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Managing a Successful Business Project- Marks and Spencer

   

Added on  2020-10-22

25 Pages5471 Words161 Views
Managing a successfulbusiness project

Table of ContentsINTRODUCTION...........................................................................................................................1P1 Project aims and Objectives...................................................................................................2P2 Project management plan that covers all the key element.....................................................2P3 Work breakdown structure and Gantt Chart with time frame and stages of completion.......4P4 Carry out the small scale research using qualitative and quantitative research methods......6P5 Analyse the research and data using appropriate tools and techniques.................................9P6 Communicate appropriate recommendation as a result of research and data analysis........19P7 Reflection.............................................................................................................................19CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20

INTRODUCTIONGlobalization Is the simple process of interaction and an integration among people andcompanies at worldwide level. Therefore, it is the process by which the business and some otherorganization are developing international influences and to start operating on international scale.The entire report is also based upon the impact of globalization on activities of a company. Inaddition to this, globalization also leads to increase in the transfer of some capital which furtherincludes the expansion of Foreign Direct Investment. Overall, globalization also results inbringing the positivity in a businesses (Tomlinson, 2019). The chosen firm for this report isMarks and Spencer which is one of the best leading brand in UK. For the same reason, reportwill describe the project management plan that consist of many key element such as scope,quality, cost etc. further, the study will recommended different ways through which the quotedfirm will improve its training policies, recruitment and selection procedures. Lastly, using Gibbsmodel, researcher will reflect the values of undertaking the research. Overview of the company: Marks and Spencer is one of the leading multinational brandin UK and it provides better quality of products such as clothes, grocery and furniture atreasonable rates. Currently the company has ore than 950 stores across UK in which 615 onlysell with food products only. The company became the first British Retail company with theprofit of £1 billion in 1998. In addition to this, it also has strong customer base and it has itsglobal presence because of high quality of products with reasonable rates. Rationale: There have been many researches are done on the impact of globalisation onbusiness. This present study is based upon the impact of globalisation on training andrecruitment procedure of HR of the firm and the rational behind this topic is that globalisation isthe vast topic and by researching on this particular topic will help researcher to enhance ownknowledge and research skills as well. Further another reason for choosing this topic such thatresearcher have their own interest to study on the impact of some training and selection methodsupon business performance and this study will help to learn various terms that will further help intheir future. In addition to this, through the report, scholar will also learn some ways throughwhich the business can easily improve their performance and gain high competitive advantagesin market. 1

P1 Project aims and ObjectivesAim: “To identify the impact of Globalization on recruitment, selection and training ofemployees to meet international requirement in UK- A case study on Marks and Spencer”Objectives:To determine the concept of globalization.To analyse the recruitment, selection and training policies of M&S meet interactionalrequirement.To assess the impact of globalization on Recruitment, selection and training policies.To recommend ways to improve training methods in M&S to gain high competitiveadvantages. P2 Project management plan that covers all the key element Project management plan is a formal and approved document that clearly defines howthe project is executed, monitored and controlled. Therefore it may be summary and a detaileddocument which further includes baselines, subsidiary management plans and some otherplanning documents. There are main some key element that are as mentioned below:Scope: the scope of this project is broad such that using best recruitment and trainingselection methods the HR policies of the quoted firm will be easily related to this, thus it helpsthe firm for its smooth functioning and better operational activities as well. Further the projectwill also help to determine the competitive advantages in a market. Cost: It is the overall amount that is spend during project. For this purpose, the totalestimated cost that is required is around £2500.Time: It is the total time taken for the completion of the project and for this study, around2 months are taken.Quality: The quality of project should meet the standard. Such that every item should beitemized and listed and it is the duty of project manager to check the quality of standard and ifnot then develop the strategy to meet the standard i.e. quality assurance and then measure qualityas well (De Brentani and Kleinschmidt, 2015).Communication: An effective communication should be there so that it will help todeliver the project. Therefore, by building best communication plan which will assist to passeach and every necessary details to the stakeholders so that the project will delivered2

successfully. And even at the time of issue arises, it is the duty of project manager to contactother that concern their interest in the project. Risk: There may be chances of risk such that taking fast and decisive action, when thingsare goes wrong at that time, there are increase chances of risk. Thus, the proper way to managerisk to prepare risk register that will help to overcome risk of finance, performance risk and costrisk.Resources: To deliver the effective project, there is a need to have sufficient resources sothat the project is completed successfully. That is why, for this project, human Resource,Financial resources and technological resources are required (Levitt, 2019). 3

P3 Work breakdown structure and Gantt Chart with time frame and stages of completionIllustration 1: Time planWork breakdown Structure Is the method that that breakdown the project into smallercomponents. Therefore, it is the tool that helps to organize the team work into manageablesections as well. 4

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