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Essay on Managing Successful Business - Azimo

   

Added on  2020-07-23

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Managing SuccessfulBusiness
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Aims and objectives of the report...............................................................................................1TASK 2............................................................................................................................................3Management plan........................................................................................................................3TASK 3............................................................................................................................................5Gantt Chart..................................................................................................................................5Action plan for the research........................................................................................................6TASK 4............................................................................................................................................7Research methodologies..............................................................................................................7TASK 5............................................................................................................................................9Interpretation of collected information ......................................................................................9TASK 6..........................................................................................................................................16Recommendations.....................................................................................................................16TASK 7..........................................................................................................................................17Self reflection............................................................................................................................17CONCLUSION..............................................................................................................................17REFERENCES..............................................................................................................................18
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INTRODUCTIONIn the current era, technology is the fastest growing concept and due to this, there areseveral types of tools and techniques available in the market place. With respect to this, everybusiness firm wants to use and adopt smart digital tools at their workplace so that they willsignificantly produce better quality of products for the customers. Generally, digital tools andapplications can be used by the company for promoting their services at the global level.(Giesenand et. al., 2010) Therefore, this report is based on Azimo organization which is a small businessfirm that provides money transferable services to customers. In this assignment, it will identifythe actual impacts of digital tools on small business firm. Further, appropriate research will beconducted for examining the actual market trends and situation. (Hill, Jones and Schilling, 2014)TASK 1Aims and objectives of the reportProject management: Project management mean systematic arrangement of all activities. Project are temporary in their nature, company have complete their one project in given time andagain start new project for full fill future requirement. On a same time many project are run. In project routine work are not done, specific numbers of operation are include. For every project firm have make team to execute all project activities and after the completion of project team become dissolve. For preparing project report manager has take some step those are as follows: Identify project requirement Identify need and wants of the firmsSet project objectivesSelect Project formatsMake planGather information related to projectInterpretation and analysis information & data'sDrown influence Prepare project report Deliver reportRequired adjustmentFinal report.1
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These all step are provide help to project manager for preparing project report in a very effective manner. Title:“The impact of digital technology supporting small business growth andinnovation”: A case report is based on Azimo company. Aim: At this time, most of the business firm wants to get success in the competitivemarket place so that they can set their brand image as well as increase their profit level.Therefore, employers of the firm focus on using smart and digital technologies at their workplaceso that they can significantly provide better quality of services to clients as per their requirementsand orders(Veit and et. al., 2014). Basically, digitalisation has large impact on small businessfirm either positive or negative way. Due to this, it is needed to be analysed and evaluate theactual impacts of digitalisation on the small organisations through appropriate methods andtechniques. Therefore, as stated above, this report is based on Azimo company which is dealingwith money transferable services. Due to this, here will be determined and identified its effectson business. (Giordano and Fulli, 2012)Aim: To examine the impacts of digital tools on the performance of AzimoObjectives: In this report, the effects of digitalisation on the small business have beeneffectively determined. There has been chosen Azimo organisation that supply moneytransferable services and facilities to customers within minimum time period. Therefore,employers of this firm focus on using smart digital tools and techniques within the organisationso that they can understand the actual requirements of clients which they expect from enterprise.Further, they will be easy to give proper satisfaction to customers towards their needs(Woernerand Wixom, 2015). In addition to this, there will be elaborated objectives and targets of thisreport which all are stated under as follows: To examine the effectiveness of digital techniques. (Young, 2017)To critically evaluate the major factors which influence performance of Azimo. To identify the effects of digitalisation on Azimo company.2
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Illustration 1: Digitalization(Source- Young, 2017)TASK 2Management planBasically, management is an important term which is applicable within every type oforganisation because it assists in managing and handling all business activities and operations.(Smith, Binns and Tushman, 2010) With the help of management, employers will systematicallyallocate work to staff members as per their skills and capabilities so that they will effectivelyperform their tasks within better quality. While employees are working in the propermanagement environment so that respectively increase the working performance and quality ofemployees. Furthermore, appropriate management plan aids in increasing sales and profit levelof the business firm. This will support in building an effective brand image in the market. Apartfrom this, management plan assists in reducing problems and conflicts from the workplace.Hence, it is necessary to develop effective management plan for Azimo company so that itsemployees will effectively handle critical situations as well as complete every operation of thefirm in the decided time period within high quality (Den Hertog, Van der Aa and De Jong, 2010)Thus, management plan has included some stage which all are stated under follows: Scope of the project: It is one of the main step of management plan because in this stephave to be clarify the scope of study by the researcher so that employers of the can takedecisions as well as examine the several areas for the expansion of firm. Basically, thisassignment is totally based on Azimo company its dealing with money transferableservices and facilities in the UK. (Trevino and Nelson, 2016)Hence, with the help of this3
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study effectively examine the actual impacts of digitalisation on the working performanceof Azimo. In this addition, employers of the company can adopt smart digital tools andtechniques within the organisation so that they will provide high quality of services in thesmart manner. Along with this, Azimo can adopt effective communication systems atworkplace so that it becomes easy to interact with customers as well as understand theirrequirements in a systematic style. (Law, Chen and Wu, 2010)Cost control: This the second important stage of management plan which allocatesappropriate and required funds for completing the activities of the business. Due to this,here have to make effective cost control frame in which must be mention all operations inthe proper systematic style. In addition to this, effective management system aids inreducing unnecessary cost as well as controlling the wastage. Due to this, it respectivelyincreases the productivity as well as control the unrequited cost. Quality control: After allocation of necessity fund in several departments of the businessfirm then have to be set appropriate quality standards by the employees because with thehelp of quality standards they can denitrify also can compare with their actual workingperformance. It assists in increasing working quality of staff members due to this theywill significantly perform their decided targets as well as attain their goals and objectives.(Giesen, 2010) Risk management: Risk is uncertain and it can occur within the business firm at anytime. Due to this, it is necessary to implement some effective risk management plan andsystem so that employees and team members can easily manage over business activities.Generally, in which concluded different factors which have to be measure and evaluatethrough suitable methods and techniques. Hence, with the help of this report willsignificantly examine the impacts of digitalisation on Azimo organisation. Due to this,must be implement effective risk management plan in the action so that can be manageand control risk and their causes (Smith, Gonin and Besharov, 2013)Time: Generally, time is an important aspect due to this it is mandatory to be manage allbusiness activities in the proper time management firm. Therefore, must be prepare aneffective time management plan in the report in which must mention all activities withproper required time to complete them. With the help of this employees will perform4
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