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Managing a Successful Business Project with Globalisation

Added on - 23 Nov 2020

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MANAGING ASUCCESSFULBUSINESS PROJECT
Table of ContentsINTRODUCTION...........................................................................................................................3Positive impact of various factors of globalisation on businesses in UK...............................3Background of the research....................................................................................................4Activity 1.........................................................................................................................................4Aim and objectives.................................................................................................................4Research Plan.........................................................................................................................5Gantt chart..............................................................................................................................6WBS.......................................................................................................................................7Activity 2.........................................................................................................................................8Research methodology...........................................................................................................8Interpretation........................................................................................................................11Activity 3.......................................................................................................................................19Recommendation..................................................................................................................19Value of undertaking the research........................................................................................20CONCLUSION..............................................................................................................................21REFERENCES..............................................................................................................................22APPENDIX....................................................................................................................................23
INTRODUCTIONGlobalisation refer to the term in which an organisation develops international influenceby expanding the operations of business at international level.Globalisation provides a vision tothe firms to survive in the competitive world for long run.In this process, different people,processes, organisations integrate with each other in order to achieve their shared goals(Baylis,Smith and Owens, 2017).John lewis, an UK based high end department stores operating at 51locations is selected for this assessment. This projectwill cover the aims and objectives alongwith the questions for conducting the research. Further this assessment will also cover thevarious aspects of project management plan such as cost, resources, risks, communication etc.Along with the different data collection methods and type of data. This report will also develop aquestionnaire for interpreting the results as well as for providing a valid and meaningfulconclusion. Recommendations will be given in the end.Positive impact of various factors of globalisation on businesses in UKWhile globalising the business, organisations faces various issues due to the influence ofdifferent factors. These factors positively impact the business organisations of UK as discussedbelow:Economic: Due to the globalisation, competition in the market increases which alsoimpact the economy of a country in economic terms. This competition also provides the benefitsto the economy in terms of increased employment opportunities, increases tax revenue etc. whichcan be utilised for the development of the people of that particular country.Culture: In order to globalise the business, firms needs to determine the culture of thepeople so that proper support can be acquired through them. This determination can be done bytaking the assistance of the local employees who are having suitable knowledge regarding theculture of that place in order to satisfy the cultural requirements of the people for enhancing theirsatisfaction from businesses(Bertels, Koen and Elsum, 2015).Ethical: There are various norms, standard, values of the people which should berespected by the businesses during the globalisation process. This is essential in enhancing thebrand image so that good customer base can be developed from the improved reputation.
Background of the researchJohn lewis, a departmentalstore chain having operations throughout the UnitedKingdom. The parent company of the firm is John Lewis Partnership which was formed in theyear 1929. However the first store of the chain was opened in year 1864 at Oxford street,London. The company is employing more than 38,100 employees throughout their stores in UK(Fageha and Aibinu, 2013).The organization has decided to increase the business operations ateconomic level to capture the market shares and to earn more profits. So for the success of thisexpansion,company needs to focus on various factors which impactsglobalisation in thebusiness operations so that proper modifications in strategies and policies can be done. Thisimpact is as follows:Operation: This department is responsible for creating the synchronisation between thedifferent departments of John lewis in order to eliminate the chances of errors so thatorganisational goals can be achieved effectively. Proper communication is required in order toconvey the essential information to other departments and employees.Marketing: Marketing function is responsible for promoting the offerings and brand of anorganisation at global level. For this, the managers of the marketing needs to develop newmarketing strategies or needs to modify the existing strategies so that more customers can beattracted towards the brand(Forsgren and Johanson, 2014).Human resource: This department is responsible for hiring the candidates so that theycan handle the international clients effectively. The HR manager needs to ensure that they arehiring the suitable candidates having proper information regarding the culture of local people andalso for communicating the customers in an effective manner.Accounting: Accounting department is responsible for maintaining and recording thetransactions done in the company. The accounting manager needs to record the transactions ofthe company which occurred in the globalisation process so that proper amount of funds can bemaintained or collected from different resources.Activity 1Aim and objectivesAim
“To determine the positive economic, cultural and ethical impact of globalisation ondifferent business functions within an organisation”- A case study on John Lewis.ObjectivesTo interpret the process of globalisationTo identifythe influence of globalisation on variousorganisational function of JohnLewis.To evaluate the challenges faced by John lewis during the globalisation.Research PlanResearch plan consist of various factors which should be considered by the firm andresearcher in order to ensure successful execution of the research. These factors are discussedbelow:Cost: This is the amount of money which will be utilised in conducting the research. JohnLewis has estimated an amount of 2,00,000 pounds. 50,000 pounds will be used for purchasingthe machinery, 50,000 for hiring the employees and remaining will be used for purchasing theraw materials, building and marketing. Whereas researcher has estimated an amount of 15,000for conducting the research which will be utilised for travelling purpose so that suitableinformation can be gathered through the interviews of stakeholders.Scope:the organisation has a wide scope for this projectas it will satisfy the needs ofpeople in which the company is expanding the operations. The organisation can provide theirproducts to more number of customers through this expansion(Lundin and et. al., 2015). Thescope of project for the researcher is also high as it allows the firm to acquire appropriateinformation regarding the market and customers so that the products can be providedaccordingly. This research will also provide the information associated with tools and methodswhich can be used for driving the firm towards sustainability.Time: John Lewis has estimated a time period of 6 months for executing the expansionprocess whereas researcher has estimated a time frame of 1 months for conducting the researchas well as for gathering the information for concluding the research.Quality: This is an essential aspect for the John lewis for achieving the desired objectivesand goals for the globalisation process. The company has decided to provide the quality basedproducts to the customers in order to stay ahead of the competitors. Company will also use the
updated machines and effective tools for ensuring the quality of products. Whereas researcher isusing the qualitative method so that valid and reliable data can be obtained for concluding ameaningful and reliable conclusion.Communication: It is also an essential aspect for the research as well as for the company.John lewis has different department due to which company has decided to use suitablecommunication channels for effective communication among the departments such as ERPsoftware, Slack etc. Whereas researcher has decided to use the calls, messages and video calls forcommunicating with the different stakeholders of the company in order to gather the data.Risks: There are various risks which can be faced by the John lewis in the expansionprocess such as lack of funds, unskilled workers, out dated technology etc. which can impact thefirm during globalising the business(Nicholas and Steyn, 2017). Several risks also faced by theresearcher in collecting the information such as lack of funds, lack of communication skills,language or cultural barriers etc. which can impact the execution of the research.Resources: Various resources are required by the John Lewis so that they can perform theglobalisation process effectively. These resources includes funds, machines, building, skilledworkers etc. for performing the operations of business. researcher will also require severalresources such as internet connection, funds for travelling etc.to operate research programmes inproper way.Gantt chartIt refers as graphic content of various pre determined activities of the research project arementioned in order to track the progress of the project. The time frame along with the outcomesare also mentioned in the chart which enables the researcher in conducting the research properlyby tracking the execution of the activities(Polonsky and Waller, 2018). It is also useful forresearcher in managing the various activities so that valid and meaningful conclusion can bedrawn.
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