TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 Literature review-.............................................................................................................................2 Description on the methodologies...............................................................................................6 Draw a plan of implementation for research specification.........................................................8 CONCLUSION................................................................................................................................9 RECOMMENDATION...................................................................................................................9 REFERENCES..............................................................................................................................11
INTRODUCTION The technical advancement creates value in business models, customer experience and internal capabilities that brings significant growth in enterprise. In present market, it is very important to have proliferation of new digital technologies in firm so that entity can able to run business function in well expertise mode (Angell and Kraemer,2017). It is very important to deal with the challenges of digital technologies as its have majoraffects on culture, efficiency and relationship of business.With use of effective tools of digital technology, firm is able to undertakes the activities of business as are access, manage, integrate, evaluate and create information in effective manner.It has both tangible and intangible benefits that leads to make money and produce result which helps to enhance customer demand. The research aims to undertake the various activities which will be helpful in relation to process the activities of firm in effective manner. The present assignment covers the activities that determine the impact of digital technologies so that business function can perform its activities in expertise manner (David, David and David, 2017). The main aim in order to adopt the process of digital technology is to have smooth flow of working in business enterprise. The idea of implementing the digital technologies in firm is one of the effective method to earn desire amount of profitability.The current research work is based on the use of digital technologies by the retail industry of UK with a specific consideration of Tesco, being a popular retail enterprise. Aim- To analyse the importance andoutcome of technological advancementonretailbusiness activities. “A case study on use of digital technologyby Tesco”. Objectives- To determine the concept of digital technologies in Tesco. To access the impact of technological advance on the business activities of Tesco. To identify the advantages of digital technologies to Tesco. To recommend the ways in which Tesco can follow a proper digitalisation process in order to perform business activities. Research question 1.What is the concept of digital technologies in retail industry of UK? 2.How technological advancement impacts upon the business activities of retail entities? 1
3.What are the benefits of using digital technologies to the retail organisations of UK? What is rational The main objective of technical advancement is to perform effectively so that entity can get the high amount of profitability by performing well. Implementation of technical advancement in business enterprise leads to have smooth operation so that sustainability can be maintained.Thus, idea of execution of digital technologies in firm is one of effective method to earn desire amount of profitability. The technological advancement will be helpful to ensure fast services so that growth of the firm can be achieved (Hapsari, Stoffers and Gunawan, 2017). The digitalisation is having the strong impact on the performances of the firm. It is assistivein termsto determining potential growth so that brand reputation of an enterprise can be enhanced.Thisactivities aids to have enhancement in firm functioning so that there can be improvement in existing product and services.With the help of digitalisation, the firm is able to get the desire success in the market. Thus,its also assists to maintain securityof data so that things can be protected from being violate. By having fastest development in organization and effective productivity allow entities to do well with workers and reduction in pay rolls. The technology is one ofeffective tool tocreate innovation in product and services so that firm can able to manage the operational functions. Literature review- The digital technologies play a vital role in determining the success of the firm. It is need to be conducted in the following manner as are- 1.To determine the concept of digital technologyin UK retail sector In this,Itani, Agnihotri and Dingus(2017) states that digitaltechnology works as to transferring of the information with the help of satellite which is very helpful to have the communication to survive the operations of retail based firms in the market.This is assistive in terms to have fastest development in market.Moreover, digital technology works as to perform business function appropriately by having innovative tools and techniques. In contrary toKieckhäfer,WachterandSpengler(2017),technologicaladvancementwillprocess function of business in better mode by encouraging the use of new and innovative business models that leads to improve errors and experience of employees. Furthermore, providing high amount of portability and flexibility to firms by implementing technical advancement leads to have expansion of business activities (Digital Transformation Benefits for Businesses – 2
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iCorps, 2018). In addition to this, such transformation will assist to improvize competitiveness in marketplace. Herein, every enterprise wants to perform smarter, faster so that entity can able to enhance its productivity scale. To do this, it is essential to have innovative solutions that ease customer satisfaction and loyalty.With the help of digital technological function, the firm can perform its business activities in the effective and efficient manner. As per the view ofOlson and et.al.(2018), digital technology assists as to perform the function of business in the timely manner so that expansion of firm can be possible. According toRoss and Lozano- Rojas(2017), digital technology also plays the vital role in order to bring innovative facilities to enable the firm in achieving its desired success. By having transformation of digital services in the enterprise, the firm can operate its business function in the expertise manner.Tomczak Reinecke and Kuss(2018) pointed out that the digital technology is helpful to process the information of firm from one place to another so that activities of the firm can be done in the proper manner. In contrary toPriem, Wenzel and Koch(2017), digital transformation is the well-known concept in the present environment of business. The various business enterprise is taking effective steps to adopt technologies as are Big data, mobility, analytics and cloud computing etc. The technology is one of the effective tool in relation to create innovation in product and services so that firm can manage the operation of entity in effective mode. It is helpful in order to bring the innovation in the market so that firm is able to produce goods and services as per the choice of customers. These kinds of the activities are helpful in order to maintain as well as to create the brand image in the market. This will be helpful to ensure desire growth in the enterprise. There are various kinds of the digital technological tools as are social media, cloud computing etc. These all are helpful in order to determine the future growth of firm. This kind of factor will bring the desire profitability in the business enterprise. The quality is one of the important factor which is need to be maintain in order to ensure desire profitability in the enterprise. Without this the firm is not able to attract customer in the marker. These kinds of activities are helpful in relation to achieve the desire growth in the market. To access the impact of technological advancement on the businessactivities of UK’s retail industry According to the view ofMöller and Halinen(2018), digital technology has the ultimate impact over the growth of the firm. It works as to transmission of digital services so 3
that high amount of profitability in the firm can be achieved.According to the views ofKang and Kim(2017),advance technology consist dealwith thelatest trends of thefirm.In positive aspect, it can be saidthat the digital technology is evolved with number of changes in current trends as well as patterns of technology. This is helpful in having the quality advantage in the business activities.Hunt(2017) pointed out that digital technology ismost important element in whole process so thatthe activities so thatenterprise easily operate their functions and impelling manner. With the help of this the organisation willeasily increases their profits and revenue.The digital technology is taking various kinds of initiatives in order to develop the process of business rapidly. There are various kinds of the digital technological tools as are social media, cloud computing etc. These all consist mostimportant role to make high future growth at workplace. In contrary toGregory, Ngo and Karavdic(2017), technological innovationthere can be possibility to have effective growth in the market. Digital technology is one of the effective tool in order to have increment in the sales profile of business enterprise. In this there is bio- metric system which is helpful in relation to track the performance of employees as well attendance of individual. The digital technology is taking various kinds of initiatives in order to develop the process of business rapidly. According to the view ofHapsari, Stoffers and Gunawan(2017), this is one of the effective tool which is helpful in relation to process the activities of the firm in effective manner. The quality is that part of the organisation which is need to be maintained in order to achieve the desire success in market. The customer are assets to the firm, in this manner with the help of implementation of technological advancement the entity can operate its business function effectively. Moreover, the digital technology is very helpful to set out the meeting with global partners on the facility like internet it works as to save the cost of the firm and operate the function of firm in effective manner. In contrary toKieckhäfer, Wachter and Spengler(2017), digital technology works as to bring flexibility in the operation of the firm so that activities need to be done in the expertise manner. These are the things which works as to achieve the desire success in the market. FurthermoreItani, Agnihotri and Dingus(2017), stated thatdigital technologiesdevelop positive results to deal with the future and current trends of the market that increase operations and functions in appropriate manner.As per the view ofOlson and et.al.(2018), digital technology assists as to perform the function of business in the timely manner so that 4
expansion of firm can be possible. According toRoss and Lozano-Rojas(2017), digital technology also plays the vital role in order to bring innovative facilities so that the things can be performed in the expertise mode. Moreover,Tomczak,Reinecke and Kuss(2018), explored their ideas thatdigital technology is crucial technique which is helpful to managing overall things n efficient mode so that firm can able to run its activity in appropriate mode. The technology works as to improve the overall productivity of business. The main aim of any firm is to have expansion in the profitability whichincreases sustainability for longer time.In contrary toPriem, Wenzel and Koch(2017), the one of the major disadvantage in relation to digital technology is that the number in human capital is declining increasing which is causing the issue of unemployment.Möller and Halinen(2018) pointed out that the term technology referred as practical application of scientific knowledge so that usefulness of goods and services can be enhanced. According to the view ofKang and Kim(2017), digital technology is one of the crucial element which works as to increment in processofbusinessactivitieswhichisinclusiveofthingslikemanufacturing,selling, marketing, distribution and recording etc. These kinds of things are very helpful in order to have business growth. As per the view ofHunt(2017), modern tools and equipment’s are very helpful because its works as to utilise the natural resources at the optimum level. The digital technology is essential to in relation to stimulate the business growth of retail enterprises in UK. In contrary to which,Gregory, Ngo and Karavdic(2017) have stated that there are various kinds of emerging technologies as are bio-technology, artificial intelligence etc. are the best among all the kind of modern technological equipment’s. Theimplementation of digital technology assists to make highgrowth in business, the entity is not able to process without any advanced communication technology in business enterprise. The digitalisation is having the strong impact on the performances of the firm. It is helpful in determining the potential growthin the areas where business operates successfully. Development in the technologies the firm can able to boost its activities. Theseactivities develop there operations and functions which enhancethe activities of the retail based firmso that digital technology assists to increase effect on existing product and services in the market.Camilleri(2018) Pointed out that digital technology is helpful to save money and cost on labour due to which financial strength of organisations like Tesco can be enhanced. The technological advancement will be 5
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helpful to have elimination in the wastage of resourceswhich assists to increase successful operations thatoperate its business function in expertise mode. In contrary to which,Kang and Kim(2017) states that the digital technology is very helpful to enrich the business growth so that desire objective can be achieved. Description on the methodologies. The research methodology section is one of the effective tool which defines the direction to perform activities of firm. Under this many ways are given which will be helpful to operate the function of business expertise. There are various kinds of methods as are techniques, approaches and research methodsthat are operated in effective and efficient manner.With this regard, different types of methodologiesgiven as are- Research Philosophy-This is one of the effective method which is helpful in order to make better evaluation in the things likesuch kind of dataisneed to gather and analysisso that things can be dine in the proper and effective manner. Under these there are two kinds of philosophies are given as are positivism and interpretivism (Edson, Henning and Sankaran, 2016). The both of the philosophies are based in the epistemology and in which firm can operate its business functionin appropriate way. Different types ofphilosophies are based on the scientific truth so that things can be done in appropriate manner. In the present study the interpretative technique isneed to be selected whichisdetermines on the basis of relevant theory. Under the positivism philosophies theresearch is considered scientific theory as per expectations of researcher. Research approach-underresearch approach, different types of techniques consider that will be helpful to collect specific data.Majorly two types ofapproaches as are inductive and deductive.In the researchareaids with relation togathering of the data in the specific manner. It is very helpful in order to deal with the plan and procedures of the study. Under the deductive approach the main aim is focus over the testing of theory so that work can be done in effective and efficient manner. The inductive approach is in relation to the generation of the new theory so that things can be collected effective. In order to process with present study, the inductive approach will be used so that things can be done in the effectively. These are the effective methods to do the things in the appropriate manner. Research design-In this theappropriate designneedto select with relation to accomplishthe aim and objectives by conducting the study. This is helpful in relation to maintain the validity, 6
reliability and ethical things so that things can be conducted effectively (Creswell and Poth, 2017). The research design is the effective term which is useful to define the overall strategy in the effective manner. Itassists to address issue and problemof researchin appropriate way. In order to address appropriatedata can be collected effectively and efficiently. With the help of these descriptive research data technique is need to be used because it is helpful in relation to exploring the new data in the expertise mode. This isvery effective in order toconducting the study in depth manner. Data collection- this is one of the significant process with the help of which data can be measure and gathered in the appropriate mode. This is one of the standardised tool with the help of whichthings can be evaluating in the better mode.Different kinds of methods in relation to collect appropriatedata as are primary and secondary (Mebius, Kennedy and Howick, 2016). Under the primary method, it can be processed with the help of questionnaire and interview basis. This is process with the help of first-hand information. In the secondary method the data can be gathered with the help of books, journal etc. Itis essential to considered data inappropriate manner so that firm is able to achieve the desire outcome.Here, in the present research work, both primary and secondary data will be collected to reach to pertinent outcomes at the end. For which, 10 managers of Tesco have been interviewed with assistance of a survey and a questionnaire that will be used to record their responses. Data sampling- Under this method the firm will work as to select the number of people with the help of which the sampling will be done.Generally two types ofsampling as are probabilistic and non-probabilistic.In the probabilisticmethod is based on size of population and the non-probabilistic methodnot contain same process. Herein, a purposive sampling will be used to specifically select the managers of Tesco with a sample size of 10 participants. Data analysis-The data analysis is the method which is also useful to gather the important information. Out of 2 well known measures namely qualitative and quantitative, qualitative analysis will be done over here to thematically interpret the acquired findings. This is due to the nature of quantitative analysis which is more suitable for carrying out numerical or statistical studies with no such requirement in the present research work. Ethical consideration-This is also one of the effective steps of research methodologies. Under this privacy is need to be maintain on the things which have been collected (Bailly and Comino, 2017). With the help of confidentiality, the data can be secured. No harm is to be 7
made on the animals and other things. Therefore, it is important to secure all reliable data. Beside this, the participants will be requested to willingly contribute in the study with no forceful agreement. Draw a plan of execution for research. Activities1th Wee k 2nd Wee k 3rd Week 4th Wee k 5th Week 6th Week 7th Week 8th Week 9th Week 10th Wee k Titleof research Literature Review Designingof research methodology Effective Proposal Design questionof research Carryout Research activities Conclusion and recommendati on Final Report Editing& Completion 8
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CONCLUSION As per the above summarized report, it can be concluded that technical advancement plays crucial role in retail sector\to have significant growth.In the present market, it is very important to have the proliferation of the new digital technologies in the firm so that firm can able to run function expertise manner. It is very important for Tesco to deal with the challenges of digital technologies to enable themselves in scoring market in an effective and efficientmode.Thepresentfilehascoveredvariousthingssuchasliteraturereview, methodologies to get the accurate information.The main aim in order to adopt the process of digital technology is to have smooth flow of working in business enterprise. The idea of implementing the digital technologies in the retail based firms is one of the effective method to earn desired amount of profitability. The digitalisation in retail industry is having the strong impact on the performances of the firm. It is helpful in determining the potential growth in the market. RECOMMENDATION 1.Technological advancement helps to maintains reliability that leads to have success to Tesco. 2.The firm should adopts technical advancement to fostering growth of Tesco. 3.By implementing the technical advancement, entity is able to enrich profitability and productivity of Tesco. 4.The firm can able to provide Wi-Fi set up, so that function can perform effectively. 5.Tesco should adopt digital technology so that it will helpful to cut through unnecessary cost. 6.By adopting the process of digital technology the firm can able to deal with innovation procedure. This is one of the effective tool which will be helpful to fostering the growth of Tesco. 7.With the help of digital techniques, Tesco is able to have potential growth. 8.The digital technology will be helpful to enhance the growth of Tesco in an effective manner so that there can be balance between the activities of the enterprise. 9
REFERENCES Book & Journal 10
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Online Digital Transformation Benefits for Businesses – iCorps.2018.[Online]. Available through: <https://blog.icorps.com/business-benefits-digital-transformation>. 12