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D508 Managing A Successful Business Project

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Question:

Research Question

The impact of digital technology in supporting small business growth and innovation?

Aim

The aim of this unit is to offer students an opportunity to demonstrate the skills required for planning, managing and implementing a project. They will undertake independent research and investigation for carrying out and executing a business project which meets appropriate business aims and objectives. On successful completion of this unit students will have the confidence to engage in decision-making, problem-solving and research activities using project management skills. They will have the fundamental knowledge and skills to enable them to investigate and examine relevant business concepts within a work-related context, determine appropriate outcomes, decisions or solutions and present evidence to various stakeholders in an acceptable and understandable format.

The impact of digital technology on business activity

Digital technology has revolutionised the way we conduct business. Over the last decade it has dramatically changed traditional business models and transformed business activities. The use of digital mobile technology has provided businesses with a wealth of choice and opportunity. This has enabled existing products to become more profitable and innovative new products to be developed, leading to increasingly diverse product portfolios. Its impact is evident at the core of all key business systems:

Administration - cloud technology enables effective filing, storage and sharing of information.

Communication- social media and mobile technology allows businesses to connect, communicate, collaborate and build relationships on a global scale.

Storage and Distribution - `The Internet of Things’ is connecting and integrating systems throughout business structures.

Production - Artificial intelligence and big data analytics are driving Innovation and product growth. 

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My Assignment Help (2020) Managing A Successful Business Project [Online]. Available from: https://myassignmenthelp.com/free-samples/d508-managing-a-successful-business-project/digital-technology-in-the-business.html
[Accessed 26 July 2021].

My Assignment Help. 'Managing A Successful Business Project' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/d508-managing-a-successful-business-project/digital-technology-in-the-business.html> accessed 26 July 2021.

My Assignment Help. Managing A Successful Business Project [Internet]. My Assignment Help. 2020 [cited 26 July 2021]. Available from: https://myassignmenthelp.com/free-samples/d508-managing-a-successful-business-project/digital-technology-in-the-business.html.


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