Managing a Successful Business Project : Assignment Solved
35 Pages5741 Words47 Views
Added on 2021-02-20
Managing a Successful Business Project : Assignment Solved
Added on 2021-02-20
ShareRelated Documents
Managing a Successful Business Project-Globalisation
Table of ContentsINTRODUCTION..........................................................................................................................1TASK 1............................................................................................................................................1P1 Project aims and objectives ..............................................................................................1P2 Project management plan.................................................................................................2P3 Work breakdown structure and a Gantt chart ...................................................................3TASK 2............................................................................................................................................6P4 Small-scale research by applying quantitative and qualitative methods of research.......6TASK 3............................................................................................................................................8P5 Research and data by using appropriate tools..................................................................8P6 Recommendations as a result of research.......................................................................15TASK 4..........................................................................................................................................16P7 Value of undertaking the research...................................................................................16CONCLUSION..............................................................................................................................16APPENDIX 1.................................................................................................................................18APPENDIX II................................................................................................................................20
INTRODUCTIONProject management is process to achieve set goals of management within particularperiod of time. It is responsibility of management to managing the successful business project forbring the valuable outcomes. The project manager should measure all aspects included infunctioning of business. Nestle is multinational food and drink processing corporation thatheadquartered in Switzerland. This is biggest organisation in world measures through revenuesas well as other metrics (Briscoe, Tarique and Schuler, 2012). This present report covers small-scale research through applying the quantitative and qualitative research methods in order tomeeting aims and objectives of project will be discuss.TASK 1P1 Project aims and objectives Globalisation is explained as procedure through which organisation influenceinternational market through expansing business operations in various nations. It is an integrationof people, nation as well as government in various countries through global trade through usinginformation technology. It forces company to make the suitable chances in business process tomake the business in successful manner globally. In this, globalisation impact on the businessfunction in extensive and the pervasive nature (Budhwar and Debrah, 2013). When multinationalcompanies conduct their business at global level then they uses the better recruitment andselection techniques so that the employees can meet with international needs and able to dealwith the global clients.Background of ProjectGlobalisation is a developing interdependence of population, economies and culture thatbrought through cross- border in services and products, investment flow, people, technology andinformation. Nestle is multinational food and drink processing conglomerate corporation. In wasfounded in year 1866 through Henry Nestle. This company has global presence and providesbottled water, coffee, medical food, baby food etc. Nestle has gained the world- classrecognition. It uses internal as well as external both sources of recruitment. On the other hand,this organisation provides the training to its employees for enhance their knowledge and corecompetencies so that they can able to connect with global consumers and making businesssuccessful globally (DeCenzo, Robbins and Verhulst, 2016). 1
Aim: “To examine that multinational companies improve the recruitment, selection and trainingof their employees to meet International requirements”. A study on Nestle.Objectives:To analyse globalisation concept.To examine concept of recruitment, selection and trainingTo determine different sources to recruitment and selection used by Nestle company.To analyse various methods by which multinational companies can make improvement inrecruitment, selection and training of their employees to meet International requirements.Questions:What is globalisation?What is recruitment, selection and training concept?What are different sources to recruitment and selection used by Nestle company?What are various methods by which multinational companies can make improvement inrecruitment, selection and training of their employees to meet International requirements?Literature reviewGlobalisation conceptAs per the opinion of BEVERLY BIRD AND CAROL KOPP (2019) Globalisation isexplained as ways the people and people of world integrate and interact. It is an integration of themarkets in global economy and leading to enhanced interconnectness of the national economies.It is spread of technology, products and information across the culture and national borders. Theglobalisation is multi- dimensional process that is characterised through acceptance of set of theeconomic rules for design to increase productivity level. On the other hand, it can obtain supportof state with view for making national economy as well as competitive. On the other hand,globalisation permits the countries and also businesses to specialise in manufacturing servicesand products where they can gain the comparative benefit, trade helps in gain the economicwelfare. It implies opening of the nationalistic and local perspectives to wider outlook ofinterdependence work with the free transfer of services and products across the national frontiers.Concept of recruitment, selection and trainingAccording to opinion of Jill Harness (2019)Recruitment, selection and training are themost necessary concept of human resource management. They plays a necessary role in2
enhancing productivity of business. The recruitment, selection and training bring the humanresource and company together. Recruitment- It is explained as process of determining the requirements of company toemploy a person on vacant job position. It is continuous process through an organisationattempts to create pool of the qualified applicants for requirements of future human resourcesthought particular vacancies.Selection- It is a procedure of putting a right person on the right job. It is process ofmatching needs of company with qualification and skills of the people. The selection is related toselecting people which are qualified to fill the jobs in company. Selection of right applicant forthe vacant job position will be asset to company that will be helpful a firm in reach at specificobjectives.Training- It is defined as process of giving the necessary skills to staff members so thatthey can able to perform the job in an effective manner. Provide training to staff members is notcontinuous but given in the particular time period. With the help of provide training, companycan able to enhance the performance level of employees along with productivity of business. Different sources to recruitment and selection used by Nestle companyOn the basis of Smriti Chand (2019) internal and external are two different sources ofrecruitment and selection. Different sources which Nestle used given below:Internal sourcesPromotions- It means to provide high status, responsibility position to staff members.Vacancy can be filled through promoting better candidate from similar company.Transfers- It means change in employment place without any kind of change in salaryand responsibility of person. In this, vacancy can be filled through transferring suitable candidatefrom similar company.External sourcesAdvertisement- It is one of the better recruitment method that is used for the skilledemployees and high staff. It can be provided in professional journals and newspapers. In thisadvertisement is helpful in attract the large number of people. Campusinterviews- It is an effective method for Nestle to choose students from differenteducational institutions. It is economical and easier method. In this, students can get the effectiveopportunities to prove and also chosen for better job role. 3
Various methods by which multinational companies can make improvement in recruitment,selection and training of their employees to meet International requirementsAccording to viewpoint of Nikoletta Bika (2019) it has been stated that company needs tomake improvement in recruitment, selection and training of employees so that they can able tomeet with the global requirements. Through this, they can sable to deal with the internationalconsumers and resolve their query in an effective manner. There are some ways through whichmultinational firms can improving in recruitment, selection and also training of employees:Online platforms- Under this, multinational companies can use to online platforms or jobportals to search the capable candidates for vacant job position. It is helpful in enhancingproductivity and profitability of business. Internal recruitment methods- Internal recruitment is method of determining as well asattracting the job candidates within company. The internal recruitment methods are referrals,promotions, transfer etc. Through identifying the capabilities and knowledge of employees,multinational company fill the vacant job positions internally.P2 Project management plan Project management plan is explained as approved and formal document that guideproject control and execution. Project management plan is developed through project manager byfollowing inputs from key stakeholders and project team (Humphries, 2017). Different aspectswhich covered in project management plan are mention below:ScopeScope of this project is that it aids in increasing the knowledge aswell as skill of learner so that it can able to conduct the researchactivities in an effective manner. This given project aids inproviding the explanation related to particular subject. The mainlimitation of this research is that it takes more time to completebecause there can be many complexities while conductingbusiness. In this research going to cover about multinationalcompanies improve the recruitment, selection and training of theiremployees to meet International requirements.4
CostThis aspect is concerned with the cost that required for completingthe project in a better manner. Without money, project can not becompleted in a better manner. In conducting the project, there willbe labour cost, technology and many other involved. In this, totalcost required for completion of project will be £10000. To monitorthe budget, it is necessary to check the projected amount withactual. The budget of research mention below:ParticularsAmount Initial investment100000Expenses:Research and developmentalactivities25500Operational expenses15600Cost to IT experts21500Maintenance16400Licensing fee 6000Closing value15000TimeEach activity in the project management plan required to befinished with in particular time period. Time should be allotted tosingle task and it must be assured that the deadlines should befollowed (Kitchin and Tate, 2013). This project should be finishedwithin 2 months. No, time constraint will not impact on researchproject. In order to monitor the project, there is a need to divideactivities on the basis of set time period so that employees canfocus on achieving them effectively. It is important to finishproject within particular time period for getting positive outcomes. QualityThis plays an important role in project management. The quality ofproject should be high for getting the positive outcomes. In order todetermine quality, there is a need to apply the better qualitystandards. The quality of project will be good when it will providethe positive outcomes. Reliability of project is related to5
probability that provided project will be perform in a way toperform in efforts which have been needed within particular timeperiod. Validity is related to conducting an investigation by usingauthentic sources and also reliable in nature.CommunicationIt outlines that the project will be communicated to differentaudiences. There should be the proper explanation ofcommunication system and project performance documentationthat will be gives to different stakeholders. In order tocommunicate with the stakeholders about project, thenmanagement of Nestle will use Emails. For present the findings aswell as recommendations, researcher will use the power point andemails. Risk and resourcesIn performing the plan, the risk involved in completing the projectwithin time is technology and finance. It is necessary to manage allthese risks for better completion of project. On the other hand, formanage the project, there is a need to arrange some resources suchas technological, manpower and financial (Lakhani, Kuruvilla andAvgar, 2013). P3 Work breakdown structure and a Gantt chart Work breakdown structure- It is defined as deliverable oriented project breakdown in tothe small components. This is key project deliverable that help in organise the team work in tomanageable sections. It is one of effective way to divide the large projects in to small forcompletion of work quickly (Tuohy and et. al., 2013). The Work breakdown structure aids individe all the deliverables in to sub- deliverables until they are effectively managed andcompleted in quick manner. On the other hand, it helps employees to work in a better mannerwithout facing any issues. Project management has to plan for schedule, fixed costs and alsocompleteness of project. It is helpful in make planning consistent and gives better projectimplementation. 6
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Managing a Successful Business Project: Globalisationlg...
|34
|5730
|94
Managing Successful Business Project - Nestle Assignmentlg...
|27
|4966
|32
Managing a Successful Business Project : Nestlelg...
|34
|6823
|76
Managing a Successful Business Project Assignment (solution)lg...
|24
|5090
|472
Managing Successful Business Project Assignment: Nestlelg...
|20
|4220
|51
Assignment on Globalisation Samplelg...
|29
|5171
|36