Managing Successful Businesses Plan Assignment

Added on - 03 Jan 2021

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ManagingSuccessful BusinessesPlanTable of Contents
INTRODUCTION...........................................................................................................................1TASK 1...........................................................................................................................................2P1 Aims and objective of a project.............................................................................................2P2 Project management plan......................................................................................................3P3 Work-breakdown structure of Gantt chart............................................................................4TASK 2...........................................................................................................................................6P4 Small scale research by applying Qualitative and quantitative methods...............................6TASK 3...........................................................................................................................................8P5 Evaluate research data by using appropriate tools and techniques........................................8P6 Recommendation................................................................................................................16TASK 4..........................................................................................................................................16P7 Reflection............................................................................................................................16CONCLUSION.............................................................................................................................17REFERENCES..............................................................................................................................18
INTRODUCTIONDigital technology provides assistance for communicating, analysing, evaluating, anduse of information in an effective and efficient way. Digital technology consists manytechnology like cloud technology, artificial intelligence, mobile technology, internet of thingsetc. (Rummler and Brache, 2012) Mobile technology is very beneficial for small business forconducting their business activities. As its helps organisations to transfer data as it providesplatform to company so that they can share important data and information with their respectiveparties. Mobiles technology is increasing at rapid speed and it helps company to technologywhich provides simple and easy to use devices. The present project is based on Oak Cash &Carry, it is a Food and Drug store based in United Kingdom. This company is runs its business inconsumer staple industry. It offers large variety of products and supplies them to retailers,newsagent, local business offices and caterers etc. This project management plan focuses on cost,resources,scope, time, risk, quality, communication.1
TASK 1P1 Aims and objective of a projectThe aims and objective of business is complete all the given task in time and in effective,efficient manner. The growth and development of every company needs some type of innovativeideas and creative structure that could increase the productivity and performance (Sirmon and et.al., 2011). To achieve the goal and objective of the company in proper amount of time digitaltechnology should be implemented in the process of working. Mobile technology which is a partof digital world can become best way to achieve the goal of the business in a productive manner.The advantage of this technology is sharing of any type of information can be done through thesingle device at any plan in any time. So this technology helps in saving decent amount ofresources used in an organisation.Topic: “The Impact of digital technology in enhancing activities of small business”Background of Project:Oak Cash and Carry Ltd which is a small business company which deals in caterers andvarious types of local business, its is situated in united kingdom. Company chooses the mobiletechnology for the growth and advancement in their business which helps company in remainingcompetitive in the market. Mobile technology is the most flexible source for sharing varioustypes of information as it is company and very easy to use (Christopher, 2016). This helpscompany as well as customer in making and accepting the payment wirelessly. Through thiscommunication process between the client and customer also becomes very easy.Aim of research:The main aim of the overall research is “To determine the effectiveness of mobiletechnology in enhancing business growth. A case study on Oak Cash and Carry Ltd”Research Objectives:To determine the concept of mobile technologyTo identify the major challenges of implementing Mobile technology for small businessTo evaluate the importance of mobile technology for enhancing growth of Oak Cash andCarry LtdResearch Questions:1.How to determine the concept of mobile technology2
2.How to identify the major challenges of implementing Mobile technology for smallbusiness3.What are the ways to evaluate the importance of mobile technology for enhancing growthof Oak Cash and Carry Ltd.P2 Project management planProject management plan is a initial document which includes how project plan willexecute, monitor and controlled in manner to perform it in an effective and efficient manner. Itidentifies and analyse cost, scope, time, risk, resources and communication related to theimplementation and execution of project plan (Rasula, Vuksic and Stemberger, 2012). In case ofOak Cash and Carry company should make good communication and create large customer baseso that they can increase their business at large scale. This will help company to enhance theirprofitability and productivity. For this company should use mobile technology as it has enhanceddevices for performing multi tasking. Now theses device have access for GPS navigation, instantmessaging and internet browsing. Portable computer devices helping in popularising mobiletechnology. Project management plan for using mobile technology for increasing productivityand profitability of company. The following factors are to be considered while implementing theproject: sCost:This is very vital for an organisation to analyse and determine the cost whileadopting a new technology in their business. As implementation of new and differenttechnology. For Oak Cash and Carry, it refers to the whole amount which company has to spendwhile adopting and implementing mobile technology in their business processes and operation.Mobile technology is available at economic cost for the company and it will provide benefits tothem in long term growth.Scope:Scope explains the future growth results of mobile technology for the company.Oak Cash & Carry needs to identify and determine the up coming trending of mobile technologyin industry which will be beneficial for the company in enhancing their growth. This will helpcompany in achieving efficiency and high level of productivity, enhanced network capabilities,increase communication at work-place (Prajogo and Olhager, 2012). It will assist in acceptingwireless payment as it will make payment process transparent and fast. This will give access toconsumers to applications for availing their services in easy way.3
Time:Every technology takes time in implementation as it requires to changeinfrastructure and current working business processes in company. In context to Oak Cash &Carry, implementation of mobile technology will take less time as compare to othertechnologies. This will save time of company while doing their business activities as it willreduce time for making transaction and in communicating with staff members etc. forimplementing this project plan company will take 5 to 6 months.Quality:Quality of the technology is an important factor to consider while applying it atworkplace. Oak Cash & Carry should analyse that the mobile technology which they areimplementing is favourable or unfavourable for the company (Brewster and Hegewisch, 2017). Ifit is good for the company then it will help company in managing their business processes andactivities in an efficient manner which will help them in achieving higher growth.Communication:Mobile technology will provide two communication among employeesand management of the Oak Cash & Carry. It will help in making good communication by usingGPS devices and other mobile devices.Risk:Implementation of mobile technology have minimum risk. As every one is familiarwith use of mobile technologies. There is no need to provide training for using this at workplaceand it also provides security of data and information.Resources:Resources for implementing mobile technology like infrastructure, internetserver for providing high speed internet connection etc. Oak Cash & Carry, will need funds forimplementing the technology in their business. For this they can arrange required funds fromfinancial institution like bank.P3 Work-breakdown structure of Gantt chartThere are two techniques through whichOak Cash and Carry Ltd can carry out differentactivities to perform various tasks in an organisation in a productive manner which are asfollows;Work- break down structureThe technique in which the larger or major task are divided into smaller task andcomponents and then working is done on those task which helps improving the productive of thecomplete task is known as work- break down structure (Pollock, Wick and Jefferson, 2015). Themain objective of applying this technique is to make the project easier to manage and deliverable4
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