Digitalisation's Role in SME Growth and Innovation: Roli Analysis

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Added on  2023/02/06

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This report investigates the impact of digitalisation on Small and Medium Enterprises (SMEs), focusing on its influence on growth, innovation, and overall performance. The report begins with an introduction to the importance of SMEs in the UK economy and the role of digital technologies in business. It outlines the aims and objectives of the research, which include evaluating the significance of digitalisation and its impact on developing small business operations. The report examines various themes, including the direct impact of digitalisation on innovation and growth, its significance for companies like Roli, and its support for various business operations. It also explores how digitalisation manages brand awareness, improves productivity, and enhances competitive advantages, along with the use of numerous marketing methods through digital technologies. The research uses a case study approach to investigate how digitalisation can maximize sales, improve performance, and optimize modern marketing methods for SMEs. Findings from the research suggest that digital technology plays a vital role in organizational growth, streamlining daily activities and generating revenue. The report concludes with recommendations for musicians and music technology experts, emphasizing the need to embrace new forms of expression through music and digitalization. The research also highlights the financial challenges associated with implementing digital technologies. The report is supported by references to academic sources.
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Research Project
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Cover Content
Introduction
Aims and Objectives
Theme 1: Digitalisation Direct To Innovation And Growth Of SME
Theme 2: Digitalisation is significant for growth and innovation of Roli
Theme 3: Digitalisation support functioning of numerous business operation significantly in small business organisation
Theme 4: Digitalisation manage brand awareness, emphasise productivity and improve competitive edge
Theme 5: Numerous marketing methods can be used through using digital technologies in SME
Theme 6: Techniques of digitalisation are helpful in the maximisation of sales, performance level and profitability
Theme 7: Modern marketing methods can be optimised by small business to support their promotional and marketing techniques
Theme 8: Digital technologies support innovative commodities in market
Theme 9: Roli is initiate new methods of producing and delivering music instruments in market
Recommendations
Conclusion
References
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Introduction
SMEs drives the economy of United Kingdom which reframe their
standard of living and their business activities in more significant manner.
Implication of digital technologies in business segments has not only
assisted the large companies but also helped the small business
organisation to grow and evolve in the competitive business environment
of company as well.
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Aims and Objectives
Aims: 'To evaluate the importance of digitalisation and its influence on
developing small business operations or sales. A case study on Roli.
Objectives: To evaluate the importance of digital technologies in growth
of small business organisations.
To investigate the expected outcome of digital technology implication on
Roli.
To assess the role of digitalisation in context of sales increment and
performance management of Roli.
To explore the probable area innovations that can be managed or disrupted
in Roli in relation to digital technology implications.
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Theme 1: Digitalisation Direct To Innovation And
Growth Of SME
Q1. According to you,
does digitalisation direct
to innovation and growth
of SME?
Frequency
Yes 30
No 10
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Theme 2: Digitalisation is significant for
growth and innovation of Roli
Q2. Is digitalisation
significant for growth
and innovation of Roli
to achieve success?
Frequency
Yes 35
No 5
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Theme 3: Digitalisation support functioning of
numerous business operation significantly in
small business organisation
Q3. What are the probable
operations in which Roli
can use digital technology
for improvement?
Frequency
Human resource
management 6
Finance Department 7
Operation division 7
Marketing and sales 20
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Theme 4: Digitalisation manage brand
awareness, emphasise productivity and
improve competitive edge
Q4. What are key
benefits of opting
digitalisation in the
business enterprise
overall?
Frequency
Managing brand
awareness 15
Improve productivity 10
Attaining competitive
benefits 15
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Theme 5: Numerous marketing methods can
be used through using digital technologies in
SME
Q5. Through opting which
methods of marketing, Roli
has managed their sales
enlargement and their
growth of business
managing awareness?
Frequency
Search engine
optimisation 10
Blogging 10
Pay per click advertising 10
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Theme 6: Techniques of digitalisation are
helpful in the maximisation of sales,
performance level and profitability
Q6. Are the techniques of
digitalisation helpful in
the maximisation of
sales, performance level
and profitability?
Frequency
Agree 30
Disagree 10
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Theme 7: Modern marketing methods can
be optimised by small business to support
their promotional and marketing techniques
Q7. Which marketing
method is often utilised
by Roli for enhancing
their growth and sales?
Frequency
Traditional marketing 15
Modern marketing 25
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Theme 8: Digital technologies support
innovative commodities in market
Q8. Do company
innovate their services
and products adopting
digital technologies?
Frequency
Yes 36
No 4
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