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(Solution) Managing a Successful Business Project Assignment

Added on - 08 Dec 2020

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Managing a successfulbusiness project
Table of Contents...................................................................................................................................................1INTRODUCTION...........................................................................................................................3Background of the Research.......................................................................................................3Aims and objectives of the project.............................................................................................6Research Plan..............................................................................................................................7Work Breakdown Structure and Gantt chart for the Project.....................................................10Research Methodology and Data Collection............................................................................12Analysis and interpretation of both Qualitative and Quantitative data:....................................15Recommendation on findings...................................................................................................19Reflection..................................................................................................................................20CONCLUSION.............................................................................................................................22PERFORMANCE REVIEW AND SELF-ASSESSMENT..........................................................22PROJECT LOGBOOK..................................................................................................................23REFERENCES..............................................................................................................................272
INTRODUCTIONManaging a business in a more successful way at the time of globalisation so that strongmarket position can be attained at a global level. Globalisation introduces as an effective processthrough which different nations integrates with together via the exchange of goods, services,technology, skilled and unskilled labour etc. British Telecom company, a United Kingdom basedorganisation is taken for the purpose of completing the present assignment report. It deals withrendering communication services throughout the world (Ariely, 2012). This report will analysethe positive cultural, economic and ethical impacts of globalisation on various functions ofBritish Telecom. The aims, objectives and project management plan taking into considerationthe basic concepts like time scale, kinds of research like primary , secondary qualitative andquantitative. Lastly data recommendation and data interpretation have also done so as tofacilitate an organisation to carry out its decision to enhance business at a global level.Background of the ResearchGlobalisation is the process of products, services as well as people across differentnations. It describes the growing interdependencies of the world's economies, cultures andpopulation brought in by worldwide trade between nations in goods and services, technologies,flow of information, resources, finance, etc.British Telecom is engaged in giving telecommunication facilities in multiple number ofnations such as United Kingdom, United states etc.. Additionally, it renders its communicationservices to approx more than 180 nations (Crane and Matten, 2016). Moreover, the company hasalready achieved its great success at an international level as its delver excellent anddifferentiated customer services to a great level. Furthermore, the company has decided toenlarge its business operations across other different nations in order to achieve stronger brandimage than its competitors. Company must require taking a proper support from the differentdepartments in order to increase their scale of operations at global level. Here are brieflydescribed:Operations:Operating business at global level requires communication with differentclients with an objective of getting their support to achieve stability in new market. In additionto this its the responsible of Operation department to establish better ordination between differentdepartment of an organisation so as to minimise the duplication of work.3
Marketing:It refers as a main department of an organisation which is responsible tocreate awareness about the goods and services an organisation is rendering to its customers at thenation in which the company has decided to expand its business. Therefore, marketingdepartment can achieve a success only if the company allot experience employee in marketingdepartment who possess expertise and enough knowledge about how to influence and to createawareness about goods and services in marketplaceHR: Toattain sustainable growth in new market segment in short period of time it is verymuch essential for British Telecom company to hire HR who possess knowledge about differentlanguage, culture of different nation. As its the responsibility of HR department to select andrecruit best candidate who can effectively deal with different types of clients while enhancingbusiness at global level.Accounting:While expanding business at global level there take place lot of paperworkand transaction and it is very much essential to record each transaction in the book of account ofBritish Telecom organisation. Thus, in order to store and keep data safe there will be therequirement of accounting department so that they can get to known about the expenses thecompany is incurring while expanding operations at international level.Effect of globalisation on business within UKGlobalisation refers as an effective process of free movement of goods, services andpeople across different nations. It describes the growing interdependencies of the world'seconomies, cultures and population brought in by worldwide trade between nations in goods andservices, technologies, flow of information, resources, finance, etc. There are certain positiveeffects of globalisation discussed below(Cleveland, Laroche and Hallab, 2013) :-1.Economic Impact:This is related to the financial condition and profitability of theBritish telecom. Globalisation has increased the way of enabling financial stability andgenerating revenues and it has various impact on world's economies of British Telecomthat are discussed below :-More efficient markets: It is something, what very economic system endeavourfor. An efficient market is one for British telecom where, there is an reactionbetween what purchaser are willing to give amount of capital for a products orservices and what sellers are willing to sell. It will enhance the British Telecom,4
to improve their way of producing services by outsourcing process, purchasing foroverseas supplier which will offer discounts, etc.Increased competition: If British Telecom will have multiple competitors in themarket, then this will be beneficial for them as it will enhance the quality of theirproducts and services. When they will offer their services in global market, then itwill give customers various options and alternatives to choose from.Stabilize security :Globalisation is useful in heighten the world's security. It willbe very important in stabilising the security. This helped in reducing conflictbetween various nations as due to the fact of financial dependency on anothercountry.2.Cultural Impact:From the visual aspect of globalisation, culture is the process ofsocialization of an complex internal existence that takes signifier and activeness in sociallife. It introduces to the life as well as work of people, families and societies. Positivecultural impact of globalisation on British telecom is discussed below(Cleveland,Laroche and Hallab,, 2013) :-Accessibility: Through globalisation and worldwide access to internet facilities, assertsthe individual cultural identity in British telecom.Trade agreements: With trade agreements and telecommunications, corporate culturehas made it possible for British telecom to be globally wired and plugged into varioustechnologies.Enhance indiscriminate culture:They will permit free and discriminate operations oftransactional corporation in the functioning of British telecom, enhance free economiesin export and import.3.Ethical Impact:Business strategies includes business ethics for the purpose ofbetterment of employees as well as an organisation. British telecom has gained acompetitive advantage, goodwill and recognition. It helped them to attract a manpowerand enhances healthy working atmosphere. All this will help them in generating profitsand healthy competition. It further enables in preventing the unethical practices likecybercrimes, ensures security of employees like harassments, molestation, etc. It is usefulin analysing the human needs in global world, assures protection of society, etc.5
Aims and objectives of the projectAims of the Project.“To analyse the positive cultural, economic and ethical impacts of globalisationon various functional departments of an organisation”- A case study on BritishTelecom.ObjectivesTo understand the basic concept of globalisationTo examine the impact of globalisation on various functional department of anorganisationTo examine the factors affecting the British Telecom organisation at the time ofenhancing business at international level.To evaluate the impact of globalisation on business performance and success ofBritish Telecom organisation.Research PlanProject TitleTo investigate the positive impact of cultural, economicand ethical factors of globalisation on multiple functionalaspects of company- A case study on British Telecom.Project PlanCompany Name:British TelecomCostTo expand business at global level, BT requires to invest46000 pound which can be spend on different activitiessuch as purchasing plant, acquiring advancedtechnologies, recruitment of employees etc.Cost break down of projectBasisCostInvestment in fixed assets£ 20,000Cost of research anddevelopment£ 2000Employees Training£ 10,000Resources for Training andDevelopment£4,0006
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