Managing a Successful Business Project Assignment - (Marks and Spencer)
Added on 2020-11-12
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Managing aSuccessful BusinessProject
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1: Project aim and objectives....................................................................................................1P2 Project management plan with cost aspects, scope, time, quality and communication risk..2P3: Work breakdown structure and a Gantt chart.......................................................................3TASK 2............................................................................................................................................5P4: Small scale research by implementation qualitative and quantitative research....................5TASK 3............................................................................................................................................8P5 Evaluation research and data using appropriate tools and techniques ..................................8P6 Appropriate recommendation as a result of data and research analysis..............................11TASK 4..........................................................................................................................................12P7 Reflection upon undertakings to attain objectives...............................................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14APPENDIX....................................................................................................................................15
Title- “Positive economic, cultural and ethical impacts of globalisation on different businessfunctions”INTRODUCTIONGlobalisation includes the process by which an organisation operates its businessactivities at global level through exchanging goods and services with other countries. Thus, tomanage any business project more successfully it is important for the management to analyse theexternal factors and accordingly formulate an aim and objectives so that their employees getright direction to perform. The present assignment is based on Marks and Spencer (M&S) whichis engaged in providing multiple of products such as clothing, home products and luxury foodproducts. The project includes the aims and objectives, project management plan, breakdownstructure, Gantt chart, small scale research, methods and techniques to analyse data etc. Theproject also explains the recommendation and reflection upon undertakings.TASK 1P1: Project aim and objectivesGlobalisation refers to the process by which an organisation start to operate its business atglobal level. It is an integration of companies, culture, government, people etc. through aninternational trade with the help of using information technology. For this, it requiresmanagement to make relevant and competitive changes in their existing policies and plans so asto reach its business at global level. The impact of globalisation is extensive and pervasive. Thedecision of expanding business at global level is made with a clear objective of capture hugemarket share as well as high profitability.Background of Project:Every business firms tried to enlarge their business operations through expanding itsbusiness at international level. Globalisation connect two countries in terms of sharing itsculture, heritage and caste by international trade. It requires maximum support fromtechnological advancements, ethnology, transportations etc. Marks and Spencer is UK basedorganisation which is operated at international level. It has been operated its business in multiplenumber of nations such as France, India etc. At the time of expansion of business to differentnations, the impact of globalisation on management and human resource is necessary. To sustain1
in new market, the company should recruit skilled and knowledgeable employees, trained themand make their staff more capable to support company in reaching its business in many countries.Aim: To identify the positive economic, cultural and ethical impact of globalisation on HR functionsof an organisation: A case study on Marks and Spencer.Objective:To determine the concept of globalisation.To examine the positive economic, cultural and ethical influence of globalisation on HRfunction of company.To determine the role of globalisation in improving levels of labour migration betweencountries.Research Questions:Define the concept of Globalisation?How to examine the positive economic, cultural and ethical influence of globalisation onHR Functions of company?How Globalisation play a role in increasing levels of labour migration between nations?How globalisation and growth of HR functions interconnect with each other withinMarks and Spencer?P2 Project management plan with cost aspects, scope, time, quality and communication riskProject management plan is a preparation of execution of project activities in which allplans and actions are written in advance with the purpose of giving right direction and guidanceto the employees without facing any future contingencies. It increases the chances of makingbusiness project more successful through determining project activities, resources utilised,manpower needed etc. in advance. Apart from this, scope, time, quality, risk etc. are included insuch project management plan which is further understood as under:Scope: Marks and Spencer is UK based retail company which deals in providing widerange of products such as food, clothing and home products. It is currently operated its businessat global level by having number of stores located at different nations such as France, India etc.Therefore, the scope of sustain at global market with wide range of quality products are veryhigh (Basu, 2014).2
Cost: It is another important concept which assist organisation to reach its business atdifferent nations without facing of lack of financial resources. For this, the management is heldliable to arrange and manage funds from different sources such as banks to utilise them in betterfunctioning at global level. It include the functions such as planning of funds cost budgeting,controlling expenses etc. For example, recruiting skilled employees by HR manager requiredfunds to incur in conducting recruitment and training programs. Risk: It always present in any project activities which can affect the aims and objectivesof an organisation as well. For this the management is held responsible to forecast the risk inadvance which can be related with shortage of funds, lack of support of employees, inadequateresources etc. Operating business at global level involves huge risk which should be tackled bythe management of M&S through conducting research about such aspects that causes risk inadvance. It assists management to make effective strategies and plans in order to deal with futurecomplexities in more effective way (Davies and Hughes, 2014).Communication: Mutual help gotten by employees can be conceivable only when themanagement of M&S can build up a decent communication channel at work environment. Theemployee’s feels motivated when they unmistakably comprehend the organization mainobjective behind global expansion alongside their jobs and obligations thus it is more essentialfor management to bring transparency in communication and give a stage to workers to speakwith best specialist specifically. This will make positive impact on the execution of projectactivities of M&S.Resources: It is essential necessity which motivates management of M&S to acquiresufficient amount of resources which includes human resource, fund, technologies etc. whileexpansion of business at global level. Having adequate measure of resources, for example,capitals, reserves, talented employees and so forth urges organization to work on execution oftheir innovation decisions. Hence, the management of M&S Should initially arranged resourcesthrough taking help from various divisions and oversee them as needs be (Harish and Kumar,2014).P3: Work breakdown structure and a Gantt chartWork breakdown structure: It is somewhat graph which demonstrates the connectionsamong the project activities executed in finishing of undertakings. The graphical idea of workbreakdown structure can encourage management of M&S to foresee results dependent on3
different situations which guides management to reconsider about their current arrangements andchoose whether to roll out a few improvements or not in order to accomplish beneficial results.Gantt chart: It is a viable horizontal bar chart created as production control technique inthe year 1917 by Henry L. Gantt who is an American architect and social researcher. It helpproject management of M&S to utilize Gantt chart as a huge representation of a calendar thatassistance in making suitable planning, coordinating and following particular tasks in anundertaking. It is otherwise called visual project presentation where all project activities thatought to be executed are shown and separated on a chart. It motivates workers to performallotted tasks inside given time frame to help organization in accomplishing its desired objectivesand goals (Heger and Rohrbeck, 2012).4
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