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Managing a Successful Business Project

   

Added on  2021-02-21

35 Pages7278 Words442 Views
Leadership ManagementProfessional DevelopmentPhilosophyStatistics and Probability
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Managing a Successful
Business Project.
Managing a Successful Business Project_1

ABSTRACT:
Globalisation is one of most important aspect for an individual as well as for
organisation. It helps to reach at large no. of consumer base by identifying their needs and wants
in proper way across national boundaries. To reap important benefits organisation have to
capitalise opportunities that can be give fruitful results.
Managing a Successful Business Project_2

Table of Contents
ABSTRACT:....................................................................................................................................2
TOPIC:-............................................................................................................................................4
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
Project aims and objectives for a chosen scenario.................................................................4
LITERATURE REVIEW................................................................................................................5
What is the importance of globalisation in business expansion?...........................................5
How globalisation impacts on functional and operational activities of Vodafone?...............6
What are the various strategies to eliminate negative impact of globalisation in terms of
economic, culture and ethical way. .......................................................................................6
A project management plan....................................................................................................7
A work breakdown structure and a Gantt chart......................................................................8
Small-scale research by applying qualitative and quantitative research methods..................9
Research and data using appropriate tools and techniques..................................................11
Communicate appropriate recommendations.......................................................................25
Reflection.............................................................................................................................25
CONCLUSION..............................................................................................................................27
REFERENCES..............................................................................................................................28
Managing a Successful Business Project_3

TOPIC:-
To analyse the Impact of globalisation on the business activities. A study on Vodafone.
INTRODUCTION
Globalisation is a chain of activities to spread products, services, technology and
information to the end user by cross national and culture boundaries. It focus on
interdependence on countries and their trade to foster global free trade and policies. It helps
in raising the standard of people in less developed countries by giving opportunities of job,
access to products and services at broad level and to give high leaving standard by providing
high rate of wages in proper way. This report is based on Vodafone which is an
multinational telecommunication conglomerate organisation, headquarter is in London. It
operates in many regions such as Asia, Africa and Europe among the mobile operated deals
at global level it achieved fourth rank in no. of mobile customers. This report is based on the
Globalisation which is very much important to capitalise opportunities in positive way by
reach at large no. of consumer base.
MAIN BODY
Project aims and objectives for a chosen scenario.
Research aim and objective are very much important for an organisation for aim of
the work includes overall purpose behind conducting the study that should be clearly and
concisely defined by the researcher (Aharoni, 2014.). It helps to go with the main objective
behind conducting research in proper manner to reach at desirable outcomes.
Research Aim:
The research aim for the current research is “To analyse the positive economic,
cultural and ethical impact of globalisation on function and operational activities of an
organisation”. A study on Vodafone.
Research Objectives
To analyse the importance of Globalisation in business expansion.
To determine how globalisation impact on functional and operational activities of
Vodafone
To identify strategies by which negative impact of globalisation in terms of economic,
cultural and ethical can be reduced.
Managing a Successful Business Project_4

Research Questions
What is the importance of globalisation in business expansion?
How globalisation impacts on functional and operational activities of Vodafone?
What are the various strategies to eliminate negative impact of globalisation in terms
of economic, culture and ethical way.
LITERATURE REVIEW
Literature review is known as narrative review which is an kind of review article in a
scholarly paper format in which current knowledge and information, substantive findings as
well as theoretical framework also consist in it of a particular subject matter (Akram-Lodhi
and Kay, 2012).
What is the importance of globalisation in business expansion?
AS per the view of Sampson Quain (Why Has Globalization Become so Important?
2019) Globalisation is very much important for an organisation to deal in effective manner
by capturing opportunities. There are some important attributes by which organisation can
enlarge business opportunities. It not only proved beneficial for organisation but for an
individual to going global because it helps in giving best way to live and firms can lead in
business environment by enlarge business opportunities.
Globalisation opens up international access:
As the day by day people more demanding and to satisfy their needs and wants in
proper manner organisation have to enlarge their business opportunities. In that aspect
Globalisation helps to communicate and by providing digital media for communication for
both small and large businesses with help of various kinds of marketing campaign that helps
to reach at large no. of consumers. For an example if an organisation sell the books and
other products there are not a single variable that stops from promoting products as every
consumers have varies kinds of needs and demands. In context of Vodafone they operate in
many regions of the world by exploring various opportunities to deliver right kind of value
to their ultimate consumers.
Globalisation lowers down the cost of consumer service:
Managing a Successful Business Project_5

As per the view of Novita (WHY GLOBALIZATION IMPORTANT, 2019), Globalisation is
the chain of activities by integrating and exchanging views and ideas with products and services.
By integrating self interest of an organisation it is very much important to build products and
services as per the market needs and demands. Globalisation helps in expand business at
global level as it provide consumer cost relatively at lower cost in comparison to domestic
marketplace. Globalisation make it possible to reach at large no. of consumer by handled
inquiries of consumers and hired them at relatively less price or cost. In context of Vodafone
they serves in different regions so by taking advantage of global opportunities organisation
can remain competitive in market place.
How globalisation impacts on functional and operational activities of Vodafone?
As per the view of Mike Myatt (THE IMPACT OF GLOBALIZATION ON
BUSINESS, 2019), Conducting business as global scale in not a luxurious part of business
now a days and to expand business needs the ability to build products and services as per
the need of consumer base in proper way. While going global and build products and
services as per the choice of foreign consumers organisation have to change or modify in
their existing working system that helps to suitably working for foreign market scape.
As per the view of Chitra Krishnan, ( Globalization and its Impact on Business Environment,
2019) the transformation of the present economy directly affects to the business activities on
direct bases to get right kind of outputs at right time frame. In business environment
globalisation impacts a lot to gain competitive advantages organisation have to measure na
evaluate each and every attribute in better way. Organisation have to take permission from
government of foreign by following their instructions organisation can be able to deal in
effective manner. In context of Vodafone before going global they have to evaluate various
factors in which state of economy, demography in which organisation wants to spend their
market. with commercial demand and supply side of their business with requirement of
improvement in infrastructure and marketing systems with practices are important to deal in
effective manner. All these factors brings changes in internal functional and operational
activities of an organisation to deal in proper way.
Managing a Successful Business Project_6

What are the various strategies to eliminate negative impact of globalisation in terms of
economic, culture and ethical way.
As per the view of Andrew Blackman, (What Is Unconscious Bias? +Top Strategies
to Help Avoid It, 2019) for an organisation it is very much important to develop quick
decisions ability and judgements that are very much crucial for an them. While going global
organisation have to face some kinds of problems or concerns and for that they have to build
some kinds of strategies and tactics. For an organisation it is very much obligatory to reduce
effects of globalisation in their culture, economic and ethical activities. It is very much
important and it can only be possible by close evaluation of each and every factor that
impacts on organisational works and activities in a very proper way. Organisation have to
bring products and services as per the needs and wants of consumer base to gain favourable
results out of it. Proper measures and strategies to observe market-trends and have to control
fluctuations in proper way.
Communication and leadership:
As per the view of Leigh Anthony ( Effective Communication & Leadership, 2019),
effective leadership is one of most important aspect for an organisation and communication
ability is very much crucial to build effectiveness in both these activities. To lead in market
organisation have to combine best communication and leadership style that helps in gaining
competitive advantages in better way. The one of most important strategy while economic,
culture and ethical instability arise in an organisation then proper communication within
departments and best leadership style such as situational leadership style that changes as
situation demands.
A project management plan.
It refers to the type of document that explains every expression of project which
includes several elements such as planning, executing, monitoring, coordination and so on
(Araghi, 2012.). The objective of project management plan is to explain the approach that is
to be used by team members to initiate a project, control as well as monitor it. The Project
plan consist of various factors such as scope management, financial management, risk
management and many more.
Cost:
Managing a Successful Business Project_7

Cost is an important element to conduct a research in an organisation to deliver right
kind of value and attributes to the end user. In context of present research it has been
evaluated that to conduct research organisation needed 40000 pounds and Vodafone have to
invest 80000 pounds to get desirable outcomes in positive way.
Scope:
scope of the research gives proper guidance about vital aspect and meaning of the
project and its objective. In that particular research main aspect is effect of globalisation on
the business activities so that proper results should be accomplished in an organisation.
Quality:
Quality is one of significant aspect for an organisation to give best quality products
and services to their ultimate consumer base (Artz and Kamalipour, 2012). As per the
quality which denotes about differentiation effect in a product in comparison to competitors
product and services. In that research to maintain quality to get effective results proper tool
for collecting data and information should be taken so that effective results should be
accomplished.
Communication:
Communication is very much important attributes while conducting research and
development. In context of Vodafone while conducting research they have choose best
source to share proper knowledge and information such as by using emails, telephone and
other sources plays very effective role to share goals and objectives behind conducting
research.
Risk:
Risk inherent with each and every factor and it is very much important for an
organisation to find out major risk factor that inherent with the research and proper
strategies to eliminate them in proper way. In context of Vodafone while conducting
research they face the risk of lack of resources and lack of confidentiality in research results
that hampers the self interest of particular research.
Resources
It is define as a type of sources such as labour, funds, stationary, technology, and so
on which is required by project manager to conduct the research effectively. Resources
required for research are skilled manpower, adequate amount of funds, advance technology
Managing a Successful Business Project_8

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