logo

Digital Technology Supporting Small Business Growth and Innovation

   

Added on  2020-06-04

26 Pages5817 Words347 Views
Leadership ManagementProfessional DevelopmentData Science and Big Data
 | 
 | 
 | 
UNIT: 6 – MANAGINGSUCCESSFUL BUSINESS PROJECT(CORE UNIT 6)TOPIC: THE IMPACT OF DIGITAL TECHNOLOGYSUPPORTING SMALL BUSINESS GROWTH ANDINNOVATIONSTUDENT NAME:STUDENT ID:PROFESSOR NAME:
Digital Technology Supporting Small Business Growth and Innovation_1

Executive SummaryThe objective of this study is to manage a successful business project considering the impact ofdigital technology supporting small business growth and innovation. For this purpose, this studyhas considered a small-scale organisation of UK, which is named as ThirdWay Interior. In thisregard, it has assessed the key business components, such as administration, communication,production and storage distribution. It also has developed proper project management plan togive the implementation process of digital technology at the organisation with priorconsideration. In addition to it, this study also has supported the project management plan withproject schedule and milestone schedule. In this process it also has conducted data analysis onthe employees and managers of the organisations and aligned the findings of them with theconsidered objectives. In this way, this study has become capable of recommending theorganisation about the most effective ways of implementing digital technology within theirworkplaces.2 | Page
Digital Technology Supporting Small Business Growth and Innovation_2

Learners DeclarationI certify that the work submitted for this unit is my own and the research sources are fullyacknowledged.Learners Signature:Date:3 | Page
Digital Technology Supporting Small Business Growth and Innovation_3

Table of ContentsIntroduction......................................................................................................................................5Task 1: LO1.....................................................................................................................................5P1 Devising project aims and objectives for the chosen scenario...............................................5Project Aim...............................................................................................................................6Project Objective......................................................................................................................6P2 Producing project management plan considering aspects of cost, time, scope,communication quality, resources and risk..................................................................................6M1 Producing comprehensive project plan, project schedule and milestone schedule...............8Project Schedule.......................................................................................................................9Milestone Schedule..................................................................................................................9P3 Producing work breakdown structure and Gantt chart to provide timeframes andcompletion stages.......................................................................................................................10Work Breakdown Structure....................................................................................................10Gantt chart..............................................................................................................................11Task 2: LO2...................................................................................................................................11P4 Carrying out small-scale research by applying quantitative and qualitative methods inappropriate with meeting project aims.......................................................................................11Quantitative method...............................................................................................................12Qualitative method.................................................................................................................13M2 Evaluating accuracy and reliability of applied research methods.......................................14D1 Critical evaluation of project management process and applying appropriate researchmethodologies............................................................................................................................14Task 3: LO3...................................................................................................................................15P5 Analysing data and research using appropriate techniques and tools...................................15P6 Communicating recommendations as outcome of research and data analysis.....................16M3 Evaluating appropriate tool selection with techniques for accuracy and authenticity........16Task 4: LO4...................................................................................................................................16P7 Reflecting on the undertaking value of research in accordance with meeting objectives andown learning and performance...................................................................................................164 | Page
Digital Technology Supporting Small Business Growth and Innovation_4

M4 Evaluation of project management process values and quality research uses to meetobjectives...................................................................................................................................17D2 Critical evaluation and reflection on project outcomes, decision-making process andproject management plan development......................................................................................17Conclusion and Recommendations................................................................................................17Bibliography..................................................................................................................................19Appendices:...................................................................................................................................20Appendix 1: Quantitative Method..............................................................................................20Appendix 2: Qualitative Method................................................................................................22Appendix 3: Template for evidence collection to be attached with the report by the learner...23Appendix 4: Template for Performance Review Template to be attached with the report by thelearner:.......................................................................................................................................255 | Page
Digital Technology Supporting Small Business Growth and Innovation_5

IntroductionDigital technology within the organisations has been playing pivotal roles in the organisationalgrowth and innovation process. It also has improved the sustainability developments for thesmall-scale industries as well. For this purpose, this study has tried to shed light on theeffectiveness and requirements of digital technology at the small-scale organisations bydeveloping a project management plan. In this regard, it has conserved a small-scale organisationof UK, named as ThirdWay Interior. This company has been associated with the small andmedium sized industry of UK with an employee base of 59 and a turnover below $3 million perannum.Figure 1: Logo of ThirdWay Interior(Source: thirdwayinteriors.com. 2017)Task 1: LO1P1 Devising project aims and objectives for the chosen scenarioThe project management plan considering the issue regarding the impact of digital technology insupport of small business growth and innovation is liable to be involved with majorcontemporary organisational issues. In the words of Spenceret al. (2012), the managements ofthe organisations around the world have been found largely associated with this issue eitheractively or passively. In most of the cases, the managements of the organisations are found to be6 | Page
Digital Technology Supporting Small Business Growth and Innovation_6

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Managing a Successful Business Project: A Case Study of Mark & Spencer's Digital Transformation
|29
|5355
|390

Impact of Digital Technology on Business Growth and Innovation: A Case Study of House of Fraser
|43
|7203
|340

Managing a Successful Business Project: A Case Study of Cook Trading Company
|31
|4888
|460

Role and Importance of Strategies for Equality & Diversity in WFC Contractors
|34
|7948
|35

Managing Small Business Projects: A Comprehensive Guide
|22
|4629
|323

Managing Employee Pushback During Digital Transformation: A Case Study of Specsavers
|39
|6189
|73