Research Project on Wealth Management : Qbic hotel

RESEARCH PROJECT
(WEALTH MANAGEMENT
AND THE BUSINESS
WORLD)

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
P1 Aim and objectives............................................................................................................1
Research questions.................................................................................................................2
LITERATURE REVIEW................................................................................................................2
P2 Literature review...............................................................................................................2
Concept of digital technologies in SME sector......................................................................2
Relationship between digital technologies and Qbic hotel.....................................................3
Quality of digital technologies to perform several functions ................................................3
RESEARCH METHODOLOGY AND APPROACH ...................................................................4
P3 Primary and secondary research........................................................................................4
Plan and procedure for the research specification..................................................................5
Questionnaire..........................................................................................................................6
P4 and P5 Collection of data and outcomes...........................................................................8
RESEARCH METHODS..............................................................................................................12
P6 Effectiveness of research methods..................................................................................12
RECOMMENDATIONS...............................................................................................................13
P7 Alternative research methods..........................................................................................13
CONCLUSION .............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Wealth management is the investment advisory which incorporate for financial planning,
investment portfolio in which several kinds of services developed. In this context, small business
owners and families desire to manage functions and operations with specialist. In this way,
coordinate retail banking, estate planning, resources, investment management, etc. developed as
the wealth management (Barsam and Monahan, 2015). In the private businesses, wealth
management delivered to the high net worth investors. Business succession and stock option
planning occasional use for large stock of the blocks. In this context, present research report
based on Qbic hotel which determines wealth management services such as budget and financial
performances review, benchmarking against competitive sets, etc. With the help of client
benefits, independent analysis local and global market developed to identify issues and take
suitable actions on it. In order to enhance investment returns, strategic asset management plan
aligned with goals and objectives.
Financial risks assess which faced by the organisation to meet with their targets and
goals. These types of risks concern in each enterprise which deals in hospitality sector. It is very
important for management of the organisation to assess risks which need to be taken for
undertaking effective measurement. Furthermore, at workplace of Qbic hotel different kinds of
measures taken by the audit committees to make sure effective functioning to detect risks. It
includes internal and external auditors that plays significant role to users to assess financial risks.
It assists to the organisation to overcome risks and enhance sales which also increase
profitability. On the other hand, it also creates impact on the expectations of stakeholders so that
quality needs also carried to increase performances of the enterprise. In order to recognise risk,
environment audit also carry which assists to evaluate performances for enhancing market share.
P1 Aim and objectives
Aim: “To determines implications of digital technologies on SME enterprises - A case study on
Qbic hotel;”.
Objectives:
 To understand the concept of digital technologies in the SME sector.
 To identify and exploring the relationship between digital technologies and Qbic hotel.
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 To evaluates quality of the digital technologies to perform several functions within the
enterprise.
 To recommends ways through digital technologies can be improves at workplace.
Research questions
 What is the concept of digital technologies in SME sector?
 How Qbic hotel and digital technologies performances related with each other?
 How several functions assist to enhance quality of digital technologies?
 What are the ways to improves digital technologies at workplace of Qbic hotel?
LITERATURE REVIEW
P2 Literature review
Concept of digital technologies in SME sector
As per the view of Brown and Davis, (2013), digital technologies play very important
role in the small and medium size enterprise. This is because, it assists to enhance growth of the
nation to acknowledged it widely. In this regard, adoption of information and communication
technology explored in the detail aspect which create effective results in the business.
Acceptance of the internet in SME determines important adoption of the EDI. In addition to this,
new digital technologies also determine channels of distribution to create effective functioning
with different tools. However, Barsam and Monahan, (2015) stated that digital technology
creates important and unique features for interactive crucial social phenomena such as human
relationship and collaboration. Therefore, Qbic hotel has key driver that is social network for
creating transformation. In this transformation, the organisation has also disadvantages such as
lack of finance, skills, knowledge, etc. It brought about the resistance to technology adoption
which create results in the inferior perception of the performance.
According to the point of Buckingham, (2013), digital technologies bring transform of
the strategic marketing position. Therefore, they are implementing communication facility with
web technologies. Therefore, fundamental marketing and business concept also increases which
determines user-friendly, cheap, standardised, etc. It creates positive interaction with
marketplace and marketing in the particular area. Changes also reduces barriers in SME to adopt
new technologies such as knowledge, skills, financial resources, etc.
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Relationship between digital technologies and Qbic hotel
As per the view of Cueva, Kuhnley and Lanier, (2013), digital technologies and Qbic
hotel has effective relationship which create positive impact on the operations and functions.
With this regard, smaller rooms renovate with traditional and modern look. There are several
characteristics developed in the several areas where the organisation operates. The company
characteristics by limited room size so that they have to implement digital technology and create
unique luxury design. Therefore, they can easily accomplish objectives and goals. However,
Morin, Simonneaux and Tytler, (2013) argued that the chosen hotel industry has excellent
alternative locations in which major urban areas considered where business need to be expand. It
creates better opportunities to the organisation with limited space to offers luxury
accommodations at low cost services. Majority of the hotel rooms determines as futuristic style
to offers innovative and advance technology in it.
On the other hand, Turner, (2013), budget also need to be cater for development of the
visitors in the London. Hence, digital technologies although advertised in the market. It is the
fastest growing element within the enterprise. Planning in the activities assists to promote results
through conducting survey. With this regard, hotel determines predictive analysis to offer
upgrade things in their operations and functions. It assists to increase wearable technology and
sensors that facilitate different transaction and operations.
Quality of digital technologies to perform several functions
According to Bullen and Morgan, (2016), it can be explored that information technology
goes very high. In this context, there are several elements need to be implemented in Qbic hotel
that assists to promote effective functioning at workplace. With this regard, performances of the
organisation also improve through implementation of advance things. Therefore, strategy
determines for redesign the health care system that facilitate information and communication as
well. Beside this, Yang, (2013) generated their view to improves access to information that can
be support to decision-making. With this regard, national commitment also developed that build
infrastructure for health care delivery, consumer health and quality measurement as well. Digital
media encode to the machine that are used in the business to combined internet facilities with
electronics devices.
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