Managing a Successful Business Project - Nestle Assignment Sample
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Added on 2021-02-20
Managing a Successful Business Project - Nestle Assignment Sample
Added on 2021-02-20
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MANAGING ASUCCESSFUL BUSINESS PROJECT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1) Draw project objectives and aim in context with Nestle.................................................1P2) Project management plan along with its various aspects.................................................4P3) Discuss briefly about Work Break Down Structure and Gantt chart...............................2TASK 2............................................................................................................................................5P4) Investigate the research by taking help of quantitative and qualitative approaches andmethods...................................................................................................................................5TASK 3..........................................................................................................................................10P5) Examine research and data by using tools and techniques............................................10P6 Appropriate recommendation as a result of data and research analysis..........................20TASK 4..........................................................................................................................................20P7 Reflect on the value of undertaking the research to meet stated objectives....................20CONCLUSION..............................................................................................................................22REFERENCES..............................................................................................................................23LOG BOOK ..................................................................................................................................24PERFORMANCE REVIEW.........................................................................................................27
TITLE:“How do multinational companies improve the recruitment, selection and training of theiremployees to meet International requirements”. A study on Nestle.INTRODUCTIONRecruitment is defined as the procedure of employing potential resources to fill up theempty job positions in an organisation. Selection is a method through which a suitable candidateis hired that can helps an organisation in achieving its aims and objectives by efficient means.Training of employees involves different processes that ensures that a job holder posses rightkind of attitude, knowledge, skills and capabilities (Armstrong, Landers and Collmus, 2016).This will benefits an organisation in achieving targets in a proper manner. This assignment isbased on Nestle that is a Swiss based multi-national drink and food company which isheadquartered in Vaud, Switzerland. This assignment will cover about project objectives andaims along with different aspects of project and its management plan. Beside this, Gantt chartand Work break down structure is mentioned and a small scale research is carried out by usingdifferent research methods. At last, relevant recommendations are given to draw meaningfulconclusion. TASK 1P1) Draw project objectives and aim in context with NestleBackground of the reportThe main reason behind working on this report is to acknowledge the effectiveness oftraining, selection and recruitment of workers so that domestic and international needs can besatisfied properly. Nestle is a multinational firm which operates in global context, it is importantfor the firm to improvise their recruitment, training and selection processes to achieve highgrowth. These improvements will benefits the company in gaining competitive advantage overcompetitors by earning high revenues. Aim: “To evaluate how large scale multi-national firms improves their recruitment, trainingand selecting of workforce to accomplish global desires” A case study on Nestle.Objectives:
To acknowledge the concepts related with selection, recruitment and training. To examine how training, selection and recruitment in business firms benefits in meetinginternational requirement.To analyse various methods of training used by a company to encourage their workforce Questions: What is the meaning of selection, recruitment and training. How training, selection and recruitment of firms benefits in achieving internationalrequirement.What are the various ways of training used by a firm to motivate their workforce Limitation of the research This study requires large sum of capital and time to accomplish improvements inrecruitment, training and selection. Project ScopeWith the help of appropriate training, recruitment and selection, it is possible for abusiness firm to sustain a strong position in international market. Part 2 – Selection processInternal selection Large organisations such as Nestle prefers to hire capable and talented employees forvacant position inside their workplace. As employees are already working for company, it iseasier for them to understand rules and procedures of firm. This will benefits Nestle in enhancingtheir productivity and profitability. There are some methods by which Nestle can select desiredcandidate within an organisation. Skill test: With the help of skill text, Nestle can identify the abilities and talent ofindividuals for a particular position or vacancy. In this test, applicants are asked some questionsand best nominee is selected in accordance with the response they give (Boyle, 2017). Test interview: Manager in Nestle can conduct various interview rounds such asindividual review, panel interview etc. to identify the interest of workers about the vacantposition. This will help the company to select desired candidate out of already existingemployees for the unfilled position. Cost of selection process
Before performing selection procedure, Nestle is needed to estimate expenses and costwhich will be incurred during the procedure. Due to this, shortage of funds will not be faced bycompany and concerned activity will be performed in an appropriate manner. Lack of sufficientcapital can hinders the high productivity of company. Below is mentioned estimated cost forselection process: Total Forecasted BudgetParticulars2016-2017 ($)R& D50000Expenses related with publicity90000Machinery and Plant installation expenses14000Cost for training 11000Booklet15000Total Cost180000Part BTraining of employees: Nestle offer efficient training to their staff members so that theycan perform appreciably in difficult and changing situations. Training will benefits Nestle inincreasing working potential and skills of worker so that company can earn high profits.Different type of training is mentioned below: Induction training:While introducing new workers about the job, organisational rulesand culture, it is essential for a firm to conduct induction program. This program willallow new employee in getting familiar with company so that they can work in acomfortable manner. This will enhance productivity of company (Brewster andHegewisch, 2017). Orientation training: In this program, a business firm tells new employees about thebasic information and vision of company. This helps the employees in working to achievea specific vision so that international demands of company can be fulfilled desirably.
On the job training: Nestle offers on job training to their workforce so that whileperforming work, productivity of employees can improve. This will allow the company toenhance their profit ratio along with achievement of organisational goals in a timelymanner. Off the job training: This kind of training is given to employees outside the workplace.Off job training is less expensive and helps in saving costs. This is an effective methodthat can be used by Nestle to train their employees. For ex, manager of company can takenew workforce for industrial visits or seminars of other companies. This will helps inenhancing skills and ability of employees to perform work so that company can attaintheir desired objectives (Crane and Matten, 2016).
LITERATURE REVIEWRecruitmentAccording to chand, S., 2019, Recruitment is described as a positive procedure of findingdeserving and prospective employees which are capable to perform well in difficult situations. Itis a linkage activity which brings together job seekers with job. This process will benefitsbusiness firms like Nestle in increasing their productivity and reputation. It involves thescreening, identifying and short-listing potential man power to fill vacant position in businessfirm. SelectionSelection is the procedure of choosing right person so that organisational work andactivities can be performed within greater efficiency. As per the opinion of Ingram, D., 2019,selection is a part of recruitment process through which a desired candidate is selected out of alist of candidates. With the help of selection, Nestle can select deserving employees due to whichtheir overall productivity and profit margins will enhance. TrainingAccording to the opinion of Halloran, J., 2019, training is defined as the process oftransferring and receiving required information so that employees can work in a proper manner.This will benefits the company in accomplishing their tasks and activities in an efficient way dueto which high profits and market shares can be earned. By training their employees, nestle canbring their staff members in a position where they will perform their job in a conscientiouslymanner. P2) Project management plan along with its various aspects
Cost Cost is the expenses that coming out when researcher conductingparticular research. There are many expenses occurred by nestlewhen follow a procedure of recruitment and selection because highquality equipment and procedure are used to provide training to theemployees. Researcher has estimated almost £100 while workingon project. The cost of research is very high due to use of manytechniques and methods of data collection like interview,survey,etc. that will help in recruitment and selection of rightcandidates (Dittmar, 2015). Scope Skilled and knowledgeable manpower play a very crucial role inacknowledging organisational growth and scope. It is necessary tohire right person at right place otherwise individual never performhis duties effectively. The scope of research is limited up to Nestlebecause company do not have sufficient time and resources to workon this project in a detailed manner. Time Time is very important part of any research. In recruitment andselection company focuses on right person at right place at righttime. It is estimated that this project will take time of 7 weeks(Glukhov, Ilin and Levina, 2015). If research is not conducted onproper time then it leads to wastage of human, finance and otherresources of the company.
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