team effectiveness.International Journal of Project Management. 29(2). pp.129-136. Chang, V., Walters, R. J. and Wills, G., 2013. The development that leads to the Cloud ComputingBusinessFramework.InternationalJournalofInformation Management. 33(3). pp.524-538. Doherty, N. F., Ashurst, C. and Peppard, J., 2012. Factors affecting the successful realisation of benefits from systems development projects: findings from three case studies.Journal of Information Technology. 27(1). pp.1-16. Gustafson,P.,2012.Managingbusinesstravel:Developmentsanddilemmasin corporate travel management.Tourism management. 33(2). pp.276-284. Kowalkowski, C., Kindström, D. and Brehmer, P. O., 2011. Managing industrial service offerings in global business markets.Journal of Business & Industrial Marketing. 26(3). pp.181-192. Rosemann, M. and vom Brocke, J., 2015. The six core elements of business process management. InHandbook on business process management 1.(pp. 105-122). Springer Berlin Heidelberg. Saunders, M. N. and Lewis, P., 2012.Doing research in business & management: An essential guide to planning your project. Pearson. Smith, W. K. and et. al., 2012. A paradoxical leadership model for social entrepreneurs: Challenges, leadership skills, and pedagogical tools for managing social and commercial demands.Academy of Management Learning & Education. 11(3). pp.463-478. Smith, W. K., Gonin, M. and Besharov, M. L., 2013. Managing social-business tensions: A review and research agenda for social enterprise.Business Ethics Quarterly. 23(3). pp.407-442. Sparrow, E., 2012.Successful IT outsourcing: from choosing a provider to managing the project. Springer Science & Business Media.
17 Managing Successful Business Project Too,E.G.andWeaver,P.,2014.Themanagementofprojectmanagement:A conceptual framework for project governance.International Journal of Project Management. 32(8). pp.1382-1394. Young, T. L., 2013.Successful project management.(Vol. 52). Kogan Page Publishers. Online 13 Biggest Challenges When Moving Your Business To The Cloud.2017. [Online]. AvailableThrough <https://www.forbes.com/sites/forbestechcouncil/2017/06/05/13-biggest- challenges-when-moving-your-business-to-the-cloud/#523b7cf39b0e>. [Accessed on 26thSeptember 2017]. Quantitativeand QualitativeResearch Methods.2017. [Online].Available Through <https://www.skillsyouneed.com/learn/quantitative-and-qualitative.html>. [Accessed on 26thSeptember 2017].