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Managing a Successful Business Project Assignment - Jaguar company

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Added on  2020-11-12

Managing a Successful Business Project Assignment - Jaguar company

   Added on 2020-11-12

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Managing a successfulbusiness project
Managing a Successful Business Project Assignment - Jaguar company_1
Table of ContentsINTRODUCTION...........................................................................................................................1Background of the Research...................................................................................................1Research Plan.........................................................................................................................3Work Breakdown structure for the Project.............................................................................5Research Methodology and Data collection...........................................................................7Analysis and interpretation...................................................................................................10Recommendation on findings...............................................................................................20CONCLUSION..............................................................................................................................21REFERENCES..............................................................................................................................22APPENDIX....................................................................................................................................25
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Topic: “What are the positive economic, cultural, and ethical impacts of globalisation ondifferent business functions within an organisation”.INTRODUCTIONGlobalisation is determined as valuable part of growth and success of an organisationwhich allows them to integrate with other nations through expanding its business at global level.The main objective of an organisation behind globalising its business is to capture huge marketshare and establish its brand image at global level but it may difficult for company due to havingstrong impact of economic, cultural and ethical factors on the different business functions withinan organisation. Globalisation increases competition in market which increases the demand ofusing advanced technologies to compete with each other. This can be possible with an adequatesupport of HR, Marketing, Operation and accounting departments which assist an organisation toglobalise their business. The present assignment report is based on Jaguar company which isengaged in providing luxurious and expensive cars across worldwide. The report includes projectaims and objectives, project management plan, qualitative and quantitative research,performance review and self-assessment. 1.Economic Impact: Globalisation makes positive impact on the stability and growth ofeconomy of UK. For an instance, maximising rivalry in market due to globalisationincreases the implementation of advanced technology especially by new businessentering at global level.2.Cultural Impact: On the other hand, cultural factors gets also positively affected byglobalisation in terms of recruiting employees on the basis of their skills instead ofdifferentiating their culture. It enables an opportunity to familiar with different culture soas deal with them accordingly. 3.Ethical Impact: Another affected factor is ethics which determine the judgement of anindividual towards right and wrong. Decisions of providing welfare services which canmaximise the interest of community as a whole. For example, Corporate socialresponsibility and ethical behaviours makes positive impact on globalisation of business. Background of the ResearchJaguar is one of the largest vehicle brand of Jaguar Land Rover which is a UK-basedcompany engaging in providing luxurious and expensive cars with standard services and1
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advanced technologies. Jaguar company manufactures the Jaguar cars until its operations werewholly merged with the Land Rover in the year 2013. As with an objective of capturing hugemarket share and reach their brand image at global level, the company decided to expand itsbusiness operations at international level due to which it may affect from various factors such ascultural, economical and ethical either in positive way (Adzic, 2011). It largely affects theirdecision of expansion due to which it is important for management to analyse their positiveimpact on different business functions such as marketing, operation, HR and accounting so as tomake decisions accordingly. It can be further understood as under:Operations: Expansion of business at global level consisting of several transactionswhich are required to made. This will be possible through recording each transactions in booksof accounts with the help of operation manager so that it will help in analysing the total expensesalready incurred by company during expansion.Marketing: It is an important functions which get affected while expansion of business atglobal level. It increasing the possibilities of generating important economies of scale bystandardizing operational marketing and in communication so as to deal with people havingdifferent cultures and ethics (Boserup, Tan and Toulmin, 2013).Human Resource: It is another important function of Jaguar company which is essentialto perform. During expansion of business, company requires more skilled workforce which canbe possible through HR department. Thus, the impact of globalisation makes huge impact onHRM. For this, HR manager need to adapt their practices of recruiting and training workforceconsidering foreign regulations, cultural differences and technological advancement.Accounting: It is related with maintain financial record through storing information ofeach financial transactions at one place using various methods such as MIS. Globalisation affectthe harmonisation of audit standards, financial services, and reporting. Globalising businessincreases transactions of company which must be recorded by the accounting manager so as tofacilitate Jaguar company in identifying cash inflow and outflow (Coker, 2014). Aims of the Project: “To analyse the positive economic, cultural and ethical impact ofglobalisation on various functions of an organisation”- A case study on Jaguar.Objectives:To determine the concept of Globalisation.2
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To identify the positive economic, cultural and ethical impact of globalisation of differentfunctions of Jaguar such as Marketing, HR, Operation and Accounting.To understand the relationship between globalisation and management functions ofJaguar at global level.Research PlanProject Title“What are the positive economic, cultural, and ethicalimpacts of globalisation on different businessfunctions within an organisation”.Project PlanCompany Name:Jaguar CostIt is a valuable aspect which support an organisation inproper execution of pre-determined plans andstrategies. For this, the management is responsible toensure the availability of funds after estimating theproject cost so that activities determined under projectmanagement plan is executed without any interruptions.It requires to minimise the wastage of cost throughlimiting expenses on unnecessary elements whichdoesn't not provided beneficial outcome to company innear future.ScopeJaguar is operated its business functions at large scalethrough having operations in different nations. Thus,expansion of business in other nations increases thescope of project.3
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TimeTime is an essential element to consider as it binds theemployees to perform allotted work within given timeframe. Working within time enables an organisation tograb competitive opportunities which will drives themto achieve strong stable position at global market.Therefore, time period should be determined firstbefore starting a project. QualityQuality always brings profitable result to anorganisation due to which the management mustrequired to focus on improving quality of work of theiremployees engaged in execution of project activities. Itcan be done through conducting training and learningsessions for them which makes them more capable toutilise resources at an optimum manner and minimisewastage.CommunicationEmployees of Jaguar can perform better if theyunderstand about the company's goals and objectivesalong with their roles and responsibilities. This will bepossible through bringing transparency incommunication so that any employee can easilycommunicate with superior managers regarding solvingtheir issues related with project. RiskRisk always exist in every aspect of project whichincludes money, time, technology etc. For this,management need to make research first in order todeal with them in more effective and efficient manner.ResourcesIt includes various aspects such as human resources,financial resources, technologies and many more whichbrings best possible outcome to company in return afterutilising them in an optimum manner.Type of ResearchPrimary and SecondaryPrimary: It is considered as a reliable and accurate4
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