Unit 6 MSB (Managing Successful Business)
25 Pages4471 Words454 Views
Added on 2020-12-09
Unit 6 MSB (Managing Successful Business)
Added on 2020-12-09
ShareRelated Documents
UNIT 6 MSB
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Project aims and objectives..............................................................................................1P2 Project management plan..................................................................................................2P3 WBS and a Gantt chart......................................................................................................4TASK 2............................................................................................................................................6P4 Small scale research..........................................................................................................6TASK 3............................................................................................................................................9P5 Data analysis and Interpretation with help of appropriate tools........................................9P6 Recommendations & data analysis................................................................................18P7 Reflection on research conducted...................................................................................18CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20
INTRODUCTIONIn today's context digital technology have wide impact on the business operations, tradesat national and international level, etc.. Digital technology is helpful to maximize efficiency andproductivity.(Kim and Ko, 2012). The traditional business can be transformed in new andadvanced form with the help of digital technology. The report is based on Continental ConsultingLimited company that engaged in research and business consultancy. The main aim of this reportis to identify and evaluate Impact of digital technology in the growth of company. Variousqualitative & quantitative methods are used in project report. It also includes the constructionWBS & a Gantt chart and different tools & techniques are used to analysis and appropriaterecommendation also provided in the report to make valid conclusion.TASK 1 P1 Project aims and objectivesPresently days, there are numerous individuals which opening new business at commercialcenter with the assistance of cutting edge or advanced innovation. The economy of UK isgrowing quickly on the grounds that it is fundamental for association to bring new thoughts justas ideas all together keep up its profitability at focused market (Atanassova and Clark, 2015). Itis essential for an association to utilize progressed advances so as to increase better results in aviable way. In this venture the chose innovation is internet based life which alludes to differentsite and application that empowers clients to make and share content in informal communication.Likewise, digitalisation is additionally useful in overseeing exercises of business in better way.Mainland Consulting Limited organization gives its administrations of research and businessconsultancy which works in the region of business process Re-designing and potential clientsincorporate little and medium size producer. Advance innovation helps in brining modernizationin business and draw in the expansive number of clients at commercial center for expandingimprovement or profitability of organization. At commercial center, there are numerous kinds ofcomputerized advances like for an example read investigation, cloud advances, surroundingadvances and so on. All are useful in limiting remaining task at hand and worry ofrepresentatives at work environment. Through innovation, organization can speak with its buyersand furthermore advance all business related exercises so individuals can think about its1
administrations and buy them. The web based life likewise can be called as group onlinecorrespondence channels. Topic: “Infuluence of digital technology supporting small business growth &innovation”.Project backgroundAround here condition, innovation assumes a fundamental job in expanding profitabilityof an association. There are a few advances, which are useful in beginning new firms and directin an appropriate way. It is essential for an association to contribute more on task andfurthermore embrace the trend setting innovations in emotional way (Xiang and Gretzel, 2010).Continental Consulting Limited company wants to conduct its business online more efficientlyand woks on introducing new and advanced features in their application and website. Regardingthis concept, it have to conduct a survey from their related and interested party so that theorganization is interact with more parties and attract them to purchase services. Aim: :To determine importance of social media and its impact on business activities. A study onContinental Consulting Limited. Objectives:To analyse concept of social media.To evaluate importance of social media to Continental Consulting Limited business.To examine impact of social media on business activities of Continental ConsultingLimited company.Research Questions:What is social media?What are importance of social media to Continental Consulting Limited business?What are impact of social media on business activities of Continental Consulting Limitedcompany?P2 Project management plan Project Title“The impact of digital technology supporting smallbusiness growth and innovation in context withinorganization”2
Project PlanCompany Name:Continental Consulting LimitedCostThere are huge cost involve in globalisation. ContinentalConsulting have to spent more money to bring new andinnovative technology by making digitalisation. But it isnecessary for the company to cover its cost so that itsprofits can be maximize. There are mainly two types ofcost which are fixed cost and variable cost. ScopeThere are huge scope available in front of company tointroduce innovative quality products so that needs ofconsumers can be satisfy and company can maximize itsprofits by capturing more market share. Now a dayspersons like new technology so that work can be get easierand smoother. As a result efficiency can be maximized.TimeIt is very essential for an organisation to complete the taskwith in stipulated time period so that predefined objectivesgoals can be accomplish as per the need of company. Itwill take minimum 3 years to expand the business andcapture more market share as a result it can take theadvantage of globalisation.QualityTo get success it is necessary to provide quality productsto the consumers.(Ngai, Tao and Moon, 2015). In contextto Continental Consulting Limited it can produce qualityproduct as per the demands of consumers so that its salescan be maximize and company can grab more marketshare which is helpful in globalisation. CommunicationCommunication is essential in an organisation. Effectivecommunication with employees and staff members willhelp in implement project in a better way. With the help of3
effective communication the management will able tocommunicate relevant information to all workers so thatthey can work as per the need of organisation. As a resultbusiness of company can be expand in other nations. RiskContinental Consulting Limited can take calculative riskfor the growth of company. It is involved in every businessactivity so it is important for the management to identifythose risk which can hamper the performance oforganisation so that targets can be fulfilled. The main riskwhich is associated that is financial losses (Chesbrough,2010).ResourcesThere are mainly two types of resources which can usedby company which are human and non human. Companycan use both so that it can get the advantage ofglobalisation and get success & growth. P3 WBS and a Gantt chart It is very essential for every organization to conduct a procedure for understanding thecustomer's views and opinions about the company product and services before starting the newproject. With the help of this tactic the organization can also improve their performance level atmarket place. So for implementing that tactic the manager produce a work break down structureand Gantt chart to provide time frame and stages for the completion of project. In this work hasdivided into small elements so that targets can easily achieve for the growth of company. WBS : It is also an important task for the project manager because it provides them apath to attain set goals and objectives.4
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
(solved) Managing A Successful Business Project Assignmentlg...
|27
|5795
|288
Managing Successful Business Projectslg...
|28
|6039
|417
Managing a Successful Business Project - Continental Consulting Limitedlg...
|23
|4234
|122
P1 Explain project aims and objectiveslg...
|22
|4486
|330
P1 Devising aims and objectives for the topic for completing projectlg...
|27
|5293
|341
Managing Successful Business Projects Assignment : Continental Consulting Limitedlg...
|24
|5484
|105