Research Project on SME and Digitalisation Technologies
Added on -2020-07-23
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Research Project
Table of Contents CHAPTER 1: INTRODUCTION....................................................................................................1 1.1 Overview...............................................................................................................................1 1.2 Background...........................................................................................................................1 1.3 Significance of research........................................................................................................1 1.4 Aims and objectives..............................................................................................................1 1.5 Research questions................................................................................................................2 1.6 Gantt chart.............................................................................................................................2 CHAPTER 2: LITERATURE REVIEW.........................................................................................3 2.1 Impact of digital technology on Ensoft organisation............................................................3 2.2 Importance of digitalisation for earning high profitability...................................................3 2.3 Issues and problems which occurs in an organisation..........................................................4 2.4 Implication of digital technology on SMEs..........................................................................5 CHAPTER 3: RESERACH METHODOLOGY.............................................................................6 3.1 Type of research....................................................................................................................6 3.2 Research design.....................................................................................................................6 3.3 Data sampling........................................................................................................................6 3.4 Methods of data collection....................................................................................................7 3.5 Ethical consideration.............................................................................................................7 CHAPTER 4: DATA ANALYSIS..................................................................................................9 FINDING AND ANALYSIS...........................................................................................................1 CHAPTER 5: CONCLUSION, REFLECTION & RECOMMENDATION.................................2 5.1 Conclusion.............................................................................................................................2 5.2 Reflection..............................................................................................................................2 5.3 Recommendation...................................................................................................................2 REFERENCES................................................................................................................................4
Title: “The implications of digital technologies on Small Business Enterprises”: A case study on ENSOFT Organisation. CHAPTER 1: INTRODUCTION 1.1 Overview In current time period, every organisation make and develop research before they take any step in the large market place, also they formulate better strategy and policies which help company for attaining their desired goals and objectives in better manner. For small business, it is necessary for identifying the impact of digital technology on their business operations and its functions. SME and digitalisation technologies analyse and examine the new level of technology which create impact on their business management (Cascio, 2018). An organisation need to focus on their latest trends and develop effective business models which help in achieving scalability in their business and they need to change in customers taste and preferences and mainly focus on digitalisation which help in becoming key development success to the business. 1.2 Background Generally, research has been develop in the market which assist in gathering and collecting correct and necessary data and information for the sector and convert them for using this in collecting data in effective way that manipulates the company for performing in higher way. For determining the implication of digital technology on small business enterprises is required for the firm. They also need to use or adopt latest technology and method which help them in gaining maximum profitability. Thus, employees use these techniques for enhancing their skills and abilities which help in earning more income and revenue in better manner. 1.3 Significance of research The main objective of this research is that analyse those areas where they need to establish effective and latest technologies. Another is that they required to understand the effect ofcustomerswhileusinglatesttechnologybasedproductsandgoodsinbettermanner (Armstrong and Taylor, 2014). For achieving such target, they need to analyse the appropriate methods and techniques which are useful for determining the impact of digital technologies on the small business functions. 1
1.4 Aims and objectives Aim: “To determine the implication of digital technology on small business enterprise”: A case study on Ensoft organisation. Objectives: To analysing the impact of digital technology on Ensoft organisation To determine the importance of digital methods in gaining huge profits To determine the implications of digitalisation on small business enterprises To ascertain the issues and problems which occurs within an organisation 1.5 Research questions Elaborate the impact of digital technology on Ensoft company? Evaluate the importance of digitalisation for earning high profitability? What are issues and problems which occurs in an organisation? What are the implications of digital technology on SMEs? 1.6 Gantt chart This is that thing which assist in developing correct schedule of entire project and it will help in achieving specific task at each aspect. Usually, it is something which can demonstrate the things in accurate manner and it is necessary for them is to complete the project on desired time period. Along with this, it will also show the beginning to ending date of project which assist in completing activity on given time which does not consider the needed terms and conditions. Also, company manager require to divide the work in different department which help in smoothly run the business and functions that is important for projects and they required to attained basic objectives. There are various benefits and points which are describe as under: Communication– It is necessary for every employees is to make proper communication in their division among their work according to their roles and responsibilities which assist them in completing each activity in better manner (Berman and et. al., 2012). Time management– Make a proper time schedule which can assist them in maintaining units of their teams and also managing different activities and functions of the business. Coordination –In an enterprise, each and every staff member required to do work for making effective coordination and manager should motivate them which help them in achieving all major task or work in proper manner. 2
Understanding –Gantt chart is that which help in providing clear and specific data or information by which task has to be completed in many dates which can not highlighted the major activities or functions. Therefore, it will assist the investigators for understanding the full data and information which make them clear about what they need to be perform in given time frame. CHAPTER 2: LITERATURE REVIEW 2.1 Impact of digital technology on Ensoft organisation Digital technology is that method which is used for changing the business model and provide new income or revenue for gaining high level of opportunities. Some impact of digital technology which effect the business of Ensoft organisation that are described as under:Increasing in income– For adopting the digital technology, the business can effectively run the whole process of company in better manner. The up-gradation of digitalisation and online presence can provide important opportunities for small business enterprises for growing and increasing their top line (Bratton and Gold, 2017). Ensoft organisation shift towards e-commerce platform which hep them in enhancing their sales for allowing SMEs to access the new customers in local and foreign market place.Availability of broad customer base– Increasing in digital engagement which allow SMEs for exploring the new market area, enable them for complete the greater giants in the specific sector. Along with this, e-commerce providing cost effective solutions for an organisation in big cities and rural places so they easily connect with customers in better manner.Operational efficiencies– It is necessary for organisation is to access the e-commerce platform which allow small business enterprises for reducing the overall income or revenue by optimising the marketing and operational value in better manner. Poor infrastructure and inadequate finances– It is that issue which impact on business operations and its major functions in better manner. Along with this, small business required to maintain their infrastructure and insufficient funds which help them in earning maximum profit and income. 3
2.2 Importance of digitalisation for earning high profitability Digitalisation help in exploring and analysing the business models which is used in digital technology, devices and techniques for getting various benefits in better manner. Digital technology can simply explaining the techniques and methods which help in making high amount of profitability and income. For this, digitalisation required to do effective improvement and changes which assist in earning maximum revenue in better manner. Digital technology help in providing effective services and facilities to make changes (Boxall and Purcell, 2011). This will help in improving the business operations and its functions and also company use or adopt this for producing effective products and services which offer to their customers. For using digital technology, the cost of firm products will be reduces and decreases in current loss amount.Withthehelpofthistechnologyandtechniques,thiswillassistinimproving accessibility and provide better services for exchanging the world wide situations. This will aid company for improving the efficiency of business procedures, quality, consistency and quality which is based on level of profitability. With the assistance of using some digital technology, Ensoft make innovative and unique products which attract large number of customers and help in earning huge amount of income. It will also help in maintaining flexibility and stability among staff members in better manner. 2.3 Issues and problems which occurs in an organisation Small business enterprise and their owner managers are facing one or more potential level of disputes and conflicts that includes employees, teams, organisation and large issues. There are various issues and problems which arise within an organisation that are describe as under:Employees Issues– An individual employees problems and issues that can create conflicts, supervisor issues, company structure oriented. Management should learn the major problem which try to eliminate in this company (Guest, 2011). Company need to provide basic services and facilities to their staff member by which they easily manage their work and help in achieving desired goals and objectives.Lack of skilled workers– In an organisation, there are very lack of skill employee which are not available in the market place so it is creating risk for the firm. For adopting effective technology, it is necessary for company is to hire skilled employees which assist in implementing new and latest techniques within an enterprise. 4
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