Impact of Digital Technology on Business
Added on 2020-06-04
24 Pages5517 Words111 Views
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MANAGING SUCCESSFULBUSINESS
Table of ContentsTITLE: “The impact of digital technology on small business growth and innovation – A casestudy on Small White Elephant.”.....................................................................................................1TASK 1............................................................................................................................................1P1 Aims and objectives for the study..........................................................................................1P2 Project management plan with including cost, scope, time, communication, risk andresources......................................................................................................................................2P3 WBS and Gantt chart.............................................................................................................3TASK 2............................................................................................................................................5P 4- Carrying out small scale research by applying qualitative and quantitative researchmethods appropriate for meeting project aims and objectives for the organisation....................5TASK 3 .........................................................................................................................................12P5 Research and data for appropriate tools and techniques......................................................12P6 Recommendation and conclusion........................................................................................14TASK 4..........................................................................................................................................16P 7- Reflecting on the value of undertaking the research to meet the stated objectives and ownlearning and performance. ........................................................................................................16TEMPLATE...................................................................................................................................16REFERENCES..............................................................................................................................20
TITLE: “The impact of digital technology on small business growth andinnovation – A case study on Small White Elephant.”TASK 1P1 Aims and objectives for the studyBackground of the studyDigital technology is important aspect that assists to accomplish desired results insystematic way. With this regard, different kinds of information develops that create more profitsand revenue at workplace. There are several activities has been promoted which perform by theorganisation to manage work in proper way (Valentine and Stewart, 2015). Furthermore,different tools and techniques considered that helps to increase performance of the company insystematic manner. Internet access enhances through several activities at workplace. Digitalskills are also requires at all level of the business to promote products and services in thebusiness. It assists to make sure that goals and objectives will be develops in the systematicmanner to attain competitive advantages. It increases efficiency, sales, etc. Hence, organisationable to create their outcomes for economy development. Rationale of the studySmall White Elephant is the small sector business that promote their operations andfunctions in small areas of cafe. They determine advance technology to deliver creative productsand services in the market. In the selected business, manager need to concentrates on the Wi-Fiservices through they are able to attract several people easily (Charles and Pollock, 2015). Ithelps to create attractive image of the organisation to youth customers. Brand images of thecompany also enhances that assists to ascertain more creative functioning in it. Digitaltechnology promote products and services to meet with current demand and requirement of thebusiness in systematic manner. Aims and objectivesAim: “To analysis impact of digital technology which create growth and innovations in the smallsector business – A Case Study on Small White Elephant”. Objectives:To assess the concept of digital technology on the small business enterprise. To identify importance of digital technology to make high growth of small business.
To demonstrates interrelationship between digital technology and growth of Small WhiteElephant.To recommends ways through innovation will be increasing in the selected business unit. Research questionsWhat is the concept of digital technology on the small business enterprise?What are the importance of digital technology to make high growth of small business?What is the relationship between digital technology and innovations in chosen business. What are the ways you recommend to increase performance of business?P2 Project management plan with including cost, scope, time, communication, risk and resourcesIn the selected business, structure determine important activities in the systematicmanner. It is the systematic process in which desired goals and objectives will be accomplish. Itincludes following elements to implement creative process:Cost: In respect to develop effective results, aims and objectives need to be set as per thedesired amount of cost. It is the systematic process in which researcher able to getrelevant information at workplace. In addition to this, activities also develops as per theprimary and secondary information (Mackey and Gass, 2015). It requires £680 to carryeffective results at workplace in systematic manner. Risk: In the present study, there is high risk take place due to limited time and cost. Itcreates several difficulties to ascertain more creative functioning in the business. It is thebest way in which participants also unable to understand the questions that are set byresearcher. It is the another risk take place in the business which impact negatively on theoperations (Farrokhyar, Amin and Reid, 2014). Scope: Further, effective results also determines effective implementation of digitaltechnology at workplace. It helps to create high growth of the small sector business thatincreasing profits and revenue at workplace. Innovations are also develops in the marketto increase their profits (Novikov and Novikov, 2013). Resource: In respect to develop effective research, it has been noted that aims andobjectives will be develops in proper manner. There are primary and secondary tools hasbeen used to carry the relevant information at workplace of Small White Elephant (deBrún, O’Reilly-de Brún and MacFarlane, 2016).
Quality: Quality is another important tool that assists to measure outcomes and results insystematic manner. In this regard, more profits and revenue will be develops atworkplace. Therefore, the chosen organisation attain more effective results at workplace.Primary information helps to gather fresh and qualitative information. In addition to this,secondary information assists to analysis previous research program through assessoutcomes in systematic manner. P3 WBS and Gantt chartIllustration 1: Work Break Down structureIn respect to determines the creative results, WBS and Gantt chart has been prepared toascertain effective functioning. There are several elements included that assists to frame effectiveresults at workplace. Activities are also designed that need to be accomplish in systematicmanner. Task NameDurationStartFinishPredecessorsResearch Project Mon 12/18/17Planning Wed 12/20/17Finding of the topic 3 daysThu 12/21/17Mon 12/25/17Statements of problems 1 dayThu 12/21/17Thu 12/21/171Time frame and allocation of resources 2 daysFri 12/22/17Mon 12/25/172Implementation Fri 12/22/17
Literature review 5 daysSat 12/23/17Thu 12/28/173Selection of correct research methodologies 1 daySun 12/24/17Sun 12/24/174Data analysis and interpretation 2 daysSat 12/23/17Mon 12/25/175Evaluation of results and outcomes 2 daysSat 12/23/17Mon 12/25/175Project closer Giving conclusion and recommendation 1 dayWed 12/27/17Wed 12/27/176Results of documentation 1 dayThu 12/28/17Thu 12/28/177Submission of report 1 daySat 12/30/17Sat 12/30/178Illustration 2: Gantt chart
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