Investigating Technology Adoption by Small Businesses and Growth

This report investigates the impact of technology adoption on small business growth, focusing on The Furniture Practice Ltd. It explores the rationale for the research, highlighting the need for businesses to embrace new technologies to stay competitive. The report covers background information on digitalization and its impact on business operations. A literature review examines the benefits of automated inventory systems and other technologies. The research questions address the available technologies, their pros and cons, and the challenges small businesses face when implementing them. The research methodology employs a qualitative approach using interpretivism philosophy, with detailed descriptions of research design, approach, data collection, analysis, and sampling techniques. The report concludes by offering recommendations to overcome the identified challenges, aiming to help small businesses improve their performance through effective technology adoption.

To investigate technology adoption by small business
and its impact on business growth

Title: To investigate technology adoption by small business
and its impact on business growth

Research Rationale
 The rationale for choosing this topic is such that it will help a researcher to enhance the
knowledge related to advance technique and that is why, it will also help in the future as
well.
 Also, by study on the particular topic will help a researcher to provide range of advance
technologies for small business so that it will cause positive impact upon the business
performance.
 Also, in the modern era, every company wants to be establish its unit at wide level and
that is why, they always try to adopt advance tools and techniques which will help to
enhance their business operations and also save lot of time as well.

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• On the other side, another rationale for conducting the research is such that may be
University assign them a topic and that is why, researcher have to conduct study on this.
• Overall, when the research is completed, it will assist to many small furniture company to
enhance their business operations which will definitely help to meet the define aim and
objectives in better manner.

Background
 In the era of digitalization, every company wants to stay ahead in the competition and that is
why, it is necessary for the firm to adopt new and advance techniques that will help to meet the
define aim and objectives.
 In the same manner, the current study is also help to examine the importance of advance
technologies and their impact upon the small business growth.
 As, almost 90 percent of the top company uses advance techniques into their business operations
while on the other side, due to lack of fund the company did not offer adopt new techniques and
that is why, it creates direct impact upon the business growth

Literature Review
 Theme 1
 In the published paper White and et.al., (2016)highlights one of the best technology is Automated
inventory system . Barcodes and RFID tags were used for inventorying and property protection .
Protective gates must be installed with this system. Convenience of inventory and good protection are
not provided by this system.
 This lead to automated inventory system. Automated inventory system is the wireless communication
system for controlling the use of industrial sphere, stores and logistics. It also help in data collection
regarding the availability of inventory.
 The reason behind automated inventory system is to reduce hard work by availability of all the
components , vehicle and inventory at the particular space which help in consume time and increase
the effectiveness of work . This method have advantage of IQRF smart transceiver which help in
tracking the movement and availability of inventory at the particular time and at particular place

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 Research question
 What are the different technologies available for The Furniture Practice Ltd?
 What are the pros and cons of using this advance techniques within a small business?
 What are the challenges which small business face while implementing advance
techniques into its working place?
 Recommend the ways through which the challenges may be overcome.
 Aim : “ To investigate technology adoption by small business and its impact on business
growth: A study on The Furniture Practice Ltd”

RESEARCH METHODOLOGY
 Research methods: It is referred to as a strategic tool to grasp new set of data in order to
have better understanding on the subject matter. It is classified into quantitative and
qualitative research methods. The researcher of the study will select qualitative research
methods which will be very useful in investigating technology adoption by small business
and its impact on business growth.
 Research philosophy: It is strategically a belief related to the manner data will be
gathered to reach desired set of aim and objectives. It is classified into positivism and
interpretivism philosophy. The researcher of the study will select interpretivism
philosophy to examine different technology adopt by The Furniture Practice Ltd.

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 Research design: It is a strategical framework which is very useful in analysing and
collecting various measures associated with the key variables. It is very useful in ensuring
that the research problem is properly taken into consideration to reach valid conclusion.
 Research approach: It is one of the crucial method which develops a systematic
procedure consisting of wide assumptions to collect relevant data sets.
 Data collection: It is one of the most necessary methodology because it is an appropriate
procedure to measure various information associated with the key variable sets of the
study.

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 Data Analysis: It is one of the most prominent procedure which in turn is very useful in
cleansing, interpreting and transforming various data sets.
 Sampling: Sampling is appropriate method to collect right sample size to carry out the
research study in an ethical and reliable manner. It is classified into probabilistic and non-
probabilistic sampling methods.

REFERENCES
 Nugent, J., 2019. Advance technology literacy and bring learners' 21st-century skills up to code with the Hour of
Code!. Science Scope. 43(4). pp.38-39.
 Quinlan, C and et.al., 2019. Business research methods. South Western Cengage.
 Kumar, R., 2019. Research methodology: A step-by-step guide for beginners. Sage
Publications Limited.