Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 P1 Explain project aim and objective.....................................................................................3 P2 Explain the Project Management Plan for the project.......................................................4 P3 Produce Work Breakdown Structure (WBS) and grant chart...........................................6 P4 Explain different type of research methodology...............................................................7 P5 Explain data and research using different tools and technique.......................................10 P6 Recommendation from the result and conclusion from the data analysis.....................18 P7 Explain value to undertake the research..........................................................................18 CONCLUSION..............................................................................................................................19 REFERENCES..............................................................................................................................20 APPENDIX....................................................................................................................................21 Questionnaire........................................................................................................................21 Project logbook.....................................................................................................................23
INTRODUCTION Globalisation is the process by which business starts to diversify their business at the global stage.Company is a multinational corporation, founded and headquartered in Herzogenaurach.This report shows that the shoe will be launched in a London fashion week and also shows the way through which it can be launched at a large scale.This report highlights the Aim and objective of the project. Further this report highlights Project management plan, Work breakdown structure and Gantt chart. Further this report highlights the small research by applying quantitative and qualitative research approaches. Further this report shows the data using appropriate tool and technique and the recommendation on the basis of that. Further these report highlights values of undertaking research. MAIN BODY P1 Explain project aim and objective Background of the Study Demand for the women product in the market has seen a very good rise in the past few years as the awareness of the product is successfully promoted in the global market. Footwear is the one of the product which has seen a good rise in the demand. As women are the gender which used to drive the 70-80 percent of the purchasing in the market as a result it will be beneficial for the company to produce a woman product and specially footwear. As women is the multiple marketer it will be beneficial for the company to produce a product with a multiple uses as it will attract more women toward the product as summer shoe offers a multiple uses to the women as summer shoe can be used for multiple occasion likefor office, party, days, evenings uses(Ettlie and Hira, 2018). As the women are the multiple marketer they always look to buy the product with top quality and as company is looking to produce the product with the top quality leather and raw material it will be beneficial for the company to target the women for their product and it will also help the company in getting competitive advantage. At the same time it has been also observed that it is difficult for the organisation to attract the attention of the women as compare to the men as women find it difficult to leave their previous brand and it may impact the performance of the product in the market as it will require the company to have the best marketing strategy to promote the awareness of the product in the eye of the women. Aim “To analyses the market factors that are considered by business at the time launching new summer shoe to attain competitive advantage” 3
Objectives To understand conceptual framework of consumer behaviour for new products To examine the relationship between product designing or features on consumer behaviour To analyses the impact of new product on competitiveness of Company To suggest strategies which will be considered by Company for product designing and launch of new summer shoe(Almeida and Chase-Dunn, 2018). S- smart to evaluate the conceptual framework the consumer behaviour M- measurable. The Impact of new product. A-attainable the strategies for product designing. R- realistic relationship between the product designing and the consumer behaviour feature. T- time to achieve in particular point of time. Research Question Q1. How would you understand the conceptual framework for the new product? Q2. How would you determine the relationship between product designing and feature of the product? Q3. How would you examine the impact of new product with other company product? Q4. What suggestion would you like to give to the Company for the purpose of product designing and new product launch? P2 Explain the Project Management Plan for the project A project management plan develops the plan related to all the inputs that are required by the project team to complete the research. A project management plan is an approved formal documentthatdefineshowtheresearchwillbeexecutedandcontrolled(Turnerand Holton,,2015). In the proper planning it consists of all the information about managing operation and how the objective will be meet. It is important for the project manager to incorporate the cost, scope, communication, quality, time and the scope in the planning of the project to achieved the required results with efficiency and effectiveness. Cost-Effective allocation of the resources should be done by the managers so that no problems should arise. Managing the cost for this report is complicated as the funds are more required more the set of the premises' approx to the cost of£300approval. The designing of the shoes to the effective level required the labour cost and the material cost required the budget of£1164. 4
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For the successful representation of the footwear's around£581is required to hire the models. For the estimates of the uncertainty the amount of £400has been kept as the provision. The research cost is approximated around £183. Thishelps in managing the project well(Haynes, 2016). Scope– the included scope defines that due to the uniqueness of the product, the scope are very high as the product have the consistent quality with provide maximum customer satisfaction. The quality of the product will compete the bit footwear brands by reaching out the satisfaction of there targeted customer. The launching of the product will also increase the income. The excluded scope of the project plan consist of the contract agreement for using premises are not signed or the quality of the shoes see are approximated. Time- Managers are required to divide the task into sub task as the effective utilization of the funds and resources can be done to increase the effectiveness of the project planning. Effective time management by appropriate scheduling. The research will take the time period of 60 days starting from date September 9,2019 and finishes off by November 4, 2019. The London fashion week has been scheduled on 16-20 November(Turner and Holton,,2015). Quality- the quality of the project has been the essential part. To ensure the quality of the project managers look after all the data involved and the research methodology used to perform the research. Due to these managers will get the help to meet the objective of project by drawing the valid conclusion. Communication- it is required to have the proper communication between the team members, project sponsor and the quality team so that there must be the co-ordination which minimizes the degree of error in the successful completion of the research. The success criteria will be the positive outcome and feedback from the customer. Initial goals should be achieved to measure the success factors. Resources-for the successful completion of the project the researcher required various resources such as the technical, physical and the human resources. The proper utilization of the resource by the mangers will make the project complete with time(Provencher, 2016). For the completion of this project major assumption has been taken- Buying /selling of the footwear will be done to gain the money against the investment. 5
Business is done for the profit maximization. The event will be attained by the sufficient customers. The event will be successfully organised. P3 Produce Work Breakdown Structure (WBS) and grant chart Work Breakdown Structures It is a graphical presentation of the task in which leader used to make a chart in which task or project are illustrated and divided and relationship between different group are fixed as a whole project. It is the process based function in which leader or manager used to derive key objective and on the basis of the key objective task are identified to reach prescribe goal. WBS used to be in the tree shape diagram in which on top there is a “Trunk” which is followed by “Branches” below. In simple word it is a well structured flow chart(Taşbaşı, Sarıca and Yüksel, 2019 ). Gantt Chart As a name suggest it is a chart which describes and illustrate the proper schedule of the chart as this chart list the task which has to be performed in the vertical and horizontal axis on the fixed time interval. Grant chart is generally used in the case where one task immediately starts at the end of the previous task. 6
Milestone plan in project management A milestone plan works as the marker in project management plan which signifies stage or change in development. It works as the powerful components as they show major events and direction of plan where it is leading the project plan. In this pathway of activities that are needed to be followed from the successful completion of the research project there are two-mile stone. 1.Selecting the target market. 2.Selecting the sales target. Difference between milestone plan and Gantt chart A Gantt chart works as the tool in project management. With the help of project management the timing of various task is represented that are required to complete the project whereas the milestone plan depicts the important events along with timescale graphically. 7
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Controlling and Monitoring Plan For controlling organization will be hiring more effective worker in the organization so that the organization is able to control the working very easily as they will bring the new skill set in the organization. For the purpose of monitoring the function of the organization we will set the benchmark at the starting point itself and on the basis of that organization will evaluate the performance of the organization(Sharma and Bharti, 2017). P4 Explain different type of research methodology Research methodology can be defined as a tool which assists an organisation in carrying outitsoperationsinflawlessmanner.Researchmethodologyiscarriedoutthrough implementation of various tools and techniques. It addresses each question separately thus creating a clear understanding for the researcher. The different tools and techniques used are :- Research Philosophy :-The mode and methods used for collecting information by the researcher can be termed as research philosophy. There are two major classifications of philosophies used for different research project types : positivism and interpretivism. Positivism is a method focusing on hypothesis formulation for researching about the topic. Whereas, interpretivism focuses on qualitative aspect and involves implementation of models and theories. This helps in 8
accumulation of facts and figures relating to human tendency and generates actual i.e. real figures and data. For conducting the present research, interpretivism philosophy has been used in this report. Use of this philosophy has facilitated collection of qualitative information regarding the summer collection of footwear and impact of the comfort level associated with it that the women customers seek(Sharma and Bharti, 2017). Research type Qualitative and quantitative are two main types of researches, qualitative researches are the studies in which scholar uses theories and models in order to find out the results. Scholar does not involve any kind of statistical data into qualitative studies whereas quantitative are another type in which researchers uses facts, figures, statistics in order to measure the results. In the current study scholar has used qualitative research type and has applied theories in order to understand the concept. Research Design :-Research design involves three different categories in which it can be conducted. Descriptive research, Exploratory research and Causal research. Descriptive research is the one where characteristics of the population is studied. It involves techniques like observation method; survey and case study analysis rather than formulation of hypothesis. In this report, the researcher has used descriptive research design to conduct the study and outline the method in which research has to be conducted. This will facilitate the researcher in analysing each element related to comfort level of the footwear launched by Company for their summer collection and its impact on the buying behaviour of the targeted customer behaviour(Turner and Holton,,2015). This has facilitated in conducting research as per the required aims and objectives formulated. Research Approach :-For conducting a research study, it is imperative to determine the manner in which the research shall be conducted. The two ways of conducting a research are inductive approach and deductive approach. Inductive approach involves implementation of models rather than formulation of hypothesis for conducting the research. This is mainly used for qualitative research. Deductive approach on the other hand is a technique where hypothesis is formulated by the researcher. It is usually applied on those reports which involve quantitative analysis. Since the researcher basically assessing facts rather than figures, the approach is that one which is 9
suitable for evaluation of qualitative data and hence the researcher has used inductive technique for evaluation of data(Ettlie and Hira, 2018). Data Collection :-the major part of conducting research is collection of those facts and figures i.e. that information which is relevant for carrying out the research and hence formulate the relevant conclusions and findings. The data collected should be both relevant and meaningful. There are two sources for collection of data primary method and secondary method. Primary method involves those tools and techniques in which the researcher himself collects all the relevantdatabyinteractingwiththesamplesconsumersselected.Interviewmethod, questionnaire etc are the methods used in collecting data. Secondary data collection method involves studying the already researched data which is relevant to the study. Here, that data is analysed which has already been researched and involves study of journals, books and websites which are relevant. In this research both primary and secondary data have been used for conducting research(Haynes, 2016). Sampling :-Selection of those sample which are relevant for conducting the study out of the entire population is called sampling. It is an essential part in carrying research and must be selected in precise manner so that correct conclusion and findings can be made. Here, in the present research, the researcher has applied the method of random sampling for collection of its samples. In this, the researcher selects sample on a random basis and does not have any criteria for their selection and removes any biasness involved(Provencher, 2016). The selected sample involves 25 women residing in U.K. They will provide the relevant data and the impact which the comfort level of the shoes has on the buying behaviour of the females. Data Analysis :-After accumulating all the relevant data for conducting the research, analysis i.e. systematic study is conducted by the researcher on the collected data so that relevant conclusions can be made. Here, in this report the researcher has used thematic analysis technique for presentation of information in effective manner(Provencher, 2016). Thematic analysis involves formulation of different themes for analysis of the information collected by breaking it down into different parts and then building up tables and charts for interpretation so that conclusions can be formed easily and appropriate recommendations can be made. Ethical Consideration :-Ethical consideration is the crucial element in carrying out the present research for identification of the impact that the comfort provided by shoes has on the buying behaviour of their targeted customer base. The various ethical aspects involved in the research 10
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carried out involve consent of all the individuals selected in the sample size affirming that they have not been forced. It also involves declaration that the researcher did not force them to speak on a particular topic or prioritize one factor over another. Lastly, declaration that the research has not been copied from anywhere and the work done is original is made(Provencher, 2016). P5 Explain data and research using different tools and technique Theme 1: Age group to be targetted 20-255 25-3515 35-455 Interpretation: After going through above stats it has been interoperate that the firm need to use the marketing policy which can attract the age group Respondent of 25-35 as majority of the women in these age group will be married and with the job, so the company can take the advantage of the multiple uses of the product by promoting the awareness that these shoe can be used for the multiple occasion as it will help them to attract more such age group women(Almeida and Chase-Dunn, 2018). Theme 2: Product to be targetted Flat Sandals3 High Heel Sandals5 11
Wedges4 Mid Heels Sandal10 Gladiator Sandal3 Interpretation: After going through above stats it has been interoperate that there is difference in the opinion of the woman but as majority of the woman are in the favour of Mid Heels Sandal company should manufacture Mid Heels Sandal as these will help the organisation to attend more customer as compare to the past, difference in the opinion also shows that there is a good awareness of the product in the eye of the customer so it will help the business in reducing the promotion work. Theme 3: Number of shoe owned by customer 1-54 5-1013 10-155 More than 153 12
Interpretation: From the above data it has been analysed that 13 out of 25 are having 5-10 pair of summer shoe at a time which is a very good number as these will help the company in targetting the customer who are already having the summer by just promoting the unique and new feature to the customer and it has been also analysed that company can sell more than 1 product together by the help of different selling policy (Taşbaşı, Sarıca and Yüksel, 2019 ). Theme 4: Desired material in the Summer shoe Leather14 Fabric3 Synthetic Leather5 Mixed3 13
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Interpretation: From the above data it has been summarised that 14 out of 25 Respondent desired to have a Leather as a material so it is a good for the Company as they are looking to launch the product which is inbuilt with the top quality of the leather and it also shows that other material are not to famous as more than 50 percent Respondent are in the favour of Leather which is a very good sign for the organisation Theme 5 Spend to buy the pair of summer sandals. £100-£2008 £200-£300.10 £300-£450.4 More than£4503 14
Interpretation-As form the following data, it can be interpreted that the more of the respondents are willing to spend mid range of price on the pair of summer sandal. The consumer is more focused on the price and want the better comfort in this season.Many of the respondent move towards the lower price ranging from£100-£200. It simply means that the target customer are more easy to spend in price range from the lower to the mid level. Very fewer people are interested to spend more than the mid range. So the company has to put the pricing of the summer sandals between the range of the respondents. Theme 6 Big brands offer high quality of the product. Yes14 No6 I don't know5 15
Interpretation-As from the following data it can be interpreted that the respondents are more influences by the offerings of the major brands. As the major number of the respondents likely to believe that the major brands are more satisfying. The most of the respondents may be the brand loyal customers and barely introduced something in there evoked set. They only used to prefer the branded footwear for there comfort purpose. Fewer respondents are unbiased about there opinions. So the company has to place the promotion strategy in effective way to promote there product in target market against the big brand(Sharma and Bharti, 2017). Theme 7 Which summer sandals are more comfortable for the whole day. High heels sandal3 Wedges4 Flat sandals7 Mid heel sandals.11 16
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Interpretation-As from the following data it can be interpreted that the most of the respondents are more likely to prefer the mid heel sandals rather than the other footwear. They find this more comfortable as compare to other variety of the footwear. Flat sandals are also the second most preferred by the respondents. The Least interest was calculated in the high heels. So the company has to launch the product in such a variety of the mid and flat heels to target the market segment. Costumers are more preferring the comfortable variety of the footwear. Theme 8. What size are you wearing for the summer sandals? 412.00% 548.00% 620.00% 712.00% 88.00% 17
03/01/1900 04/01/1900 05/01/1900 06/01/1900 00.10.20.30.40.50.6 12.00% 48.00% 20.00% 12.00% Size Interpretation : majority of the women are wearing size 5. And 20% are wearing size 6. Size 4 and size 7 are in equal proprtion. Theme 9. Are you wearing half sizes for the summer sandals. Yes40.00% No60.00% 40.00% 60.00% Half sizes YesNo As the data interpreted, the respondent are collected by the consumer who wer interested as the frequent buyers of the summer shoes. The time taken to collect the information was between the 9 September 2019 to 4 November 2019. The respondent have filled the questionnaire regarding 18
there choice between the variety of the heels available to the consumers at the different range of the different product size. The respondent have filled the questionnaire as they were interested in the acceptability of the new variety of the product. P6 Recommendation from the result and conclusion from the data analysis Recommendation From the above analysis it can be recommend that the maximum emphasis should be pay on the middle age women as the target ma(Turner and Holton,,2015).rket. The company should understand the there market will be the middle age women varying the age of 25-35. So the company have to place the promotional strategies in such a way that is target this category. Mainly respondent are the preferring the leather fabric in the footwear so, the company should use the leather material for the foot wears designing. In the terms of the pattern the consumer behaviour is paying more emphasis on the mid heel sandal as they consider this pattern as more comfortable and stylish according to the season. From the analyses of the data it can easily be stated that the price of the product marketed by the company should vary the range of between £200-£300. There are many consumers in the target market who are brand loyal, so the company has to promote the product with best pricing and promotional strategies. According to the these research report it is clearly defines that the target segment of the company has may requirement that are needed to be fulfill by the company. If the company does not pay attention on the finding of the research report, there may be the chance of the failure of the product. The company has to understand the needs and the requirement of the customer and then the product designing should be there. Hence, the research report will help the company to analysis the market understand the need of the customer. P7 Explain value to undertake the research This topic has helped the company to understand the validity of the product which company is intending to introduce into the market as report has shown the company the importance of the product and benefit which will be enjoyed by the organisation after launching the new product in the market(Provencher, 2016). Topic has also helped the company to evaluate the data which was gathered from the questionnaire in such a manner that on the basis of that company can make different strategy in the organisation for smooth launching of the product and to promote the product in the market. 19
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I am as a researcher is able to increase my evaluation skill as through it I was able to evaluate the data in more proficient way as it has helped me in seeing the different aspect of the data and it has also helped me in increasing my knowledge as it has provided me variety of knowledge related to the report research and I think it will help me in defending the challenges which will be faced by me in the future(Turner and Holton,,2015). CONCLUSION After going through above report it has been summarised that there is a very good market for the Company to introduce their product as there is a very good demand of the product in the market. It has been also summarised that the data gathered from questionnaire is also very relevant to the product which will help the business in growing in the future. 20
REFERENCES Books and Journals Almeida, P. and Chase-Dunn, C., 2018. Globalization and social movements.Annual Review of Sociology.44. pp.189-211. Ettlie, J. and Hira, R., 2018.World Scientific Reference on Innovation: Volume 2: Engineering GlobalizationReshoringandNearshoring:ManagementandPolicyIssues.World Scientific Publishing Co. Pte. Ltd.. Hamid,S.S.,2016.TransformingTeacherEducationfortheGlobalizationof Education.PUBLICATIONBRANCHNATIONALUNIVERSITYOFMODERN LANGUAGES ISLAMABAD, PAKISTAN, p.70. Haynes, J. ed., 2016.Religion, globalization and political culture in the Third World. Springer. Provencher, D.M., 2016.Queer French: Globalization, language, and sexual citizenship in France. Routledge. Regan Jr, M.C., 2016. Lawyers, Globalization, and Transnational Governance Regimes.Annual Review of Law and Social Science.12. pp.133-152. Schumann,C.,2018.CosmopolitanismandGlobalizationinEducation.InInternational Handbook of Philosophy of Education(pp. 821-831). Springer, Cham. Sharma, T. and Bharti, N., 2017. Globalization and India–CEN’s Trade with special reference to Men's Shirts.Volume of Management, Enterprise and Benchmarking in the 21st century IV, pp.487-509. Singh, P., 2016.Mobility of Workforce and Problems of Globalization: A Socio-Legal Study with SpecialReferencetotheStateofDelhi(Doctoraldissertation,AligarhMuslim University). Steger, M.B., 2017.Globalization: A very short introduction(Vol. 86). Oxford University Press. Taşbaşı, A., Sarıca, P.Y. and Yüksel, A.H., 2020. An Analysis of Risk Transfer and Trust Nexus in International Trade With Reference to Turkish Data. InInternational Trade Policies in the Era of Globalization(pp. 189-208). IGI Global. Turner, B.S. and Holton, R.J. eds., 2015.The Routledge international handbook of globalization studies. Routledge. Wood, G., 2016. Globalization. InEncyclopedia of Human Resource Management. Edward Elgar Publishing Limited. Online Women pruchasing power. 2015. [ONLINE]. Available through <https://www.forbes.com/sites/bridgetbrennan/2015/01/21/top-10-things-everyone- should-know-about-women-consumers/#254cf5ec6a8b> 21
APPENDIX Questionnaire What age group you belong to? 20-25 25-35 35-45 What type of women summer shoes do you like Flat sandals High heel sandals Wedges Mid heels sandals Gladiator sandals Do you think the option for wide feet will be a plus for a pair of summer sandals? Yes No May be How many pairs of summer sandals you own? 1-5 5-10 22
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10-15 More than 15 What type of material you prefer for the summer sandals? Leather Mixed Fabric Synthetic leather How much would you spend for a pair of summer sandals? 100-200 100-300 300-450 More than 450 Do you think big brands offer a better quality for the summer sandals? Yes No Don’t know What type of summer shoes you will wear for a whole day to feel comfortable? High heel sandals Wedges 23
Flat sandals Mid heels sandals Project logbook Week noDateUpdate the weekly research 24
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