Managing a Successful Business Project: Objectives
Added on 2021-02-19
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Managing aSuccessful BusinessProject
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Aims and objectives of project.........................................................................................1P2. Project management plan.................................................................................................2P3. Work Breakdown structure and Gantt Chart....................................................................4TASK 2............................................................................................................................................6P4. Small-scale research by applying qualitative and quantitative methods..........................6TASK 3............................................................................................................................................8P5. Analyse research and data using appropriate recommendations......................................8P6. Recommendation for research........................................................................................12TASK 4..........................................................................................................................................13P7. Reflection of research.....................................................................................................13CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14APPENDIX....................................................................................................................................15
Topic: “How do multinational companies improve the recruitment, selection and trainingof their employees to meet International requirements?” INTRODUCTIONGlobalisation is the activity of free movement of goods or services from one country toanother. It enables integration products, technology, information and employment cross-borders(Definition of Globalisation, 2017). This creates a link between different nations for fosteringgrowth of various economy existing across the globe. It can affect a business in positive as wellas negative way. Mainly, it is a step in gaining a position to survive in tough competition. Thisreport has been drawn on Nestles which has its headquarters at Vevey, Switzerland. It is asuccessful company dealing in variety of products and operating at global level. Further, thereport includes aims, objectives, gathering information by using primary and secondary methodsfor the research. TASK 1P1. Aims and objectives of projectGlobalisation is a multi-dimensional procedure which involves integration of markets inglobal economy resulting in enhanced interdependency of national economies. Every entityexpanding its business in international market has to follow rules and standards of World TradeOrganization (WTO). Anthony Giddens has defined “globalisation is the intensification ofworldwide social relations which link distant localities in such as way that local happenings areshaped by events occurring many miles away and vice versa.” In simple terms, globalisation is aprocess in which companies can do trade beyond the national boundaries for the growth of theirbusiness (Beh and Loo, 2013). It has pros and cons which should be analysed before goingglobalised. Globalisation is a wide concept which includes variety of areas capable to impact thebusiness. A research has been conducted in this report in respect to Nestle. This report presentsthe impact of globalisation so that quality of recruitment, training and selection can be increasedfor meeting the requirements at international level. Nestle has proposed to expand its business ininternational markets to increase its profitability and sales by adding more customers in itsexisting customer base. This has been made by carrying a research for making decisions andplans regarding this. The outcomes of the research has been used to determine the probability ofsuccess of expansion plan of Nestle. 1
Aim- “To refine recruitment, selection and training process for employees by multinationalcompanies for complying with international requirements- A research on Nestle”Objectives of research- To understand meaning of recruitment, selection and training.To identify ways in which training can be imparted to workforce of Nestle at global level.To analyse contribution of training in unlocking international business opportunities. Questions- Explain the meaning of recruitment, selection and training.What are the way by which training be provided to employees of Nestle at global level?How training can contribute to grabbing international opportunities?P2. Project management planProject management plan is a formal document approved by the management whichoutlines a plan along with its implementation. The main aim of project management plan is toprovide a comprehensive baseline of the targets and the ways which will be followed forachieving them (Boella and Goss-Turner, 2012). It is prepared in a detail manner explaining thesteps required for finalising a plan. These steps should be followed in the right sequence foreffective execution. Some of the elements of Nestle's project management plan are as providedbelow: Cost- Cost refers to an amount which has to be paid for getting something. Organizationsdefines cost in monetary value which is recovered from the customers by adding profit but profitis not treated as the part of the cost. This can be included in financial resources as withoutincurring cost no product or service can be produced. With regard to Nestle, it should determinethe estimated cost that will be incurred. From the point of researcher, it will cost approx. £185and Nestle has fixed the project cost at £38million. ActivitiesAmountCost of research100Cost of recruitment:Selection: 75Research: 25100Total 1002
Scope- It is the framework of the whole plan in which business can grow. There arenumber of opportunities included in this component of project management plan. The mainaim is to areas in which the business can make profit and increase the growth. In the contextof Nestle, the management should prepare a plan on the basis of research describing actionsto be taken for its implementation. Time- Every plan should include a time limit within which the plan needs to beimplemented. The best way to find the time is to go through the historical data about thetime taken for completing every project (Cullen and Parboteeah, 2013). Nestle hascalculated the minimum time it requires to successfully complete this project which is 5months. Whereas from the point of view of researcher, this research will be completedwithin 1 month. Quality- Quality should be there in every goods produced by companies engaged inmanufacturing the goods. Nestle's goodwill and brand name are the outcome of good qualityproducts. Hence, it should consider the international standards of WTO for producing theitems and research has used primary methods for maintaining the authenticity of theresearch. To maintain the quality of the research, primary sources have been used in thisproject. Communication- The flow of information is necessary for completing the work ontimely basis. With regard to Nestle, it has effective channels for communicating importantinformation and follows top to down approach for this. It uses e-mails and official portal ofthe company for any announcements or forwarding information. On the other hand,researcher has suggested that questionnaire is prepared to communicate with respondents. Risks- Every business has number of risks which should be identified and analysedbefore executing a plan. If the risks are not assessed or examined, then it can damage thebusiness negatively (Daher, 2015). The possible risks that can affect business of Nestle arerisks from the competitors and instability in the business cycle and researcher has assessedthe risks such as lack of time, management risk etc. which can occur while conductingresearch. Resources- A business should have sufficient resources for allocating them in theright and required proportions. This increases the usage of the available resources in anoptimal way for achieving the targets within specified time. In relation to Nestle, it should3
gather the resources which will be required for carrying the operations smoothly.Recruitment of employees will be done if required.P3. Work Breakdown structure and Gantt ChartWork Breakdown Structure Work Breakdown structure is a tool or method which break a large project into smallsets or units so that project can be completed within the time. Generally, complex projectsare broken down which are allotted time limit for completing them. A large project can notbe completed rapidly because of level of complexity. This is the main reason for dividingthe the whole project in smaller parts (Festing, Schäfer and Scullion, 2013). Every employeeis given the responsibility of each such division so that the project activities can be carriedin more productive way. Also, it can be used in ascertaining the various resources requiredby identifying and distinguishing between risky areas from non-risky areas. With this, setswith high risks can be given more focus. It is controlled by the management of the company.4
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