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(solved) Managing A Successful Business Project of John Lewis

   

Added on  2020-10-05

36 Pages6710 Words500 Views
Managing A SuccessfulBusiness Project

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TITLE “What are the positive economic, cultural, and ethical impacts of globalisation ondifferent business functions within an organisation”.INTRODUCTIONGlobalisation is termed as the activity of integration among government, people andcompanies. It is used to depict raising economic, political and social interrelation across culturaland political boundaries. Through this, trade between nations is increasing day by day due towhich economy of the country is increasing in terms of GDP at a tremendous scale. John Lewisis an employed owned company in UK. It is dealing in clothing, watches,cosmetics, furniture,food, financial services etc. It was founded by John Spedan Lewis in the year 1929. This reportincludes John Lewis objectives and aims. A project plan has been designed by considering thefactors like, cost, quality, risk, communication , resources etc. Additionally, WBD and GanttChart is used for thewinding upof the assignment on time. However, qualitative andquantitative research is conducted to meet the set aims and objectives on time. This firm is usingvarious tools to examine research work as well as indicate on value of research is done toachieve the objectives and performance (Adzic, 2011). Design project objectives and aim for John Lewis. Globalization is the process by which diverse culture can be bought for everyday contactin the competitive world. It helps in increasing the GDP of the nationat arapidscale. It directlyhelps in growth and development of the economy due to which living standards of thepublic areincreasing day by day. In the cut throat competitive world economical, cultural and ethicalaspects, impacts of globalization are impacting positively in the business functions like,accounting, marketing,human resource etc. due to which positive outcomes can be seen in themarket place. Diverse culture and ethical norms carried out in an organization helps the businessto run smoothly as well as goodwill is raised in the market. Organization functions likeoperating, marketing and HR are also positively affected by globalization as it helps the businessassociates to come up with new innovative idea in the market. Aim: 2

To identity the positive economic, cultural, and ethical impacts ofglobalization ondifferent business functions within an organisation (Brady and Davies, 2014). A study on JohnLewis.Objectives:To understand themeaning of Globalization.To study the optimistic economical, ethical and cultural impact of globalization onbusiness functions like, Accounting, Marketing, Human Resource etc. To identify the relationship between Globalization and business functions of John Lewis.Questions: 1.What is the concept of Globalization?2.What are the positive economical, ethical and cultural impact of globalization on businessfunctions like, Accounting, Marketing, Human Resource etc. ?3.What are the relationship between Globalization and business functions of John Lewis?Project management plan (PMP) taking in consideration time, communication risk, scope, costand quality. PMP is concerned with formal written material which contains all resources used,necessary activities performed, manpower required etc. in implementing of specific project inmore effective and efficient manner in the competitive market place. It directly makes the task ofmanagement easy as it search out important aspects of project management plan by overviewingthe project at the time of implementing it in the market. Here, are various other aspects likescope, time, quality, communication , risk and resources included in formal document which areexplained as follows: Cost: Cost is the backbone of every company, without money or funds it is not possiblefor top level management to take decisions regarding expansion of business across globe(Davies and Hughes, 2014). For smooth functioning of the business it is very necessary to haveenough funds with John Lewis. They can support monetary value either from reserve funds or byinvestors so that insufficiency of funds does not occur in the market. In this case firm needs toprepare budget in which cost incurred and expenses are mentioned in order to get a rough ideahow much actual money is required. Additionally, providing proper training and developmentprograms by investing huge amount on them it indirectly uplift the abilities, skills and3

capabilities to reduces the wastage of cost while carrying out project work. The statementshowing total cost incurred are discussed below: Total Forecasted BudgetParticulars2017-2018 ($)Promotional expense7000Catalogues1800Implementing technology cost17000Training charges8500Advertisement expenses6500Research and Development 25000Total Cost65800Time: Time plays a vital role in accomplishing project on due time. It help in assistingbusiness associates to meet set objectives and competitive advantages by completing all projectactivities within the time frame set by the firm. It is very important for John Lewis to expandtheir business globally so that competitive advantages can be achieved among their rivals in themarket. To identify time required to examine weather business functions like operations,marketing, HR etc. are functioning smoothly or not critical path should be used by theorganization. Due to which employees are motivated and they make more efforts to performallotted roles and responsibilities within time period. Scope: Globalization has created my scope for business to expand and explore theirbusiness. By this business associates are able to work effectively and efficiently to meet the setgoals in the cut throat competitive world (Frankenberger and et. al., 2013). John lewis businessfunctions like, marketing, operations etc. are greatly affected by globalization due to whichproductivity raised and profitability ratio increased . The ethical, cultural are creating positiveimpact on organizational functions due to which business is flourishing international in themarket place. Risk: Risk is involved in every business activity which indirectly hinder top levelmanagement to meet it's pre determined objectives on given time period. Here, risk involveinsufficient human resources, incomplete information , lack of employees support etc. Throughglobalization business functions like marketing, accounting etc. are facing big challenges andrisk in order to meet the emerging needs of the customers. John Lewis is conducting research and4

development activities in order to find out causes of risk in advance. It directly helps company todesign effective strategies in advance to deal with up-coming contingencies so that functions ofbusiness does not get affected and productivity level does not decreases.Resource: Effective resources in John Lewis motivates the organization to face thechallenges emerged due top globalization. Organization having sufficient amount of resourceswhich are, skilled employee, capital, funds etc. boost business associates to work effectivelybusiness functions like, accounting, marketing etc. in proper manner. John lewis should utilizeresources properly by taking help from various departments and handle them respectively (Hegerand Rohrbeck, 2012). Communication: Effective results can be achieved In John Lewis when there is two wayfree flow of communication. By this staff members feels encouraged when there is transparentcommunication regarding organizations objectives so that they can work effectively on to meetthe set goals on time. Globalization is affecting accounting, marketing, Human Resource andoperations functions due to which company is making certain strategies so that productivityincrease at a rapid scale. For this clarity in communication is necessary so that businessfunctions execution can be done accordingly.Critically examine project management plan.BasisAdvantagesDisadvantagesFlexibility If project management plan isused by the organization theneffective productivity can beraised as well as with the helpof qualitative and quantitativeresearch accurate and reliabledata can be gathered. It willdirectly help the firm ingrowth and expansion in themarket. It helps the firm toflexible in nature. If project management plan isnot used properly thenoutcomes will be inflexible innature and market value of thebusiness is reducedaccordingly. The researchapproaches used like,qualitative and quantitativewill not be accurate andfeasible for the researcher. Reliability. If researcher use projectmanagement plan then time,If this is not used properly thenorganization losses reliability5

risk, resources etc. used will becorrect and reliable andauthentic in nature. and incur heavy losses in themarket as well as effectiveemployees turn out ratio raises.Explain Gantt Chart and Work Break down structure.Gantt Chart: Gantt chart is a horizontal bar chart developed as production control tool.It come into existence in the year 1917 by Henry L. Gantt who is a American social scientist andengineer. John Lewis project management is assist by Gantt Chart . Firm uses Gantt chart as aimportant tool as it helps in making suitable planning, tracking and coordinating particular tasksin a project. Gantt chart is well known by visual project presentation in which project activitiesare executed and break down on a chart. It directly encourage employees to perform assignedroles and responsibilities so that desired goals can be achieved. John Lewis is adopting this toolto gain competitive advantages among their rivals in more effective and efficient manner. 6

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