This project analyzes the positive impacts of globalization on the British Broadcasting Corporation (BBC), covering economic, cultural, and ethical aspects. It includes a project management plan, research methodology, data analysis, and recommendations for BBC's future business development.
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MANAGING A SUCCESSFUL BUSINESS PROJECT
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Project title:“To analyse the positive economic, cultural and ethical impacts of globalisation on different business function within an organisation”. A case study on BBC INTRODUCTION Globalisation is the process of interaction and integration between people, companies as well as government bodies worldwide. It is a complete process in which business entities or any other firm develop a kind of an influential or to start its operation on a global level(Incelli, 2013). This project will be covered on BBC, which is the British public service broadcaster and located in the city of Westminster, London. It is considered as largest broadcaster by the number of employees. This project is based on establishing the project aim, objectives and time frames based scenario. It will also project management plan which includes cost, time, resource, quality, communication or risk.This project will cover small level of research with support of the qualitative and quantitative research methods for this business project aims and objectives. Positive impact of globalisation in context with UK business is as follows: Economic impact:Globalisation includes business expansion, growth and also bringing down the sustainability, which has increased the economic strength and opportunities to the business entities. It has brought power & potential in context with economic status as well as financial mobility of the company. In context with United Kingdom, globalisation has brought effective with other nations of Europe, Asia etc. Culture impact:Globalisation has contributed towards culture development by bringing creativeandinnovativeproduct&serviceswithmotivetocontributiontowardssociety empowerment. It has brought interest of an individual for development of society and its welfare. Also, it has put focus on welfare of each and every individual person. It has removed threats of politics and co-adhesive power in an organisation. Ethical impact:In context with Ethics, globalisation has brought positive employee behaviour who are working in different functions of business and its operation (Bjurko, 2010). It has also brought desired ethics, code of conduct and positive working environment in the business entity. Ethical issues are solved on major basis with sustainability towards business practices. Also, it has resulted into sincerity, positive behaviour as well as development of an entire organisation.
Background of the research: This background of this research project is completely based on globalisation and its culture, ethical and economic impact on different business aspects.It has put both positive and negative impact on different business function of any business organisation. Different business functionsuchasoperation,marketing,financeandaccountingaremajorlyeffectedby globalisation at the higher level. Globalisation involves business expansion, growth and ensures the sustainability through equal contribution of every department and individual. On these business functions, cultural, ethical and economic impacts of globalisation has deserve its performance and contribution towards development as well as goal achievement. As this project will be carried on BBC, which is the British leading broadcaster, which is ranked as organisation with number of employees. Operations: Globalisation helps a company to adopt the recent technologies which are running in the global business. Thus, it is beneficial for the company to accomplish better results easily. Marketing: Globalisation provide different promotion channelsto the company to advertise their products and services easily. Globalisation is essential and effective for the business to market their goods and services at international level. Human resource:Globalisation has brought development to this business entity by enabling the manpower growth with continuous training practices. Globalisation such as business expansion, enabling growth scenario and customer reach has brought business practices of the BBC into the positive manner. In response to this, the project report will reveals about positive impacts of the globalisation on entire business functioning of BBC. Accounting: Globalisation helps in attaining the advance mode of accounting which helps the BBC to maintain their budget in accurate and smooth manner. Aim of the project: The main of this project is“To identify positive economic, cultural and ethical impact of globalisation on different business within an organisation”. A case study of BBC. Objectives: To understand the concept of globalisation To examine positive impact of globalisation on the business function of BBCTo analyse the relevancy of impacts on profitability as well as productivity of the BBC.
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Research question: What do you understand with concept of globalisation? What are the positive impacts of globalisation on different business function of the BBC? What are the relevancy of impact of globalisation on profitability as well as productivity of the BBC? Project management plan: Project TitleToidentifypositiveeconomic,culturalandethicalimpactof globalisation on different business within an organisation Company Name:British broadcasting corporation(BBC) Cost Cost is the major component of every research project. This is why because, it deals with providing funds for conducting the project activities such as collecting information from people, hiring capable person, resource arrangements such as technology, material as well as human resource etc. (Edvardsson, 2015). Project manager needs to take care that desired budget should be provided with major taskto hire skilled manpower in its team to conduct this project. For this project, costing budget of£1500 has been approved with additional funds of £100 which will be utilize in case of shortage of money. This budget involves cost incur for hiring manpower, data collection and usage of advance technology for analysis purpose. In addition to this, BBC needs £1300 million for development of their business, which is separate part. In order to complete all activities of marketing, company require approximately£6500 cost. Scope This project will identify opportunities associated with long term goals accomplishment of the BBC. As, this leading broadcasting corporation is looking for business development scope such as increasing business units, expanding production and hiring more and more manpower. This could be the effect of increasing scenario of the globalisation. Also, this project would suggest regarding the strategies and action
plan for such business development. The outcomes from this project would be positive.Scope of globalisation is very large which will assist an organisation to successfully launch their new product or services at new place. For identifying needs and requirements of customers related to the new product, research is conducted by the investigator. Thus, it shows scope of both globalisation and research is important for the growth of an organisation. Time Time is an essential input for every project work. Along with this, managing the time is critical task, as it relates with human self efforts. For every project, whether research or assessment, time is an important variable to complete any given work even before designed duration (Gebauer, 2016). It is major duty of project manager to calculate time required for completion of this research project. In context with research, time period of 2 months will be taken, which will starts with deciding the topic, collection of the data, complete analysis along with finding suitable results. These 2 months will be divided into two parts: first half for selecting the aims and objectives, preparing the question are along with managing resources for data collection and second half will cover data collection, analysis along with finding suitable result. Apart from this, BBC needs 1 year of minimum time for business development. Hence, for this project, time is valuable and of-course money. Quality Quality is more essential and important part of project management. In this globalisation is introduce as a project of company and with the help of this an enterprise launch new product at fashion week. Thus, quality of product is more significant for the growth of company internationally. For success of this project, manager needs to ensure that every task or work of the research will be conduct in an effective manner along with common result purpose. As, this project will
suggest impact of globalisation as well as strategic development scope for BBC business sustainability, quality measurement is important to ascertainthepositiveresults.Projectmanagerwillusevarious statistical tools such as SPSS, pilot testing etc., to check the validity and feasibility of the information generated through collection and analysisdone.SPSSisthestatisticaltool,whichisrequiredto ascertain suitable results out of the data collected from the respondents and use of techniques in SPSS to arrive at the valid conclusion. Communication Communication is necessary for implementation of the project in an effective manner. It is desirable to build productive relationswith team member of this project team. It would be effective, if there will not any barrier in the process of one to one interaction. For this business project, communication will be useful in case ofdata collection fromthe respondents,alsocontactingwithotherteam members, co-ordinating them along with getting strategic results for the BBC.Project manager should built interaction with their top senior in getting their guidance for carry-out this project for effective and productive outcomes in the project. For this project, both oral and written communication will be used to carry out this project.There are different communication tools used by the company in order to launch new product at global level. For this they used, social media, mobile application etc. Risk For every business project, it is necessary to ascertain the risk to control it in early period of time. Here, in this project, there are several risks which are identified such as shortage of manpower, lack of effective resources, unskilled workforce, degraded tools or techniques such as statistical tools etc. Apart from this, failure of this research project is one of the critical risk, which is identified all complete analysis of what actual are available with organisation, skills gap and
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various old inputs. Project manager is required to do brief analysis of risk assessment in the early stage and so necessary arrangements of resources before starting of the project work. BBC has identified that they have lack of adequate funds for future business development of its business. Resources For success of this research project, this would be significant for project manager to develop or arrange resources such as effective technology,skilledworkers,adequatefunds,communication, strategies as major resource. Project manager needs to confirmed the sources of inputs generated with the purpose to generate an effective results and accomplishments. Also, project manager needs to do the continuous evaluation of their resources to know its suitability and feasibility for the longer period of time. Type of Research Primaryand Secondary When doing analysis of data collected, it is required to identify type of research it is. In this project, descriptive research will be used, because it deals with quality than the quantity. Descriptive research is basically a type of design to draw the valid conclusionof this research project. Apartfromthis,researchprojectwillalsocoverdesignthe investigation process, data analysis and more. Primary data collection is considered as most important method of data collection, which basically deals with exact numbers and quantity of information/data. This method is used to draw valid conclusion & results. Primary data is generally collected throughwell-structured questionnaire, which is basically used to collect surveys, interviews, where questions are required to be ask from respondents understanding and recording their point of view. This data collection method carries actual numbers of information/data collected through books, journals, magazines etc. On the other hand, secondary data collection is the
Quality and Quantity method of data collection, which basically deals with collecting or arranging data through sources other than primary such as books, journals, magazine, internet, newspaper etc. Actually, this type of data is more real in nature than primary data. In comparison with primary data, it is more real in nature than primary data collection. In this business project, primary data collection will be used to collect huge amount of data from respondents as well as secondary data will be helpful in finding the valid results from this business project work. In this business project, major focus will be given to quantitative research over qualitative research. In the quantitative research, major focus will be given to collection of data through well-structured questionnaire to get the respondents attention over the topic. Work Breakdown structure: Work breakdown structure is a comprehensive structure in which project manager of the project which helps in dividing complex work in small parts or units, so that a project can be done in a given period of time.It would helps project manager for execution of the given project in the effective manner.The mini units or parts are basically given to the team members, so that they will ends their workwith efficiency and productivity. Through this descriptive structure, the managers can also estimate the cost of project and execute it as per the goals and objectives. WBS has been divided into four different stages namely: initiation, planning, execution along with an evaluation stage.
Gantt chart This complete chart is a major graphical type of a representation of every activities or any defined work, with a support of the project manager could easily estimate the time, phases or track the activities for completing the project in the given time period. The work are categorised in accordance with an individual priorities as per given in the chart. It helps the project person for getting of the trackingperformance level for the team members for conducting this group project so that, they can provide training to least performer. Along with taking support of Gantt chart, the team mates should provide their higher contribution on the given task which will helpful for the firm in getting competitive advantage at marketplace. In this project, Gantt chart has been divided into elements or events on which funds will be made available to the them. Along with this, this chart will show the contribution of each and every task for completion of this project. This will cover the each and every time scale for this project along with reaching to the valid & suitable conclusion. Lastly, this Gantt chart will provide the strategic formulation of an entire project work. Gantt chart includes entire activities of research such as problem identification, selection of topic, developing aims and objectives, creating literature reviews, developing methodology,
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analysing data and concluding findings. Thus all these are important stage which help an investigator to complete all activities in given time duration.
Research methodology and data collection: Research methodology is a descriptive method, which actually deals with deciding most suitable technique for conducting any project work. This basically involves a major data collection along with tricks & techniques required for collecting most suitable data. It is the specific procedure or techniques used to identify, select, process and analyse information about the topic.In particular research project, methodology sections allows the reader to led critically do evaluation of a study's overall validity & reliability. Data collection:There are two different types of data collection:Primary and secondary methods. In this business project, major focus will be given to primary source of data collection, which involves the data collection through well-structured questionnaire. Sample size:The sample size for this business project will be 10 respondents. Questionnaire Name: Age: Gender: Q1) Are you aware with an entire concept of globalisation? a) Yes b) No Q2) Is it suitable for BBC to adopt the concept of globalisation? a) Yes b) No Q3) Do globalisation will contribute BBC in enhancing its operational activities? a) Yes b) No Q4) What would be the major advantage of globalisation for BBC as the corporation? a) Increase profitability b) Establishing higher market growth c) Gaining competitive advantage Q5) Do globalisation will affect the policies & procedure of an entire BBC? a) Yes b) No
Q6) What are the positive impacts of globalisation on the business functioning of the BBC? a) Effective brand image b) Increased profitability c) Optimum utilization of resources Q7) On what extent impact of globalisation is relevant for productivity as well as profitability of the BBC? a) Higher b) Medium c) Lower Q8) Is it suitable for BBC in the current time to develop their business such as production units, engaging more human resource etc. a) Yes b) No Q9) Any recommendations …...................................................................................................................................................... ....................................................................................................................................................... Analysis & Interpretation: Theme 1 Q1) Are you aware with an entire concept of globalisation?Frequency a) Yes7 b) No3
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Interpretation:As per above graph, it can be analysed that 7 respondent are aware about globalisation and they havenecessary information regarding this. According to the data, remaining 3 respondent do not have any concept regarding globalisation. In the lights of above graph it can be concluded that among total number of respondent majority have the knowledge regarding globalisation. Theme 2 Q2) Is it suitable for BBC to adopt the concept of globalisation?Frequency a) Yes5 b) No5 a) Yesb) No 0 1 2 3 4 5 6 7 8 7 3Column B
Interpretation:From the above graph, it is clear that respondent are not clear regarding this concept if BBC adopt this. Result shows that 5 respondents are in favour and rest of them do not support this concept. As there are advantages and disadvantages too respondents are not sure which option is suitable for them. Theme 3 Q3) Do globalisation will contribute BBC in enhancing its operational activities? Frequency a) Yesb) No 0 1 2 3 4 5 6 55 Frequency
a) Yes6 b) No4 Interpretation:From the above bar graph, it can be said that 6 respondent are in favour where as remaining 4 are against them. So, it is clear that globalisation will contribute BBC in context of operational activities. Theme 4 Q4) What would be the major advantage of globalisation for BBC?frequency a) Increase profitability4 b) Establishing higher market growth4 c) Gaining competitive advantage2 a) Yesb) No 0 1 2 3 4 5 6 76 4 Frequency 0 4442 frequency
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Interpretation:From the above graph, it has been interpreted that according to 4 respondents, globalisation will assist in increasing profitability by different functional activities. According to 4 respondent, establishing higher market growth by providing proper facilities as required by the customer will play the vital role where as remaining 2 thinks that gaining competitive advantage in current market will help the most. Theme 5 Q5) Do globalisation will affect the policies & procedure of an entire BBC?Frequency a) Yes8 b) No2 Interpretation:From the above diagram of graph, it can be concluded that BBC will be affected from the policies and procedure of globalisation as result shows that 8 respondents are in favour and 2 respondent thinks that it will not affect the policies and procedure. Theme 6 a) Yesb) No 0 1 2 3 4 5 6 7 8 9 8 2 Frequency
Q6) What are the positive impacts of globalisation on the business functioning of the BBC? Frequency a) Effective brand image5 b) Increased profitability4 c) Optimum utilization of resources1 Interpretation:From the above graph, 5 respondent have the guts that effective brand image will be the positive impact of globalisation. Out of total respondents 4 of them thinks that increasing profitability will play the vital role in globalisation where as remaining 1 thinks that proper utilisation of resources will play the key role. Theme 7 Q7) On what extent impact of globalisation is relevant for productivity as well as profitability of the BBC? Frequency a) Higher4 b) Medium3 c) Lower3 a) Effective brand image b) Increased profitability c) Optimum utilization of resources 0 1 2 3 4 5 6 5 4 1 Frequency
Interpretation:From the above graph, it reveals that 4 respondents are confirmed that impact of globalisation is higher for productivity as well as profitability of the BBC , next 3 respondents are confirmed on medium basis and rest 3 respondents are confirmed on lower basis. Theme 8 Q8) Is it suitable for BBC in the current time to develop their business such as production units, engaging more human resource etc. Frequency a) Yes6 b) No4 a) Higher b) Medium c) Lower 0 0.5 1 1.5 2 2.5 3 3.5 4 4.54 33 Frequency
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Interpretation:From the above graph, it has been interpreted that 6 respondents are agree d with development of the BBC business such as production units, engaging more human resource etc., and rest 4 respondents are dis-agreed with development opportunities of the BBC. Recommendation on findings: From the above research, it has been evaluated that globalisation has put both positive as well as negative impact on different function of the BBC. Some of the recommendation over findings is as follows: BBC should make strategic action plan to enhance their production operational aspects, because they are actually lacking in that state of matter. There actual efficiency is not up- to-the mark. In broadcasting functioning, BBC should use advanced technology to provide effective broadcasting to their customer at an effective pricing. The cultural as well as ethics of BBC should be positive and appropriate. BBC should make their policies & procedure more effective and inductive to enhance the work accountability more proper and related towards the goals accomplishment of the BBC.BBC should also make their cultural & ethical concern more appropriate & advance with effective employee engagement & involvements. a) Yesb) No 0 1 2 3 4 5 6 7 6 4 Frequency
Reflectional analysis: When I was doing research, I have majorly gone through various ups & downs, which has created several problems while collecting data/ information in an effective manner.Also, the major issues I faced was lack of time, because, research project is in detailed structure, which requires at least 20 days more from current stated one. Time durations of 2 months was inadequate. Another issues are the major lack of funds, as this type of research majorly consists of high usage of resources with advance technology usage.Funds was limited because, BBC has generated limited budget to us as per their actual capacity. Also, I had faced issues while interacting to various different nature respondents, this is because of my weak communication skills along with lack of knowledge and accurate information required for conducting research was inadequate and insufficient. Lastly, this project makes me realize that I need to work on my actual and potential skills and talents to make further projects“A big success”.
CONCLUSION From the above report, it is concluded that globalisation has built structure of every entity in most positive and effective ways or manner. Globalisation has contributed to several business firm in most positive and negative manner both. It has brought up the business expectancy for various and different organisation at one point of time. Project management plan is the most effective and productive structure to ascertain the cost, time, resources, quality, communication for the desired project. Lastly, research methodology has been resulted into the deciding the actual measure to conduct to conduct the surveys for the purpose of data collection through well- structured and build questionnaire as well as observation. During the project various problems has been found such as lack of appropriate knowledge and information while conducting this projects. Lack of communication and interpersonal was also one of the major issues, while interacting with respondents on the larger basis. Even, problems related to non-using of the statistical tools has been found such as pilot testing and SPSS tool to arrive at the valid conclusion of this research project. Lack of major skills and potential was some of an issues which needs to be overcome. For better conducting of respondents survey, training has been given to every person, who were assigned the task to do so. As well as, training over taking separate has been generated. Different types of respondents has been faced with critical or good behaviour or nature. It was found that manpower hired was suffering with an issues of lack of desired skills & knowledge to conduct survey to arrive at the valid conclusions.
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REFERENCES Books & Journals Gebauer, H., Edvardsson, B. and Bjurko, M., 2010. The impact of service orientation in corporate culture on business performance in manufacturing companies.Journal of Service Management.21(2). pp.237-259. Incelli, E., 2013. Managing discourse in intercultural business email interactions: a case study of a British and Italian business transaction.Journal of Multilingual and Multicultural Development.34(6). pp.515-532. Jones, G. and Lubinski, C., 2012. Managing Political Risk in Global Business: Beiersdorf 1914– 1990.Enterprise & Society.13(1). pp.85-119. Kankaanranta,A.andPlanken,B.,2010.BELFcompetenceasbusinessknowledgeof internationallyoperatingbusinessprofessionals.TheJournalofBusiness Communication (1973).47(4). pp.380-407. Lai, J.Y. and Ong, C.S., 2010. Assessing and managing employees for embracing change: A multiple-item scale to measure employee readiness for e-business.Technovation.30(1). pp.76-85. Lin, A. and Chen, N.C., 2012. Cloud computing as an innovation: Percepetion, attitude, and adoption.International Journal of Information Management.32(6). pp.533-540. Shang, S.S., 2012. Dual strategy for managing user resistance with business integration systems. Behaviour & Information Technology.31(9). pp.909-925. Smith, A.D., 2011. Successfully managing manufacturing supplier integration and procurement issues: case studies in recessionary environments.International Journal of Procurement Management.4(2). pp.121-138. Smith, W.K., Binns, A. and Tushman, M. L., 2010. Complex business models: Managing strategic paradoxes simultaneously.Long range planning.43(2). pp.448-461. Online Introducing Research Methods. 2017.[Online]. Available through :<https://www.skillsyouneed.com/learn/research-methods.html>.
Performance Review and Self-Assessment Learner Name Project Title“To analyse the positive economic, cultural and ethical impacts of globalisation on different business function within an organisation”. A case study on BBC Important stagesAim of the project, project management plan, researchmethodology,workbreakdown structure, Gantt chart and analysis. Key factors you learned from the projectCritical analysis, self-reflection, knowledge ove the factors where I am lacking. What skills did you developFromtheaboveproject,Idevelopedskills regardinginteractionskillswithdifferent peoples, people management etc. Discuss the project management skill you developed Budgetascertainment,resourceallocation, time management etc. Project Did the project achieve its aim: Ye s Was the Team efficient:
Team was well-managed and developed with correct efficiency Did the project succeed: Yes, this project has succeed its aim. Project Log Book Project Logbook Name: Project title:“To analyse the positive economic, cultural and ethical impacts of globalisation on different business function within an organisation”. A case study on BBC Date: Update on weekly research/tasks achieved Points to consider: What have you completed?Project work on globalisation impact on business functions Did you fulfil task requirements?Yes Are you on track and within deadlines set?Yes Did you need to make any changes to your project management plan? Involvement of manpower as separate section for discussion basis. Any risks and/or issues identified? Points to consider: Did you identify risks/issues with a lack of skills required for undertaking research/tasks? Yes, I found issues related to ineffective people management. Did you identify any additional risks/issues that have an impact on the project management
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plan? Problems encountered Points to consider: Whatbarriers did you face? Lackoftime management alongwith improperresource allocation. Howdidyou overcome them? New ideas and change of project direction Project should also involves the secondary research to reach at to the desired results What have I learnt about myself this week? Points to consider: How did I feel when I had to deal with tasks/problems? Did I find it useful to complete the tasks? How well have I performed? What did I contribute? What can I improve on next week? How might this learning apply in the future? Tasks planned for next week Points to consider: Which tasks are priority?Analysis & interpretation Have you set aside sufficient time for completion?Yes