Managing Successful Business | Project
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Added on 2020-06-03
Managing Successful Business | Project
Added on 2020-06-03
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Managing SuccessfulBusiness Project
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Research aim and objectives..................................................................................................1P2 Making project management plan..........................................................................................3P3 Work break down structure and Gantt chart to providing time frame...................................5TASK 2............................................................................................................................................6P4 Carry out quantitative and qualitative research.....................................................................6TASK 3............................................................................................................................................9P5 Analyse research and appropriate tools and methods............................................................9P6 Recommendation and findings............................................................................................15TASK 4..........................................................................................................................................15P7 Self reflection on the research..............................................................................................15CONCLUSION..............................................................................................................................16REFERENCES .............................................................................................................................17
INTRODUCTIONDigitalisation is generally known as the procedure which help in transforming all the dataand information in some digital format, where information are managed and arranged in bettermanner. In this context, small scale business organisation, it is necessary for company is usedigital technology which help in providing their effective goods and services in easy manner. Itis not useful for software in this sector but it can determine innovative and creativity in the firm.After adopting digitalisation, organisation can design or frame their products and goods in bettermanner along with this they are also able for offer desired services and facilities to theircustomers. Advancement in technology help in reducing the time and minimise the wastage thatwill lead towards achieving high level of productivity in the company. With the assistance ofdigital technology, organisation can easily provide effective and efficient facilities to theircustomers (Broekx and et. al., 2011). This project is based on Softwire company which isnetworking tunnelling products and they are providing better services to their customers. Thecompany major aim is to increasing communication facilities in the small business enterprises inthe united kingdom. It is small scale company that are try to adopt digital technology which helpin providing best services and facilities to their buyers. In this report, understanding the aim andobjectives of company along with project management plan, work breakdown structure withsmall scale research. TASK 1P1 Research aim and objectivesDigitalisation has creating positive impact on business organisation with each person oran individual. For small business organisation, it is necessary for them is to adopt moderntechnology which help in providing effective and efficient services to their customers in themarket place. The concept of digitalisation is used by Softwire company and its main purpose isto increasing quality of their serving goods and presenting products. With the assistance of thisprocess, they are capable for capturing the eye of customers in large market area which attractingmore customers towards effective goods and products (Denzin and Lincoln, 2011). Digitalisationprovide assistance for managing small business marketing, financing, accounting andcommunication impact that can easily sort with the help of advance features, communicationmethods, networking for grab and identify the benefits of digital technology development.1
Therefore, small size sector will able for considering the application of modern technology in theprocedure of planning. For adopting this, company can make effective operations and functionalactivities for gaining high success and growth in future time period, digital technology help firmfor gaining competitive advantages. Background of project:An organisation need to adopt different alteration that are related to time where variousmodern technology of innovative services or facilities correct position in the externalenvironment. Digital technology is important for manufacturing their innovative products andservices that assist in increasing small business growth in the large market place. It help indeveloping and making effective business operations and functions in which all goods andservices are require to produce and satisfy all demand and needs of the customers. Along withthis, it is not necessary for all people is to transfer all essential data and information which areeasily managed by electronic mails that can be done by financial divisions. It is also required toselect data technology which mainly secured the outside individual interference that can bereduced at the same time period. With the assistance of digitalisation, company willappropriately promote their effective goods and services among customers of all the differentnations (Fleming and Koppelman, 2016). Also they are providing accurate information abouteach goods in proper manner. There are various types of products and items that has beenproduce by organisation person for fulfilling all needs and demand of buyers and it will assist insupporting the small business growth and success. In addition to this, social media and mobiletechnology assist in connecting with different individual with each other in all over the world. Atthe time when an organisation introduce innovative project which have some common aims,objectives that are necessary for monitoring the entire business functions and activities in bettermanner. Topic- “Impact of digital technology on supporting small business growth and innovation”Aims- The basic motive of this firm is to became “the symbol group of choice” for specificretailers. They also require for doing particular work which help in developing and making newinnovative goods with the help of different promotional channels such as television,advertisement and so more. The project has different aims that are as follows:2
They require to develop and making creative or innovative based products and services totheir buyers in proper manner. They generally try to help in delivering various types ofgoods and services which target particular team people. The appropriate changes has been done as per the demand of desired customers and alsoneed to make alterations for attracting large number of customers. Objectives:To determine the direct impact on innovation activities and growth of firmTo identifying the digitalisation which impact on innovation and growthTo assess the implementation and preparation of business on digital technologyResearch questions:Why digital technology affect on company growth and innovation?How the digital technology is implementation on business?How the innovation activities and organisation growth is effective?P2 Making project management planIt is essential for formulating and developing project management plan for projectdevelopment groups and some other developers. It will help in conducting appropriate researchwithin an enterprise. Project management plan assist in determining different things such as time,scope, cost, quality, risk, communication procedure which can be followed and all the majorresources are used for setting better position of specific project (Geraldi and Lechter, 2012). Itwill help the investigator for saving their time and they require to decide that they need toanalyse appropriate situation and condition. There are several project management plan that aredescribed as follows:Scope- It is necessary for company is to understand different innovation functions andactivities that are required to satisfy all needs and demand in proper manner. Along withthis, research on small scale organisation which is essential for evaluating the impact ofdigital technology in effectively. It is correct method and techniques which canrecommended by company for analysing entire data and information. It will advisable byinvestigator for determining all major areas that can provide better result or outcome forachieving desired goals and targets. Cost- For developing any project, cost is necessary for doing planning in advancemanner. There are different things which is important for doing planning relates to3
costing in advance such as Gantt chart, data analysis (Hirshkowitz and et. al., 2015). ITsystems, making questionnaire and taken assistance of experts. In formulation of eachproject, it is necessary to assign correct budgets of such functions and activities. Whilemaking developing innovating products, cost is required during its procedures. It is alsonecessary for accomplished with project at given period of time. Quality- At the time of market research, it is required for developer is to create and makeeffective techniques that can be used by company in better manner. Along with this, allthe common activities and functions need to be completed in qualitative way which helpin providing accurate results or outcomes. For doing appropriate research, it is required toclear their desired aims and objectives which are totally based on specific topic. Thisproject is related to digitalisation which assist them in improving their company methodsand techniques that are determining the actual goals and objectives. An organisation cangetting accurate growth which provides quality based goods to their desired customers inbetter way. Also this will provide correct result and increasing productivity orprofitability of the company effectively. Risk- When an enterprise begin any project so there are different risk that occurs in theresearch time. Such risk create and make barriers for completing the project at given timeperiod. The most essential task or work is to arise while company will continuing theinvestigation at the same time. At the time of developing innovating products, risk isoccurs for making some issues and problems within an enterprise. Apart from this,company can face growth that are related to risk which can reducing the profitability andgoodwill of firm in the large market place (Hwang and Lim, 2012). They are settingstandard for assuming specific risk which assist in analysing the rivals full information. Time- It is essential for each and every project is to consider the timing for completingthe specific project activity at the level of reports. Along with this, effective schedulinghelp in completing project in better manner. An organisation will providing 25 days forfinishing particular projects. Small business can doing specific for innovative products inlimited time period and they are offering goods to their customers at the large marketplace. Communication- It is required for firm is to communicate with firm employees that arerelated to growth and innovation activities. They need to select best channel of4
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