Analyzing Digital Technology's Impact on Small Business Development

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Added on  2020/11/23

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AI Summary
This project investigates the impact of digital technology on small business growth, focusing on Ryder Architecture as a case study. The project encompasses a project management plan, including costs, scope, time, quality, communication, risk, and resources, along with a work breakdown structure and Gantt chart for time frame and stages. It involves small-scale research utilizing both qualitative and quantitative methods, analyzing research data with appropriate tools and techniques. The research includes questionnaires to gather data on the impact of digital technology, data analysis, and interpretation. The project concludes with recommendations, a conclusion, and a reflection on the findings, providing insights into how digital technology influences business performance and growth. The research explores the importance of digital technology in the business, the relationship between business and growth, and recommends ways to enhance performances.
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MANAGING A SUCCESSFUL
BUSINESS PROJECT
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TABLE OF CONTENTS
INTRODUCTION..........................................................................................................................1
PART 1............................................................................................................................................1
P1 Aims and Objectives for the project..................................................................................1
P2 Produce a project management plan incorporating costs, scope, time, quality,
communication, risk, and resources.......................................................................................2
P3 Produce a work breakdown structure and a Gantt chart to provide time frame and stages
for completion........................................................................................................................3
PART 2............................................................................................................................................5
P4 Small scale research through apply qualitative and quantitative research........................5
PART 3..........................................................................................................................................10
P5 Analysis research and data using with appropriate tools and techniques.......................10
P6 Recommendations and Conclusion.................................................................................11
P7 Reflection........................................................................................................................12
REFERENCES.............................................................................................................................13
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TITLE: IDENTIFY IMPACT OF DIGITAL TECHNOLOGY TO MAKE HIGH
GROWTH AND DEVELOPMENT IN SMALL BUSINESS.
PART 1
P1. Aims and Objectives for the project
Background of the study
Digital technology play very important role in the business success and outcomes. In this
regard, effectiveness also increasing to ascertain performances and development. Small business
also able to implement different tools and techniques at workplace of the small business (Pagani
and Pardo, 2017).
Rationale
In order to implement the advance technology at workplace of Ryder, they consider
different operations and functions in the market. As a result, they are able to deal with different
designs and practices to increase quality and performances in business environment. This is
because, with implement advance technology at workplace, brand image also increasing which
helps to meet with desired goals and objectives as well (Laudon and Laudon, 2015).
Aims and objectives
Aim: To identify the impact of digital technology on small to make high growth and
development – A Case Study on Ryder Architecture.
Objectives:
To understand concept of digital technology to make high growth and development
To assess importance of digital technology in Ryder Architecture to make growth
To understand the relationship between business and growth of the Ruder Architecture
To recommend ways in the chosen business to increase performances
Research questions
What do you understand by the concept of digital technology to make high growth and
development?
What is the importance of digital technology in Ryder Architecture to make growth?
What do you understand by understand the relationship between business and growth of
the Ruder Architecture?
What are the ways you recommend to attain effective results in the business?
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P2. Produce a project management plan incorporating costs, scope, time, quality,
communication, risk, and resources
Project Management plan
Project management plan is the overall structure and type of document which helps to
manage the project activities (Nam, Lee, Jeong 2016). Project management plan will help Talent
Plus to implement things in a better manner. Overall, it makes better performance and target
market goals in order to full fill the best possible manner. Project management plan defines a
proper execution, monitored and controlled the cost, enhance quality and scope management.
There are some following components of project success or Project management plan.
Task Name Duration Start Finish Predecessors
Research Project
Planning
Topic name 5 days 15/04/18 18/04/20
Statements of the research
issue 1 day 19/03/18 19/03/18 2
Allocation of resources and
time frame 4 days 20/0318 24/03/18 2
Implementation
Review of literature 5 days 22/03/18 27/03/18 3
Selection of correct research
methodologies 1 day 28/03/18 29/03/18 4
Data analysis and
interpretation 5 days 30/05/18 18/05/35 5
Evaluation of results and
outcomes 2 days 01/04/18 02/04/18 5
Project closure
Giving conclusion and
recommendation 1 day 03/04/18 03/04/18 6
Results of documentation 1 day 04/04/18 19/03/18 7
Costs: Costs is a major and significant component of project plans, Talent Plus needs to
identify the actual project cost in order to ensure overall expenses. Through company makes
their further planning (Westerman, Bonnet and McAfee, 2014).
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Quality: Quality must be required to ensure best products and services; digital
technologies are best to keep quality in the best possible manner. It gives better environment and
growth.
Scope: Project scope identifies certain points such as limitations, change management,
product requirement and project requirement etc. (Fitzgerald, Kruschwitz and Welch, 2014).
Time: Project time defines which activity is performed on what duration of times; this
component helps to identify the actual position of project.
Communication: Communication is a distinct component of project plan through
information has passed. It will be the most required and effective process of working in the
project management plan (Taylor, Fritsch and Liederbach, 2014).
Risk: Risk is a factor through company can affect from any prospects. It is not pre
planned, it is an uncertain event which requires for better performance level.
Resources:
P3. Produce a work breakdown structure and a Gantt chart to provide time frame and stages for
completion
Gantt Chart
It is the chart and short of activity which express the better opportunity to get the
objectives fulfilled. Gantt chart helps project manager to show the dependency relationship
between activities and current schedules status. This helps to get the best way of doing the given
activities (Tai, Wang and Wang, 2017).
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Illustration 1: Gantt chart
Work Break Down
Work break down structure is the process of breaking down the activities in to various
manner, in order to accomplish the target on market situation. Besides, work break down
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structure is also very much essential and effective for the development process. It set the
task and work according to employees capabilities and roles.
Illustration 2: Work Breakdown Structure
PART 2
P4. Small scale research through apply qualitative and quantitative research
In order to develop an effective result, Ryder Architecture there is different kinds of
information such as primary and secondary. In this regard, qualitative elements implement to
gather effective results at workplace. In this way, different types primary data to ascertain
results. Furthermore, secondary information gathers through journals, books, etc. (Wu, Straub
and Liang, 2015). As results, following analysis consider to attain aims and objectives:
Questionnaire
Name:
Age:
Gender:
1. According to your point, Ryder provides relevant information at workplace.
Yes
No
Cannot say
5
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2. In the chosen business, what elements helps to increase effective performances.
Integrated social media
Online payment
Customised website of the chosen business
3. How much do you agree to make growth and development with using digital technology?
Strongly agree
Agree
Neutral
Disagree
Strongly disagree
4. Which element is needed to make high growth and development in Ryder Architecture?
Reduce cost for operations
Increases ability to respond towards business growth
Increase advertisement
5. Does it is profitable to the selected business to consider digital technology?
Yes
No
Cannot say
Theme 1 Yes Ryder Architecture provide useful information
According to your point, Ryder provides
relevant information at workplace. Frequency
Yes 15
No 5
Cannot say 0
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Interpretation: In this regard, above graph stated that there are maximum respondents said they
are highly agreed. In this aspect, very few members consider their view towards the Ryder
Architecture. At last, remaining people not consider their any view towards the business.
Theme 2 Integrated social media activity is useful for the business development
In the chosen business what element helps to
increase effective performances? Frequency
Integrated social media 16
Online payment 2
Customised website of the chosen business 2
Interpretation: With this aspect, it can be stated that there are 16 people consider their view to
make integrated social media at workplace. Furthermore, there are 2 candidates those stated that
online payment is considering important role in the business. At last, there are remaining 2
candidates said that they customised website to consider operations at workplace.
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Theme 3 Employees strongly agree with the implementation of digital technology for
development and growth
How much are you agree to make growth
and development with using digital
technology? Frequency
Strongly agree 14
Agree 2
Neutral 2
Disagree 1
Strongly disagree 1
Interpretation: In order to focus on the present graph, it can be depicted that there are 14
candidates said they are strongly agreed with implementation of the desired results in digital
technology. There are 2 candidates said that they only agreed with the implantation of the desired
results at workplace. In addition to this, 1 person disagrees with the implementation of digital
technology in the enterprise. Along with this, strongly disagree.
Theme 4 Reduce cost of operation is the best element to make high growth and ascertain
creative results
Which element is needed to make high
growth and development in Ryder
Architecture? Frequency
Reduce cost for operations 14
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Increases ability to respond towards business
growth 4
Increase advertisement 2
Interpretation: In this regard, there are 14 candidates exist that said that there reduces cost of
operations to make high growth and development. In this regard, there are 4 candidates that said
that ability is needed to make respond towards the growth of the company. It helps to attain
systematic results in the business.
Theme 5 Employees are agreed with the implementation of digital technology at workplace
Does it is profitable to the selected business to
consider digital technology? Frequency
Yes 18
No 1
Cannot say 1
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Interpretation: In the above graph, it can be summarised that there are 18 candidates to make
innovative results and outcomes. It assists to focus on the desired activities and outcomes to
maintain effectiveness in the business environment. It is the best way to organise new things in
the business. Remaining there are certain people not agree with the implementation of advance
technology at workplace as results it impact negative on the outcomes.
PART 3
P5. Analysis research and data using with appropriate tools and techniques
In order to collect relevant information, there are different tools that help to focus on
innovative and effective results. In this aspect, functioning will be developing to make successful
results in an enterprise. Different tools and techniques are as follows:
Introduction: In order to make an effective functioning, it is important to consider
several resources for Ryder Architecture. In this way, they are able to create advance
technology that is useful to ascertain positive results. With this regard, different methods
have been implemented to make growth and innovations in small businesses. As a result,
it helps to attain effective functioning at workplace (Grishikashvili, Dibb and Meadows,
2014).
Research design: Furthermore, research design also implemented to solve different
issues and problems that reduce effectiveness at workplace. In order to implement the
research design, there are several options exist such as experimental, descriptive,
exploratory, etc. In the present research, experimental research design has been selected
that assists to ascertain effective functioning (Weill and Woerner, 2015).
Research philosophy: Research philosophy considers relevant outcomes and results with
fresh and effective material. In this regard, there are two types of research philosophies
exist such as interpretivism and positivism. In respect to attain desired results, researcher
selects interpretvitism research philosophy at workplace (Sevillano-García and Vázquez-
Cano, 2015). This is because; this philosophy helps to find fresh information in the
enterprise.
Collection of data: Collection of the data considers description of primary and secondary
data in successful consideration. In respect to collect the primary data, research carry
fresh and relevant information with implement questionnaire. In addition to this, they are
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