Quint Group: Assessing Digital Tools for Small Business Development

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This report examines the impact of digital tools on small business development, using Quint Group as a case study. It explores the importance of technology in today's business environment, focusing on how companies can leverage digital solutions for improved productivity, transparency, and market competitiveness. The report details the purpose, objectives, and research questions related to Quint Group's mobile application project, including project management methodologies, work breakdown structures, and Gantt charts. It also covers data collection methods, including primary and secondary research, and discusses the application of both quantitative and qualitative instruments. The report emphasizes the need for businesses to adapt to market dynamics, incorporate technological advancements, and prioritize customer satisfaction through digital innovation.
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Managing a Successful
Business Project
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INTRODUCTION
Technology act as an important part in current circumstances of business. The efforts of
the company to compete in the market for longer duration have been narrowed down to
incorporation of the technologies in the business functioning. Irrespective of the size of operation
every organisation is aiming to adopt technological factors into business operation to achieve
superior business position in the market. The introduction of technology in to business operation
have improved productivity and transparency into business operations (Ahmed Dine Rabeh,
2013). An associtaion which will be taken into consideration into this segment is Quint group. It
is an technology based organisation catering its services in the finance domain. This report will
thoroughly analyse aim and objectives of the study and planning and development of a plan
which encompasses technological advancement in context of this organisation. Lastly, data
collected will be analysed and understood.
TASK 1
P1 Purpose and target of this report
It is very necessary to match steps with the environment so that company can prolong its
operations in the market. The market is continuously evolving, new technology and dynamics are
developed on a regular basis so that in order to operate in such an environment is has become
crucial for a business to adopt to latest trends and technology so to cater the needs and
expectations of the people in an ideal manner. Digital technologies have become a must have
components of a business. The incorporation of technology ensures that operations are carried
out in a advanced and efficient manner (Chesbrough, 2010). There are several varieties of
technologies which are launched in the market and an organisation avails the same depending on
the suitability of business. The company can compete with other organisation on the basis of
technology. The reason for which digital technologies have been successful is that it can lead to
positive outcomes on the organisation. The adoption of digitalisation helps in providing cost
effective measures of promoting and marketing of products. The data of prospects is stored and
communicated so that services can be enlarged. A development of technology goes through
various insights which results in a outcomes which provides with better solution to problems and
processes of business. The small business can be benefited direct this in numerous manner. It can
help a enterprise in development of a price composition which is lower than the existing one.
Other advantages that might be is automations in enterprise operations and ideal information
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storage. Quint unit is an organisation that aids in implementing modification through designing
strategies which supports in improving their respective operations. It helps in formulating a
roadmaps aids in proper transitioning of enterprise operations. The organisation is now looking
forward to develop a mobile software which will allow prospects to successfully manage their
activities and operations through their Handsets.
Topic: Influence of digital tools in helping small business development and creativity.
Background of this project:
It is necessary to evaluate the external market and to incorporate changes which are
essential for a business for its survival. The dynamics of market affect the business operation in a
slow and profound manner. To incorporate a change, it is necessary for a business to identify key
area which requires evolution. Market research is conducted to identify the sector which are not
able to cater the promised service. The outcomes of research are to be addressed by the company
in an ideal manner. It carries numerous benefits to organisation i.e. times and speed of delivery
of the services can be improved with this service (Crane and Matten, 2016).
An organisation can be aware of the needs and expectation of prospects through this
study. They are to be fulfilled with adopting suitable measures. The outcomes of research were
that the consumers are facing difficulties in accessing and managing their services and are
looking for an approach which is handy and convenient. Listening to the requirements of
prospects, Quint is looking to develop a mobile application so that the services can be
manipulated from the handset itself and provides a functionality on 24*7 basis. The efforts of
this small enterprise aims to achieve a desired level of customer satisfaction with initiatives in
digital technology sector. The improved customer experience will ensure that more and more
prospects are retained with the organisation.
Aim: “To evaluate the impact of modern tools for inculcate creativity and development for a
small size endeavour- A case study on Quint Group Ltd.”
Objectives:
To ascertain the impact of modern technology on small business
To evaluate importance of growth for an organisation
To determine the relation between digital tools and development of small size company. Recommendation of various modes through that a business can incorporate digitalisation
Research Questions:
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what is the impact of digital technology on businesses?
How to understand necessity for development and improvement in association?
How to analyse relationship between application and ontogeny in small commercial
enterprise?
Assess the different ways through which an organization is including digitalization in
business activities?
P2 Project administration Programme
Report is defined to be an endeavour undertaken by an organisation to create something
of value. Whereas project management aims to monitor and manage the proceeding of project in
such a manner that targets established for the project are accomplished. There are variety of
activities which are included in project management which initiates with planning. Project
management plan aims to establish a blueprint which undertaken activities to be considered
while managing activities of the project. It is a documented set of activities which are to be
carried out in an serial and orderly manner. The inputs from various stakeholders are taken into
analyses which formulating a plan for this project. It is the duty of project manager to ensure that
activities are carried out as planned and turning it into a success (Den Hertog, Van der Aa, and
De Jong, 2010).
The different components which are taken into consideration are cost, scope, time,
quality and communication in a project. It is very important for a project manager to give due to
time and importance to each of the factors which are mentioned above. The brief description of
the factors is as follows:
Cost: Costs are amount which is paid by the company to successfully launch the services
into the market. The organisation can either outsource this task or can formulate a team to
develop mobile application. Opting for either ways will require huge amounts of funds. The
company have a achieved a renowned name in the market which will help them in procuring
funds.
Time: it is the time assigned by the administration to complete undertaking and set up
mobile technology services to consumers. It is necessary to create a time bound project as it
provides them with targets and motivate employees to achieve the same. Every activity is given a
definite amount and should be accomplished in that only to avoid delay.
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Scope: Scope in projection governance is defined to be activeness that are condemned to
finish a report. It helps in identification of the tasks which are to be carried out in a timely
manner. Major processes which are covered in scope are planning, controlling and closing.
Risk: It is defined to be the uncertainty which is attached to a project. Risk factor which
is attached to this project is lower as mobile application are receiving warm response from
prospects around the world. The digitalisation helped people in sticking to mobiles for a longer
duration.
Communication: Communication in projects plays a crucial role. It provides a tool to
manager to convey strategies and goals to be considered in this process. The employees working
on a project are communicated and updated on various happening on the project so that they are
motivated to perform with their full potential.
Quality control: it is necessary for every organisation to provide right quality of product
and services to people. Quint have to ensure that project retains its level of quality as it has
company's name attached to it. If the company is not able to deliver quality services it may
hamper its brand image in the market (Eckerson, 2010).
It is necessary for a business that all the above criteria are met which will help a company
in completing a project in a manner that customer expects.
P3 Work breakdown structure and Gantt chart
Work breakdown composition is a tool used by organisation to effectively manage a
project. Projects are a complicated process involving lots of factors to be carefully considered.
Therefore, it helps in classifying a complex work into various smaller parts for managing
elements so that it can be monitored and delivered into a successful manner. It undertaken
hierarchical division of activities by allocation a professional and appropriate time to each
activity. A business organisation adopts this technique to look after every segment of the project
and to complete the same in timely manner. But mostly these project completion tool is used by
organisations operating at a large scale. In smaller organisation projects are either outsourced or
formed a separate team with a small number of members. In context of cited organisation, Quint
Ltd have formed a separate project team which will take responsibility to complete it in an ideal
and timely manner.
Gantt chart is a tool to see the amount of work completion in a project. It uses graphical
map to describe listing of a specific assignment. This tool is developed by Henry Gantt which
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depicts the time duration, rootage and milepost achieved in context of a particular tasks. It is tool
widely accepted when planning and sequencing a project. Horizontal bars in a chart depicts the
amount of work done and how much is remaining. Quint Ltd. can utilise this time management
tool to design time scales for a project so that employees are motivated to achieve the same. The
roles and responsibilities to employees can be assigned to employees along with resource
allocation. The tasks which are not essential can be eliminated from the project which employing
this tool. This plays a crucial role in the monitoring and management of activities which are
useful and ensures timely delivery of mobile application service to people.
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The above mentioned activities are planned and will be followed so that project is
completed in time. The ideal development of mobile application will ensure that improved
customer service is provided to prospect. The level of convenience of the business operations are
improved as well. The company will be benefited from such measure in terms of growth and
enlargement of business operations.
TASK 2
P4 Application of quantifiable and qualitative instrument of data accumulation
It is essential to carry out an research by an business organisation to collect opinions and
views of consumers in context of organisational services and offerings. The researcher can adopt
various sources of collecting information such as primary and secondary sources.
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Primary sources: It is refers to the data which has been collected by the researcher
exclusively for the purpose of study. There are number of tools which are employed by an
organisation to gather first hand information. The major tools are questionnaire, interviews and
observational methods. The relevancy of the data is 100% as it is collected keeping in mind
organisational working. The data collected by the scholar is able to fulfil requirements of
researcher due to its high relevancy to the research topic. Quint Ltd have opted for tool of
questionnaire to collect information about the working so that discrepancies can be addressed.
Secondary research – The researcher can be used to gather and collect accurate data
which are related to past or present information as per the project topic. There are different
sources that can be used by investigator while conducting research that includes books, internet,
courses, etc. it can be consider as authentic method of data collection which support in gathering
relevant information for making project.
Qualitative research – Qualitative research is the scientific method which assist in
collecting and gathering theoretical data. It is a process of realistic research which can be used
for conducting depth understanding of social phenomenon. This method includes focus groups,
individual interview and observations.
Quantitative research – Quantitative method is used for collecting and gathering
numerical, statistical and mathematical data while preparing research report. It is used to
determine the opinions, thoughts, behaviour and attitudes of large number of population. The
numerical and statistical data can be collecting through pools, questionnaire and surveys.
In this project, qualitative research method can be used because it help in gathering
accurate data and information. It will provide authentic and reliable facts while making project.
The respondents are 20 in number are chosen through random sampling tactics.
QUESTIONNAIRE
Name:
Age:
Gender:
Contact details:
Q1: How important is technology for a small business?
a) Important
b) Not important
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Q2: Is building a mobile application is the best way to introduce digitalisation in a company?
a) Yes
b) No
Q3 Can Mobile application can enhance customer experience?
a) Yes
b) No
Q4 Digitalisation will be able to provide maturation and improvement to this enterprise?
a) Yes
b) No
Q5 Organisation will be able to increase numerous of clients through digitalisation?
a) Definitely
b) Not sure
Q6 Analyse the impact of digitalization on the company as a whole?
a) Positive Impact
b) Negative Impact
Q7 Do you think constructing a mobile tools is the almost perfect measure interpreted by this
enterprise?
a)Yes
b) No (There are other areas to improve)
Q8 Is this step is satisfactory by everyone?
a) Acceptable
b) Unacceptable
Q9 Term of effect of digitalization upon organization?
a) Short term
b) Long term
Q10 Recommendation ?
…...........
Secondary data: This refers to the information that has not yet been gathered by a
bookman. This data is available for other researcher for the purpose of assisting in their study.
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The data is published in magazines, journals and articles. The data is less relevant to the
particular research topic as it was collected for some other topic. The data is collected to support
the study or data undertaken through primary measures.
TASK 3
P5 Research Analysis
Data analysis is a tool to modelling of data for the purpose of obtaining useful
information from the same. With the tool of analytical and logical data is interpreted so that
conclusion can be formulated. It is a tool through which insights on various areas can be
developed. The data collected through questionnaire is to be interpreted and examined so that
results can be ascertained. The representation of the questions will be as discussed:
Q1: How important is application for a small size organization?
a) Important- 15
b) Not important- 5
Theme: Importance of application for a small business
Interpretation: It might be concluded as per above data is that 15 out of 20 respondents believe
that technology is crucial for an organisation. However there are still people who believe that it
is not as important as other factors.
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15
5
Important
b) Not important
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Q2: Is building a mobile application is the best way to introduce digitalisation in a company?
a) Yes- 12
b) No- 8
Theme: Mobile application is the best way to introduce digitalisation in a company
Interpretation: The graphs depict that 12 out of 20 respondents agree with the statement that
building mobile application help an organisation to adopt digitalisation in its operations.
Whereas 8 out of the total respondents did not agree with the fact that mobile application are a
great approach to venture into digitalisation.
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Yes b) No
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