This assignment explores the sharing economy, examining its origins, definitions, and impacts. It delves into the challenges and opportunities presented by this emerging economic model and analyzes current regulatory frameworks addressing it.
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Table of Contents TITLE: THE IMPLICATIONS OF DIGITAL TECHNOLOGIES ON SME – A CASE STUDY ON TALON OUTDOOR.................................................................................................................1 TASK 1............................................................................................................................................1 P1 Research proposal with define research questions or hypothesis that supported by literature review.....................................................................................................................................1 P2 Methods to collect primary and secondary data................................................................5 M1 Different research approaches and methodology............................................................5 TASK 2............................................................................................................................................5 P3 Conduct primary and secondary research with using appropriate methods for business research project and include costs, access and ethical issue..................................................5 P4 Tools to conduct and analysis findings and data...............................................................6 M2 Approaches to data collection and analysis.....................................................................7 D1 Critical evaluation of research methodologies and process in application to conduct business research....................................................................................................................7 TASK 3............................................................................................................................................7 P5 Communicate research outcomes in proper manner to intended audience.......................7 M3 Logically and coherently communicate outcomes with audience.................................14 D2 Communicate critical analysis with consider valid recommendation............................15 TASK 4..........................................................................................................................................15 P6 Reflect on the effectiveness of research methods applied for meeting objectives of research project...................................................................................................................................15 P7 Consider alternative research methodologies..................................................................16 M4 Critical reflection and insight results with recommendation actions for improvement.17 D3 Reflection and engagement in resource process to lead with future improvement........18 REFERENCES..............................................................................................................................19
TITLE: THE IMPLICATIONS OF DIGITAL TECHNOLOGIES ON SME – A CASE STUDY ON TALON OUTDOOR. TASK 1 P1 Research proposal with define research questions or hypothesis that supported by literature review Background Digitaltechnologycreateseveraladvantagestosmallbusinesstodeveloptheir effectiveness and operate successful operations. It assists to attract maximum number of people through provide them several benefits. Technology has potential effect small business in positive and adverse way. Small enterprises are closely work to provide products and services to add values of their lifestyles (Giones and Brem, 2017). Furthermore, technology gives option to work of office at home so that small businesses have opportunities to hire talented people from all over the world. Technology assists to gain competitive edge in global environment so that instant connection with customers consider ability to connect from email, blogs, social networks, etc. Small business also able to provide training to their staff members with implement new technologyintoprocess.Ithelpstogainmoreproductivityandsuccessfulfunctionsat workplace. Rationale In the present research, digital technology implications assists to consider several advantages that increase effectiveness. With the help of digital technology, Talon Outdoor able to consider their new activities and tasks that increases customer attraction. On the basis of new tools and techniques, enterprises easily able to reach towards target market that assists to accomplish desired results and operations. Create online stores assists to expand operations in new areas with digital technology implementing (Hess, Matt and Wiesböck, 2016). Advance technology also assists to gain more competitive results in the global environment. On the basis of customer feedback, it can be stated that researcher easily delegate tasks and up to date information for business benefits. Aims and objectives Aim: To identify significance of digital technology implications on small and medium size enterprises – A Case Study on Talon Outdoor. 1
Objectives: To identify reasons of implement digital technology in SME. To analysis ways through growth of SME will be increasing. To underpin the relationship between Talon Outdoor and digital technology. To recommend waysthrough digital technology can be implement in the chosen business. Research questions What are the reasons of implement digital technology in SME? What are the ways through growth of SME will be increasing? How underpin the relationship between Talon Outdoor and digital technology? What are the recommendation ways through digital technology implement in selected business? Literature review Reasons of implement digital technology in SME As per the view of Nuseir, (2018), in small and medium enterprises digital technology assists to increase successful outcomes with develop more creative work performances. On the basis of different tools and techniques, they are getting success. Hence, implications of digital technology assists to develop more creative work performances. In order to expand operations and functions in global market, small business carry their several activities to make sustainability development. Furthermore, it also assists to attract maximum number of people which develop productivity as well. On the other hand, Nuseir, (2018) stated that small business implement digital technological tools to make high profits and revenue with advance activities. Therefore, it assists to focus on maintain work performances with digital engagement. As results, it assists to engage all employees in enterprises. In research survey, it has been seen that digital technology determines online going with literature review. Quantitative approach is also used to defined business improvement that help to maintain creativity. According to the point ofHess, Matt and Wiesböck, (2016), digital technology assists to increase customer experience with ascertain more systematic work performances in the business environment. In this regard, factors are also identifying that adopted to streamline operations and create new business model. Digital elements in the business assists to create opportunity to grow and remain competitive in the future. It is very important for internet driven market so that in all 2
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over the worldwide it assists to gain more systematic work performances. Beside this,Giones and Brem, (2017)explored their views that in order to make successful results small and medium enterprises assists to reach towards target market in systematic manner. Internet is essential element to develop online brand and social media activities to decide that what things are need to be purchase. SME consider use of digital technology to promote products and services and compete with other businesses in international areas. Implementing digital marketing strategies generate short and long term results to reach towards brand target market. Ways through growth of SME will be increasing InordertolooktowardsviewsofGionesandBrem,(2017),digitaltechnology implementing consider the highest growth to make successful results. In this regard, Talon Outdoor need to increase their training and development program because it assists to attract maximum number of customers in the business. On the basis of effective work program, manager able to deal with rapid growth increasing. In order to provide training towards digital technology tools and techniques, the chosen business able to make changes in procedure that assists to attain more growth. Furthermore, Quinton, Canhoto and Budhathoki, (2017) stated that keeping staff up to date is one of the critical challenge so that manager must be compile to create changes in policies and procedures. With the help of keeping up to date information, manager of small business can easily increase responsibilities and change of procedure. In order to increase successful results, it is important to make presented changes that are benefited to fulfil increase work performances. As per view of Li and Found, (2017), customer experience is one of the important perspective that assists to make rapid growth to provide systematic results. In this regard, additional training, updating information and acquire new technology assists to provide high level of customer services. It helps to deliver successful results and deal with innovative functions and operations with ascertain systematic work performances. On the basis of Abbasi, Tarhini and Shah, (2015) views, SME enterprises address to increase productivity and consider their operations to compete with different businesses. On the basis of employment, wages, innovation, etc. Talon outdoor able to attain more growth and profitable results. Start-up businesses increases key source of innovations and job creation which influence to make high growth in IT sector services. Underpin the relationship between Talon Outdoor and digital technology 3
Liberato, Liberato and Rocha, (2017) depict that Talon outdoor and digital technology consider wide relationship to maintain security and profitable results in the business. With the help of deliver advance activities and tasks, every business will able to communicate campaign planning with dynamic creations. Automated execution of advertisement assists to develop more successful results. Automated marketplace needs technology and process integration assists to accomplish desired growth in different industry. Integration of internal system effectively negotiate successful outcomes in business. Beside this, Codagnone and Martens, (2016) argued thatdigitaltechnologyandTalonOutdoorhaspositiverelationshiptomaintaintheir effectiveness. In this regard, manager need to attain their goals and objectives through campaign management platform which integrate successful results and operations in systematic manner. Automation technological aspects assists to build creative work process to measure campaign. Automated trading has been developed to build future development activities. According to the point of Nuseir, (2018) technologies development activities helps to createeffectivenesswithseveraltoolsandtechniques.Onthebasisofcreativework performances, advertisement with social media provided in international market which assists to focus on upgrade information and outcomes. At national scale, opportunities also develop for Talon outdoor which organise and activate large quantities for audience data. Recommend ways through digital technology can be implement in the chosen business As per the view of Giones and Brem, (2017), there are several ways exist through digital technology activities implemented at workplace. In this regard, Talon Outdoor need to focus on social media which is one of the important element to communicate successful results. In this way, different kinds of advertisement could be develop to focus on new elements. With the help of digital transformation organisation able to increase systematic results. On the other hand, Hess, Matt and Wiesböck, (2016) stated that new opportunities ascertain with algorithm with more relevant search to lead with conversion. With the help of technology, marketing, sales and operations, etc. Undertakes with discipline. In order to consider new technology, delivery activities also implemented to sustain make change. Priorities initiate to operate functions so that company constantly looking for increases productivity. P2 Methods to collect primary and secondary data In order to collect relevant data and information, there are different tools consider to make systematic work performances. It is essential to use it to attain desired results and attain 4
effectiveness. Primary and secondary both kinds of information assists to gain successful results in the business. Primary data mainly collected from questionnaire which design to conduct survey. As per aims and objectives, information will be gather to perform different activities and tasks. On the other hand, secondary information collected from secondary tools such as online books, articles, journals, etc. (Taylor, Bogdan and DeVault, 2015). different aspects of the secondary information assists to gather more relevant data at workplace. M1 Different research approaches and methodology In order to collect relevant information, there are different tools of research has been used such as questionnaire which design to conduct survey, implement secondary tools to gather relevantinformationfrompreviousresearch,etc.Onthebasisofdifferentkindsof methodologies, researcher able to find useful information in the enterprise (Lewis, 2015). TASK 2 P3 Conduct primary and secondary research with using appropriate methods for business research project and include costs, access and ethical issue In respect to collect primary and secondary information, following elements implemented to ascertain systematic work performances:Cost: In order to collect relevant information, cost is one of the important perspective that assists to meet with aims and objectives. On the basis of relevant information, aims and objectivesofTalonOutdoorcompleted.Total£680requiredtooperatedifferent functions and operations in the research. Primary and secondary both kind of information will be gather to perform operations and functions (Vaioleti, 2016).Access:Inordertoaccess,therearedifferentactivitiesconsidergatherrelevant information from primary and secondary methods. On the basis of systematic access, researcher able to find useful information in the business. Ethical issue: Furthermore, researcher need to concentrate on ethical perspective that assists to focus on maintain significant outcomes. Researcher need to focus on follow all rules and regulations that assists to meet with desired results. Furthermore, data analysis techniques also implemented to attain creative work performances (Smith, 2015). 5
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P4 Tools to conduct and analysis findings and data In the research, there are different tools and techniques develop to perform several functions and operations. On the basis of these tools, proper functioning will be consider at workplace. Following are certain elements included which assists to gain information and outcomes:Research philosophy: Research philosophy determine important role in the business to perform functions and operations. In this consideration, excellent path develop with interpretivism and positivism two kinds of research philosophies implemented. In the present research, interpretivism philosophy has been selected that assist to meet with aims and objectives (Humphries, 2017).Research approach: Research approach consider important role in the research to perform several functions and operations. It is important to undertake systematic work with right investigation to collect relevant information. There are two types of research approaches exist such as inductive and deductive. In the present research deductive approach has been used that assist to meet with desired aims and objectives (Munn, Porritt and Pearson, 2014).Research design: Proper and significant research consider with different kinds of design. In this way, fresh and relevant information will be collected with appropriate design. There are different kinds of design exist such as exploratory, experimental, descriptive, etc. In the present research, descriptive research design has been selected that assist to meet with aims and objectives in creative manner (Mukhopadhyay and Gupta, 2014).Data collection: Data collection is important perspective that help to focus on gathering relevant information in the business. In this regard, primary and secondary two types of information will be gather to focus on relevant research. In this way, qualitative and quantitative two kinds of data collection method implemented. From the both qualitative method has been used to collect proper information towards aim. This is because, in this method questionnaire has been prepared to conduct survey (di Ruffano, Dinnes and Deeks, 2017). Sampling: In the research, there are two kinds of methods exist which consider in sampling. For instance, simple random sampling and non-random sampling two methods 6
generally consider. In present research, simple random sampling method has been selected in which 20 sample size taken. Sample size is employees of Talon Outdoor. M2 Approaches to data collection and analysis In order to collect relevant data and information, there are several tools and techniques exist that assists to meet with desired results. Researcher used different tools such as research philosophy, research design, sampling, etc. All these tools helps to attain more creative work performances in business. D1 Critical evaluation of research methodologies and process in application to conduct business research As per the view of di Ruffano, Dinnes and Deeks, (2017), research methodologies consider important role in business success. On the basis of these tools and techniques, researcher able to find useful information in the business. Regarding their objectives, descriptive research design mainly used which is useful to gather in depth information. TASK 3 P5 Communicate research outcomes in proper manner to intended audience In order to collect relevant information, following questionnaire consider in survey to focus on gathering relevant information towards present research. They are as follows: Questionnaire Name: Age: Gender: 1. Does digital technology impact on growth and development program of small business? Yes No Cannot say 2. Talon Outdoor able to attain their aims and objectives with using advance technology? Yes No Cannot say 3.Howtopromotechosenbusinessprofitsandrevenuewithdigitaltechnology 7
implementation? Using social media Using printing advertisement Implement advance technological elements All of above 4. Does training and development program required in chosen business to implement digital technology? Yes No Cannot say 5. What is the best perspective to implement digital technology at workplace? Facebook Twitter Instagram All of these 6. Which development activity consider with implement digital technology at workplace? Awareness Increase customer base Profitability and revenue Employees learning 7. How are you satisfied with implementation of digital technology at Talon Outdoor? Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied Theme 1 Digital technology impact on growth and development program on small business Does digital technology impact on growth anddevelopmentprogramofsmall business? Respondents 8
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Yes15 No3 Cannot say2 Interpretation: In order to focus on the above graph, it can be stated that there are 15 respondents exist that said that digital technology impact on growth and development program of smallbusiness.Furthermore,thereare3employeessaidthatthereisnogrowthwith implementation of advance technology. Theme 2 Talon Outdoor able to accomplish their aims and objectives Talon Outdoor able to attain their aims and objectives with using advance technology? Respondents Yes16 No2 Cannot say2 9 15 3 2 Yes No Cannot say
Interpretation: In respect to focus on the above graph, it can be stated that there are 16 respondents exist that said that Talon Outdoor able to accomplish their desired results with implementation of digital technology. Furthermore, there are 2 respondents said that company unable to get their aims and objectives with using advance technology. Theme 3 Social media is main element to implement digital technology at workplace How to promote chosen business profits and revenuewithdigitaltechnology implementation? Respondents Using social media14 Using printing advertisement2 Implement advance technological elements2 All of above2 10 16 2 2 Yes No Cannot say
Interpretation: In order to consider above graph, it can be interpreted that there are 14 respondents said that using social media is one of the best perspective to increase profits and revenue. There are 2 respondents said that using printing advertisement is one of the important perspective of digital technology. Theme 4 Training and development required for employees of Talon Outdoor Doestraininganddevelopmentprogram required in chosen business to implement digital technology? Respondents Yes18 No2 Cannot say0 11 Using social media Using printing advertisement Implement advance technological elements All of above 0 2 4 6 8 10 12 14 14 2 2 2 Respondents
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Interpretation: The above graph said that there are 18 people said that training and development program requires in Talon Outdoor to develop their work performances. On the basis of digital technology implementation, every staff member should know ow to use it to collect more effective results. Theme 5 Facebook is the best perspective to implement digital technology at Talon Outdoor What is the best perspective to implement digital technology at workplace? Respondents Facebook15 Twitter2 Instagram2 All of these1 12 18 2 Yes No Cannot say
Interpretation: On the basis of above graph, it can be interpreted that there are 15 respondents said that Facebook is important element that assists to focus on implement digital technology outcomes in Talon Outdoor. Furthermore, there are 2 respondents said that twitter is important perspective to implement creative work performance. Theme 6 Implement digital technology consider increasing in profitability and revenue Which development activity consider with implement digital technology at workplace? Respondents Awareness1 Increase customer base1 Profitability and revenue17 Employees learning1 13 11 17 1Awareness Increase customer base Profitability and revenue Employees learning 15 2 2 1 Facebook Twitter Instagram All of these
Interpretation: The following graph helps to interpreted that there are 17 responsibilities said that profitability and revenue increment is one of the important perspective to attain more effective results. With the help of digital technology, company can easily promote their systematic work. Theme 7 Employees are highly satisfied with implement digital technology How are you satisfied with implementation of digital technology at Talon Outdoor? Respondents Highly satisfied14 Satisfied2 Neutral1 Dissatisfied2 Highly dissatisfied1 Interpretation: On the basis of above graph, it can be stated that there are 14 employees highly satisfiedwithconsiderimportantroleandmaintaindigitaltechnologyimplementation. Furthermore, there are 2 respondents satisfied with consider digital technology at workplace. 14 14 2 1 2 1 Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied
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M3 Logically and coherently communicate outcomes with audience In order to communicate advance outcomes in front of audience, it can be stated that researcher able to find useful consideration at workplace. In order to focus on promote effective results, it can be stated that in Talon Outdoor findings will be applied to maintain more systematic work. On the basis of this, researcher put their efforts to maintain their significant advantages. D2 Communicate critical analysis with consider valid recommendation In order to communicate results in wider society, it can be stated that aims and objectives will be easily communicate which show high performance objectives. On the basis of findings, it can be stated that Talon Outdoor need to implement social media tools. Hence, Facebook is one of the best tool that help to communicate creative work program in the business. Furthermore, company need to provide training and development program to all employees so that effective results will be attain in proper way. TASK 4 P6 Reflect on the effectiveness of research methods applied for meeting objectives of research project The method that was used by me in conducting research helped me in getting specific and effective outcomes. I was able to analyse data in proper manner. For this I used SPSS that lead to effective results. For conducting research first of all I developed aims and objectives. Then on this basis questionnaire was prepared. It supported me in initiating next step. I was able to achieve my goals and objectives. I applied descriptive research method. This was useful as it gave a brief description on emerging digital technologies. I came to a conclusion that the time consumed by me was less. It was because of using this approach. For present research I used qualitative method. It helped me in interpreting data from questionnaire. I was able to evaluate data very easily. This saved time and cost and completing my research in given timer period. By developing research methodologies I was easily able to conduct research. I accomplished goals and objectives effectively. I was able to develop a report that included overall research. Therefore, it can be concluded that by conducting this research I learned several things. There was increase in my knowledge and skills. I gained knowledge on how digital technology is helping small and medium business. Also, what technological advancement are occurring that 15
has allowed business to implement new tools and techniques. I also noticed that my team members did not perform their duties well enough. It was because of lack of experience and skills. Moreover, they did not communicate properly with each other while conducting research. It resulted in delaying of research and rise in conflicts among them. Thus, I have to interrupt in between for solving conflicts. For this I assigned specific roles and responsibilities to them. The distribution of roles was beneficial as it integrated their overall efforts. With this each activity in research was executed in systematic way. I used SPSS that gave me a new tool to use. Now I can use this in further research. Also, I can enhance my efficiency by becoming a good researcher. I also analysed that I need to develop a communication channel which will lead to better coordination within team. It will be easy for them to follow that structure for communicating. This can be done by contacting on phone or using e mail. Members will help each other in completing their task. Furthermore, feedback given will be quick and accordingly actions can be taken. It will help me in creating a centralised structure that will lead to effective coordination. At I have to develop research methodologies that will give me an insight through which research can be conducted. It will hep me in the future. So in the last I conclude that conducting research was a very good experience. It allowed me to know how and in what way research is conducted. Also, what are the tools required in it. Now I am having enough experience that I can conduct more research on different topics. It will help me in career development and growth. I will be able to find opportunities for growth and becoming successful. I gained skills about things such as methods, data analysis, etc. P7 Consider alternative research methodologies There are various research methodologies that can be used. The selection of techniques depends on nature and type of research. Also, it depends on researcher that which method will be used by him or her. All methods have different features and is applied in different situations. Quantitative research method helps in analysing data by using the software that is SPSS. It is applied in research in topic is related to find out the solution of problem (Nuseir, 2018). This method helps in finding out answer of why problem has occurred. Besides this, qualitative method can be used simultaneously. It is known as pragmatic approach. For using this method high level of experience and skills are required. A researcher must know about this method before applying it. For collecting data secondary method can be used. In this data can be collected from previous research, articles, newspapers, etc. this will help the researcher in getting 16
an insight for further research. This method is easy to use and is applied to conduct research in more deeply. Also, it will support researcher in getting specific data. Also, this method is very crucial in getting the data related to research. In addition to this, alternative research approach is deductive. This approach includes testing theory and hypothesis (Smith,2015). Generally, it is used to evaluate the relationship between two elements. It used in research that is done at high level. It helps in determining cause and effect relationship between two subjects. The main advantage of using this method is it gives better outcomes. Also, data generated by this can be used as secondary research. Another research philosophy that exist is positivism approach. It is related to theory that is based on knowledge. The information derived from this is sensory and have some reason. Generally, this approach is used in aspects of science. The researches that are related to science and is done for some reason uses positivism approach. It gives outcomes that can be implemented in doing experiments in science. In addition to this, there are many data sampling methods such as stratified, cluster, area, etc. Sampling method can be chosen on basis of research. It also depends on willingness of researcher on how he or she chooses sampling method. From this sample size is selected on which research will be conducted. Usually, two common methods are used in this that are random and cluster. It is because they are easy and requires less time and cost. Moreover, with this different sample size is collected ( Vaioleti,2016.). Also, it will support researcher in getting specific data. Also, this method is very crucial in getting the data related to research. Sample size must be collected effectively as results of research is entirely based on data collection. Any mistake in this will affect the overall research outcomes. M4 Critical reflection and insight results with recommendation actions for improvement By conducting research I was able to achieve my goals and objectives effectively. It also helped my in gaining knowledge about impact of digital technology on business. For conducting research first of all I developed aims and objectives. Then on this basis questionnaire was prepared. It supported me in initiating next step. A researcher must know about this method before applying it. I was able to achieve my goals and objectives. In order to grow and develop there are several recommendations that can be followed by business. These are as follows :- Before implementation of systems business can provide training to employees. It will help in running of operations in smooth way and reducing its negative impact. 17
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Business can analyse risk by developing a risk assessment. It will benefit them by reducing the impact of digital technology on business. In order to expand operations business can install different software and applications such as ERP, big data, etc. D3 Reflection and engagement in resource process to lead with future improvement Forconductingresearchinthefutureseveralresourcesarerequired.Ithelpsin conducting research in effective manner. Moreover, it is useful for researcher to utilise resources in effective way if they are been properly determined. There are several resources that was used by me. I allocated them according to requirement of activities. The resources that was used by me are as follows :- Financial resources-it is the most crucial resource that is used. For present study I created a budget. This helped me in evaluating the overall requirement of finance in conducting research. On this basis I distributed resources (Giones and Brem, 2017.). It helped me in performing each activity in proper way. This helped me in saving cost and working accordingly. Human resources –The human resource are required to perform activities. I recruited some experienced and skilled work force that supported me in conducting research. By identifying their skills and qualities I assigned them roles and duties. I hired 20 employees who performed well. With this I completed my research. Physical resources –these resources include software and other things that are needed in conducting research. The resources that I used in this research was SPSS. For this I took training that helped in using SPSS. It was easy to use and gave precise results. I was able to interpret data by using SPSS. After processing it effective information was given. 18
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Quinton, S., Canhoto, A. and Budhathoki, T., 2017. Conceptualising a digital orientation: antecedentsofsupportingSMEperformanceinthedigitaleconomy.Journalof Strategic Marketing, pp.1-13. Smith, J.A. ed., 2015.Qualitative psychology: A practical guide to research methods. Sage. Taylor, S.J., Bogdan, R. and DeVault, M., 2015.Introduction to qualitative research methods: A guidebook and resource. John Wiley & Sons. Vaioleti, T.M., 2016. Talanoa research methodology: A developing position on Pacific research. Waikato Journal of Education,12(1). 20