Impact of the Multinational Companies on the Business Environment
Added on 2020-10-22
24 Pages4583 Words483 Views
Managing a Successful BusinessProject
Table of ContentsTOPIC:.............................................................................................................................................4How do multinational companies impact the business environment of the host destination e.g.a country, region, city?................................................................................................................4LO 1.................................................................................................................................................4INTRODUCTION...........................................................................................................................4Research background: ...............................................................................................................4P.1 Aim and Objectives...............................................................................................................4Rationale.....................................................................................................................................5Significance of the Research.......................................................................................................5P.2 Project management plan......................................................................................................5P. 3 Work breakdown structure and a Gantt chart......................................................................7LO 2.................................................................................................................................................7P.4 Small- scale research. ...........................................................................................................7LO 3:................................................................................................................................................9P.5 Analysing research and data using appropriate tools and techniques...................................9P.6 Appropriate recommendations and data analysis. .............................................................18LO 4...............................................................................................................................................19P.7 Reflect on the value of undertaking the research................................................................19CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20
TOPIC:How do multinational companies impact the business environment of the host destination e.g. acountry, region, city?LO 1INTRODUCTIONResearch background: The main objective of conducting this study is to critically examine the impact of themultinational companies on the business environment of the host destination. This study alsohelps in effectively understanding the impact of globalization on the business. This study willalso examine the challenges faced by the local businesses of host country due to emergence ofmultinational companies by applying effective research methodology. This research study willgive effective recommendation for sustainable growth of business (Caligiuri and Paul, 2017).P.1 Aim and ObjectivesAIM: “To examine the impact of the multinational companies on the business environment ofthe host destination (i.e. China) due to globalization of the business. A study on Tesco plc”.ResearchObjectives:To evaluate the impact of globalization on the business.To critically examine the impact of the multinational companies on the businessenvironment of the host destination.To examine the challenges faced by the local businesses of host country due toemergence of multinational companies. To give effective recommendation for sustainable growth of business.Research questions:What are the impact of globalization on the business?What is the impact of the multinational companies on the business environment of thehost destination?
What are the challenges faced by the local businesses of host country due to emergenceof multinational companies?What are an effective recommendation for sustainable growth of business?RationaleThis research is conducted because globalization is the current issue which impact theoperational efficiency of the business. This research will also helps in effectively evaluating theimpact of the globalization. This research will also help in examining the impact of themultinational companies on the business environment of the host destination to critically identifythe challenges for further recommendation. Further this research will be conducted for academicinterest which further leads to effective research methodology, survey, research background andstructure which will help in filling the gaps on the current knowledge and helps in in-depthanalysis on the particular subject matter.Significance of the ResearchThe main benefit of this research is to attain goals and objectives of the particular subjectmatter. It also helps in analysing the multinational companies and its impact on other hostingcountries. This research is further beneficial for multinational companies as it helps in analysingand evaluating the impact of globalization. This research is also beneficial for local business,agency to critically examine the impact of the multinational companies on the businessenvironment of the host destination. This study is also beneficial to understand how globalizationleads to increase in market share and is impacted by various business environment forsustainable growth and development of the business. P.2 Project management plan.Project management plan is an effective schedule or time frame which helps in analysingand executing the plan so that project can be executed, monitored, controlled and recommendedfor smooth flowing of information and effectively conducted research in an efficient, true andfair manner (Project Management Plan: Definition, Purpose & Examples, 2019). Cost: Cost management plan helps in effectively analysing and outline the cost associatedwith each activities to effectively carry out the research to achieve goals and objectives.Cost management plan helps in budgeting each task and allocate cost to each task, so thatthere is no delay while conducting the research. It helps in planning and managing the
cost of the project effectively. researcher also focus on controlling cost and managingvariance (Yismalet and Alemu, 2018). This plan will help in controlling thresholds andalso leads to increase in the level of precision. The cost attached to conduct this researchwill be $3000. Scope: The scope of this subject is very wide. This research study will help in gaining in-depth knowledge on the particular subject matter to gain insight and wider scope on thethe impact of the multinational companies on the business environment of the hostdestination. This study will not include any task or activity which is out of scope andhamper the accuracy of the project. Time: Time management plan helps in effectively determining the time associated witactivities to carry out research and achieve goals and objectives of the company. Thishelps the researcher in assigning and defining time to all the activities. It also breakdownthe work structure in the organization to timely complete the task. The researcher willcomplete the project within 16 week time. Quality: The researcher will conduct the research project with intact accuracy, reliabilityand validity. Effective quality helps in reducing and eliminating risk which leads tohigher operational efficiency and standard of the research project. Researcher did notharm any natural resources and the resources were optimally utilized. No harm anddamage was conducted to environment and human resource while carrying out theresearch. Communication: The researcher of the study will conduct research by giving clearguidelines and share information to effectively achieve goals and objectives of the study.The researcher will set standards to carry out the project with authenticity, accuracy andvalidity by making each member clearly understand their roles to complete the taskwithin stipulated time (Visser, van der Merwe and Gerber, 2016). Risk: Risk in project management plan helps in analysing the risk associated whilecarrying out the research and take necessary decision and set action plan to reduce theimpact of risk while conducting research study. The key risk associated with the businessis that loss or threat of data, any physical injury or accident while carrying out theresearch.
Resources: Resources in project management plan helps researcher in optimally utilizingthe natural and human resource with reduced wastage. Resources like stationery, humanresource and financial resources to carry out the research study to achieve goals andobjectives with accuracy. P. 3 Work breakdown structure and a Gantt chart.Task NameDurationStartFinishPredecessorsResearch proposal 1 dayMon 13-05-19Mon 13-05-19Aims and objectives 2 daysTue 14-05-19Wed 15-05-191Literature review 5 daysTue 14-05-19Mon 20-05-191Research methodologies 9 daysThu 16-05-19Tue 28-05-191,2Data collection 10 daysTue 21-05-19Mon 03-06-192,3Data analysis 3 daysWed 29-05-19Fri 31-05-194Data interpretation 4 daysTue 04-06-19Fri 07-06-195Finding and conclusion 6 daysTue 04-06-19Tue 11-06-192,5Recommendations 3 daysMon 10-06-19Wed 12-06-196,7Execute the plan 2 daysWed 12-06-19Thu 13-06-198Submission 1 dayFri 14-06-19Fri 14-06-19910Gantt chart:Critical path:
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