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(PDF) Globalization, competitive advantages

   

Added on  2020-10-22

22 Pages5756 Words217 Views
Table of ContentsTOPIC- ............................................................................................................................................3INTRODUCTION...........................................................................................................................3Background .....................................................................................................................................3Aim .................................................................................................................................................3Objectives...............................................................................................................................4Project management plan ......................................................................................................4Project structure (Gantt chart) ...............................................................................................5................................................................................................................................................7................................................................................................................................................7Comprehensive project management plan..............................................................................7Evaluation of research methodology......................................................................................7Literature review....................................................................................................................9Research questions...............................................................................................................10Questionnaire........................................................................................................................10Ethical consideration............................................................................................................11Research data accuracy and reliability.................................................................................11Evaluation of research methodology ...................................................................................11Communicate appropriate finding of the research ..............................................................12CONCLUSION ...................................................................................................................18RECOMMENDATION........................................................................................................19Selection of appropriate tools ..............................................................................................19PERSONAL REFLECTION ...............................................................................................19Reflection on project outcomes ...........................................................................................19REFERENCES..............................................................................................................................20

TOPIC- Globalisation guarantees a competitive advantage for a E D Transport Ltd.INTRODUCTIONGlobalisation is process that works to bind political, social, economical andenvironmental processes together across country borders, cultures and continents (Abrol,Prajapati and Singh, 2017). It is one of major driver that has impact on each and every enterprise.The positive aspect of enhanced globalisation for small business is to have mutually beneficialrelationship between countries. It helps to facilitate communication effectively and efficientlywith their suppliers, partners and consumers to manage the better inventories and distributionnetwork (Cramer, 2017). The competition among small firms tends to enhance and it also helpsto stimulate new technology development as well. The present report is based on business activities of E D Transport Ltd. it is smallenterprise which is working as an active carrier operating transportation firm. This assignmentwill look upon impact of globalisation and its competitive advantage for small business. Background The present report is based on globalisation that guarantees competitive advantages forsmall & medium business (Du Plessis, Varottil and Veldman, 2018). The reason behind choosingthis topic is to get the depth knowledge about the impact of globalisation on small firm. It isterms that involve business which are carried out around the world. This research will help me toget true insights about the empowerment of technological innovation, employment andcompetition towards SMEs. It can also help to scholar to get further research. In this, theknowledge about the impact of globalisation as how it helps to lower down governments outlaysand taxes and corruptions. Objectives Aim The main aim of this research is: “Globalisation guarantees a competitive advantageand it helps to enhance profits. A case study on E D transport Ltd. To understand the concept of globalisation and determine its significance.To analyse the positive and negative effect of globalisation on performance of small andmedium enterprises. To recommend ways to improvise negative effects of globalisation on the E D TransportLtd.

Project management plan It is a formal, approved document that is used to manage project execution. It issystematic procedure to set the things in appropriate manner. It is a successful key to competitionof project with minimal risk. Thus, project plan is made up of following things like Scope of project- It includes initial process that involves determining and documentingthe list of specific goals, deliverables, features, task and deadline etc. (Evrard, 2017).With the help of this, researcher can focus over the common objectives. The main objectis to identify the impact of globalisation so that firm can able to perform its businessactivities in crucial manner. The process of globalisation also leads to enhancecompetitive advantage. With help of it, image of firm can be sustained. It is documentthat provides roadmap that is used by managers to assign task, schedule the work and setthe budget properly. The present project scope is based on identifying the impact ofglobalisation over E D Transport Ltd. Schedule- In this, to do list related to project will be included that what activities arerequired to done to complete the project (Marshall, et.al., 2015). It is important to collectthe data so that project can be accomplished within set deadline. Furthermore, things arerequired to be prioritized to create the project in step by step manner. Time- The deadline needs to be given to each task so that researcher can finish up thetask on time. With help of time frame, it is possible to have a deadline so that each thingcan be done effectively and efficiently. The project is need to get completed within 39days, under it competitive advantage of firm can be sustained for longer period.Resources- It will include with terms as what things are required to accomplish the aimof research. In this, 20 employees of firm will be asked about the impact of globalisationon this firm. The entity should have adequate amount of funds so that they are able to runbusiness functions effectively and efficiently. With help of proper resources, it is possibleto accomplish the project on the set deadlines. In this report, resources as are man, labourand capital have been used in terms to to determine the specific information so that basicaim and advantage can able to gain. With help of it, impact of globalisation over theworking of the firm can be determined.

Quality- It is a process that ensures about the all project management activities that areessential to design, plan and implement the project. Thus, it refers as to meet the setstandards, continuously improvement in project work and correcting the all defects. Risk management- It is an event or condition that could have both negative or positiveimpact on the basic needs of the project (Oke, Aigbavboa and Ibitoye, 2017). Thus,project managers prepare it to foresee risk, estimates its impact and define response toissues. The researcher should undertake it as identifying, prioritizing and managing risk.In this, one risk has been identified and that higher the speed of globalisation will havebad impact on economic growth of the country. Communication- It is effective tool and work as essence to project management (Valosand et.al., 2016). This is needed to conduct effectively so that there can be possibility topass the information between team members. Lastly, it can be said that the success ofproject is largely depends on efficiency of communication network. With help ofdefining goals, audience, tools and objectives it is possible to accomplish desire result. Inthis, vertical flow of communication will be adopted to ensure that subordinates cancommunicate with seniors effectively. In order to carry out the research activitieseffectively, there is need to have the use of interpersonal and mass media communicationso that information can able to pass effective to all team members. MilestonescheduleDuration Start Finish predecessorsProvidingresearch topic18/09/18Submitted 18/09/18Research topicapproval 19/09/18Developing theaim and objective19/09/18Approval of aimobjective 19/09/18Developing theperfect25/09/18

Management PlanDesigning theGant Chart andWBS for theresearch proofed26/09/18Ethicalconsideration26/09/18Questionnaire26/09/18Distribution ofthe questionnaire03/10/18Gatherofquestionnaire04/10/18Data analysis08/10/18Developingrecommendation08/10/18Submitting thedata analysis andrecommendation12/10/18Data analysis andapproval 16/10/18Writingareflective report16/10/18Submitting theresearch project17/10/18Research projectapproval

Comprehensive project management planThe project management plan has helped me to get the depth insights about the impact ofglobalisation on small and medium business enterprise (Olimpia and Stela, 2017). With help ofit, I have assigned the particular deadline to each task. By assigning the proper time, I was ableto conduct the research specifically. I have prioritized the task so I can able to work effective andefficiently. Note: This may be repetition. Please check Evaluation of research methodologyThis is process that defines how study is to be carried out. It is systematically andlogically covers the issues and assists to understand the process so that depth information can beeasily analysed. Research approach- This term is defined as plan and procedure and it is based on broadassumptions to detailed method of data collection, interpretation and analysis Prashantham,6

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