(solved) Managing a Successful Business Project - PDF
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Added on 2020-11-12
(solved) Managing a Successful Business Project - PDF
Added on 2020-11-12
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MANAGING ASUCCESSFULBUSINESS PROJECT
Table of ContentsINTRODUCTION...........................................................................................................................3TASK1.............................................................................................................................................3P1. Project aims and objectives of the Nestle. .......................................................................3P2. Project management plan.................................................................................................4P3. Work break down structure and Gantt chart....................................................................6TASK2.............................................................................................................................................9P4. Qualitative and quantitative research methods.................................................................9TASK4...........................................................................................................................................11P5. Analyse research and data by using appropriate tools...................................................11P6. Communicate recommendations....................................................................................19TASK5...........................................................................................................................................20P7. Reflect on the value of undertaking the research...........................................................20CONCLUSION..............................................................................................................................20REFRENCE...................................................................................................................................22APPENDIX ...................................................................................................................................23
INTRODUCTIONGlobalisation is a broad term which determines the growing independence of the world'seconomies, cultures and population. It is the integration of markets in the global economy.(Barringer, 2015). Organisation undertaken in this report is Nestle which was founded in 1866and deals in food processing industry which serves products like baby food, coffee, dairy,confectionery, etc. This report will devise the project aims and objectives for the selected topic.It will produce a project management plan which will cover the various essential elementsrequired for the project. This will also develop a work break down structure and Gantt charts.The small-scale research will be conducted which will demonstrate the various research methodsfor accomplishing project aims and objectives. This will also communicate various findings andrecommendation. And last part will review the own learning and performances.TASK1P1. Project aims and objectives of the Nestle. TITLE :To examine the methods used by multinational companies for improving the recruitment,selection and training for their employees to accomplish international objectives. A case study onNestle. INTRODUCTION :Globalisation is the process used by businesses and organisations to develop internationalinfluence of technological advancement on the international scale. It is one of the mostfrequently used terms in the business environment. The main motive of this is to secure socio-economic integration and development of all the people of the world through a free flow ofgoods, services, information, knowledge and manpower resources (Burns, 2016). It is aimed atsecuring the benefits of free trade, open access to the market and equal engagement of people insecuring the sustainable development of all the people. (Coker, 2014).Aim : To examine the methods used by multinational companies for improving the recruitment,selection and training for their employees to accomplish international objectives. A case study onNestle.Objectives:To understand the concept of globalisation.
To study the impact of globalisation on recruitment, training and selection methods ofNestle.To analyse the mode of selection methods must be use in multinational companies likeNestleResearch Questions :What is the concept of globalisation?What is the impact of globalisation on recruitment, training and selection methods inNestle?What mode of selection methods must be use in multinational companies like Nestle? LITERATURE REVIEW It is a type of scholarly paper which will help an investigator to collect in-depth andaccurate information about the topic. In this section, each questions and objectives of researchare address which are determine as under: Concept of globalisationAccording to the Rangarajan, 2019, globalisation is the process of deeper integrationbetween countries and regions of the world which involves greater trade across borders in goodsand services. Apart from this, the process of globalisation involves the elimination of fiscalbarriers and limitations on the movement of capital, goods, commodities and human resources. As per the point of view of John Williamson, 2019, globalization is manifested in thesuccess and growth of globe trade as a proportion of output. Globalisation is a biggest conceptthat effect on business operations and activities in direct manner by increasing job opportunityfor employee and increasing sales of an organisation within given time duration. Impact of globalisation on recruitment, training and selection methods of Nestle.According to the Sue-Lynn Carty, 2017, Human resource management of Nestle is anintegral part of their success and growth. HRM is a management function that supports anadministrator to plan the required manpower, hire, select, train, encourage, engage and developworkers for the Organisation. Globalisation makes for a larger pool of Labor from which toselect, but it also maximise the chances of culture and language barriers in the hiring orrecruitment process. Human resource manager of Nestle must adapt to the various cultures andcustoms when recruiting workers in various nations. Language issues also may require hiring
bilingual workers and adapting worker documents, such as training materials and employeemanuals, into different languages.According to the kashafchaudhry, 2019, Globalization has essential in the process ofhuman resources at business. The complexities of globalization have provoked in the area ofHuman Resources to look and define innovative strategies for the multi-cultural ability that canchallenges them. The mode of selection methods must be use in multinational companies like NestleAccording to Smriti Chand, 2019, Selection is the process through which a candidate isselected for the organisations by evaluating the different skills and capabilities of the individuals.It is quiet length process for multinational companies like Nestle where the candidate is selectedby taking various things into consideration. The process involves the large number of steps likepreliminary interview, receiving applications, screening of applications, employment test,interview, reference checking, medical examination, final selection. This is the mode which isopted by multinational companies in order to hire a perspective candidate. This is the processwhich is very helpful in eradicating the biasing of the candidates. Apart from this, it is usefulapproach through which the capabilities, knowledge, skills, experience, etc. can be compared. P2. Project management plan.A project management plan is a formal and authorized written document which definescontent relating to the project execution, monitoring and controlling. The intention of suchdocuments is to provide an encompassing standard of what must be accomplished and how toattain the goals and objectives. This plan is designed by the project manager which describes theeach stage involved in the project execution from initial stage to the final stage of accomplishingthe business and project goals (Euchner and Ganguly, 2014). These plans are very important forthe success of Nestle and for this, the company devises various strategies which includes manycomponents and essential elements without which the success cannot be attain. The following arethe basic and essential elements which will be needed by the Nestle and they are discussedbelow:Cost : It is the estimated cost which will be required by the project manager of Nestle inaccomplishing the objectives of the business. This is a very important factor in everyproject plan because no plan can be executed without the adequate funds. So, it is thetotal estimated cost which will be required from initial stage till closing stage of the
project plan. These costs can be like opportunity cost, sunk, fixed or variable, etc.Therefore, the total estimated cost for the company in implementing the project plans willbe £5000. And researcher will require cost to meet daily expenses like internet facility,travelling, stationary, etc. which will be estimated at £500.Scope : It determines and defines the scope of the project which helps in setting thefoundation for understanding among the decision maker. It allows project managers toallocate the right amount of work which is necessary to successfully accomplish aproject. This is a set of detailed set of deliverables which are derived from projectrequirements. Time : It is the schedule which have beginning and end and required to completed withinthe specified time frame (Frow and et. al., 2015). The time required by the Nestle toimprove recruitment, selection and training methods in the international companies willbe 12 weeks. While the time required by the researcher to successfully accomplish theresearch will be 8 weeks. Quality : When project is implemented then it always borne the factor of qualitystandards in it. It focuses on taking all the information available at the beginning of theproject and figures out the quality measurements and prevents defects. The project mustaccomplish the basic criteria of meeting performances, reliability, serviceability, etc.Through this, the company will be able to satisfy the needs and requirements of thepeople. While, researcher will be required to provide reliable, authentic, ethical andrelevant information which will be useful in deciding the future course of actions.Communication : It is the process which helps in exchange and transfer of information,thoughts, ideas, skills and knowledges among people working in Nestle (Gerasymenko,Clercq and Sapienza, 2015). This is a very effective tool in successfully implementingbecause it helps in proper communication which makes people clear with the work whichis required to be performed by them. For this, company will need to organise meetings,presentations , etc. while researcher will need telephone, video calls, internet facilities,etc. so that effective communication can be done.Risk : It is the unanticipated happening which can affect the business organisationadversely. It is concerned with uncertainty of the events which are sometimes difficult tocontrol (La Rocca and Snehota, 2014). These risks can be of different types for Nestle
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