OBU RAP Topic 2


An evaluation of how the introduction of a new technology can assist an organization in achieving its business objectives

                                 

Information Technology

The improved knowledge of the general requirements of the specific proposed technology and a discussion of the effective application to reach the business objectives of the selected company under the guidance of a highly qualified mentor is are key factors for successful passing of the RAP.

 

Overview

Technology is defined as the purposeful application of the scientific information in the design, production and utilization of goods and services, mainly in an industry setting.

The objective of topic 2 is the identification of the impact of the new technologies on a selected organization and the preparation of a report. The broad aim of this topic is the exploration of the connection between the new technologies and the business sector. The more specific aims of topic 2 are:

  • Understanding and analysis of the new technology concept.
  • Revealing the extent of an association wedged between the technology factor and the business sector.
  • Measurement of the level of impact of the new technologies on the selected company and the benefits in the achievement of the company’s objectives.

As the technology has penetrated in every business function, the executives have felt its effects via the access to the organized, quality information that they can utilize and reach better decisions and via the fundamental support of the day-to-day running of the business.

During the evaluation of the influence of the new technologies of a company, the student needs to carefully consider these answers to these questions:

  • The business objectives of the selected company?
  • What are the measures (in their current state) undertaken by the company to reach its business objectives?
  • What are the essential technology factors for a company to be able to reach its set business objectives?
  • How can a company implement a specific company by considering all the possible positive and negative impacts?
  • The types of direct/parallel method of implementation should be used for achieving the maximal benefits?
  • Is the selected company able to meet the necessary requirements of the technology?
  • Does the organization have enough expertise for obtaining a maximal output from the proposed technology?
  • Is the implementation of a new technology beneficial in achieving the objectives set by the company?
  • What are the contingency measures that are in place by the company, should the proposed technology fail to reach the set objective?
  • What is the long-term help to the company from the new technology?
  • What are the benefits to the company by the introduction of the new technology?

Key features/requirements

  • Evaluation of the main aspects of the proposed technology.
  • Evaluation of the general business objectives, both financial and non-financial ones.
  • The connection of the main aspects of the proposed technology with the different operations of the selected company.
  • Evaluation of the impact of the proposed technology on the general business objectives of the selected company.
  • Providing quantitative and qualitative analysis to properly support the noted aspects.
  • Ensure a proper balance in the explanation and analysis of the different aspects that are necessary for completion of the RAP under this topic.

Key Success Factors

  • Adequate knowledge of the general concepts of the different technologies used in business.
  • In-depth knowledge on the main aspects of the proposed technology in the selected company.
  • In-depth knowledge of the operations of the selected company that are under the direct or indirect influence of the proposed technology.
  • Analytical assessment of the aspects of the proposed technology in relation to the general operations of the company.
  • Evaluation of the impact of the different aspect of the proposed technology on the business objectives of the selected company.
  • Adequate application of the selected goals and objectives that were set at the beginning of the RAP in the proper sections of the RAP.
  • Adequate answers to the research questions set in the beginning of the RAP in the appropriate sections of the RAP.
  • The implementation of correct research methodology to get good results on all the selected goals and objectives that were put in place at the beginning of the RAP.
  • Keeping the logical flow of the discussion by having in mind all the requirements of the topic.
  • Provide logical conclusions to the work at the end of the Research Report by having all the requirements of the topic in consideration.

Major benefits of choosing this topic

  • The student can apply their theoretical knowledge in practical situation.
  • The major aspect of the implementation of the technology in business will become known to the student
  • The student can identify the connections between the main aspects of the technology and the operations of the company.
  • The different techniques learned while preparing this topic will help the student in their professional life.

Major possible limitations faced by the student under this topic

  • The student may not be welcomed by the management of the selected company and may not be provided with the required information due to various issues like confidentiality clauses or the unavailability of authorized personnel.
  • The student may lack proper reliable secondary sources of information due to improper research approach or insufficient ideas for improvement of the project.
  • The student may not be able to analytically assess the requirements for this topic due to the technical aspects that do not fall directly under the general Accounts and Finance functions.
  • The student may get confused by the variations between the information acquired through primary sources and the information gathered through the research work.

Suitable organisation under this topic

A most suitable company for the preparation of this topic is such for which the student has the necessary access to the management of the company, and the management is willing to provide the required information. The selection of an adequate company is essential to creating a good RAP, as the student needs to know and understand the general operations of the company and its associated sector. On the knowledge of the company and sector, the student can make the connections to the various aspects of the operations of the selected company with the requirements of the topic and will be able to create a high-quality RAP and get good grades.

When making a decision for a company for their RAP, the student will need to follow these aspects:

  • The personal interest of the student to the general business of the company (very important for topic 2);
  • Access to primary sources of information (especially important in topic 2);
  • Access to reliable secondary sources of information;
  • Understanding the general operations of the selected company (especially important in topic 2);
  • Familiarity with the general sector associated with the selected company;
  • Accessibility of important officials within the selected company (extremely important in topic 2); and
  • A general idea of the requirements of the topic and the proper application in the selected organization at the beginning of the RAP.

Suggested approach for this topic

If the student chooses this topic, then a proper plan must be put in place from the beginning so the student can conduct all the necessary tasks in a proper and timely manner. The student needs to have an in-depth understanding of the major requirements of this topic and will need to analytically evaluate the necessarily required aspects by establishing a detailed strategy of operation. The student will need to evaluate the necessary processes of action that they will have to follow in order to meet all the necessary requirements and this is possible by a thorough planning in the beginning of the RAP.

The student will have to prepare the table of contents of their RAP under topic 2 so that it flows in a logical manner and cover all the tasks that the student needs to adhere to. The prepared table of contents will enable the student to stay on the proper track from the beginning of the project, and the student can estimate the necessary time for completing the various tasks required for the proper completion of the RAP.

After completing the overall content for the RAP under topic 2, the student will need to start gathering the necessary information according to the requirements of the topic. The student will need to evaluate all the gathered information in an analytical manner through consultation with their Project Mentor. The feedback from the Project Mentor is essential in the proper completion of the RAP, so the student needs to regularly share their thoughts with their Project Mentor in order to get the proper guidance in an effective and timely manner.

There is not a uniquely prescribed approach for completing the RAP under topic 2, only a broad level approach is described here. The detailed approach varies according to the perception of the student and the available information of the selected company. Whichever approach is taken by the student, they will need to keep getting guidance from the Project Mentor at every step of the way so they will meet all the prescribed information of this topic and get good grades on the RAP.

Availability of Information

The student will have to complete the RAP based on the provided information directly from the management of the selected organization as the primary source of information, with the various other relevant secondary sources of information like online sources, newspapers, journals, books, etc. For topic 2, the availability of information from the primary source is of great importance as topic 2 cannot be completed without the obtaining of specific information on the selected organization. The student needs to make sure that they have access to extensive information from the management of the selected company and there are no confidentiality issues related to this information.

The student needs to carefully think about choosing topic 2 for their RAP, as the requirements of this topic are only met if the student has access to enough relevant information on the selected company. If there are any issues in acquiring the required information during the preparatory stage of the RAP, the student should consider choosing a different topic, as the improper information can lead to low-quality RAP and low grades or even failure of the RAP.

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