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Small Business Enterprise Assignment- Digital Technology's Impact

   

Added on  2020-06-04

17 Pages4074 Words36 Views
THE IMPACT OF DIGITAL TECHNOLOGY SUPPORTINGSMALL BUSINESS GROWTH AND INNOVATION

Table of ContentsIntroduction.......................................................................................................3Task 1..............................................................................................................4LO 1 (project aims, objectives and timeframes)...............................................4P1. Project aims and objectives ......................................................................4P2. Project management plan that covers aspects of cost, scope, time, quality,communication, risk and resources .................................................................4P3. Work breakdown structure and a Gantt chart to provide timeframes and stages for completion ......................................................................................6Task 2 .............................................................................................................8LO2 Conduct small- scale research, information gathering and data collection8P4- Carry out small-scale research by applying qualitative and quantitative research methods appropriate for meeting project aims and objectives for the chosen scenario. .............................................................................................8Task 3............................................................................................................13LO3 Present the project and communicate appropriate recommendations based on meaningful conclusions drawn from the evidence findings and /or analysis..........................................................................................................13P5 – Analyze research and data using appropriate tools and techniques for thechosen project................................................................................................13P6 – Communicating appropriate recommendation as a result of research and data analysis to draw valid and meaningful conclusions for the chosen project.......................................................................................................................13Task 4............................................................................................................14LO4 Reflect on the value gained from conducting the project and its usefulness to support sustainable organizational performance for the chosen project. ...........................................................................................................14P7 Reflect on the value of undertaking the research to meet stated objectives and own learning and performance................................................................14Conclusion: ....................................................................................................15References.....................................................................................................17Page 2 of 17

IntroductionAny small size business faces multiple barriers in terms of organization growth. As aresult most of the time small business decides a target which is not sufficient for the businessgrowth. Management of small business considers this business strategy as low risk strategy forbusiness. There are certain elements which help any organization with rapid growth, consideringthe era of globalization. Technology in small business is one such element which helps withbusiness growth. Further with the help of technology organization can implement innovation inbusiness in terms of product line. Implementing technology in small sized business help toestablish a position in the market, however need certain measures to avoid any project failure.For instance, before implementing technology in business organization needs to prepare a projectplan and train employees for the best result. This report highlights impacts of technology inbusiness growth and innovation of Small and medium sized enterprise.BackgroundIn order implement digital technology, it can be stated that in-depth knowledge developcontinuously in different areas of the world. Therefore, desired results in whole research studyconduct to find useful results. Furthermore, digital technology also implement certainmeasurement to highlight appropriate findings in successful manner. This research is beneficialto target people with overall strategies and tools of digital technology. Page 3 of 17

Task 1LO 1 (project aims, objectives and timeframes)P1. Project aims and objectives This project aims to provide an in depth understanding of different impact of digitaltechnology supporting the small business growth and innovation.Objectives of this project are as follows:To evaluate the use of technology in small businessTo analyze the impact of technology in small business supporting growth andinnovationTo discuss the implementation process of technology in small businessP2. Project management plan that covers aspects of cost, scope, time, quality,communication, risk and resources A project management plan has three different aspects which includes Scope of the project,resources and cost, which is essential for developing the project and schedule. These are threeelements which are fixed for the project development. The below table is a project managementplan which is being developed for the better growth of an organization.Scope Cost Time Quality communicationRisk ResourcesThisproject willhelp toenhancethecompetitiveadvantageThe totalcost of theproject willbe£1500.00. ItincludesprojectallocationTotal 4monthstime isrequiredforcompletingthe projectThe qualityof theproject isexpected tobemedium.HighqualityCommunication willbe doneover phoneandthroughinternalteamThere aretwo majorrisksassociatedwith theproject.The primerisk is with15employeesalong witha projectmanagerand oneprojectcoordinatorPage 4 of 17

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