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BTEC HNCD Business Research Project Level 5

Introduction

Digital technologies are those technologies which exists where digital information and physical resources combines in a new ways to create value and profitability. Business organizations seeking digital edge transforms process, business models and the customer experience by exploiting the pervasive digital connections between systems, people, place and things (Pink, 2016). Digital technology is helpful in terms to revolutionized the activities of business enterprise. This is very helpful in terms to bring the systematic growth in enterprise. Thus, technological advancement will bring sustainable image in the market.

The term digital technology will be helpful in relation to have the things as are media, conferencing etc. Thus, it can be said that modern technology will be helpful and it will take over the process of traditional process in market. In addition to this, manager of the firm need to hire the skilled labor force so that they are able to carry smooth operation in market. Tesco is taking number of initiatives in terms to implementing digital technology so that brand image of the firm can be sustained. The effective things will be helpful in term bring long term productivity and profitability to

Digitalisation has altered the business exercises in successful mode. In each undertaking advertising assumes significant part to get achievement. With the assistance of better strategies of advertising the firm can achieve its longing destinations. The term advanced advertising can be determined as marketing of item and administrations through computerized mode as are portable innovation and online networking. These technologies not only aid in reducing time, efforts and cost of the organization but also assist in providing competitive advantages to the companies. In this context, the focus of present research study will be on analyzing the implications of digital technologies on daily business operations of Tesco. In order to attain the aim and objectives of research study, researcher will conduct questionnaire survey at Tesco, London where the participants will be managers working within the organization. Tesco is one of the leading retail and supermarket incorporating in United Kingdom. The organization has over 6600 stores worldwide and possesses enormous level of customers. The management of Tesco is widely known for implementing advance technologies within their organizational framework. In this context, the researcher will be conducting research in order to obtain information about the impact of digital technologies on organization.            

Researcher will comprehend the terminology by creating robust argument in the research in the form of literature review. The research methods that will use by researcher in this research will be elaborate and timeline of the activities will be depict in the form of Gantt Chart. In this context, the aim and objectives of research study is formulated below:

Aim

The aim of research study is “To analyze the impact of digital technologies on business operations of Tesco.”

Objectives

The summarized objectives to underpin the aim of study are listed below:

  • To identify the significance of digital technologies in enhancing growth of organization.
  • To analyze the impact of digital technologies on business operation of Tesco.
  • To identify the challenges faced by management in the process of using digital technologies.

Research questions

Research questions are fundamental core of research study. In order to attain the aim and objectives of research study, it is essential for researcher to prepare research questions. In this context, researcher will answer following questions:

  1. What is the significance of digital technologies in enhancing growth of organization
  2. What is the impact of digital technologies on business operations?
  3. What are the challenges faced by management in the process of using digital technologies?

Rationale for selecting research

            This research will help in enhancing the knowledge level of researcher as it will provide explicit understanding about the impact of digital technologies on the organization. Digital technologies have become essential part of every individual life. How one uses it creates big difference. In this way, through this research researcher will be able to get familiar with Tesco which is one of the leading and largest supermarket and retail organization in United Kingdom. Eventually, researcher will be able to increase his or her research skills from this research study.

Unit 1 - BTEC HND in International Financial Report - Regent College - Level 5

Literature Review

Significance of digital technology

According to Davies, Coleman and Livingstone, (2015) digital technologies are those technologies which are used by organizations and management in order to reduce or eliminate manual efforts and enhance the quality of products and services manufactured by them. In global competitive environment, it becomes rudimentary for business organizations to invest and implement in digital technologies like cloud computing, social media marketing, Internet of Things, mobile communication technologies, web based applications, etc. to enhance the profitability and productivity of the organization. Groshen and et.al., (2017) elaborated that digital technologies are significant for organizations as these technologies have replaced traditional methods of conducting business activities. From marketing to managing human resource, from production to distribution, digital technologies have reduced the time, efforts and cost of the organization and help them in accomplishing their set business goals and targets effectively and efficiently. In order to sustain in competitive environment it is essential for business organizations to invest in precise digital technologies and implement it within the business framework so that common goals and objectives of organization can be attain. Robinson and et.al., (2015) argued that digital technologies indeed aid in enhancing the profitability and growth of organization but at the same time it increases complexities and stress within the organization. Employees have to deal with loads of tech in order to comprehend and exploit them.

Impacts of digital technologies

            Hämmerle and et.al., (2015) elucidated that digital technologies both positively and negatively impact on the organization. It helps in increasing the quality and quantity of products and services of the organization and at the same time it increases complexities within the organization. Digital technologies establish well defined and efficient structure of information system within the organization through which management can easily able to communicate, coordinate and interact with each other. As compared with traditional methods of doing activities, digital methods have made significant impact on the organization. Matt, Kieckhäfer,  Wachter and Spengler,  (2017) said that digital technologies aid in enhancing the profitability and productivity of the organization. It fosters employees’ motivation and satisfaction by eroding conflicts within the organization. Through digital technologies like video conferencing, management need not have to waste time in traveling as they can communicate within office premises. Ball, Ladel and Siller, (2018) argued that machines have now replaced man. In present era, management prefers machines over man which increases unemployment rate within the economy. No doubt digital technologies transform the perspective of organization and made it more robust but it also hinders employee’s growth and development. Furthermore, it also increases the cost of organization as they have to train their workforce efficiently so that they can handle and control these technologies effectively.

Challenges of digital technologies

            Pink, (2016) said that digital technologies help in enhancing the profitability and productivity of the organization but it also increases complexities and challenges for managers simultaneously. There are ample of challenges which are associated with the implications of digital technologies which managers faced while exploiting it. Davies, Coleman and Livingstone, (2015) connotes that managers and management faced challenge of identifying precise and appropriate technologies which suits their purpose. There are loads of technologies available in the market which helps in reducing the manual efforts and enhancing the productivity of the organization. Managers found it difficult to detect and track optimum technologies which fit to their production line. Groshen and et.al., (2017) said that another challenge faced by the managers is providing training and development to the employees. Training is essential for raising skills and abilities of employees. It becomes difficult for the management to provide effective training and development to employees as it requires sufficient amount of budget which could affects the financial position of the organization.

identify the significance of digital technologies in enhancing growth of organization

            As per Kang and Kim, (2017) the task administration is centre of business exercises. This is useful to configuration, make and convey better and compelling item and administrations. In as opposed to David, David and David, (2017) states that advanced innovation is useful keeping in mind the end goal to dealing with the activity of firm. In addition, the mechanical headway helps firm keeping in mind the end goal to speak with  specifically. With satisfactory innovation the firm can make strides in connection to spare time and cash by orchestrating meeting over web. Brought up this is helpful keeping in mind the end goal to include better collaboration inside representatives from varied areas. Also, it can be utilized to ensure the classified data, money related information and different things which are essential advantages for the firm. Along these lines it can be consistent with said that the innovation is the inner piece of business activity. Subsequently, it can be consistent with said that changing in innovation empowers changes in process. The innovation is useful with a specific end goal to dealing with the general exercises of the firm in the compelling way. This will keep up the task of business undertaking mastery. As per its perspective can be said that the innovation assumes the critical part with a specific end goal to have increase in the speed of business where task are being directed. The quality in administrations is the real part which is should have been kept up for long haul maintainability in showcase. Tesco is stepping up with regards to convey creative administrations to its  so expansive number of client can be pulled in with the working of big business. The firm need to make strides so as to bring the procedure of digitalisation into the firm so that there can have better office which will be useful to extend the development of the business venture. Priem, Wenzel and Koch, (2017) Pointed out that the quality administration is the centre factor with the assistance of which the business can ready to run its capacity adequately and effectively in advertise. Tesco is conveying its administrations as retail segment, consequently, it is critical to deal with the quality parameter of staple giving by them. These sorts of exercises are basic keeping in mind the end goal to procure the bigger measure of the benefit and profitability.

To analyse the impact of digital technologies on business operations.

            According to states that Tomczak, Reinecke and Kuss, (2018) digital technology is helpful in terms to create the long term growth in market. In this term it can be said that digital technologies have reduced the time, efforts and cost of the organization and help them in accomplishing their set business goals and targets effectively and efficiently. Tesco is taking various initiatives in term so implementing the process to technology so that operational function of the firm can be creative. The digitalisation approach impact the working of the enterprise in the huge context as it brings the smooth flow of working do that there can be possibilities in order to streamlines the operations of the enterprise. Thus, it provides the effective facilities to the customers. This kind of the facilities attracts the customer in order to provide the proficient and efficient working in the enterprise. With help of the digitalisation there can be possibilities in order to bring the innovative services so that brand image of the firm can be maintained. In addition to this, David, David and David, (2017)   states that digital technology will be helpful in term to improvise the operation of firm by implementing the effective techniques. Technology is helpful in order to bring systematic operation in the market. By having technological advance there can be reduction in things as are time, quality and products. As per the view of Ross and Lozano-Rojas, (2018)   states tat digital information is the well known conceopt in the today business environment and this is need to be managed in order to bring foster growth in the enterprise. Thus,    states that growing connectivity of the people, machines and businesses all has changed the demand in market. As per the view of Priem, Wenzel and Koch, (2017)     Ross and Lozano-Rojas, (2018) states that to be the competitive in the market it is essential to adjust with the adaptability so that firm can able to grow its operation in fasted manner. On the other hand,     states that entities can able to embrace the innovation, ensure effective customer engagement so that all kind of things can be proceed in effective and efficient mode. With help of it firm is able to tracks and reporting the all things in the systematic mode and this kind of the activities leads to achieve the long term objectives in the enterprise. Thus,  David, David and David, (2017) states that with the help of execution of digital transformation there can be possibilities to have the results in instantaneous process. In addition to this, it can be said that with help of this kind of the function there will be possibility to bring systematic operations in the enterprise.

Identification of the challenges faced by management in the process of using digital technologies. In this, it can be said that the firm must achieve the real time supply chain visibility so that there can be possibility in order to have system based production. By enabling the  effective process of digitalisation the firm can able to improvise and reduce the cost so that there can be improvement in all the function of

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