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Managing A Successful Business Project of John Lewis

   

Added on  2020-10-05

30 Pages5601 Words494 Views
Managing A SuccessfulBusiness Project

Table of ContentsINTRODUCTION ..........................................................................................................................3Background of the Research...................................................................................................4Research Plan.........................................................................................................................5Work breakdown structure for the project..............................................................................8Research methodology and Data collection.........................................................................11Analysis and Interpretation...................................................................................................13Recommendation on findings...............................................................................................22Conclusion of the report ......................................................................................................23REFERENCES..............................................................................................................................24APPENDIX....................................................................................................................................27

Topic- “To evaluate the positive, economic, cultural and ethical impact of globalisation onvarious functions of an organisation”.INTRODUCTIONGlobalisation is a process in which an organisation interacts with various companies,people around the world. Each organisation wants to expand its business at international leveland for this they have to face various challenges during the expansion of business. Due toglobalisation, there is a huge competition in marketplace therefore every organisation need tointroduce their new innovative products. If an organisation wants to expand its business activitiesat global scale then they have to take support from their different departments such as marketing,Human resource, accounting etc. The chosen organisation for this assignment is John lewiswhich is providing its services in clothing sector with headquarters in United Kingdom. Presentassignment will discuss about the aims and objectives of the firm along with a proper projectmanagement plan. Gantt chart and Work Break Down structure will also covered in this report.Various type of research methodologies, data collection, analysis and interpretation will alsodiscussed in the report.Positive impact of Globalisation on the businesses in UK:When an organisation expand its business functions at global level, it creates positiveimpact on economic, cultural and ethical aspects of the business. It is further explained as under:Economic impact- Due to globalisation, the competition is enhanced in the marketplacewhich brings various opportunities such as providing employment, huge tax duties togovernment etc. in a specific nation. It also improves the standard of living of people due towhich, the nation gets economic growth.Cultural impact- A multinational company recruits a large number of staff memberswho are from different culture and speaks different type of languages. With the help of this,company will easily understand the market conditions and provide products to the customers asper the demand of the customers. Due to which, company gets maximum opportunities at thetime of expansion (Sekaran, 2016).Ethical impact – Different nations have different norms, rules and regulations whichhave to be followed by the organisation at the time of expansion. Rules and regulations supportsorganisation in eliminating illegal issues through which organisation can handle their businessactivities in effective manner.

Background of the ResearchJohn lewis is a multinational company which deals in retail sector. Its headquarters inUnited Kingdom. It offers clothing products, home accessories, electric and many more. It hasmore than 38000 employees in all over the world. The company is providing their quality basedproducts to their consumers which is helpful for company in expanding their operations. Thecompany was founded by John Lewis in 1864 at the location of London. In present time,company wants to expand its business activities in other nation for achieving a huge marketshare or building a good brand image in the world. But before expansion they have to analyse thepositive affects of globalisation on their different business functions such as operation, HR,accounting etc. It is more understood by as under:Operations – This department has responsibility to eliminating extra cost which havenegative impact on the growth of business. In addition to this, it can reduces the activities of firmwhich are not necessary for company. BY this, the company can focus on expansion without anyproblems. For this, a proper communication structure is required so that all information will becommunicated in well manner.Marketing- If an organisation wants to expand their business, they have to analyse themarket situations and needs of the customers through which they can provide the products andservices in an effective manner. It can be possible through taking support from the marketingdepartment. Through the help of marketing department, company can determine the preferencesof customer of new country which is necessary for introducing new product based on theirrequirements. Through these products, company can achieve growth and sustainability in thenew market.(Nicholas, 2017).Human resource- During the expansion, an organisation requires maximum efforts fromtheir employees who have knowledge about the market along with skills and strength. It will bepossible through taking support from the HR department because they have responsibilities toprovide training programmes to the employees in order to giving them knowledge about differentculture.Accounting – At the time of expanding business activities, John Lewis have to makevarious transactions which are maintained in the financial accounts of the organisation. Throughthis, organisation will make a proper budget along with income and expenses. It will be done

with the help of finance manager due to which, management of John lewis will measure thefuture outcome of expansion. Aims of the Project: “To evaluate the positive, economic, cultural and ethical impact ofglobalisation on various functions of an organisation”- A case study on John Lewis.Objectives:To understanding the concept of globalisation To examine the positive economic, cultural and ethical impact of globalisation ondifferent business functions of John lewis.To analyse the interrelation between business functions of John lewis and globalisation.Research PlanProject Title“To evaluate the positive, economic, cultural and ethicalimpact of globalisation on various functions of anorganisation”- A case study on John Lewis”.Project PlanCompany Name:John LewisCostCost is an important part which must be analysed by thecompany during the expansion. Every activity which isrelated with the business expansion needs appropriatefunds. It consists various factors such as installation ofmachinery, labour cost, maintenance cost etc. Whereas,researcher have also needs huge funds for carrying outthe research programme (Inauen, 2011). As per theresearcher report, the funds estimated for the researchprogramme is around 40000 pound and Management ofJohn lewis has estimated the funds for expansion isaround 450000 pound.

ScopeThe scope of globalisation is larger because it givepositive outcome to the organisation for future. Forgetting profitable outcomes, Management of John lewishave to follow the rules and regulations of the nationwhere they are expanding their business activitiesbecause it will help them in creating strong brand imageof the organisation at new marketplace. As John lewis isfacing a tough competition from their rivals at themarketplace so the company needs to expand businessactivities in order to earn more revenue. Through this,their rivals will not affect their business functions atlarge scale. On the other hand, Scope for the researchprogramme is very high because through thisprogramme, researcher gets knowledge about new toolsand techniques due to which they will reach at the validconclusion with taking small period of time.TimeTime is an essential element which helps theorganisation in taking competitive advantage in a smallperiod of time. It also assists the management in takingmaximum contribution from their employees throughwhich, they can easily achieve their goals in allotted timeperiod. With the help of time, employees will performtheir duties with full dedication for completing theirassigned task in the given time frame (Wincent, J.,2011). The researcher has estimated 4 weeks forcompleting the research programme. Apart from that, themanagement of John lewis estimates time period forexpansion is 4 months.QualityQuality is an important part through which organisationcan easily gets growth and sustainability in new marketplaces. Therefore, Management of John lewis have toprovide training programmes to their employees due to

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