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Managing a Successful Business The Black Penny Assignment

   

Added on  2020-07-22

22 Pages4776 Words30 Views
Professional DevelopmentData Science and Big Data
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Managing a successfulbusiness project
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Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1P1. Aim and objectives of the project.........................................................................................1P2 Project management plan.......................................................................................................2P3 Work Breakdown structure and Gantt chart..........................................................................2PART 2............................................................................................................................................2P4. Qualitative and quantitative research method to conduct small scale research....................2PART 3............................................................................................................................................4P5 Analysis of research by using tools and techniques of research methods. ...........................4P6 Recommendation.................................................................................................................10P7 Reflective.............................................................................................................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13
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INTRODUCTIONManaging successful business operations is the most crucial part for management as itdemands sustainable efforts for which it is important for the organizations in today’s era toimplement corporate social responsibility in enterprise. CSR are the integrated and self-regulatedefforts incorporated in business model to increase efficiency and effectiveness of businessoperations. The report will analyze the aim and objectives determined by The Black Penny, asmall sized restaurant in UK to implement CSR practices in order to measure goals, performanceand engagement of key stakeholders with maintaining sustainability of business operations.Moreover, it will outline the qualitative method used by restaurant to evaluate the employees'response towards project plan. Thus, it will identify the recommendations for entity oneffectiveness of CSR practices, policies and activities for maintaining sustainability of operationsin order to attain competitive advantage. PART 1P1. Aim and objectives of the projectCorporate social responsibility activities within the small enterprise are effective for thebusiness in order to maintain the sustainability of company. CSR concept is an approach whichassists the organization in coordinating with social, economic and environmental benefits inorder to establish stability of business operations. Implementing CSR activities in organisationassists in making efforts to promote social welfare. It is the best way which assists firm inimproving its public image as it focuses on social responsibility. Further, The Black Penny, smallrestaurant of UK will conduct research on making project plan in order to analyse theeffectiveness of implementing CSR in company to maintain sustainability for attainingcompetitive advantage (Why Corporate Social Responsibility is Important 2017). The plan forimplementation demands appropriate and specific aim and objectives for the project in order toevaluate its success and effectiveness along with future growth and development. Aim: “To investigate the importance and effectiveness of incorporating corporate socialresponsibility for maintaining sustainability in order to stand out in competition: a case study onBlack Penny”Research ObjectivesTo determine the nature of corporate social responsibility1
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To determine the importance of CR activities within organisationTo evaluate the relation between competitive advantage and corporate socialresponsibilityTo determine the solution to improve business performance after incorporating CSRpractices.Research QuestionsWhat is the role of CSR practices in Black Penny?How it assists the organization in establishing social welfare?What is the relationship between competitive advantage, sustainability and corporatesocial responsibility?P2 Project management planCost: Black Penny will invest 5 percent of its revenue in implementation of Corporate socialresponsibility.Scope: The company will increase the investment in initiative with the increase in profits by theimplementation of Corporate social responsibility.Time: Black Penny will formulate the policies and plans of organisation every 6 month in orderto maintain the effectiveness of CSR to maintain sustainability of environment and to attaincompetitive advantage.Quality: For evaluating quality of implementation plan the company will make use ofBenchmark and key performance indicator.Communication: To enhance the plan of CSR activities the company will focus on following thehierarchical concept in functional structure. Risk: For managing risk Black penny will formulate risk assessment plan which will assist thefirm in determining the loopholes a different strategy. Every 6 month the organisation willanalyse the changes in plan and will further formulate plan in order to minimize the chance ofuncertainties with implementing Corporate social responsibility. Resources: Expert employees, funds, volunteers and legal advisers.2
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Task ModeTask NameDurationStartFinishPredecessorsAutoScheduledResearch project 4 days?Tue 14/11/17Fri 17/11/17AutoScheduled Preparation 1 day?Tue 14/11/17Tue 14/11/17AutoScheduled Determining topic forresearch 1 dayTue 14/11/17Tue 14/11/17AutoScheduled Developing statementsof problems 1 dayWed15/11/17Wed15/11/173AutoScheduled Analysing time framesto make proper allocationresources 2 daysThu 16/11/17Fri 17/11/174AutoScheduledImplementation 29 daysMon20/11/17Thu 28/12/17AutoScheduled Literature review 10 daysMon20/11/17Fri 01/12/175AutoScheduled Determininginvestigation methods 5 daysMon04/12/17Fri 08/12/177AutoScheduled Computing Cost 4 daysMon11/12/17Thu 14/12/178AutoScheduled Interpretation andanalysis of data 10 daysFri 15/12/17Thu 28/12/179AutoScheduled Assessment ofoutcomes and conclusion 5 daysFri 15/12/17Thu 21/12/179AutoScheduledProject closer 5 daysFri 22/12/17Thu 28/12/17AutoScheduled Summary andrecommendation 2 daysFri 22/12/17Mon25/12/1711AutoSchedule Proper documentationof outcomes 2 daysTue 26/12/17Wed27/12/17133
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dAutoScheduled Submission of report 1 dayThu 28/12/17Thu 28/12/1714P3 Work Breakdown structure and Gantt chart4Illustration 1: Critical path
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