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(Solution) Managing A Successful Business Project

   

Added on  2020-12-26

26 Pages5783 Words320 Views
MANAGING A SUCCESSFULBUSINESS 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 INTRODUCTIONGlobalisation is the process of interaction and integration between people, companies aswell as government bodies worldwide. It is a complete process in which business entities or anyother 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 andlocated in the city of Westminster, London. It is considered as largest broadcaster by the numberof employees. This project is based on establishing the project aim, objectives and time framesbased 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 ofthe 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 bringingdown the sustainability, which has increased the economic strength and opportunities to thebusiness entities. It has brought power & potential in context with economic status as well asfinancial mobility of the company. In context with United Kingdom, globalisation has broughteffective with other nations of Europe, Asia etc. Culture impact: Globalisation has contributed towards culture development by bringingcreative and innovative product & services with motive to contribution towards societyempowerment. 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 ofpolitics and co-adhesive power in an organisation. Ethical impact: In context with Ethics, globalisation has brought positive employeebehaviour who are working in different functions of business and its operation (Bjurko, 2010). Ithas also brought desired ethics, code of conduct and positive working environment in thebusiness entity. Ethical issues are solved on major basis with sustainability towards businesspractices. Also, it has resulted into sincerity, positive behaviour as well as development of anentire organisation.

Background of the research: This background of this research project is completely based on globalisation and itsculture, ethical and economic impact on different business aspects. It has put both positive andnegative impact on different business function of any business organisation. Different businessfunction such as operation, marketing, finance and accounting are majorly effected byglobalisation at the higher level. Globalisation involves business expansion, growth and ensuresthe sustainability through equal contribution of every department and individual. On thesebusiness functions, cultural, ethical and economic impacts of globalisation has deserve itsperformance and contribution towards development as well as goal achievement. As this projectwill be carried on BBC, which is the British leading broadcaster, which is ranked as organisationwith number of employees. Operations: Globalisation helps a company to adopt the recent technologies which arerunning in the global business. Thus, it is beneficial for the company to accomplish better resultseasily. Marketing: Globalisation provide different promotion channels to the company toadvertise their products and services easily. Globalisation is essential and effective for thebusiness to market their goods and services at international level. Human resource: Globalisation has brought development to this business entity byenabling the manpower growth with continuous training practices. Globalisation such as businessexpansion, enabling growth scenario and customer reach has brought business practices of theBBC into the positive manner. In response to this, the project report will reveals about positiveimpacts of the globalisation on entire business functioning of BBC. Accounting: Globalisation helps in attaining the advance mode of accounting whichhelps 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 ofglobalisation on different business within an organisation”. A case study of BBC. Objectives: To understand the concept of globalisationTo 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.

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 productivityof the BBC?Project management plan:Project TitleTo identify positive economic, cultural and ethical impact ofglobalisation on different business within an organisationCompany Name:British broadcasting corporation(BBC)CostCost is the major component of every research project. This is whybecause, it deals with providing funds for conducting the projectactivities such as collecting information from people, hiring capableperson, resource arrangements such as technology, material as well ashuman resource etc. (Edvardsson, 2015). Project manager needs totake care that desired budget should be provided with major task tohire skilled manpower in its team to conduct this project. For thisproject, costing budget of £1500 has been approved with additionalfunds of £100 which will be utilize in case of shortage of money. Thisbudget involves cost incur for hiring manpower, data collection andusage of advance technology for analysis purpose. In addition to this,BBC needs £1300 million for development of their business, which isseparate part. In order to complete all activities of marketing, companyrequire approximately £6500 cost. ScopeThis project will identify opportunities associated with long term goalsaccomplishment of the BBC. As, this leading broadcasting corporationis looking for business development scope such as increasing businessunits, expanding production and hiring more and more manpower. Thiscould 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 bepositive. Scope of globalisation is very large which will assist anorganisation to successfully launch their new product or services atnew place. For identifying needs and requirements of customersrelated to the new product, research is conducted by the investigator.Thus, it shows scope of both globalisation and research is importantfor the growth of an organisation.TimeTime 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 importantvariable to complete any given work even before designed duration(Gebauer, 2016). It is major duty of project manager to calculate timerequired for completion of this research project. In context withresearch, time period of 2 months will be taken, which will starts withdeciding the topic, collection of the data, complete analysis along withfinding suitable results. These 2 months will be divided into two parts:first half for selecting the aims and objectives, preparing the questionare along with managing resources for data collection and second halfwill cover data collection, analysis along with finding suitable result. Apart from this, BBC needs 1 year of minimum time for businessdevelopment. Hence, for this project, time is valuable and of-coursemoney. QualityQuality is more essential and important part of project management. Inthis globalisation is introduce as a project of company and with thehelp of this an enterprise launch new product at fashion week. Thus,quality of product is more significant for the growth of companyinternationally. For success of this project, manager needs to ensurethat every task or work of the research will be conduct in an effectivemanner along with common result purpose. As, this project willsuggest impact of globalisation as well as strategic development scope

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