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(solved) Managing A Successful Business Project

Added on - 23 Nov 2020

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Managing A SuccessfulBusiness Project
Table of ContentsTOPIC..............................................................................................................................................4INTRODUCTION...........................................................................................................................4LO 1.................................................................................................................................................4Aims & Objectives.................................................................................................................4Background of the Research...................................................................................................5Rationale.................................................................................................................................6Significance of Research........................................................................................................6Project Management Plan................................................................................................................6LO 2.................................................................................................................................................9Research Methodologies..................................................................................................................9Introduction............................................................................................................................9Research Type........................................................................................................................9Research approach................................................................................................................10Research Design...................................................................................................................10Sampling..............................................................................................................................11Data Collection.....................................................................................................................11Data Analysis........................................................................................................................11Ethical Consideration...........................................................................................................12FINDINGS AND DISCUSSION...................................................................................................12LO 3...............................................................................................................................................20RECOMMENDATION.................................................................................................................20LO 4...............................................................................................................................................21REFLECTION...............................................................................................................................21CONCLUSION..............................................................................................................................22REFERENCES..............................................................................................................................23APPENDIX....................................................................................................................................25
TOPICTo investigate the social, economical and environmental impact of a multinationalcompany on UK. - ''A study on Tesco.''INTRODUCTIONGlobalisation refers to the process through which companies successfully develop theirinternational influence. Business organisation start operating on international scale throughglobalising its business activities and operations. Different countries come together in oneeconomy and makes the international trade easier(Quinlan and et.al., 2019). Companies enterinto international trade in order to have access for increasing the customers and market share aswell. The companies trading on international economy may lead to face both benefits andchallenges. The technological advancement and up-gradation allows easy access to businessorganization to operate in international markets. Developments in transportation, ICT andcommunication helps in accelerating the globalization pace. Retail business organization adoptfor international trade to gain the benefits of increased market share, profitability, productivity,improved brand image etc. Increasing use of internet enables fast communication that can beutilized by different business organization to gain effective advantages of international economy.Economies of scale, competitive advantages and increased inward investment can be achievedthrough globalization. Companies entering into international markets may also face issue andchallenges, such as, issue of cultural differences, language gap, effective advertisements forattracting new and potential customers, finding new distribution methods and also developingeffective relationship with various important aspects and components of new markets(Taherdoost and Keshavarzsaleh, 2018).Tesco is chosen for the present research report, it deals in retail sector. Tesco is a Britishretail multinational organization that deals in general merchandize and groceries. The companyserves in international markets including Malaysia, Thailand, Hungary, Czech Republic, Polandand United Kingdom. This retail company provides employment to approx 460000 people andaround 7000 stores around world-wide.LO 1Aims & ObjectivesAims:
To investigate the social, economical and environmental impact of a multinationalcompany on UK. - ''A study on Tesco.''Objectives:To evaluatethe impacts of Tesco's operations in the UK in 2018.To examine the negative impact on environment due to increasing multinationalcompanies in UK.To provide recommendations for reducing negative impacts due to operations of Tescoon the business environment.Research Questions1.What are the impacts on the social and economic environment due to the businessoperations of Tesco?2.What are the negative impacts of Tesco operations on the business environment?3.What are some recommendations for increasing the benefits and reducing risk ofglobalization on business environment?Background of the ResearchThis research is based on the Tesco company that deals in international and globalmarkets. Operations of Tesco leads to bring various impacts' ion the host country destinations.The business organization operating on global level gets impacted and influenced by variousfactors as well(Kumar, 2019). The business can gain benefits of increased markets share,productivity, demand and sales. There are various factors that may affect the performance ofbusiness such as, business needs to focus on cultural differences, fluctuation in foreign exchangerates or tariff and trade barriers. Environment of a country may get affected due to operations ofbusiness organization. The social, economic, environmental and financial factors of country getsaffected and influenced due to the globalization. Therefore, this present research focus onidentifying the various factors that may lead to bring effects on the business environment.RationaleThis research topic is selected as globalisation is increasing and adopted by everybusiness organisation(Um, 2017). The researcher focuses on identifying the various impacts ofglobalisation on the environment and ways for reducing it. Tesco is big retail supermarket thatmay lead to bring different impacts on the social, economic, financial and environmental factors
of UK. Thus, the topic being chosen will guide business organisation for reducing the negativeimpacts and increasing benefits of globalisation for the host country.Significance of ResearchThe topic chosen is the globalisation and many research studies are conducted on thistopic. This research study can be used by other researcher for conducting further study on thesame topic. Focus of this research study is to move beyond the conceptualizing the termglobalisation(Patton, 2015). This research study will help in identifying the influencing factorssuch as, economy, social and environmental. The research will lead to increase the understandingof the globalisation term and its various benefits and negative impacts. Understandingglobalisation is essential part of learning about the business involvement in social, economicaland environmental aspects of destination country.Project Management PlanWhile conducting a research. It is important to prepare the project management plan asthis helps in effectively executing and controlling the activities of research project. There aredifferent elements and aspects that are included in the research, such as, scope, cost, quality,time, communication and resources. This is a document that guides and directs researcher toeffectively executing the research study(Quinlan and et.al., 2019). Following is given the briefdescription of the different elements of project management plan:Cost:This is considered as the central activity that shows how much funds are requiredfor completing the project. The budget or cost of the project are estimated so that and all theactivities of project are carried out effectively. In order to complete the present research activitiesand reaching to aims and objectives, £5600 is needed. Globalisation is a narrow concept thatrequires studying of various narrow aspects of it for gaining authentic and reliable results.Quality:This element is very important to be considered while carrying out the activitiesof research study. The data gathered by researcher needs to be relevant, authentic and reliable.Quality needs to be maintained by the researcher from start to end of the research study, i.e.while collecting information or interpreting it(Kumar, 2019).Resources:In order to effectively and efficiently complete the research study, variousresources are required. The adequate resources helps in conducting the research study ineffective and systematic manner. Thus, researcher needs to be provided with required resources
in order to maintain the quality and effectiveness of the research. This may include storagedevices, laptop, stationery items or etc.Communication:This element outlines about how project will be communicated withdifferent audiences of project(Appelbaum and et.al., 2017). It is the backbone of the researchstudy and researcher may make use of emails and circulars for having an effectivecommunication. There needs to be effective communication between the various activities andfunctions of business organisation entering in the international markets.Risk:It is very essential for effectively analysing the risk factors, prior to conducting theresearch study. Effectively analysing the risk factors, research may effectively and efficientlyconduct the study research(Creswell and Creswell, 2017). Security issues and theft ofinformation are the risk that needs to be analysed and mitigate for maintaining the effectivenessof the research study. Thus, proper management plan will help researcher to identify the risk andfind ways for mitigate it and conduct effective research study.TaskModeTask NameDurationStartFinishPredecessorsAutoScheduledIdentification of market8 daysMon 03-12-18Wed 12-12-18AutoScheduledSelection of market9 daysThu 13-12-18Tue 25-12-181AutoScheduledConducting market research9 daysWed 26-12-18Mon 07-01-192,1AutoScheduledFormulating of goals andobjectives7 daysWed 26-12-18Thu 03-01-192AutoScheduledIdentification of audience innew market4 daysTue 08-01-19Fri 11-01-193,4AutoScheduledCreating marketing plan6 daysTue 08-01-19Tue 15-01-193AutoScheduledImplementing of marketingplan10 daysWed 16-01-19Tue 29-01-195,6AutoScheduledTesting of product8 daysWed 30-01-19Fri 08-02-197AutoScheduledFinal launch of product inmarket5 daysMon 11-02-19Fri 15-02-198
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