Managing a Successful Business Project in Organisational Context

Added on - 21 Feb 2021

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MANAGING ASUCCESSFULBUSINESS PROJECT
Table of ContentsINTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................1Determine aims and objectives in organisational context......................................................1Project management plan.......................................................................................................2Work break down structure and Gantt chart to provide time frame.......................................3LO 2.................................................................................................................................................6Small-scale research by applying qualitative and quantitative research methods..................6LO 3.................................................................................................................................................9Use of appropriate tools and techniques regarding evaluation of research data....................9Appropriate recommendation as a result of data and research analysis...............................15LO 4...............................................................................................................................................16Reflection upon undertakings to attain objectives................................................................16CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20
INTRODUCTIONGlobalisation is defined as integration among regions and countries around globe whichare involved in exchange of services and products across borders. It benefits in expansion ofbrand identity of a firm that leads to enhanced economic growth and sustainability(Adzic, 2011).This assignment is written in context with TESCO which is a Britain based multinationalmerchandise and grocery retailer, headquartered in Hertfordshire, England, UK. This report willcover aims, objective and project management plan for a business project along with Gantt chartand work breakdown structure.LO1Determine aims and objectives in organisational contextBackground of the researchTESCO isUK based grocery and merchandise retailer, situated in England, UnitedKingdom. In terms of gross revenue, company is third biggest retailer worldwide. Organisationwas founded in 1919 by Jack Cohen.Positive influence of globalisation in case of UK business organisationEconomic impact:Due to globalisation, government of a nation can easily attractforeign direct investment that results in increased economical growth. Also, foreign companiescontribute a nation by providing employment opportunities, tax payments etc. due to whichliving standard of people enhances(Basu, 2014).Cultural impact:Globalisation helps in spreading of spiritual theories and ideas fromone place to another due to which people of different regions get familiar with the backgroundand living pattern of one another. This will helps in sustaining cultural diversity in UK.Ethical impact:Different countries have different regulations so that organisationalwork can be carried out in an ethical manner. Due to globalisation, employees in UK businessorganisation will interact with different organisations that will helps them in understandingvarious ethics and laws (Boyle, 2017).Overview of researchTo sustain strong global presence, support from different organisational function isrequired to TESCO which is mentioned below:1
Operation department:This department in TESCO is responsible to have goodinteraction among other departments so that duplication of efforts and work can bereduced and all business operations can be performed appropriately.Marketing department:This department is responsible for promoting the products ofTESCO to wider markets along with understanding the needs and requirement ofcustomers(Frankenberger and et. al., 2013).HR department:This department has responsibility to recruit efficient and culturaldiversified staff so that organisational work can be accomplished in an organised way.Accounting department:Duty of this department is to manage the accounts of TESCO.Allocation of budget and management of fund is carried out by this department so that allinternational and domestic business operations can be managed effectively.Aims of the Project“To analyse the positive economic, cultural and ethical impacts of globalisation onvarious business departments operated within business organisation”-A case study on TESCO.ObjectivesTo understand the concept of Globalisation.To analyse the impact of globalisation on various functional departments within TESCO.To determine the deviations faced by TESCO while globalising business.Project management planProject management plan is defined as an approved and formal document which specifiesthe manner in which a project is controlled, monitored and executed. It can either be a detaileddocument or summary. In respect with TESCO, to expand business operation in a successfulmanner a project management plan is defined below:Cost:It is an essential aspect in project management plan which leads to technology up-gradation, hiring of workforce, infrastructure advancement etc. In case of TESCO,expected cost for this project is 560000 pounds whereas from researcher's side, estimatedcost is 600 pounds.Scope:Scope defines the benefits that will be enjoyed by TESCO while expandingglobally(Hwang and Ng, 2013) As company deals in grocery and general merchandise,scope for company is very high as these are basic products which customers prefer to buy2
on regular basis. For researcher, scope of project is wide as it will help him in gainingadvanced knowledge and information.Time:It is a valuable aspect that will help the company in performing every task in anorganised manner. If time will not be managed appropriately then it will results inmismanagement of tasks. Time required by company to accomplish this project is 18months whereas from researcher point of view, required time is 3 months.Quality: Company will use appropriate resources while manufacturing products andproviding services to the customers (Jeston, 2014)Also, training will be given toemployees so that they can fulfil the requirements of customers in an efficient andsystematic manner. In case of researcher, quality of research can be enhanced with theuse of qualitative measures like personal interview, surveys, questionnaire etc.Communication:In order to expand globally, company is required to have appropriatecommunication within and outside organisation. Project members and employees ofTESCO can appropriately communicate with one another with the help of Emails, voiceand video conferencing, meetings, seminars etc. For researcher, desired communicationtools will be direct call, SMS, personal meeting etc. it will help them to interact withrespondents in an appropriate manner.Risk:This is another important aspect related with business expansion project ofTESCO. If these risks are not managed properly, it can results in project and researchfailure(Kiessling, Wilke and Kolbe, 2011).Different risks that can be faced by TESCOis poor managerial support, lack of funds, mismanagement of time etc. From researcher'sperspective, potential risk can be shortage of money, lack of information.Resources:These are vital constituents that will helps in conducting project activity in anorganised and satisfactory manner. For company, potential resources will be funds,technology, workforce, equipments, machines etc. In case of researcher, resources will beinternet, journals, books, research paper etc.Work break down structure and Gantt chart to provide time frameWork breakdown structure:It is referred as division of project into small manageablesections that are given specific time period(Martinsuo, Korhonen and Laine, 2014).Dueto segmentation of parts, project members of TESCO can be able to perform work in an3
organised and systematic manner. It will also benefit the company in acknowledgingestimated funds and resources(Spender, 2014).Gantt chart:It is defined as visual representation of the project along with specifiedtime-frame. This chart will benefits project manager in tracking and planning projectactivities so that all the work can be accomplished in a timely manner(Morris andGeraldi, 2011).In respect with business expansion of TESCO at global level, Gantt chartis mentioned below:4
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