Managing a Successful Business Project - TESCO
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Added on 2020-10-05
Managing a Successful Business Project - TESCO
Added on 2020-10-05
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Managing a successfulbusiness project
Table of ContentsINTRODUCTION...........................................................................................................................1LO1 .................................................................................................................................................1P1 Devise project aims and objectives for a chosen scenario.....................................................1P2 Produce a project management plan that covers aspects of cost, scope, time, quality,communication, risk, and sources...............................................................................................2P3 Producing a Work break down structure and a Gantt chart to provide time frames andstages for completion..................................................................................................................5LO 2.................................................................................................................................................7P4 Conduct a small scale research by applying qualitative and quantitative research methods.7P5. Analyse research and data using appropriate tools and techniques......................................9LO 3...............................................................................................................................................10P6. Data Analysis, Findings and Recommendation..................................................................10Findings.....................................................................................................................................17P7. REFLECTION....................................................................................................................19CONCLUSION..............................................................................................................................20REFERENCES .............................................................................................................................21
INTRODUCTIONMultinational companies provide different opportunities and growth with many benefits.However, this institution may also bring with them relaxed codes of ethical conducts.Multinational Corporation improving the balance of payments, investment basically is veryhelpful for the company to collect the different investment capital sources. Present research willbe based on the impact of multinational companies on the business environment of the other hostdestinations. To conduct this study further, research has been based on the multinationalcompany Tesco which is a British transnational consumer goods supermarket situated in UK andmore than 190 countries. However, research will explain the research aims and objectives bypreparing the project management plan. Overall, study previews the role of multinationalcompanies and its effects on the overall performance of the business environment of the goals. LO1 P1 Devise project aims and objectives for a chosen scenario.Background Multinational companies are kind of engine of global economic development,technological transfer and deepening globalization (Sassen, 2018). They not just focused on theirdomestic market and also planned to set up the new working environment for the newdevelopment process in host economies and by purchasing subsidiaries through mergers andacquisitions. Such as Tesco is the multinational corporation that are planning to operate its newbusiness expansion in chain market. So the study will find out that how Tesco affect the Chinamarket when they entered into the business. The scope of international business focuses on theparticular problems and opportunities that emerge because a firm is operating in more than onecountry. In order to critique that, International corporation also creating challenges for thebusinesses in terms of arranging the different resources. Sometimes multinational companiescreates its own monopolistic markets which creates inefficiency level of the business growth.Multinational business organisation has always been creating the advanced product or serviceswith some unique elements (Barlow and Clarke, 2017). It brings several growths anddevelopment area that brings by the organization in different productive manner and advancedbusiness growth. Present study based on the evaluation process to identify the impact ofmultinational organisation on the host country. Such as researcher will identify how Tesco affectthe business environment of China. International market must be stressed by the impact of the1
dynamic factors unique to the playing field for international business are felt in all relevantstages of evolving and implementing business plans (Gilberthorpe and Hilson, 2016). In order tocritique that, multinational corporation can also cause harm to the environment. Smaller or lessefficient government often trade an increase in revenues for access to their natural resources. Thelower standards creates better pricing structures for each customer. Aims : “To identify the impact of Multinational corporation on the business environment of hotsdestinations”. A case study based on Tesco.Objectives To determine the role of multinational companies in the development of businessenvironment of host countries. To analyse the positive and negative impact of multinational companies in host countriesTo ascertain the challenges faced by the business environment of the host country. P2 Produce a project management plan that covers aspects of cost, scope, time, quality,communication, risk, and sources.Table 1:Project Management Plan 2
Design 1 dayFri 4/13/18Fri 4/13/18Development of ProjectInitiation Document 15 daysMon 4/16/18Fri 5/4/181Determining resources ofproject 10 daysMon 5/7/18Fri 5/18/182Formulation of goals andobjectives 6 daysMon 5/21/18Mon 5/28/182,3Setting deadlines 1 dayTue 5/29/18Tue 5/29/184Gathering Team 15 daysWed 5/30/18Tue 6/19/185Develop 1 dayWed 6/20/18Wed 6/20/186Conducting meeting 10 daysThu 6/21/18Wed 7/4/185,7Scope of project 5 daysThu 7/5/18Wed 7/11/188Collection of data 10 daysThu 7/12/18Wed 7/25/189WBS structuring 10 daysThu 7/26/18Wed 8/8/1810Planning of budget 14 daysThu 8/9/18Tue 8/28/1811Implement 1 dayWed 8/29/18Wed 8/29/1812Assuring quality 20 daysThu 8/30/18Wed 9/26/1813Training of team 10 daysThu 9/27/18Wed 10/10/1814Evaluate1 dayThu 10/11/18Thu 10/11/1815Change control integration 21 daysFri 10/12/18Fri 11/9/1816Monitoring and control ofproject 10 daysMon 11/12/18Fri 11/23/1817Checking of quality 15 daysMon 11/26/18Fri 12/14/1818Closure 1 dayMon 12/17/18Mon 12/17/1819Evaluation of project 15 daysTue 12/18/18Mon 1/7/1920Areas of modification 10 daysTue 1/8/19Mon 1/21/1921Cost : Cost is the most essential element of the project management under which allactivities has been performed as per the set budget target. Project management process is theprocess to produce the research structure under which many activities are involved to be
performed. In order to that, to meet the present research aims and objectives, researcher requiredto set the cost of the activity in order to perform the result and goals. In order to critique Cost isthe component which highly harm the performance of research if in case its not been setproperly. Cost somehow affect the strategic decisions that directly impact the whole business.To identity the impact of multinational company on the business environment of host countrywill require resource and techniques to collect the different knowledge. So for that, costs is verymuch required to build up the effective management goals. Such as to gathered all datainformation, by using technologies in research it will be taking $450.00. Table 2: Budget ParticularsAmount $Rent of building100Salaries to employees150Furnitures for the building100Communication costs100Total450Scope : Scope is the project management element which is defined the project importance anddifferent opportunity in different context and goals. Scope of the study helps to know whaterectly study includes in the overall management in terms of managing the working targetperformance. In order to critique the analysis, Limitations of the scope can be the improperplanning, methodologies that impacted or influenced the application or interpretation of theresults. Due to lack of research studies on the topic can also create issues and challenges tomaking a research scope. Scope also define the importance of the goals which helps to determinethe importance of the globalization impact on the host business environment. Present study scopeis to evaluate the high range of effectiveness of international market performance. Time : Time is the most essential constraint in project management which defines thetime frames that weather project is started and weather it will be end. This must be done by thehelp of work breakdown structure that defines the each and every activity that have to beperformed during the whole research. It also must define the project task in order to develop thenew managing developing source and outcomes to be performed the best outcome results.Present research will be taking time of 8 weeks.In order to critique this observation time can
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