Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1 Define the project aim and objectives for given scenario......................................................1 P2 Develop a new project management plan..............................................................................2 P3 Prepare a work break down structure and Gantt chart...........................................................3 TASK 2............................................................................................................................................5 P4 Conduct small scale research by applying qualitative and quantitative research methods....5 P5 Examine research by using proper tool and techniques.........................................................8 P6 Provide proper recommendations as a result of research and data analysis to figure out purposeful conclusion...............................................................................................................13 P7 Focus on core value of research to meet desired goals and objectives................................14 CONCLUSION.........................................................................................................................14 REFERENCES..............................................................................................................................15
INTRODUCTION Globalisation means selling the product or service and technology across the border at international platform. In other words, it is a free trade between two or more nation to develop the economical status of countries. Beside this, globalisation increase the living standard of people and also provide job opportunities and access to more goods and services. It has opportunistic approach, but it directly benefits to big industries based in the different countries. Company have many advantages such as they can buy cheap raw material and can get cheap labour to manufacture the product (Incelli 2013). The current report is based on a fashion company who manufacture and sell their product to different retailer across the globe. John Lewis, is the UK based company which deals in designer product and offer their services to their respective customers. The company deals in variety of product such as clothing, jewellery, watches and house wears. In recent times, John Lewis have interred in shoe industry and have launched their new summer shoes company in London fashion week. The main objective of this report is to figure out aim and objectives for the case script of John Lewis. While conducting this report it cost, time, resources to develop the project. TASK 1 P1 Define the project aim and objectives for given scenario Globalisation means free movement of goods and services across the globe without any disruption. The company modify their import and export protocols and attract more and more foreign investment to increase their economy. Company have different methods to be successful at international level. John Lewis is launching new their brand new summers shoes with new Achilles protector technology which help in reducing stress. Company is launching their product at London fashion week event which is one of the prominent event conduct in UK. The new product will help to increase company profit and market share. By developing new features in their shoes they can attract more and me customers. Aim:“To launch brand new shoe with new Achilles technology at London Fashion Week in order to compete with other big shoe players in market”. A case study on John Lewis. Objective : To identify different methods of launching their shoe in global market. To figure out effectiveness of launching new product in market and business competitor. 1
To measure the challenges of launching new product at international level. To identify the business culture of new country to maximise organisation profit and market presence. Questions: What are the various method to launch brand new shoe at global platform? How to figure out the potential of introducing new product for respective customers? What are the difficulties faced by company while establishing new product in global market? How to examine strategies of business service in new country? P2 Develop a new project management plan A project management plan is detailed documents which provide information about every phase of a project. Project plan have many components while managing a plan such as planning, executing, monitoring and controlling. In other words, it is an authorized document which used to guide the manger to execute the project plan(Gebauer 2010). In regards with John Lewis, this plan will help the company to take effective decision to maximise company profit. It will help organisation to reduce risk and uncertainty in the new market and it will guide to take effective measure for launching their new product at international level. The management plan will assist the company to understand countries ethics, culture and trends in order to make the launch successful. There are various characteristic of project management plan that are explained in detail below. Cost:Before launching new product in the market company have to identify the cost and initiate the further plan according the budget of the company. For company like John Lewis, it is important to figure out the cost of introducing new product and the cosy of other business operations. The estimated budget should be taken by company because it will provide insight to mange the cost. The estimated cost of this project is around 10000 pounds. Scope:It is used to figure out different possibility which are linked with the project management plan for future. In the context of John Lewis, it help the company to identify various other business to increase theirmarket cap and their profit. If the company wants to expand they should analyse the different scope available in the market and component related with globalisation which provide ease for company to offer improved quality product and service 2
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to their target customer. Company will have scope to capture the untapped market to increase there presence at global level. Time:Time is one of the crucial factor for any organisation to initiate their activity in given time frame. In the case of John Lewis, company should develop a proper management plan to complete their task on time. Because time cost money, if company delayed its project of launching their brand new shoe in market so in this scenario company have to bear huge loses. The estimated time frame for introducing new product in market is 50 days. Quality:The main objective of developing new project is to render best in class service and quality product to their customers to create a brand image in the market. Due to many competitors present in market company have to make best quality product to survive fort long run. In context of John Lewis, company should improve their quality in product as well as service to gain competitive advantage in the global market. Communication:Effective communication will help the company to function their work smoothly. It help in reducing the time and effort in an organisation while performing the activitiesin production. Proper flow of communication will help to find the flaw in company which effects the company efficiency. John Lewis company should use proper channel of communication to bring out best result in company. Risk:Due the globalisation, risk have been increased seemly in last few decades. More and more competitors are entering in the business which increase the risk for every new company as well as existing firm (Eckerson 2010). In the context of John Lewis, they should identify the future risk and uncertainty occur n future. Risk can be of any kind in business such as cost, time, quality and market risk. Resources:Resourcesare limited in nature so company should use it effectively to reduce cost and save environment. While project is in process, it is the duty of manager to provide adequate resources such as money, time and raw material which are essential to carry out business activities effectively. John Lewis should manage their resources to better output and more profit. P3 Prepare a work break down structure and Gantt chart Work break down structure:The work break down structure helps to manage large junk of work into manageable pieces. This kind of structure is used by large company to manage their maple amount of work effectively in limited time frame. In other words, it works as 3
guidancefor company which illustrates about project completion. With help of WBS company can get detail information regarding the project and it become easy for other employees to understand. Gantt chart:Gantt chart is a tabular presentation of project which helps in planning and executing of the initial project. It also help in keeping track of of every phase of task and other project activities. The chart include horizontal bar which indicate the project plan and its advancement. The chart was developed by Henry Gantt in year 1915. In early days chart was drawn manually, but modern chart shows relationship between the process and recent schedule status. 4
TASK 2 P4Conduct small scale research by applying qualitative and quantitative research methods While carrying out the research project, it is important for the researcher to choose appropriate methods of research methodology (Den Hertog 2010). It will provide ease for researcher to carry out research. In addition to this it help in analysing, arranging and organising the actual data which are linked to project in best possible way. There are basically two types of research which are taken as consideration are qualitative and quantitative methods. Beside research methodology, it involves data analysis and design of project and much more. Further research methodology is explained below. Qualitative research method:It is an exploratory in nature which is used to gain insight of problems and help in developing ideas and hypothesis for research. The research used to reveal the current trends and thoughts and analyse the actual cause of problem. Qualitative research are semi- structured or uninstructed and some common methods are 5
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focus group and personal interviews and observations. In this research methodology sample size is very small and different respondent are chosen to fulfil the requirements for quota. Quantitative research method:This kind of research is based on the data and statistical numbers. The problem is solved by developing numeric data or the data which can be easily transformed into tabular format. This kind of research method are more structured than qualitative method. Quantitative research include various kinds of surveys like online surveys, paper and mobile interview and telephonic round. In the above project, qualitative research method is used for collecting information and statistical while conducting this report. Primary data:These are the kind of data that is collected by a researcher for the first time , and very techniques are used such as surveys, interviews and experiments. In other words the data or information is collected from the first hand source for a specific purpose. In the present report the researcher is using these methods with sets of questionnaire which can further carry out the research. Secondary methods:These kind of data are collected from the available sources. Such data are more cheaper and available from various sources such as internet, books and journals. Secondary data do not require to devote time, money and resources in research phase. The research can be conduct on the basis of past information which can be salutary for an organisation. Data collection:It is a method of measuring and identifying the close insight of research using a proper techniques. Hypothesis is been evaluated on the basis of data collection. This research include primary as well as secondary data method for further research. Questionnaire:It is a printed or written questions with the options of multiple choice of answer and it done to fulfil the purpose of surveys and statistical data. Questionnaire is develop by investigator to figure out adequate results. The sample size of this report is 30 respondents. 6
QUESTIONNAIRE Name: Age: Address: Gender: Mail Id: Q.1. What do you know about globalisation? Yes No Q.2. Do globalisation will really help in introducing new product for John Lewis? Agree Disagree Q.3. What are the advantages of launching new product at global platform? Increase in profit and market share Improvement in organisation brand value Q.4. What are the difficulties for launching brand new product (shoe) at international platform? Change in cultural environment Gaining attention of customers Q.5. As per your perception, organisation can gain benefits by adopting new strategies? Yes No Q.6. According to you what are the different ways in which John Lewis can launch their new product and international level? Develop effective market presence Focus on quality Q.7. Do you want to provide any suggestions and thoughts for launching new product in London Fashion Week in order to compete with other shoe brand ? TASK 3 7
P5 Examine research by using proper tool and techniques Theme 1: Globalisation concept Q.1. What do you know about globalisation?Frequency Yes20 No10 Interpretation :It has been figure out that globalisation is the method of communicating and exchanging of good and services for profit maximization. It provide ease to do business without any intervention of government and laws. There are 20 respondent who know about globalisation and 10 respondent are not aware about it. Theme 2: Globalisation help in launching new products ( shoe) of John Lewis company Q.2. Do globalisation will really help in introducing new product for John Lewis? Frequency Agree25 Disagree5 8 20 10 Yes No
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Interpretation:It can be describe that globalisation will help John Lewis for introducing new product from the market . This launch will help the company to expand their market at global level. The company can increase their profit and avail quality product to their respective customers. There are around 25 respondent who agree that globalisation will really help John Lewis to launch their product. Beside this 5 respondent were disagree on this question. Theme 3: Increase in market share and profitis the benefits of launching new products in the global market place Q.3.What are the advantages of launching new product at global platform? Frequency Increase in profit and market share23 Improvementinorganisationbrand value 7 9 25 5 Agree Disagree
Interpretation:From the above chart, it has been analysed that 23 respondent where agreed that launching new product in global will increase organisation brand value and reputation of John Lewis, and this expand the company profit and their market share. Apart from this, 7respondent are saying that it will increase the market share and profit. They are diversifying their product and marketplace. Theme 4: difficulties for launching new product range (summer shoe) in global market. Q.4. What are the difficulties for launching brandnewproduct(shoe)atinternational platform? Frequency Change in cultural environment10 Gaining attention of customers20 10 23 7 Increase in profit and market share Improvement in organisation brand value
Interpretation:While launching new product in market company faces different challenges and difficulties in other countries. Company have to identify all the pros and cons while introducing new product at international level. This chart explain that 10 respondent says that it will effect on cultural environment and remaining 20 told that it will be difficult for John Lewis to gain attention of different customers at global level. Theme 5: As per your perception, organisation may gain benefit by implementing new strategies? Q.5. As per your perception, organisation can gain benefits by adopting new strategies? Frequency Yes26 No4 11 10 20 Change in cultural environment Gaining attention of customers
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Interpretation:Strategies are important before launching new product at vast level. It help in reducing the risk of failure and theft for any organisation. In this question 26 respondent agree with the statement that John Lewis will gain profit if they implement new strategies before launching new product. In other hand 4 respondent were disagree about the above mentioned question. Theme 6: What are various method through which company can launch their product in global scale. Q.6. According to you what are the different ways in which John Lewis can launch their new product and international level? Frequency Develop effective market presence18 Focus on quality12 12 26 4 Yes No
Interpretation :Company must identify various kin of method and techniques to make a better presence in market. In this competitive world company have to focus on quality and their after sales services to sustain for long run in marketplace. In the context of John Lewis, they should offer better quality of product. In this above pie chart 18 respondent says that company have to make effective appearance and 12 respondent told that company have to focus on quality to satisfy the customer. Task 4 P6 Provide proper recommendations as a result of research and data analysis to figure out purposeful conclusion On the basis of above report, it has been identified that globalisation plays an vital role in developing business environment and performance of company in order to expand their market across the globe. In other words, organisation can gain profit and spread out their business activity beyond the boundaries.(Crane and Matten 2016) In the context of John Lewis, quality of product is crustal for successful launch of product. Company is launching their brand new shoe at global level which require lot of research and development to get success. They should figure out various factors and market condition of different countries before initial production to increase there profitability. 13 18 12 Develop effective market presence Focus on quality
P7 Focus on core value of research to meet desired goals and objectives As per the given project, I have faced numerous kind of issues and difficulties while investigating the product and services at global level(Ahmed Dine Rabeh 2013). I have to figure out whole scenario of market and their way of doing business before launching their new product ( summer shoe) for their respective customer base. For attracting more and more customer company have to launch their product at larger scale such as London Fashion Week. For this launch I have to analyse customer taste and preference . CONCLUSION From the above mentioned project, it has been identified that it is not an easy work for completion of report in given time frame. Globalisation has ease the process of business doing for many enterprises. This help to export the commodities from one country to another in effectively manner. While conducting the research investigator have use proper research method for better result. 14
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