Critical Analysis Of The Impact Of Digital Transformation On The Financial Function
Introduction: Critical Analysis Of The Impact Of Digital Transformation On The Financial Function
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Chapter 1: Introduction
a) Introduction
Digital transformation made a positive impact on every business operation and that involves faster opportunities by increasing customer experience. Smart analytics allows better financial services for the companies which are developed by the digital transformation.
b) Research problem
A research problem is to describe the specific issues which sometimes put a negative impact on the business. The fraudulent practice while recording information, lack of compatibility, and dependency on historical cost are the major negative impacts that are made by the digital transformation (Ossewaarde, 2019). Nonadjustability to inflation is the major problem that is created by digital transformation.
c) Scope of the Study
Developing new technologies for customers' experience through the digital transformation which is convenient and faster. Sainsbury focuses on improving financial services through a digital transformation that makes customer experience easier.
d) Detailed Industry Analysis
Sainsbury's underlying sales revenue in the United Kingdom, around £33.35 billion in sales revenue has been generated. In the year 2021, the total number of employees is 117000 which is increased by almost 4.56% in 2020 (Sainsbury.co.uk, 2022).
e) Overview of the Company
Tesco Plc is considered a major competitor of Sainsbury and the company is trying to make a positive balance between quality and price.
f) Overview of Comparator Company
Credit risk is the major issue which is faced by Tesco Plc and sometimes its revenue also decreases due to the same issues. Tesco Plc is considered a competitor which is the third largest retailer in the world measured by its gross revenue (Tescoplc.com, 2022).
g) Significance of the study
Digital transformation basically changes the way an organization operates which is delivering new efficiencies as per requirement.
h) Research objectives
To improving productivity, and customer experience
To develop business benefits through the business intelligence framework.
i) Hypothesis/Research questions
How do improve business productivity and customer experience for companies' brand image?
How do develop business benefits through digital transformation?
j) Chapter outline
The introduction chapter describes the research problem and future scope which is identified after formulating the research. The research objectives are focused on improving the productivity level along with the customer's experiences.
Chapter 2: Literature Review
a) Introduction
A literature review is an overview of the previously published works on a specific study. Digital transformation is adopted by digital technology which creates new business processes after modifying them. There are three important types of digital transformation business model transformation, organizational transformation and domain transformation. Customer-centric digital tools are necessary to improve customers' journey to achieve long-term business goals and objectives. The operational process is also improved by using numerous business models and that can improve organizational structure. Lack of expertise and knowledge, as well as poor efficiencies, are the major barrier to digital transformation and individual business organizations are facing major issues due to the same reason. In order to, increase customer satisfaction, improved by the digital transformation.
In this chapter, the critical analysis of the tools that are applied in the company Tesco plc is discussed in brief. Digital tools, new techniques and artificial intelligence is provided to hence the current system of the company to adapt to the necessary changes. Different concepts and varieties of business and financial models are classified as per the business scenario to help better competencies to make it accurate and absorbed. It is also stated that using a different model in managing the firm acquisition can bring favourable outcomes to the companies in a short span of time. Adapting new techniques and methods enables the firm to complete the current market aspects.
As the company operate in the retail sector of the country UK, the marke4t segments are affected by the other external factors related to business. It is also stated that using the latest technology can improve its means in developing the abovementioned segments that are usually depicted to show more results in gagging profitable table outcomes. Critical discussion of each topic ensures better terms to the company in maintaining the changes to develop many aspects.
b) Definitions, concepts and models
Digital transformation is necessary to develop customers' experiences along with a high-quality user experience. Digital transformation is necessary that creates and gather accurate data or services to increase a higher level of business intelligence. Current attributes of the firm in gaining competencies to get more favourable outcomes. As per the view of Ashby et al. (2019), defining the financial parts of the company it can be stated that as one of the leading organisations the firm is using the latest software to maintain its financial records. Here the researcher has made a few regulations to ensure regular matinee ensures proper n effective technology that can easily be demanded by the users of the financial statements that are easily maintained in managing the firm's aspects. It can be stated that all the numerical expressions, transitions and events are organised within the company in terms of applying suitable models and theories. Application of theories is also stated as a beneficiary element where the company opts for masking more no. of changes in their financial sector. As stated by Awadari and Kanwal (2019), different financial models can help the firm to reduce the risks in terms of maintaining its financial accounts. The concept of financial application has derived the most suitable aspects to develop the marketing and selling segments.
Enables software monetization
The continuous business process is developed by software monetization which is to maximize the product value in the market. Sometimes individual business organizations are using a software listening process that is included in the open-source model (Chanias et al. 2019). The specific technique is necessary to increase the business demand of individual business organizations and which is improves the customer satisfaction process.
High-quality user experience
User experience involved the market research, site architecture and content strategy of the market which is necessary to identify the business objectives. Everything begins with user research and can easily identify the responsive practices due to digital functions (Gil-Gomez et al. 2020). The financial programming of individual business organizations has improved with the digital strategy but there are some difficulties that are created by the specific process. The difficulties are financial statement limitations, involving online breaches, and dependency on the historical cost of the market. High-quality customer experience is minimized by the inaccuracy and rapid shifting environment which puts a negative effect on the market.
Improve communication
Effective communication is required during the purchasing of potential products and digital transformation is mandatory to improve customer satisfaction in the market. Most business organizations are focusing on expert knowledge which is necessary to identify the major limitations of business (Jafari-Sadeghi et al. 2021). The basic concept of digital transformation is improving customers' experience along with a productive business that effectively increases the sales volume of the company. Sales volume of the business organizations is increased by the communicational techniques which are unable better customer satisfaction during the product purchasing.
Productive business process
The productive business process also involved digital transformation which is necessary to virtually control the entire business process of the market. Sometimes digital disruptions are major difficulties which are facing by the individual company and data breaches are considered basic issues which is reveal customers' details. There are various benefits of including digital transformation in the business such as improved productivity level, great customer experience, and organizational transformation.
Theories and model
Dynamic capability theory: The development of numerous business strategies and the medical discontinuous change is also involved in the dynamic capability theory. Dynamic changes are required to identify major business issues of the business and that can easily identify the future opportunities of the organization. The dynamic capabilities are necessary to maintain the competitive advantages of the business. Sometimes the outside opportunities are measured by the dynamic capabilities of the business which is necessary to increase the positive demand of the market. The dynamic capabilities are necessary to increase the dynamic capabilities of the organization.
Innovation theory: An innovative theory is measured by the strategy and leadership skills that can able to meet the potential requirements of the business. Innovation theory highlights the major possibilities of the organization which is introduced the self-awareness as well as implementation strategy which is required to develop learning concepts of individuals. Strategic management, as well as an innovative model, is necessary which is involving the implementation of ideas of the business. New ideas, as well as an innovative decision-making process, are important and can easily identify the major issues.
Organizational learning theory: Learning theory is important for individual business organizations and always focuses on the creation of skills and knowledge. The basic difficulties of the business organization are eliminated by the communicational techniques which are necessary to improving employees' knowledge through the reskilling process (Savastano et al. 2019). Upskilling techniques is required for individual business organization and can easily meet customers' requirement. Financial services sometimes have positive and negative impacts on the organization and that can identify the behaviours of the individuals.
Data protection theory: Specific theory is set by the legal rules and regulations which protect individual employees along with the customers from harmful data breaches. Most business organizations are focused on customer satisfaction and that can fulfil the targeted sales volume of the business.
Models and new technologies used in AI in Tesco plc
Many companies use AI tools in managing their business functions in an accurate way. As per the author Bhaskar et al. (2019), in the context of the company Tesco, the company uses “Trigo's AI system” to manage the company activities. This is one of the best tools that are deployed by many companies in gagging positive outcomes to ensure the best policies and procedures in managing the sources of the firm. In this research paper, the researcher has stated the used models of the company to show how can get a competitive advantage over another firms. It is also stored that in the retail industry using these tools can give the daily events through weight sensors and cameras that are fitted in the companies’ premises. As mentioned by Bilbao-Terol et al. (2018), in order to track shopper's options, it can be stated that the shopkeepers need to evaluate the changes that can be viable to maintain a chain system to mention the stock levels. The main motive of the AI tools is to “predict cash flow events, adjust credit scores and detect fraud” of the stated company.
Monitoring the stock levels at regular intervals can make the company more effective in gauging the trust of the consumers. As narrated by Chapman (2019), as the company stated in the early 1900s, it has great power to gain impact from the customers. Retaining the most trustable and trustworthy competitors makes the firm more authentic and accurate for the business market. Hence there are other technology or database system that can imply useful impacts in gaining profitable components. This grocery company uses computer vision to manage their market intermediaries in an influential way. As per the author Cheruiyot and Jagongo (2022), this is because the company may use other models that are traditionally used by a few other industries but the outcomes were not adequate or fitted in the current market scenario. Therefore, deep learning and neural networks are one of the latest developments that is slowly deployed in many organisations.
Analytics software shows greater efficiency in reading human behaviours and minds. As mentioned by Crovini et al. (2021), many customers use the technology to review the products that are sold by the company. These reviews are reflected in the digital media platforms where the companies published their models that are going to be launched in the market. It is also stated that the co company need to promote the products to gain customers' attention by using the above-mentioned technologies. This can bring more favourable incomes to the organisations as well as exposure to cover or capture a new market. There are many organisations who have arrived that implying latest techniques can hence the productivity of the firm including the customer retains. As opined by Dicuonzo et al. (2019), this is because the retailers must cut down the expenses by returning fewer products to the firm. Personal Apps for phones and computers were developed by thecompany to provide different variations in shopping modes.
Different concepts of Tesco plc
Transformation in the business events emergers new venture and additional aspects to showcase the positive effects in managing profitability aspects. As per the view of Fernández Vilas et al. (2019), the advancement of technologies implies rapid transformation in big firms where they can easily adopt a new addition to ease their current financial segment. Earlier the financial statements are made on a manual basis only the regular transaction are altered to ascertain the exact value of income. In context to this, the company can adopt ither measures to ensure better alternatives to complete with the latest trends. The company mainly emphasises its entire stock value more than the consumer's requirements. This has two values. One is positive and one is negative. As narrated by Griffin and Sampat (2021), a positive outcome is that in case of more demand the company can sell more products whereas in the negative aspect the company can sell less in case of more supply. This shows the dual effects that can imply alternate effects on the company premises as well as on the sales.
Efforts are mainly given to the customers in managing the financial gain aspects where the demand is fulfilled by providing products at a reasonable rate. As stated by Guo and Wang (2019), the financial profession implies different aspects of the company can actively use different met concepts in managing the finances of the company. The researcher has also mentioned the accuracy from where the critical analysis of the tools is easily done. It is also stated that the firm can bring favourable changes in the community by providing acute pieces of information to its users (Spanó and Zagaria 2022). On the other hand, on the companies’ premises, the financial measures are monitored by the finance department which is totally run by using the different machine tools and software made by the tech-savvy companies.
An aggressive expansion strategy is used by the firm to accommodate the recent changes that affect the firm in a positive way. As mentioned by Gurka Dezs?né Csizmás and Kovács (2021), it is also stated that the company merge its financial aspects with the management sector. This is to locate the assumption or to predict what will be beneficial for the firm. From the above figure, it can be estimated that in the year the company spent “81.15 million British pounds” on encouraging the media and tools for enhancing its business performance. This shows a 42% increase in the value of the company by promoting and adapting these changes in the company aspects. This is also stated that the firm has also purchased deferment machine learning methods that are recorded for further acquisitions.
Moreover, the digital transformation in the financial sector implies more value to the company in managing their accounting concepts. As per the author Jia and Bradbury (2020), adjusting the transaction and entries of the regular events by using the abovementioned software and AI tools can show effective results in managing the risks. In order to manage the financial risks, the adaption of these techniques can decree the risk levels to a great extent. It can be stated that a store chain in the grocery sector implies more value to give competition to the parent firm. Sainsbury is stated as the main competitor where they operate their business functions in the same market niche. As opined by Kar et al. (2021), therefore all the systems and financial aspects are recorded by using the same machine and AI tools are used to ascertain the current financial performance of both the company. It is also stated that different methods must be used to manage the secrecy n the financial events.
c) Benefits of adopting digital media and artificial intelligence in managing financial aspects
Using new technologies and adapting new changes in the data management system of the financial spot of the company implies more options for the firm. As mentioned by Kusrini and Sahraen (2021), there are many advantages to adopting these functions to manage the firm's aspects to enhance the company's position to a great extent. In this part, the researcher has reflected on all the merits of adopting the new features. Frictionless impacts and implies more value to the company by enabling viable sources to increase the company's performance. This directly affects the risks management system in covering up the measures. As narrated by Silva et al. (2019), it may create adverse effects in rendering the services to gain competence in the current market scenario. However, the beneficial elements are used in case the firm expands and to use in managing the risks.
The risks that are aroused within the organisation that has the ability to remain in the regular activities of the organisation. As per the view of Liberadzki et al. (2021), creating disturbing elements can reduce the negative aspects. The advantages of implying AI tools and other techniques to decrease the financial risks of a firm are as follows.
Enabling frictionless
Customer interactions
Transaction based on cash
Greater convenience
Robo advisors
The abovementioned points show the benefits of adopting these measures in the company where the efficiency and authenticity of using these tools enable proper use of the financial statements. As narrated by Malafronte and Pereira (2021), proper risk management states that the firm needs to adopt many policies that reduce the risks to ensure better facilitation of work. Frictionless work refers to the work that derives from the incremental uses where the firm entire the better facilitation of work without any defect. Faults in the transaction imply fewer outcomes and accuse various disruptions in the time of analysis in the results. Therefore the data that are recorded in the software has to be without any misinterpretation. As opined by Manning et al. (2020), customer interactions can reduce the risks as they can confront the customers availing their exact views and knotweed regarding a pleco if product. In this, the researcher has used these tools to show the effectiveness of the tools that can enhance the financial sector of the firm. Entering values or events on a regular basis simple more authentic result.
Cash transactions are easily recorded in the books as it is calculated with the help of the machines that are made by saying unique software. As mentioned by Metwally and Diab (2022), this makes the work pressure decline by 45% in the financial sectors. In the contrast to the firm the usage of this kind of machine has reduced the burden of the accountant in dealing with the monetary balances and their accurate management. Using these tools provide easy procedures and is convenient for their use. As the transaction is based on the listed functions of the tools that are used for implying better alternatives. As per the view of Mohapatra and MV (2021), the advice that is given by the machines is stated as robot advisors, these advances can be fruitful for the company. Those decisions are right to a great extent. It can be also stated that the company must use that advice to make the recording of the transaction in a systematic manner.
d) Drawbacks of using the AI tools for financial and management purposes
Advancement in the tools can bring beneficial outcomes but at the same time, it also creates issues in managing the data. Depending on the scientific tools can bring negative results as it cannot predict exact changes or outcomes by assuming things. As per the author Pradana and Tambunan (2020), For example- on today's date the transaction for inventory is done then after a week the transaction for the sale of inventory is not ascertained in the same account and opted in another account. Therefore, it can be stated that the firm has misplaced the accounting term. As narrated by Safitri and Pangeran (020), this can create many problems in the entity. There are a few limitations of using AI tools and digital media to analyse the financial aspects as follows.
Financial risks
Skillset challenges
Huge cost
Data protection
Less creativity
No ethics
The abovementioned points are estimated by analysing the theoretical assumptions of the stated firm. These disadvantages are reflected based on real financial assumptions. As opined by Pulker et al. (2018), there is a greater chance of assimilating risks for the financial sector. As mentioned above the misplacing of the accounting transactions is implied in gagging competitive advantage to endure more equal balances. Normal skillset is been reduced by using a lot of AI tools and other software. Adapting these systems implies more expenses reading throw installation, repairs and maintenance. As the scientific methods are used, privacy is a concern for many authoritative records. As narrated by Putra and Muzakir (2020), company data are not merely safe compared to other methods. Creatively has reduced by adapting the equipment to manage the financial statements.
Ethical considerations are not entitled in thecompany as the proper protocol of managing the dataset is not acquainted in the firm. As per the view of Rosnizam et al. (2020), manipulation is done with the financial records to great extent. It can be stated that the manipulations are repeatedly done to hide the mistakes done by the systems. The stated company has got a 23% fall in their sales and purchases due to issues in the financial sector. The profitability and performance have been reduced to a slight percentage due to technical faults. Therefore, to accompany the changes, it can be stated that the company must assure the adoption often new technologies that can bring favourable changes to the firm acquisitions.
Summary
A hypothesis is a process of explaining a phenomenon's role based on previous observation. A hypothesis is a statement that identifies the expected results based on the previous observation. Digital transformation is necessary and can easily identify and minimize the major business issues of the organization. Data breaches are the major issues that have been faced by individual business organizations during digital transformation. Sometimes data protection principles are necessary to protect confidential data from the third party. Most business organizations are facing challenges due to unprotected data and customer details being leaked in front of a third party. Based on the above context it can be stated that Tesco plc has vast exposure in naming the technology intelligence.
The exposure has led to much positive acceptance through the abovementioned tools. Not inlay in managing the financial aspects but in managing the external features the company is greatly having a secure position to showcase the advantageous components. The aforementioned data are also stated in brief here the media and technical occupancy are stated on a huge note. Reforming the firm insight through adapting digital media increases the expansion and growth of the firm. The above-mentioned hypothesis shows that data braces can hinder the regular flow but in the context of AI tools its implementation can bring favourable outcomes. This is also said an improvisation of the current business activities.
The issues state mentioned in this chapter are clearly shown the adaption of AI can bring native outcomes in the near future. Therefore, the usage of its can be minimized by the company to manage the risk and uncertainties. Moreover, the stated solutions can reflect the mere usage to gain competence in the whole liable segments. Potential data sets are complied with facilitating these tools in a great way.
Chapter 3: Research Methodology
a) Introduction
Research methodology is the way of explanation of the specific topic which logically explains the systematic plan to resolve research problems. There are three types of methodology that are used to identify the research problem such as observational, simulation, and experimental. Digital transformation sometimes puts a negative or positive effect on the business process. Most the business organizations are focused on the innovative strategy of the market that can meet future requirements of a project. The benefits of the project are identified by the efficient knowledge and skills that can meet the potential requirements of a business. The major purpose of the study is to identify the major difficulties of the business and time to time minimize them by problem-solving knowledge and ideas. Research methodology identifies the major problems of the organization and measures the potential issues to minimize them.
b) Objective of the research
To identify the major problems of digital transformation
To minimize major business issues
To increase business productivity through digital transformation
c) Scope of the study
Identify different methods to enhance customers' experience which is enhancing the sales volume of the business. Most business organizations are developing systematic plans to identify and minimize the current issues of the business. Efficient customer satisfaction is the best way to increase more accurate values of the business which is continuously improving the sales volume of the organization (Li et al. 2021). The smoothing business process is also involved great customer satisfaction and digital transformation is an effective way to fulfil customers' requirements after identifying their requirements. Maintaining the service quality of the project can be enhancing future opportunities.
The scope of the study is to show the company features to gain competitive competence in managing their users as well as their customers. As per the view of Thabet and Alaeddin (2018), in order to attract more no. of consumers, the application of the digital media can bring favourable outcomes. Therefore the firm needs to promote its products on social media such as Facebook, websites, Instagram, Twitter and ither apps. Using various technologies to maintain financial records has a huge impact on its substitute.
d) Source of Data
Data are collected from the annual reports from both companies which is necessary to identify the major limitations of the business. Digital transformation is an important way to identify the major requirements of the customers and that can able to minimize ethical and unethical business issues.
e) Stages of methodological procedure
Research philosophy
A philosophical approach is important to enhancing a reliable research framework that is able to find out and minimize major difficulties. Positivism research philosophy is considered for the research which is increasingly working capacity along with the efficiency level. Research philosophy is important and that can easily enhance working capacity along with the efficiency level. In order to, increase research philosophy purposive research sampling is effective and can easily minimize major business difficulties. Sometimes important variables of the research are considered by the research philosophy and that can minimize the small mistakes which are harmful to future researchers (Vlasov and Shakhnov, 2021). Sometimes marketing approaches are essential and that reduces major issues and continuously increase working capacity. Sometimes future researchers gain more accurate skills and knowledge with the help of research information.
The philosophical approach is essential and that able to find out the potential output and that able to enhance the working capacity of the organization. Digital transformation is necessary which involves fruitful approaches and minimizing small issues of the business. In order to, digitalization is important and that can help to identify the major business objectives. But digital disruption sometimes involves due to limited financial resources but there are some practical approaches that involve some business development techniques. In order to, individual business organizations are trying to identify and minimize the major difficulties by an efficient decision-making process and that improves communication (Verina and Titko, 2019). Sometimes individual business organizations use strategic frameworks that can be involved in digitalization. In order to, increase the systematic plan of the organization is important and that effectively maintain the strategic business framework which is essential to increasing work capacity along with the efficiency level.
Research approach
Deductive research approaches are considered for specific research and can easily maximize the basic knowledge of individual researchers. Sometimes individual research is considered the inductive research approach but it is much more time-consuming so small research does not afford it. Most business organizations are focusing on an innovative strategy which is involved digital transformation and that can attract potential customers. In order to, improve the financial function of the organization necessary it needs effective information but sometimes limited financial resources are considered major difficulties. The deductive research approach increases the basic knowledge of future researchers and that raising the working capacity of the business. The work capacity of the business organization is depending on a systematic business pattern (Kitsios and Kamariotou, 2021). The deductive research approach is useful to increase the knowledge and skills of future researchers.
A complete research hypothesis is depending on an innovative framework and that can easily assume future results of the research. In order to, improve financial functions important and future researchers identify future opportunities from the research result. Sometimes a perfect hypothesis can be described by the important information but that can enhance the basic knowledge of the future researchers. Sometimes future researchers are able to find out a sustainable framework that is needed to develop basic skills and knowledge (Pierenkemper and Gausemeier, 2021). The economical betterment of a company is involved by digitalization which is necessary to identify the basic difficulties of the organization and time to time minimize them by using efficient planning.
Research design
Descriptive research design has been considered for the specific research and that effectively describes the social and economic framework of the business. Sometimes major issues are found by the researchers such as limited financial resources, and lack of knowledge and that can simply be highlighted by the descriptive research design. Without proper research design development factors are not highlighted and future researchers are not able to find out important requirements. The skills and knowledge of future researchers are important which are increased by the research information process (Sanchis et al. 2019). In order to, develop an important business framework is necessary and that can enhance the basic knowledge of future researchers. Most business organizations are concerned about the research framework and researchers are able to increase their skills and knowledge. Descriptive research design describes certain points which are necessary to find out research problems.
Research sampling
Purposive research sampling has been used for specific research which continuously increases the basic opportunities by increasing researchers' knowledge. Research sampling is basically used to identify the problems of future researchers and try to minimize the difficulties. In order to, increase the effective business framework digital transformation is an effective way which minimizes the basic difficulties of the researchers. Purposive research sampling is an effective way to increase the skills and knowledge of future researchers. The specific process is required important knowledge and skills which are needed to find out the basic difficulties of future researchers. A complete business framework is mentioned in the research sampling process which is enhancing the basic skills and knowledge of future researchers (Correani et al. 2020). Research sampling efficiently finds the background of the research and can identify the potential business output. The basic difficulties of the organization are identified by the researcher's knowledge and important skills.
Sometimes self-oriented development strategies are important for the researchers which is increase the major opportunities. The basic business opportunities are considered by the self-oriented development strategy which is enhancing the basic knowledge of future researchers. Sometimes own aptitude is important and that can minimize the problematic situation during the research continuations. Sometimes future researchers are active in important goals and objectives which is necessary to identify the systematic business framework. Digital transformation is important but sometimes digital disruption is involved in the business which is considered a major difficulty. Sometimes future researchers are enhancing their knowledge as well as an innovative strategy that is needed to improve the individual organization. Most business organizations are concerned about the research framework and researchers are able to increase their skills and knowledge.
Data collection: Ethical consideration
Ethical considerations are important while reviewing a research paper. This show that the principles, norms and results are followed while evaluating the research alternatives (Ullah et al. 2021). In order to decrease the ethical issues, the researcher must verify the authenticity of the research where they can opt for various modes of the research. The ethical considerations such as “voluntary participation, informed consent, anonymity, confidentiality, the potential for harm, and results in communication”. This should be maintained and followed by research in complying effective research approach.
Data analysis
Secondary qualitative:
Impact of financial functions by the digital transformation: The financial functions are improved by the digital transformation but there are sometimes basic limitations such as lack of knowledge, and data breaches which are considered major issues (Lam and Law, 2019). Financial functions are facing numerous challenges from the third party and that can easily decrease the performance of the company.
Importance of digital transformation within an organization: Digital transformation is important for the long-term growth of the business and that can easily enhance customer satisfaction. In order to, identify the future scope digital transformation is necessary which involves some innovative ideas in the business.
Secondary quantitative:
Descriptive statistics - Describing features of the data set are generated by the descriptive statistics when the retail sales are almost .987.
Coefficient - Df value almost 1, of regression in the month of Jan, when the residual value almost 4.31 in the same time.
Correlation - The retail sales of the business organization in the month of Jan are 12 (N value). Correlation describes the statistical relationship among the variables.
f) Ethical issues
Unethical leadership, as well as toxic workplace culture, are considered ethical issues of the organization. Unrealistic as well as conflict goals are major issues which put a negative effect on organizational performance (Vial, 2021). Most business organizations are eliminating major conflicts and that can improve by an efficient decision-making process.
g) Limitations
Lack of confidential information, as well as fraudulent transactions, are considered major limitations, and customer satisfaction is also reduced by the common way. The smoothing business process is also involved great customer satisfaction and digital transformation is an effective way to fulfil customers' requirements after identifying their requirements.
Summary
Based on the above context it can be stated that the research scope has the intensity to show the authenticity of the research. The data and sources that are used to develop the intermediaries that can bring accurate results. The research methodologies are stated to get a clear impact regarding the research study as it has many implications that can increase the efficiency in measuring the research efficiency. Quantitative analysis shows the exact valuation and the results that are done to show the company management and valuation. The approach to this research paper has listed many issues in terms of ethical consideration. The accurate methods and measures are also perfected in this section to reduce the ethical views regarding the research study.
Chapter 4: Findings
a) Introduction
Digital transformation is an effective way to increase the sustainable business process of the organization. Most business organizations are focusing on minimizing major business conflicts and that can easily determine the active business process. Conceptualize framework of the organization is considered by the effective decision-making process and that can meet the major requirement of the business. Most business organizations are trying to minimize organizational conflict and which is minimizing fraudulent transactions.
b) Analysis of the sample
Digital transformation is an effective way that can maximize the customer satisfaction processes within the organization. Individual retail industries are trying to minimize major business issues which are necessary to attract more customers to the business. The strategic development methods of the organization are necessary to maximize the basic requirements of the business. Most business organizations are focusing on customer satisfaction and that can easily identify the major business issues. Innovative technologies are important to involve positive business growth and that can minimize major difficulties of the business (Breidbach et al. 2020). The information is collected from the annual report of both companies and regression, correlation analysis describes the statistical relationship among the variables. In order to, identify the future scope digital transformation is necessary which involves some innovative ideas in the business.
c) Findings
The major problems of the digital transformation are faced by individual business organizations such as data breaches, securable information systems can also leak confidential details of the customers. Individual businesses are facing numerous challenges due to digital transformation and that is minimized by the effective decision making process. Lack of knowledge and insufficient information process are considered major difficulties of the business that have faced by the individual business organization (Sebastian et al. 2020). In order to, improve the productivity of the company is necessary and can able to enhance customer satisfaction. Most of cases digital issues are created by poor knowledge or lack of financial resources.
In order to, enhancing the brand image of the organization is necessary and that can easily eliminate the business process of the organization. Most business organizations are trying to minimize major issues and efficient decision making processes are necessary to identify the major limitations of the business (Hanelt et al. 2021). A statistical framework of the business organization is compared by the correlation, coefficient and descriptive statistics model and Pearson correlation almost .987in the month of Jan(1). The R-value is almost .987when the adjusted r-square is .972. The residual value is described by the descriptive statistics of each month.
d) Conclusion
Based on the above discussion it can be concluded that digital transformation is used by an individual business organization to involve effective growth of individuals. In some cases, digitalization is putting a negative effect on the organization which identifies the major issues of the business. Digital transformation is an effective way that can maximize the customer satisfaction processes within the organization.
Chapter 5: Analysis
a) Introduction
Financial functions are sometimes affected by the digital transformation and potential customers are diverted into another brand. In order to, minimize digital disruption identifying the major issues are necessary and that can easily eliminate the potential problem of the business. The research methods are focusing on how to minimize major business challenges. Digital transformation is unable by the technological process and that involves major ideas in the business. Digital transformation is maintained by the organizational culture which maximizes positive requirements of the business. Digital transformation is mandatory and that improves through the innovative decision making process of individual employees. The strategic development methods of the organization are necessary to maximize the basic requirements of the business. Most business organizations are focusing on customer satisfaction and that can easily identify the major business issues.
b) Analysis
An innovative framework of the business organization is involved efficient ideas and knowledge. The theories and models describe how to improve sustainable business processes by using digital transformation. Most business organizations are focusing on innovative business ideas to efficiently identify major limitations of the organization. As cited by Trushkina et al. (2020), innovation theories and models have been used by the organization to minimize major limitations. Correlation and descriptive statistics also identify the relationship with the variables. An innovative theory of an entrepreneur is considered an effective business process that can able to meet essential requirements of the business (Warner, and Wäger, 2019). A statistical framework of the business organization is compared by the correlation, coefficient and descriptive statistics model and Pearson correlation almost .987in the month of Jan(1).
In the financial functions of the company are measured by the efficient business framework and that can meet the potential requirements of the business. Innovation entrepreneurship theories and models are effective ways to identify and maximize the potential requirements of the business. As per the opinion of Trushkina et al. (2020), innovation theories and models have been used by the organization to minimize major limitations. Financial functions are sometimes affected by the digital transformation and potential customers are diverted into another brand.
c) Conclusion
Based on the above discussion innovative decision-making process is necessary for the business that includes major ideas business. Innovative knowledge and ideas are important to minimize the limitations of an organization. Individual retail organizations are focusing on an effective business framework which is adoptinga business framework to improve customer satisfaction. Innovation entrepreneurship theories and models are effective ways to identify and maximize the potential requirements of the business.
Chapter 6: Conclusion and recommendation
a) Conclusion
Based on the above discussion, it can be concluded that digital transformation has a huge impact on maintaining the financial functions of the organization. Development of the new technologies has facilitated the improvement of the customer's experiences. For the purpose of attracting customers, it is recommended to make an analysis of the present competitors within the market as well as making suitable projections based on the recommendation. The overall productivity of the business has been improved with the help of using sustainable policies that can help in visualizing the effective managerial impact on the organization.
b) Summary of findings
Based on the present analysis, it has been observed that the productivity of the organization can be improved with the help of using digital transformation as a major tool for improving the level of customer experience (Manita et al. 2020). Application of an adequate level of expertise and maintaining the relevant solutions to the different problems, the business has been able to achieve the goals and objectives of its business.
c) Acceptance of rejection of the hypothesis
Digital disruption is considered a major issue of the business which is needed to improve the software development programs. The hypothesis of the research has to focus on the customer experience and that can maximize future requirements due to the same reason research hypothesis should be acceptable.
d) Recommendation
Individual business organizations need to focus on an innovative strategy to meet the potential requirements of the organization. As per the opinion of Correani et al. (2020), innovative ideas are necessary to identify the potential business growth and effectively develop the business process as well as customer satisfaction process. For the purpose of attracting customers, it is recommended to make an analysis of the present competitors within the market as well as making suitable projections based on the recommendation.
