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Managing a Successful Business Project Assignment - McDonald's

   

Added on  2021-02-20

22 Pages4033 Words30 Views
Managing ASuccessful Business

INTRODUCTIONGlobalisation is the process that helps in the integration different economies,governments, markets and people of the world in order to ease the business in the economy,mainly with the increased interconnection of national and international economies. Theassignment will start with focusing on the aims and objectives, project management plancovering the different aspects of the project, Gantt Chart and Work Break Down Structure willbe presented, small scale research will be carried out and along with this some recommendationson the basis of data and research analysis will be given and lastly conclusion will be presented.The assignment will try to address positive impact of cultural, economical and ethical impacts ofglobalisation that impacts upon different functions of the business as operations, human resource,accounting, marketing and some more functions of the business.TASK 1P1) Research Aims and ObjectivesThe company chosen for the completion of this assignment is McDonald's Company. It isan American Multinational Company which was founded in the year 1940 and is headquarteredin Chicago, United States (Binder, 2016). The location of this restaurant is around 37855 and theoperations are carried out all over the world. The company deals in the Restaurant Industry andthe number of employees currently working in the company are approx 2,10,000. In many ways,globalisation impacts upon the functions of business such as in the economical, cultural andethical impacts on human resource, marketing, accounting and operations department. Topic: “Positive Ethical, Cultural and Economical Impacts of Globalisation on DifferentFunctions of Business.”The Aim of this research is “ “To Evaluate the Positive Cultural, Economic, EthicalImpact of Globalisation on Different Business Functions of Organisation: A study onMcDonald’s.”Objectives:To describe importance of globalisation for business unit.To analyses relationship between culture, ethics, economic aspects and HR, marketingfunctions of McDonald’s.1

To examine the extent to which ethics, culture and economic aspects influence businessfunctioning and affect performance of the organisation.Questions: What is the Importance of Globalisation?What is the Relationship Between Culture, Ethics, Economic Aspects and HR, marketingFunctions of McDonald?How Ethics, Culture and Economic Aspects Influence Business Functioning and AffectPerformance of the Organisation?P2) Project Management Plan With Different AspectsProject Management Plan is defined as the document which contains information aboutthe different aspects covered in the project such as the cost, scope, size, resources and some morematerials which are discussed in the project. The discussion is provided as under:Sources of Project Management PlanDescriptionScopeThe scope of this research for McDonald's is to covergood market share so as to earn profit and creatinggood brand image in the minds of customers inimportant for the survival and growth of theorganisation (Gemünden, 2015). For the researcher,the scope of this research is to enhance the knowledgewhich will help in future projects.CostIn order to know about the cost that will be required inorder to complete the research is estimated at £15000.for the researcher, the amount estimated to completethe research is £2000. TimeIn this aspect, the discussion will be made about thetime required for the completion of different activitiesin research for the researcher as well as the researchalso. Time required in order to complete the differentactivities of the research are (......) and for theresearcher, the time required to complete this researchis (.....).2

QualityThe quality aspect for McDonald's consider the goodquality at affordable prices to be provided to thecustomers (Hamersly and Land, 2015). For theresearcher, quality means to say about the use ofauthentic data for the research as in the use of primarydata has been done which will provide the researcherand the readers with authentic data.RiskThe risks for McDonald's are related to wrongacquisition of results from the respondents, related tothe time, wrong aims and objectives that could impactsnegatively on the research. For the researcher, the risksare related to the loss of data, stolen or damage tosystem, cost which could impact on the successfulcompletion of the research (Hitt, Ireland andHoskisson, 2016).CommunicationIn order to communicate, McDonald's will make use ofmany communication channels such as conferencing,video call,s official mails, etc. The researcher will alsomake use of many communication devices such asvoice calls, video calls, video conferencing, socialmedia apps and some more to make the successfulcompletion of the project.ResourcesResource which are required for the completion of thisassignment by McDonald's is capital, raw materials,employees and many more. For the researcher, theresources which are essential to complete thefollowing research are computer system, internetconnection, stationary items, etc.P3) Work Break Down Structure and Gantt ChartWork Break Down Structure: The following structure can be defined as the structure which isused in order to create and defied the relationships in between different activities of the project s3

whole (Hornstein, 2015). The following structure will help McDonald's in making suitablechanges in their policies and procedures so that the profitability and productivity of the businesscould be improved. The description of the following chart has been provided as under:4

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