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Managing A Successful Business Project

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Introduction: Managing A Successful Business Project

Digital innovation in organizations helps to produce effective identification of business growth and different future prospects for business expansion. Implementation of innovative digital tools for different types of business activity which effectively identify requirements with possible outcomes. This is going to conduct a project management plan regarding the implementation of innovative digital tools in Forever Unique company to improve online and offline business activities is productive growth. Implementation of digital transformation in organizations involving different aspects of employee productivity and business opportunity enhancement. This organization operates a business in the fashion industry like a range of women's clothing online, from dresses to jackets. Implementation of innovative detail tools in operational activity would be going to involve business productivity and profitability with different aspect analysis. Conducting effective digital transformation in operational activities going to involve the productivity growth of employees which will be presented in this report.

Project planning

Project aim

The project aim has been conducted to identify different potential results of project management plans. The project plan regarding the implementation of d in digital tools in Forever Unique company would be going to present different aspects of the business activity of this organization. additional information regarding the importance of implementing digital tools in operational activities would be effectively working with better results presenting in project efficiency growth (Bala and Verma, 2018). The project aims to present productivity growth possibilities along with defining positive feedback in employee productivity growth. An organization operates their business activities through employees' productivity continuous communication activities by digital communication platform. Productivity growth in Forever Unique company would be possible by continuous communication and managerial activities between employees to be possible through digital tools implementation in organizational operations. Another prospect of this project plan's aim is to present possibilities of business growth and effective result orientation by the implementation of a digital communication system with customers. The milestone opposite plan would be implementation of digital tools to enhance business growth by possible profitability gain in operational activities.

Research objective

  • To identification of previous years business performance impact on project magnet
  • To gain knowledge about business possibilities and drawback in project management
  • To evaluate finial and non-finial resource management to complete work with in allocated time
  • To identification of customer attraction strategies for project efficiency gain

Research strategy

The study's historical context serves as a gauge for the project's overall scope. The study's background can occasionally be used to describe the aspects that contribute to problem solving and constructive goals. The greatest way to comply with experiment strategy and improve the project's overall quality is through findings and analysis. The context of the research provides a comprehensive description of numerous project risks and challenges. The project background and the methodical approach to improve the project's future opportunity both describe the grounded theory and ethnography components of the project managers. The study's backdrop explains the research context, which clarifies the overarching general perspective of the particular endeavour. The study's background information offers the broad details regarding organization previous performance.

Research design

Descriptive design has been adapted by research to identify insights analysis of project management activities along with different drawbacks regarding informative analysis that would be presented by previous research topic evaluation. Correlation design approaches by research are going to present it for relative analysis of different variables that evaluate possibilities and because measurement required for Business growth. Approaching defective knowledge gains by research that would be identified in constant mitigation approach implementation in project management to gain financial advantage.

Research sampling

Research has applied primary data to pinpoint insights analysis of project management activities as well as several disadvantages to informative analysis that would be shown by reviewing prior research subject evaluation. Research-based quantitative data methodologies will also be presented for comparative analysis of many variables that assess opportunities and provide the measurement necessary for business expansion. Approaching faulty knowledge gains bi-research that would be identified in continuous abatement device or application in project management to earn financially.

Factors considered in compiling a project management plan (PMP)

Project management planning conducting with different activities and steps Starting project activities with effective goals and planning for project efficiency gains. In this report Project Planning regarding implementation of digital tools would be conducted through project initiation and conception identification information regarding digital tools implementation in Forever Unique company. Additional Project Planning conducting different types of implementation stage wood is going to deliver effective results for the continuation of digital tools used in organizational activities. Project execution is going to involve different aspects and possibilities of project competition regarding digital tools used in Forever Unique company (Pandey et al. 2020). Performance monitoring of project plans would be evaluated at activities and productivity growth in the organization after the implementation of digital tools in Forever Unique company. Additional information regarding project closure would be presented in different aspects of project implementation like efficiency rate, development identification and raised issues regarding information is going to use in further business activity to mitigate the uncertain crisis.

Conception and initiation

Project initiation and concept regarding implementation of digital tools in Forever Unique company has been contacted through implementation of AI based communication system along with cloud based management tools. Implementation of digital tools is going to enforce this business activity and productivity with effective growth in business operation (Himesh et al. 2018). Initiation of the project would be operated through identification of financial resource requirement and project activities implementation benefit in organizational growth that would be effective to identify return on Investment for this organization. Initiation also can be contacted through implementation of AI based systems involving growth of communication between employees to identify possible growth outcomes after installation of digital tools.

Project planning

Project plan is going to involve different aspects and implementing AI based tools in Forever Unique company. Additional information regarding project plan would be conducted by budget and scope of project plan i.e., Implementation of digital tool financial resources to be considered in project plan activities to identify possibility of financial resource preparation. Deadlines regarding project plans will also be conducted in these activities that will present an effective time period for each operational activity of the Thai project plan. Different teams' roles in operational activities are also being conducted in the activities to part for me effective result in the implementation of digital tools (Purwanti, 2021). A communication plan would be presented to identify between teamwork to present an effective result in organizational productivity enhancement. Project milestones were also presented in the project plan to deliver the expected outcome of the implementation of digital tools. 

Project execution

Project execution would be presented through budget planning activities to identify different budgets of this project plan to identify actual financial resource requirements for project implementation. Additional resource planning would be effective to gain information regarding allocation of financial and non-financial resources for each operational activity. Project status report is going to present effective identification of project conditions under which requirement of different financial and non-financial resources to gain an advantage in project execution (Hashim, 2018). Implementation of digital tools in Forever Unique company would be effective to identify different prospects of budget gain information and knowledge regarding requirement of initial resources. Additional, non-financial resources like manpower would be identified and project implementation because of allocation of tasks in different teams would be effectively working on digital tool implementation.

Performance/monitoring

Performance and monitoring and analysis of project plan would be conducted through project goals comparison with expected outcome of the project plan. The deliverable quality of project plan would be identified understanding different financial and nonfinancial benefits of Forever Unique company. Team performance in the project plan would be conducted to identify the performance of the project plan and monitor each activity to identify project errors (Herhausen et al. 2020). Implementation of mitigation Strategies for project performance would be involved in effective organizational performance development.

Project close

Project close activity would be going to present project success and closer would be going to present budget efficiency goals and productivity depending on organizational benefits. Complete process of project activities good going to deliver effective desert in operational growth of Organization in going to provide project close are as effective outcome. Is it closer to presenting effective result opposite planning that concludes with an effective goal opposite plan has been achieved and retrospect result for the organization. Considering Forever Unique company would be going to involve a project plan of the consequences of implementing digital tools would be impacted on organization for fertility and productivity.

Work breakdown structure

Work breakdown structure

Figure 1: Work breakdown structure

Gantt chart

Figure 2: Gantt chart

Work breakdown structure has presented digital tool implementation activities for effective result achievement for Forever Unique company. According to brand chart analysis, presenting each operational activity of digital tools implementation would be conducted with an effective deadline that is going to deliver the whole project operation within the allocated time period.

Conduct primary and secondary research

Questionnaires

Q1: What experience can be beneficial for digital transformation initiatives?

Q2: What expertise can be offered at the time of digital transformation?

Q3: What approach can be leading for digital transformation?

Q4: How can digital transformation initiatives be defined?

Q5: How to manage employee change by using AI tools?

Q6: What are the most successful tools to manage employees?

Q7: How will digital technology evolve over the next 10 years?

Q8: What is the most influential factor to implementing digital transformation?

Q9: Why do individual organizations need to implement digital transformation?

Q10: What does the digital transformation team need to succeed?

Q11: What is digital transformation and why does it matter?

Q12: How does digital technology impact the company?

Range of research methods and strategies

In order to identify the research methods that are necessary for the individual organization, many professionals are using two main categories such as qualitative as well as quantitative data analysis research methods. Additionally, measuring numerical data of the organization is also mandatory and statistical analysis is always important to analyze the business situations to explore the crucial information related to the organization. Tesco Plc and Marks and Spencer’s are chosen companies and quantitative research methods are to make necessary connections by using numerical data (Martens et al. 2018). There are many types of research methods and participants make connections by using qualitative data collection methods which play a different role.

Multiple data collection methods are necessary to identify the current situation of both companies and observational study is always important for the business. The questionnaires as well as multiple surveys are necessary for the individual business organizations and large groups of individuals and are typically used to measure the quantitative data to measure research methods. The numerical data as well as questionnaires are necessary for the individual business organizations and also mandatory to include some major benefits of the organizations (Gemünden et al. 2018). The survey questionnaires are necessary for the business organizations and that are able to select multiple selections that can describe the minimum percentage of employees of the organization. A modified observational study is always important for the individual business organizations and that can identify how to resolve the necessary outcomes of business. 

Digital transformation of two different organizations

Tesco Plc

Digital transformation always important for the individual organizations and multiple aspects are identify from the numerous aspects of business and its business model always important to develop customers experience which is necessary for the individual. Digitalization has been radically changing existing organization and profitability of Tesco Plc gradually increased by 7.14% respectively in the financial year of 2020. The digital technologies are efficiently managing how to redefine their business model and digital technology is always necessary for the individual and that efficiently describes complete details related to the organization. Most of the business organizations are using technology and are able to manage organizational outcomes which is necessary for the business. In recent financial performance of Tesco Plc increased by 11% due to digital technology in FY 2021 and £51 billion as of 2018 (Tescoplc.com, 2022).

The financial performance includes cash flow, profitability, liquidity analysis and asset management which is necessary to identify individual business models to manage organizational benefits. In recent years net profit and earning are always important tools to measure current financial performance of the company and sometimes companies use double digit sales to increase its profitability along with the cash flow in business. Apart from that, liquidity analysis as well as cash management are always important for the business and recent financial performance and total sales also increased by 11% by using digital technology and the total profitability also increased in the financial year 2018 (Marksandspenser.com, 2022). In the financial year 2020/2021 companies’ total revenue increased by £1.3 billion compared to the prior financial year. The actual reason behind the profitability growth is using digital technology which is necessary to manage each financial resource related to the company.

Marks and spencer

A digital innovation is always important for the individual business organizations and that can identify how to resolve major difficulties. Financial management tools are always important for the business and that identify from the current financial transactions or activities. A cloud based workflow is always important for the individual and that is able to manage automation techniques but sometimes digital disruption directly affects organizational profitability (Cooper and Sommer, 2018). A stem line finance management is always crucial for the business and resolves organizational difficulties. The financial performance of marks and Spencer is more essential and that directly involves some crucial benefits in financial performance. The financial capability of the organization is always useful and that efficiently managing financial performance of marks and Spencer and positive assumptions are important to identify the basic difference between the financial performance and positive associations.

A common size statement always useful for the individual business organizations and that able to identify how to resolve complex situation of business. In order to, financial analysis of the business organization always important to identify current business performance and comparative financial statement always important for the individual business organization. Apart from that, digital disruption directly affects financial performance of Marks and Spencer’s and profitability reduced by 2.81% respectively in the financial year of 2020. In order to compare the actual profit of the organization it is always important to increase future benefits and compare the actuals which are necessary for the business (Keers and van Fenema, 2018). Additionally, maximizing the financial benefits of the organization is always important and that increases organizational profitability. Marks $spencer financial analysis shows that profitability increased due to digital innovation. The debt as well as equity position of the business always important and that can maximize the major benefits of business and financial performance increased by 2.81%.

Value and benefits of using innovative digital tools

Digital transformation is always crucial for and digital technology is always important and areas of business also mandatory to measure the efficiency level of business. In order to, improves the financial structures of business digital tools played different role which is listed below:

Enhance data collection

Collection of customer data is always important for the individual business organizations and incorporates real benefits to achieve the succession plan of the organization. Additionally, incorporating new data is always important within the organization and efficiently managing numerous difficulties related to the organization and eliminating them for business intelligence. Apart from that, gathering business intelligence is always important and being able to find out some potential solutions related to the business (Correani et al. 2020). Enhancing innovative opportunity data collection methods is crucial and that improves organizational functioning as well as business intelligence. Sometimes a vital approach can be used by the individual organization and that includes business perfection and achieving profitable outcomes.

Stronger resource management

‘Digital transformation’ consolidates stronger resource management and that suits businesses to increase major profitability. The average number of applications used by the individual business organizations and efficiently managing organizational resources in the business. Data driven techniques are always important for the business and effective business strategy is always important which is careful about the better understanding of customers (Bezdrob et al. 2020). Stronger resource management is always important and maximizes the major benefits of business. A stronger resource management always resolves numerous problems related to the organizations to emphasize social networks achieving profitable outcomes.

Better customer experience 

Digital transformation considers better customer satisfaction which is necessary for the business and also improves customer experience. The communication also needed for the digital transformation and that can be able to maximize the financial performance of business. Unlocking efficiencies as well as digital transformation are always important and that can identify some cultural benefits related to the organization (Grover et al. 2018). Managing the financial resources is always important and efficiently managing economic benefits. 

Arrears of good practice of innovative digital tools

Conversational marketing

A leading conversational marketing is always important for the individual business organizations and that efficiently manages interactive services related to the organizations. Individual audiences are trying to manage the effective business outcomes which are necessary for the organizations. Innovative digital tools are always important and good practices are always important for the individual business which is managing all the difficulties of the business (Wamba-Taguimdje et al. 2020). An interactive market conditions are always important and efficiently managing the major benefits to continuously improve business performance. Conversational marketing always increases organizational benefits and social media is important to managing all the financial resources of the organization. 

Restructuring business

Communication as well as effective time management skills are always important for the business to build effective relationships among the individual. Numerous audiences are trying to manage marketing campaigns frequently through using innovative digital tools to restructure the entire business process for achieving profitable outcomes. A conversational marketing is effectively managing all the difficulties which are necessary for the business (Amhag et al. 2019). The important dialogues as well as chatbots, always useful for managing organizational performance and marketing campaigns, are trying to make new connections among the individual people and improve social networks to increase major benefits of the organizations.

Findings and analysis

Finding and analysis activities of this report would be conducted through two organization financial report analyses that are going to present the effectiveness of digital tools implementation, organizational productivity and profitability. Contacting findings regarding financial and non-financial development by using digital tools implementation in organization activity would be contacted based on financial report analysis, where Tesco PLC and Mark and Spencer PLC financial aspect would be considered for findings of affectivity of digital tools implementation.

Descriptive analysis of revenue and profitability of Tesco PLC

2022

2021

2020

2019

Mean

9303472.279

Mean

9240693.376

Mean

9605689.575

Mean

9531019.811

Standard Error

3599333.527

Standard Error

3401112.086

Standard Error

3824990.941

Standard Error

3791174.427

Median

1501000

Median

1636200

Median

1128683.5

Median

1348500

Mode

1481000

Mode

6143000

Mode

971000

Mode

1322000

Standard Deviation

19714361.65

Standard Deviation

18628658.1

Standard Deviation

20950338.2

Standard Deviation

20765117.53

Sample Variance

3.88656E+14

Sample Variance

3.47027E+14

Sample Variance

4.38917E+14

Sample Variance

4.3119E+14

Kurtosis

3.291275999

Kurtosis

3.134826397

Kurtosis

3.291553931

Kurtosis

3.302717724

Skewness

2.229629202

Skewness

2.177000681

Skewness

2.230974647

Skewness

2.236488435

Range

62048000

Range

58610000

Range

65586000

Range

64272000

Minimum

-665000

Minimum

-723000

Minimum

-826000

Minimum

-361000

Maximum

61383000

Maximum

57887000

Maximum

64760000

Maximum

63911000

Sum

279104168.4

Sum

277220801.3

Sum

288170687.3

Sum

285930594.3

Count

30

Count

30

Count

30

Count

30

Confidence Level(95.0%)

7361463.622

Confidence Level(95.0%)

6956055.254

Confidence Level(95.0%)

7822984.853

Confidence Level(95.0%)

7753822.316

Table 1: Descriptive analysis of financial performance

Descriptive analysis of revenue and profitability of Tesco PLC has determined the implementation of digital tools for Organizational activities to work effectively and presenting excessive growth in covid-19 period. According to the financial report 2022 of Tesco PLC, the mean value of revenue is 9303472.279 that represents organizational profitability. This is positive compared to previous years. Previous financial year 2019 means has been identified 9240693.376, conducted popularity growth of this organization is going due to revenue volume enhancement. Additional prospect of descriptive analysis also presenting cost consumption of operational activities that present Standard deviation value 19714361.65. Progression of revenue and cost consumption relation Explore financial aspect of this organization going to present effective result in operational activities due to investment of digital tools for production activities.

Graphical presentation of Tesco PLC financial performance

Figure 3: Graphical presentation of Tesco PLC financial performance

Positive approach towards cost consumption in organization has delivered effective results on organizational profitability growth by conjunction operational expenses less in productivity. Maximum value of revenue was also conducted to analyze different facts about operational activities like productive expenditure which has been presented through 61383000. Additionally, mean value of revenue 9605689.575 has indicate operational activities of Tesco PLC provide effective result to growth of revenue by implementation of digital tools because of effective marketing and Advertising activities would be possible by this technology enhancement (Aguilar, 2020). Conference growth and profitability has become possible through productivity growth in Tesco PLC that conducted by in implementation of AI based communication system in operational activities. Additional cloud-based management systems also presented effective results in productivity that provide a resource management approach in this organization.

Descriptive analysis of revenue and profitability of M&S

2022

2021

2020

2019

Mean

1678598.849

Mean

1323135.477

Mean

1498466.388

Mean

1497090.292

Standard Error

543221.0633

Standard Error

486119.1679

Standard Error

513449.7436

Standard Error

521866.9592

Median

306600

Median

5600

Median

234500

Median

108100

Mode

306600

Mode

-198000

Mode

23700

Mode

33500

Standard Deviation

3024526.878

Standard Deviation

2706596.979

Standard Deviation

2858767.184

Standard Deviation

2905632.257

Sample Variance

9.14776E+12

Sample Variance

7.32567E+12

Sample Variance

8.17255E+12

Sample Variance

8.4427E+12

Kurtosis

3.781963995

Kurtosis

3.489560182

Kurtosis

3.657052757

Kurtosis

3.738791694

Skewness

2.163882988

Skewness

2.101719124

Skewness

2.126136005

Skewness

2.140253161

Range

11071200

Range

9460000

Range

10517800

Range

10819400

Minimum

-186100

Minimum

-209400

Minimum

-335900

Minimum

-442100

Maximum

10885100

Maximum

9250600

Maximum

10181900

Maximum

10377300

Sum

52036564.31

Sum

41017199.8

Sum

46452458.02

Sum

46409799.04

Count

31

Count

31

Count

31

Count

31

Confidence Level(95.0%)

1109405.415

Confidence Level(95.0%)

992787.7871

Confidence Level(95.0%)

1048604.269

Confidence Level(95.0%)

1065794.517

Table 2: Descriptive analysis of financial performance

Descriptive analysis of revenue and profitability has shown productivity of this organization has been developed by an effective growth in profitability and resource management. It has been presented through the mean value of financial year 2019 is 1497090.292. Additional information regarding profitability growth in this organization has been notified by analyzing operational costs that indicate a median value of 108100. This median value is also considered productivity growth in organization has been operated through efficiency gain in operational activities by development of digital tools (Hillmayr et al. 2020). Considering the different productivity of this organization has been operated with effective result in operational growth of mean value of 1498466.388 in FY 2020. Maximum productivity of this financial year has indicated maximum production level is negative around -335900 because of the pandemic situation organization expected to result in operational productivity (El Junusi, 2020). Next financial year 2021 implementation of digital tools for productivity growth organizations will be able to communicate with employees and customers effectively to enforce the growth of this organization's revenue.

Graphical presentation of M&S PLC financial performance

Figure 4: Graphical presentation of M&S PLC financial performance

The productivity growth of this organization has been identified deficit in the financial year 2020 due to a situation where the implementation of digital tools in the financial year 2021 presented revenue growth of Mark and Spencer in a positive manner. Additional cost conjunction regarding the implementation of digital tools organization's net profitability fails to achieve the expected result, whereas in the next financial year, it would become positively developed and provide effective financial ability to this organization (?osi? et al. 2020). Mean value of financial year 2022 indicates positive growth in mean value 1678598.849, which is information of financial development in operational activities due to the use of AI based digital programming platforms.

Descriptive analysis of historic data of M&S PLC

Open

 High

Low

Low

Adj Close

 Return

Mean

187.5876

Mean

203.8055

Mean

171.7504

Mean

179.9359

Mean

-2.39295

Standard Error

9.037826

Standard Error

8.926284

Standard Error

8.796425

Standard Error

7.366812

Standard Error

2.617855

Median

180.5

Median

195

Median

166

Median

177.573

Median

-2.89557

Mode

99

Mode

275.6047

Mode

92.18

Mode

135.5

Mode

#N/A

Standard Deviation

70.58768

Standard Deviation

69.7165

Standard Deviation

68.70228

Standard Deviation

57.53664

Standard Deviation

20.27782

Sample Variance

4982.621

Sample Variance

4860.391

Sample Variance

4720.003

Sample Variance

3310.465

Sample Variance

411.1899

Kurtosis

-0.76496

Kurtosis

-0.45229

Kurtosis

-0.84486

Kurtosis

-1.33546

Kurtosis

1.217382

Skewness

-0.09014

Skewness

-0.23748

Skewness

0.045996

Skewness

0.056034

Skewness

0.016922

Range

298.8645

Range

312.1558

Range

287.0922

Range

181.9856

Range

111.76

Minimum

0

Minimum

0

Minimum

0

Minimum

89.14

Minimum

-59.16

Maximum

298.8645

Maximum

312.1558

Maximum

287.0922

Maximum

271.1255

Maximum

52.59999

Sum

11442.84

Sum

12432.14

Sum

10476.78

Sum

10976.09

Sum

-143.577

Count

61

Count

61

Count

61

Count

61

Count

60

Confidence Level(95.0%)

18.07834

Confidence Level(95.0%)

17.85523

Confidence Level(95.0%)

17.59547

Confidence Level(95.0%)

14.73582

Confidence Level(95.0%)

5.238316

Table 3: Descriptive analysis of stock price

Descriptive statistics of Mark and Spencer PLC historical financial performance in the capital market has described the movement of stock prices of this organization depending on performance and productivity (Krishen et al. 2021). Descriptive analysis open value of the stock price has presented 270.5238832 as mean value that indicates organization movement is positive to gain financial benefits for investors and also it indicates organization positive performance influence new investors to invest in this organization. Operational activities of this organization have been developed by progressive implementation of digital tools in conducting product growth in this organization with a highly efficient working culture environment (Bond et al. 2018). Adjusted close value equity price of Mark and Spencer indicate positive movement in month-wise performance that presents active growth of this organization vitamin effective to improve sperm fertility by implementing of iot digital tool. Implementation of AI based communication process in organization Mark and Spencer April to manage distribution products with effective result due to that reason organization operating expenses become less and produce positive change in profitability and going to enforce effective result for organizational benefits. Mark and Spencer have faced challenges in covid-19 period due to physical distribution customer participation has become less and ineffective to produce sufficient revenue, which has been developed by operational activities growth with AI-based marketing platform.

Descriptive analysis of historic data of Tesco PLC

Open

 High

Low

Low

Adj Close

 Return

Mean

270.5239

Mean

288.1695

Mean

256.4652

Mean

219.3593

Mean

0.791988

Standard Error

5.830087

Standard Error

6.534766

Standard Error

5.591658

Standard Error

3.257966

Standard Error

2.049472

Median

278.6665

Median

293.3598

Median

262.1998

Median

214.2986

Median

1.560341

Mode

265.8732

Mode

306.6598

Mode

#N/A

Mode

#N/A

Mode

#N/A

Standard Deviation

45.53443

Standard Deviation

51.03816

Standard Deviation

43.67225

Standard Deviation

25.44553

Standard Deviation

15.87514

Sample Variance

2073.385

Sample Variance

2604.894

Sample Variance

1907.265

Sample Variance

647.4748

Sample Variance

252.0202

Kurtosis

20.24401

Kurtosis

16.81953

Kurtosis

19.24864

Kurtosis

0.075337

Kurtosis

3.295824

Skewness

-3.59972

Skewness

-2.79158

Skewness

-3.45785

Skewness

0.524637

Skewness

-0.83581

Range

329.2065

Range

421.3818

Range

320.9732

Range

111.624

Range

98.05319

Minimum

0

Minimum

0

Minimum

0

Minimum

171.2063

Minimum

-59.8973

Maximum

329.2065

Maximum

421.3818

Maximum

320.9732

Maximum

282.8304

Maximum

38.1559

Sum

16501.96

Sum

17578.34

Sum

15644.38

Sum

13380.92

Sum

47.51926

Count

61

Count

61

Count

61

Count

61

Count

60

Confidence Level(95.0%)

11.66191

Confidence Level(95.0%)

13.07148

Confidence Level(95.0%)

11.18498

Confidence Level(95.0%)

6.516902

Confidence Level(95.0%)

4.100984

Table 4: Descriptive analysis of stock price

Descriptive analysis identifies return generation through investment in Tesco PLC indicates the participation of investors to this organization. Considering the mean value of 270.5238832of monthly return, identify organizational productivity growth influences investors to participate in investments that increase Tesco PLC stock Price value with effective reason by identification of 288.1694523. Implementation of digital tools like cloud-based system organization able to conduct an effective business model for online marketing activities performing growth in the B2C business segment and provide effective revenue to the organization. Operational activities of this organization continuously progress with positive operating profit that indicate organization development in operational activities (Pandey and Pal, 2020). Performing the revenue growth in Tesco PLC also provides information regarding the importance of implementation of digital tools. Productivity enhancement through cloud-based systems able to provide continuous supply of products to consumers with effective results and also implement Cost Management activities by minimal use of financial and non-financial resources (Happ and Horváth, 2020). Implementation of digital tools in activity to safe activity in marketing approach along with less consumption of cost in productivity that deliver effective results for financial development.

Recommendation

Based on the above context, digital transformation always important for the organization and recommendations are implementing new applications to achieve profitable outcomes which is listed below:

R1: Cloud computing

Every business organization needs positive support for future development and cloud computing improves the robust infrastructure of business and expected growth can be increased by 2.18% respectively and increasing major demand. In order to, disruptive technology is always important for the individual business organizations and restructuring the efficient business process related to the organization.

R2: Block chain technology

Dealing with the efficient business performance is always important and separate marketing conditions are always important to create major benefits of the business. Apart from that, efficient blockchain technology is improved by blockchain technology which is more effective for Forever Unique companies. In order to improve supply chain management of the organization it is always important and blockchain technology achieves profitable outcomes and that helps to increase more future benefits.

R3: Conversational intelligence

Individual organizations need to improve communication to mitigate major conflict by using efficient communication and being able to find out some positive solutions during the complex situation. Apart from that, digital technology always helps to increase business profitability and marketing campaigns are efficiently managing transaction-related issues that are important to identify crucial benefits. 

R4: Immersive experience

In order to, individual businesses need to follow virtual reality which is more effective for the business and the ecommerce industry is continuously increasing organizational benefits. Perhaps digital disruption directly affects Forever Unique company performance but sometimes online visitors are trying to manage the business performance by using online marketing and customers are satisfied through the efficient services.

Reflect on the value gained from implementing the project

Implementation of digital tools in operational activities improvised productivity continuous communication with employees and customers directly improves organization profitability. Financial aspects of implementing digital tools require financial resources at the initial stage which would be beneficiary for growth of profitability in next financial years. Approaching toward positive implementation of digital tools improves the productivity of organizations by learning matching technology. Utilizing a cloud-based system offers advantages to identify inventory level and requirement of products for marketing to evaluate actual requirement of production. Cost management policies of organisations dependent on productivity enhancement and output of the productivity is going to reduce the average cost of production. The use of digital tools has improved performance in both firms, as determined by descriptive analysis of financial reports. After the death of Savitri, businesses that operate through brick-and-mortar stores that connect with customers via social media platforms and grow organisations that suggest online business activity (B2C business model) could be developed by enhancing digital tools in organisational activities faced challenges. Cost Management policies of organizations depending on productivity enhancement and output of the productivity is going to reduce the average cost of production and Organization, where using a cloud base system provides benefits to identify inventory level and requirement of products for marketing to evaluate actual requirement of production. Descriptive analysis of financial reports evaluates performance growth in both organizations due to the implementation of digital tools. Post Savitri hot organization faced challenges to operate business activity through retail stores where AI-based digital platforms connect customers through social media platforms and growth of organizations that indicate online business activity (B2C business model) could be developed by enhancing digital tools in organizational activities.

Conclusion

Analyzing importance and efficiency in business operation helps to conclude that business organizations need to implement digital tools for productivity growth and utilization of financial resources for optimal levels that produce higher effective levels in financial conditions. In order to enhance a company's financial performance, the digital revolution also requires effective communication. Gaining efficiencies and undergoing a digital transformation are always crucial, and these processes might reveal certain organizational culture advantages. AI-based detail tools Organizational marketing activities that provide positive growth in revenue generation. Using digital platforms for operational activities organized and becoming able to connect with global customers by minimum financial resource use. When it comes to effectively managing the organization's many challenges and removing them for business intelligence, new data is always crucial. In addition, acquiring business intelligence and being able to identify some viable business-related solutions are always vital. Additionally, enhancing the organization's financial gains is always crucial because doing so raises profitability. Financial research Regarding fast financial activities of organization compared with revenue deliver digital innovation to enhanced profitability.

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