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Managing a Successful Business Project - Assignment

   

Added on  2021-01-02

25 Pages4650 Words419 Views
Managing a Successful Business ProjectSession: February 2019Managing1
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a Successful Business Project Plan2
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Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Aims and objectives......................................................................................................1P2 Project Management Plan............................................................................................2P3 Work breakdown structure and Gantt chart to provide time frame and stages forcompletion.............................................................................................................................6LO 2.................................................................................................................................................7P4 A small scale research by applying qualitative and quantitative research methodfor meeting objective and aims of the project...............................................................7LO 3...............................................................................................................................................15P5 Analyse research and data using appropriate tools and techniques...................15P6 Finding and recommendation....................................................................................17LO 4...............................................................................................................................................18P7 Reflection......................................................................................................................18CONCLUSION.............................................................................................................................19REFERENCES............................................................................................................................20APPENDIX...................................................................................................................................21Interview Questions...........................................................................................................21Questionnaire.....................................................................................................................213
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INTRODUCTIONGlobalisation has major impact on the MNC that has changed total scenario ofthe economies. It can be considered as convergence of economic activities in thecontext of production and marketing .Marketing globalisation has created new marketingopportunities , decreases marketing costs . In addition to this it also helped in creatingvarious streams to generate income and meet the needs of local buyers.The present study is done on impact of BMW on the business environment of UK(Epstein, 2018). BMW is the multinational company of Germany, that manufacturespremium class vehicles and has distribution network around various countries of theWorld. It manufactures BMW cars, BMW cycles, BMW motorcycle, aircraft engine. Itsmajor competitors are Mercedes and Audi. Apart from that It produces its auto mobilefactories in Germany, U.S., Mexico, South Africa, and China. It is now entering in themarket of UK which is the most growing economy of the World. The UK economy isgenerally stabilized ,that will help BMW to increase its profit and maintaining sustainablegrowth. It will also helps in creating opportunities for job in UK. According to the PMBOK (Project Management Body of Knowledge) 3rd edition, Aproject is defined as a “temporary endeavor with a beginning and an end and it must beused to create a unique product, service or result”. Further, it is progressivelyelaborated. What this definition of a project means is that projects are those activitiesthat cannot go on indefinitely and must have a defined purpose.LO 1P1 Aims and objectivesBackground of the studyMultinational companies are the establishments which work across the countries.Multinational company provides many benefits to the host company in which they areestablished. These companies provide them relaxed code of ethical conduct that serveto exploit the neediness of that nation. Multinational company also provide the criticalsupport necessary for the economic and social development in that nation. Multinationalcompany invest in the countries which increases the investment in the host country.Through the establishment of the multinational company in the host country there aretechnological changes in the country. The multinational company brings with it the1
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employment opportunities for the people in the host country as the recruitment aremostly done from the domestic country. There is increment in the sources of tax by thecoming of multinational company, as the profit of the multinational company will besubject to the local taxes which provides for the revenue source to domesticgovernment(Epstein, 2018). The onset of multinational company in the host countryimproves the reputation of the host country, thereby increasing the chance of coming ofmany large industries in the country. Though there are many advantages of the comingof multinational company to host country but there are some consequences also whichare – increased competition, the existing companies in host country face the problem ofhigh competition. And also there are environmental effects as the host company workfor the cheapest and efficient methods to produce its product but ignores there effect onenvironment(Young,Hood and Hamill, 2017). Aim: “To identify impact of multinational companies on business environment of UK: Astudy on BMW”Objectives:To understand conceptual framework of globalizationTo determine the impact of BMW on social, economy and environmental condition ofUKTo identify relationship between working of BMW and business environment of UKas host countryP2 Project Management Plan The scheduling of all the activities related to the project is project planning plans.The project planning plan is to be made for the efficient project and the completion ofthe project in time. Through the project planning there can be evaluation of the projecttopic, the time taken to complete that project, its aims and objective, scope, cost, qualityof project and the communicating persons for the report. This is a prime duty of theproject manager to allocate and mange the work good quality of work in the project ontime and with low cost. Scope: Scope of this project is very wide as it will help multinational companies incontributing well in economic development of host countries. Researcher has scope2
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to improve their knowledge on current burning issue. Furthermore, there will notinvolvement of statistics and other facts. It will only include theoretical frameworksrelated to subject matter. Through the project the researcher will study the effects ofthe multinational companies on the development of the host company(Fletcher,2017). The project will be limited to the effects of the multinational companies andnot the domestic companies. Resources: Researcher will require human resource, physical resource, material,equipment’s, funds. All these resources will have to conducting this study in effectivemanner. In order to complete this project researcher, need the economic data of thehost company, reviews of the people in the host company, and the articles by thepolitical parties which shows the effects of the multinational company. With the helpof these resources the researcher is able to complete the quality project on time.The origin of the resources are through outside sources. There has been opinionand behaviour analysed as the survey conducted on 10 respondents.Time: The researcher divided the tasks of the project according to the time so thatproper time can be given to every topic of the project. This project will be completedin 8 weeks(Fletcher, 2017). Cost: the researcher incurred the cost in the completing the research project. Thetotal cost of doing this project is £5000. Use of software will need fund, furthermore,scholar will require money for transportation thus, overall budget of this researchproject is 5000 Pound. TaskscostTopic selection500Objectives of research750Review of research800Research method used350Analysis of data collection800Finding and conclusion 600Changes after Feedback700Project submission 500total cost50003
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