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UNIT 6 Managing Successful Business : Assignment

   

Added on  2020-01-16

22 Pages4647 Words296 Views
UNIT 6. MANAGINGSUCCESSFUL BUSINESS

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1) Aims and objectives..............................................................................................................3P2) Project management plan......................................................................................................4P3) Time frame and stages for project accomplishment..............................................................5TASK 2............................................................................................................................................7P4) Different research methods to reach out project's aims.........................................................7P5 Sampling method and sample size.......................................................................................10Data Interpretation.....................................................................................................................11TASK 3..........................................................................................................................................18P6) Recommendation.................................................................................................................18TASK 4..........................................................................................................................................19P7) Reflection............................................................................................................................19CONCLUSION..............................................................................................................................20REFERENCE.................................................................................................................................21

INTRODUCTIONIn this report, mainly the whole discussion is based on the project management of abusiness. Harrods has taken as the organization on which the whole management plan has made.Harrods is basically a departmental store which is located on Brompton Road in Knightsbridge,London. It has around 330 stores in UK and other countries. Basically, the aims which is decidedby the project manager is framed in this report and the relative objectives are also had a brief inthis report. Project management plan is basically done to manage a successful business. In thisreport, several aspects including cost, risk, quality, time and resources can be described forsuccession of project effectively (Leary, 2016). The various types of research are described onthis framework that can be helpful to achieve the aims and objectives of the organization. Thetools and techniques which are used data collection as research methods are outlined. However,data analysis of gathered information and best methods for CSR implementation for Harrods Ltdcan be understood through this assignment. Similarly, reflection of the complete scenario forself-learning and performance for effective projection is to be introduced.TASK 1P1) Aims and objectivesBackground:- The report is related to present CSR activities implementation to increaseprofitability of firm including sustaining its good position in market. In this process, Harrod's Ltdbelonged to retail sector organization of UK works at small level that provides groceries andplans to utilize CSR activities for society's awareness and providing them satisfactory products.However, it is best tool for improving service qualities and financial development of entity athigh level. Aim-To implement CSR activities within Harrod's Ltdto promote profitability and financialsustainability.Objectives- Different objectives for improving economic position of Harrods Ltdthrough CSR implementation can be understood as:To express different phases/steps of project management for financial development of Hattods Ltd through CSR approach covered all the aspects.

To understand the several CSR activities and significance which can improve profitability and economic stability of the small scale enterprise.To identify the plan remains helpful to execute the project successfully including management and controlling over it systematically.To recommend suggestions for project accomplishment and implementing CSR approaches for financial development of Harrods Ltd.P2) Project management planProject management plan is process for accomplishing any task systematically includesdecision making and forecasting on succession (Kowalkowski, Kindström and Brehmer, 2011).It involves different steps can be understood as below:Project initiation: It is initial stage for project management in which goal setting ispresented as strategies are prepared to be implemented for effective projection. However,entire project plan is expressed in this stage involving cost estimation to be incurred, riskassessment, time scheduling, team work and segmentation of work among members etc.Therefore, proper structure to be followed in projection are identified in this process(Farrell, Kenyon and Shakur, 2010).Project definition and planning: After setting goals and all, project planning is createdincluding decision making, forecasting efficiently. In addition to this, all activities andworkers' divisional tasks are presented for project succession.Implementation of action plan: In this process, all set activities are converted intoimplementation as per prepared strategies (Hacklin, Klang and Baschera, 2013). Thus, foranalyzing respondents' views on CSR implementation for Harrods Ltd economic growthand effectiveness through is proceeded in this step.Performance evaluation and controlling: It is considered as last stage for projectionthat involves critical evaluation on project activities and performance of all teammembers. In which, comparison between actual and expected position is created forbridge the gap and succession of project efficiently.Project manager of organization analyzes current business performance on the basis ofwhich project planning is created. It is composition of cost estimation, time to be spent and itsscope etc. Including this, risk assessment is also done through this process for which different

tools and techniques are applied for project accomplishment. In proposed project for CSRactivities implementation in profitability of Harrod's Ltd, it is needed to focusing on overallbusiness operations. Including this, segmenting work according to workers' ability is also doneby recognizing their working efficiencies. P3) Time frame and stages for project accomplishmentWork Breakdown structureThis structure is effective for understanding all project activities systematically by whichdifferent proper strategies can be identified. However, time scheduling and team work as wellperformance different stages for completion of project can be understood. project activities:-PlanActivitiesCost Time scaleAnalyzing actualBy using financial and1002-3 weeks

performancenon-economic tools,identifying currentpositionoforganization.Objectivesandstrategic plansAfteranalyzingperformance, aims aretargeted as wellstrategies are preparedfor implementation1001 weekImplementingactivitiesDetermined actionplans get implementedstep by step4-5 weeks 500Evaluation of presentbusiness performanceComparing betweenactual and standardperformance thataffects organization'seffectiveness.1-2 weeks200Gannt Chart:- It represents time schedule and shows which activity of the project plan is on priority andwhich can be ignored. However, it is time consuming and effective for controlling overprojection as well systematic management of all project activities. For analyzing critical path forCSR implementation for financial development of Harrods Ltd can be presented as below:

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