Managing Successful Business

Managing successful Business

INTRODUCTION
Advancement in technologies has changed the scenario of business. These advance
technology supports business unit in their growth and sustainability as well. Small and medium
organization is contributing well in the economy development of the nation. Use of technologies
support business in improving their operational efficiency (Zumitzavan and Michie, 2015). It
helps in brining innovation and development of firm. The main aim of the current study is to
analyses impact of digital technology on small business growth and innovation. Present report
will produce project management plan by considering cost, scope, time and quality. Data will be
collected in respect to impact of digital technology and this information will be interpreted in this
assignment for analysing effectiveness of technologies. At the end of the study reflection will be
undertaken in which learning and performance of the researcher will be described.
TASK 1
P1 Aim and Objectives
Background of the study
Introduction of digital technologies have completely changed the functioning of the
business units. These advanced technologies helped the organization in conducting their
operations with the rapid speed. Small businesses are performing well in the market. Their
main aim is to attract more customers and offer them satisfactory services and products. It is
only possible when company implements digital technologies in the workplace (Smith and
Lewis, 2011). It can support firms in improving operational efficiency and can bring
innovation in the workplace. By this way corporations can provide satisfactory services to
consumers and can meet with their needs. Digital platform is considered as one of the best
way through which performance of the company can be boost up. Though implementing
these advance technologies in the workplace requires huge investment, due to which
operational cost of the firm can be increased. It is very difficult for the small firms to
implement this digital technology in the organization because it can increase their cost. But
use of smart phones, internet, computers can help these small firms in making good
communication with the consumers and attracting them towards the brand (Soni and Kodali,
2012).
Restaurant industry is facing huge competition, there are many big restaurants such as
Hilton, Marriott hotel etc. those which are operating their business digitally. They coordinate
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with the guest through internet and website. This helps in analysing their needs and making
changes in the operations so that company can meet with their expectation (Borghoff and
Pareschi, 2013). Black Penny Restaurant is working at small scale in the United Kingdom.
By bringing digital technologies in the organization cited firm can enhance its revenues and
can compete in the market to great extent.
Aim
“To analyses effectiveness of technologies on business growth and innovation of small business:
A study on Black Penny Restaurant UK.”
Objectives
 To explain conceptual frame work of digital technology
 To determine significance of digital technology in bringing innovation in the
organization.
 To identify interrelationship between innovation in business and digital technologies. To recommend ideas through which small business can bring innovation in organisation.
Research questions
 Explain conceptual frame work of digital technology?
 How digital technologies are important in bringing innovation in the organization.
 What is the interrelationship between innovation in business and digital technologies?
P2 Project management Plan
It is the planning of the entire project that helps the researcher in scheduling activities in
effective manner. It is the great tool through which scholar can complete its project within
stipulated period of time
Task Name Duration Start Finish Predecessors
Conduct investiga-
tion 99 days Fri 3/1/19 Wed
7/17/19
Design the plan 23 days Fri 3/1/19 Tue 4/2/19
Research topic se-
lection 9 days Fri 3/1/19 Wed
3/13/19
design problem
statement 7 days Thu 3/14/19 Fri 3/22/19 3
Allotment of re-
sources and set the
time frame
7 days Mon
3/25/19 Tue 4/2/19 4
Activities imple- 65 days Wed Tue 7/2/19 4,5
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mentation 4/3/19
design literature
review 15 days Wed 4/3/19 Tue 4/23/19 5
develop research
methodologies 14 days Wed
4/24/19
Mon
5/13/19 7
cost calculation 8 days Tue 5/14/19 Thu 5/23/19 8
analysis and inter-
pret the collected in-
formation
18 days Fri 5/24/19 Tue 6/18/19 8,9
Evaluate outcome 10 days Wed
6/19/19 Tue 7/2/19 10
project wind up 11 days Wed
7/3/19
Wed
7/17/19 11
conclusion and
recommendation 8 days Wed 7/3/19 Fri 7/12/19 11
outcome docu-
mentation 6 days Wed 7/3/19 Wed
7/10/19 10,11
final submission 3 days Mon
7/15/19
Wed
7/17/19 13
Gantt chart
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Project management plan is required to pay attention on the several key aspects. These
are as following:
Cost: It is considered as one of the most essential element of any project. If individual
dies not have adequate finds then it creates issue for project manager (Bulgurcu, Cavusoglu, and
Benbasat, 2010). In the absence of satisfactory monitory resources scholar cannot meet with the
objective of the study. For completing this project researcher will have to invest amount in
transportation, printing and stationary etc. It is essential to have adequate amount so that
individual can collect data and can complete this project within stipulated period of time. In
order to conduct this study scholar will require 400 Pound. 100 Pound will require for printing
and questionnaire, 50 Pound will be needed for data collection, transportation cost would be 80
pound. Uses of software for data analyses will require amount 170Pound. Apart from this,
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