Impact of Innovative Technology on Business in High Street Shops

This report investigates the impact of innovative technology on businesses, specifically focusing on high street shops and local markets. The research utilizes primary and secondary sources, including a questionnaire distributed to 20 respondents, to gather data on customer responses and opinions regarding the use of technology in business. The findings are presented through graphs, pie charts, and data interpretation, highlighting the importance of online marketing and the positive customer response towards innovative technologies. Suggestions include improving product quality, renovating packaging, and implementing robust security systems for online channels. The study aims to analyze how innovative technologies impact business profitability and customer engagement, providing valuable insights for business decision-making.

HEALTH AND SAFETY
Business decision making consists procedure of choosing best option which will be
effective for business firm. Effective decisions are helpful in managing business
firm in order to accomplish predetermined targets.
Q1. Do you think innovative technology impacts the profitability of high street
shops?
Yes No
0
2
4
6
8
10
12
14
16
18 17
3
Frequency
Q2. How important online marketing is for business?
15
3
2
Highly important
Average importance
Less important
Findings
• Respondent's response present favourable results
• Customers are interested to shop online and give positive response towards
innovative technology
Suggestions
• It is required to improve the quality of products and renovate packaging
process
• It is require to install security system for online channels for customers and
suppliers .
INTRODUCTION DATA INTERPRETATION
AIMS AND OBJECTIVES
Objectives
• • Research is organised to analyse the impact of Innovative
technology on business in high street shops and local market
• To collect information from respondents to evaluate the essential aspect in
terms of technology.
Research Methodologies
• Primary and secondary source to collect data are used for research
• Customer response is collected by distributing questionnaire which contains
10 different questions
• Informations are summarised in the form of graphs, pie chart and
interpretation done
• Random sampling method is used to determine the review and response of
20 respondents