This document provides insights on managing a successful business project. It covers project aims, objectives, project management plan, research methods, data analysis, and recommendations. The case study focuses on John Lewis Partnership and its expansion through globalization.
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Managing a Successful Business Project
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Contents INTRODUCTION.......................................................................................................................................3 RASK 1………………………………………………………………..……………………………………………………………………………………3 P1 Devise project aims and objectives for a chosen scenario..................................................................3 P2 Produce a project management plan that covers aspects of cost, scope, time, quality, communication, risk and resources..........................................................................................................4 P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and stages for completion...............................................................................................................................................6 TASK 2.......................................................................................................................................................8 P4 Carry out small-scale research by applying qualitative and quantitative research methods appropriate for meeting project aims and objectives................................................................................8 TASK 3.......................................................................................................................................................8 P5 Analyze research and data using appropriate tools and techniques.....................................................8 P6 Communicate appropriate recommendations as a result of research and data analysis to draw valid and meaningful conclusions..................................................................................................................19 TASK 4.....................................................................................................................................................19 P7 Reflect on the value of undertaking the research to meet stated objectives and own learning and performance...........................................................................................................................................19 REFRENCES............................................................................................................................................20
INTRODUCTION Globalization indicates about a procedure in which a company can sales or purchase its products or services across their boundary in order to earn profit and enhance customers base. It is essential for an organization to expand its business at international level so that they can earn more and more market shares as well as profitability ratio. Impact of globalization on a firm is in both manner negative and positive way because it help in enhancing growth but it also increase competition in international market. Organization taken for this assignment is John Lewis Partnership, which is founded by John Spedan Lewis in year 1929. Its headquarter is in London, England, United Kingdom and they are operating its business in retain industry by offering variety of products as well as services. Such as clothing, watch, jewellery, giftware, cosmetics, furniture, bed and many more. topics covered in this report are aims and objectives along with project management plan in order to successfully fulfill the same. Along with this, it will mentionconceptofresearchmethodologyandalsoincludeinterpretationsoftheresult. Moreover it will also contain some recommendation which is given to present company which helpsinenhancingitsbusinessmarket. TASK 1 P1 Devise project aims and objectives for a chosen scenario. Aim of the project: “To understand concept of the Globalization and identify its economical impact at workplace”. A case study on John Lewis Partnership. Objectives: Major objectives of respective research are mentioned as below: To understand the importance of globalization. To identify impact of globalization at operations and functions of John Lewis. To monitor economical impact of globalization at workplace. To understand situation and provide recommendation which help respective company in removing as well as avoiding impact of globalization.
P2 Produce a project management plan that covers aspects of cost, scope, time, quality, communication, risk and resources. Project management plan: Project Title“Tounderstandpositiveeffectofglobalizationat economic,cultural,andethicalmanneronvarious business functions within a company”. Project Plan Company Name:John Lewis Partnership. CostCost refers to a factor which is essential to conduct whole operations and functions in effective manner. In respect of John Lewis they required approx20K Euro for operating its activities in proper way. Requirement of cost is based on operations as well as function, which is given below: Initial Investment : 100000 Expenses: Operational Activities:22000 R&D Activities:28000 Cost to IT Experts:16000 Licensing Fee:8000 ScopeIt is essentials for a company to identify its scope that why they are conducting research and what they are try tofindingout.IncontextofJohnLewis,bythis respective report they able to analysis benefits and impact of globalization. Along with this they also able to know how respective organization will can adopt it
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appropriately for increasing profit and customer’s base. TimeIt refers to time duration which a company required for completing a project or research in successful manner so that they can earn benefit of conducting project. In respect of respective they required approx three to four months for expanding its business operations as well as functions at international level. QualityIt refers to quality or products and services which a company going to offer its customers in order to fulfill their need as well as demand appropriately. In respect of respective company they adopt various steps for maintaining quality of products as well as services. Such astrain employeesaccording to requirement, adoptnewtechnologywhichhelpsinoperating business and producing product effectively. Along with this they also upgrade their strategies and plans so that they able to maintain quality of products as well as services properly. CommunicationIt refers to a process in which a company develops various action plans for communicating their staffs as well as customers in proper manner which help them in createawarenessaboutproductsandservices.In respect ofJohn Lewis they create different strategies to communicate with customers and employees. Such as for communicating with customers they adopt various advertising and promotion method like social media, digital media, print media and so on. Whereas for communicating with employees they conduct meeting and discussion sessions.
RiskRisk is associated with each and every activity or project but it is essential for a company to understand it and overcome form this in proper manner so that they can gain profit. In respect ofJohn Lewisthere are various risk are associated with their expansion. Such as how to develop strategies, product, plans, polices and so on which help in operating. Along with this it is also a risk that what to do if new location customers didn’t like respective company products as well as services. ResourcesItreferstothosefactorswhicharerequiredfor completingparticulartaskappropriatelysothat company will attain its goal and objective. In context of John Lewis, the major resources which are required are finance, labour, skilled staffs, machines, trainers and manymore.Theseallresourceshelprespective company in attaining its goal as well as objective properly. P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and stages for completion. For conducting whole duties and activities according to described project management plan, researchers of a company used two main techniques or tool that are Work Breakdown Structure and Gantt Chart. Explanation of which are given below in respect of John Lewis:- Work Break Down Structure It refers to a procedure in which company management divide whole activities into small portions so that staff will accomplish it in proper way.Along with this they also able to determine total expenditure or expenses which is required by a company for completing task or project. In respect of John Lewis, by this procedure, managers of respective company can control
an extra expense that helps in improving effectiveness of the project. Moreover it will also help this company in utilizing its resources and time in order to execute plan as well as strategies of project or research. Gantt chart: It refers to a graphical representation of a process or activities which a company will conduct for attaining their goal. Along with this through Gantt chart Company able to identify appropriate time which they required to conduct work in proper way that leads to attainment of goal as well as objective. According to chart mentioned below, it can be understand that major activities of respective company project plan are divided into various steps such as Discover the research topic, Formulate Aims and objectives, Review the Literature, Conduct Research Methodology, Data Analysis, Result and Recommendation, finally submission the project. So that they require three to four months for completing whole report or research on expanding business at international level for gaining more profit as well as market shares.
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TASK 2 P4 Carry out small-scale research by applying qualitative and quantitative research methods appropriate for meeting project aims and objectives. TASK 3 P5 Analyze research and data using appropriate tools and techniques. For conducting research in appropriate manner a company needs to adopt research method and it can be qualitative or quantitative. By adopting this method an organization able to gain appropriate outcome and attain its goal as well as objective properly. Here for conducting
research John Lewis adopt questionnaire method. Which is consider as a tool that include variety of relevant questions and it is asked with the respondents for evaluating their views on a particular topic or issues. Along with this the respective questionnaire are filed by total 10 respondents so that company able to identify diverse prospective of individuals on respective project topic i.e. related to expansion of John Lewis. Questionnaire which is developed by respective company are mentioned below:- QUESTIONNAIRE NAME: AGE: ADD: GENDER: MAIL ID: Q1) Are you understand the concept of globalisation and its impact on a firm? Yes No Q2) Do you think through globalisation John Lewis has increased its economy? Agree Disagree Q3) Did globalisation impacts positive on functions as well as operations of John Lewis? Yes No Q4) According to you what are major profit gained by John Lewis when they expand its business in international market? Increase sales and revenue Enhance brand value Competitive edge Higher customer's satisfaction Q5) Did globalisation aid John Lewis partnership in order to develop a competitive portfolio at the marketplace? Yes
No Q6) How globalisation will help respective company in developing innovative ideas for business working? Innovation planning Ideas development Process or project management Q7) Through which activities human resources manager of John Lewis support its business in adopting globalisation which leads to enhancement in profitability? Provide training to workers Outsource the employees Team-development Q8) How does through Globalisation John Lewis able to improve its economy? Increase sales performance Easy availability of raw materials Enhance customer base Q9) Which organisation function of respective company get affected when John Lewis adopt the concept of globalisation for expansion of business? Operations Human resources Marketing Production Q10). Give recommendation to John Lewis which helps them in reducing negative impact of globalisation form its functions of business. Analysis and Interpretation Theme 1: Concept of Globalization Q1) Are you understand the concept of globalisation and its impact on a firm? Frequency Yes8
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No2 Interpretation:- Theme 2: Globalization helps in increasing economy of John Lewis Q2)DoyouthinkthroughglobalisationJohnLewishasincreasedits economy? Frequency Agree6 Disagree4
Interpretation:- Theme 3: Positive impact of Globalization on function of John Lewis Q3) Did globalisation impacts positive on functions as well as operations of John Lewis? Frequency Yes7 No3
Interpretation:- Theme 4: Globalization helps in enhancing sales performance Q4) According to you what are major profit gained by John Lewis when they expand its business in international market? Frequency Increase sales and revenue2 Enhance brand value4 Competitive edge2 Higher customer's satisfaction2
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Interpretation:- Theme 5: Globalization leads to keeping the portfolio of John Lewis competitive at marketplace. Q5) Did globalisation aid John Lewis partnership in order to develop a competitive portfolio at the marketplace? Frequency Yes7 No3
Interpretation:- Theme 6: By project management plan, globalization able to adopt by business successfully Q6)Howglobalisationwillhelprespectivecompanyindeveloping innovative ideas for business working? Frequency Innovation planning4 Ideas development4 Process or project management2
Interpretation:- Theme 7: Through Team development company able to move its business at global level successfully Q7) Through which activities human resources manager of John Lewis support its business in adopting globalisation which leads to enhancement in profitability? Frequency Provide training to workers4 Outsource the employees3 Team-development3
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Interpretation:- Theme 8: Globalization helps company in developing its sales performance Q8)HowdoesthroughGlobalisationJohnLewisabletoimproveits economy? Frequency Increase sales performance3 Easy availability of raw materials4 Enhance customer base3
Interpretation:- Theme9: Operation function impact on procedure of globalization of a company Q9) Which organisation function of respective company get affected when John Lewis adopt the concept of globalisation for expansion of business? Frequency Operations3 Human resources2 Marketing2 Production3
Interpretation:- P6 Communicate appropriate recommendations as a result of research and data analysis to draw valid and meaningful conclusions TASK 4 P7 Reflect on the value of undertaking the research to meet stated objectives and own learning and performance
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