Table of Contents Topic of the research is “To create and market brand new summer shoe for competing with other big brands working at global level” ...............................................................................................3 P1 Devise project aims and objectives for the chosen company...........................................3 P2 Produce a project management plan that covers various project aspects.........................4 P3 Produce a work breakdown structure and Gantt chart.....................................................6 P4 Give a small scale research...............................................................................................9 P5 Analyse research data using various techniques............................................................11 P6 Recommendations...........................................................................................................22 P7 Reflection on the completion of project.........................................................................22 RECOMMENDATION.................................................................................................................22 CONCLUSION.............................................................................................................................23 REFERENCES.............................................................................................................................24
Topic of the research is “To create and market brand new summer shoe for competing with other big brandsworking at global level” . P1 Devise project aims and objectives for the chosen company Globalisation is called the free movement of goods, services and people over the boundaries of different countries. This is an important process which is needed for development and growth of the company. As each and every firm ,want to make more money and profit it is important that it should expand it's business in domestic as well as foreign markets.This process is considered in theory of comparative advantage as companies build reputation and value if they move into foreign markets. Globalisation is the integration of various markets in global economy (Boyle, 2017). Different markets which are included in globalisation are commodity market, financial market, insurance market and product market. There are various reasons for increase in globalisation and some of these are increased competition, for increasing sales and customers base, increasing profits and productivity of the company. In the present scenario as a product design manager of a large fashion company it is important to analyse needs and demands of customers before making a new designer shoe. If the designer shoe will be comfortable and good then only people will buy it. When a company is working at global level it is important to have a good and effective image and reputation. This attracts a lot of customers and as a result sales and profit of the companyis increased. This case includescreatingandmarketingabrandnewsummershoesothatcompetitive advantage of the fashion company increases.There is need to do a proper research before introducing this summer shoe in market. This research will lead to proper planning of strategies and further implementation can be done in a more better way. Project definition This project is conducted for analysing the demand and need of customers. The new summer shoe will be designed for customers so that competitive advantage of the fashion company increases. Problem statement The project statement is to create and market brand new strategy for making a new summer shoe that will help in increasing market share and profit of the company. This is a big task for company as before launching anything they need to make
adequate research. This research must be done in depth so that proper outcomes can be drawn. This includes analysing the requirements of designer shoe in market and what are need of customers in a designer shoe (Clinton, and Whisnant, 2019).This fashion designer company has to make such an attractive shoe that big brand retailers want to buy that shoe. The problem with shoe designer is that he is has to make an attractive and comfortable shoe which is appreciated by every one. People will choose this designer summer shoe over other brand shoes. This is not an easy task therefore it is important to do effective market research and analyse consumer behaviour. There are minimum resources with the shoe designer and he has to do the whole research in an effective manner and utilise all resources wisely. Project aim The aim of this project is “to create and market brand new summer shoe for competing with other big brands working at global level”. Project objectives To analyse the concept of globalisation To determine crowdsourcing marketingstrategy and mixed media for marketing shoe.To understand the need of analysing customer need for increasing sales of the organisation Project questions What do you mean by globalisation? Whatdoyouunderstandbycrowdsourcingandmixedmediamarketing strategies? Whatistheneedofanalysingcustomerneedforincreasingsalesofthe organisation? P2 Produce a project management plan that covers various project aspects The project manager has to focus on a systematic procedure for planning and designingframeworktoaccomplishtheprojectworkeffectively.Theproject management plan is a formal document that informs about how project is executed, monitored and controlled (Crane, and Matten, 2016). This includes planning and goals that are made by project manager in completing various tasks and activities of project.
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The main executive of project management has to guide workers and managers to work effective and achieve goals and objectives of the research. In case of fashion designer, it is seen that they have to analyse the need of customer and suggest effective marketing strategy to the organisation. Inorder to achieve this aim first of all project management plan is prepared. First step is to make analyse the marketing strategies that can applied to grab attention of big brand organisations. Various topics like where project has to be implemented, what exactly are the locations to market new designer shoe for summers will be marketed, etc. a summary of work is prepared and in this several external and internal factors that can affect the project activities and tasks. When it comes to present research there are few important components that are mentioned below - Cost:Cost is defined as the amount of money required to complete business project. It is important for organisations to estimate cost required to accomplish various tasks and activities of project. Funds and money is required by project managers to complete project activities (Deresky, 2017).In context of fashion designing company for shoe, the fund required to design and market summer shoes in estimated to be 800 pounds. Scope:It is a important element for the growth of the business.Excluded scope– This includes work which is not included in the project. These are stages of production of shoe and overview of design. Includedscope-Thisincludesunderstandingofmarketopportunityand deliverables. Time:Time is also defined as an important factor for analysing the time period in which project has to be completed. This project will take around 6-7 months. Quality:In case of quality, it is the way by which managers of the company are relaxed that all the business operations and activities are done in an effective manner. Communication:Communication is an important factor that is associated with transfer of data and information from one level to another in a business concern . In this givenresearchcommunicationwithproductiongroupwillhelpinknowingabout effective production of designer shoe. The project manager has to communicate in an
effective manner for instructing all departments to do their work. The designer shoe will be so much attractive that every brand will admire how it is so comfortable and good. Risk:Risk is an important factor required by the company to complete the projecteffectively (Dutta, and Bose, 2015). The major risk in this project is that if there is no proper utilisation of resources then there will be problem in doing different project activities. Also other risks include lack of money and skills of marketing department. Resources:Resources are another factor which is part of successful project. This is defined as therequirement which are required by investigator for accomplishing any project. Success Criteria of project How project can be measured The quality of design will be measured through different stages of project. An evaluation is done at regular intervals so that there will be no error in project. P3 Produce a work breakdown structure and Gantt chart Gantt chart -It is a graphical description of report schedule which states that where to start project and when to finish. In other words it is graphical presentation of charts and bar which is widely used in project management. Henry Gantt, a mechanical engineer designed the Gantt chart. It also usedfor planning project and explanation of order in which work should be completed. Most of the time, chart is portrayed in horizontal bar because it easy to understand by the project mangers and employees working on (Glukhov, Ilin, and Levina, 2015). It also indicate the actual length of project timelines which include duration, task procedure and project completion date. A Gantt chart also manage and control given work and resources which are allocated during project. It provide aid to manager to ensure that project is on track if not so then, manager can communicate with their subordinates to improve the status of initial project.
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Work break down structure -WBS starts with a large project and with the aim break down into smaller and understandable pieces. It will provide ease to the manager to evaluate theproject and assign the task easily and efficiently to respective team rather than to focus on individual action to accomplish the task. Work break down structure, mainly focus on deliverables and accountability of work do to be achieve in given time. It is done to achieve the target andwith given hierarchy which modifies the large junk of project into simpler and smaller parts, which are more manageable. It divides the piece of work into sub parts that even a single person can manage the work. All these work should add up with the total budget and time allotted for the entire tenure. It is important for the managers to complete the task frame because delay in work may cost large amount of cash to the company.
P4 Give a small scale research Research methodology: It is an effective technique sued by analyst to conduct an investigation for finding out best solutions for specific issues (Hillary, ed., 2017). A research methodology is consist to be a systematic framework which include various guidelines, blueprints and data collection tools used for gathering informations from internal as well as external sources. Most of the investigator might use primary and secondary data for carry out an experiments. An investigation could be theoretical or practical analysis for drawing out conclusion of a study. ResearchDesign:A research designis asystematiclayout whichbifurcatedas exploratory and conclusive research design. In exploratory research the investigators uses case study, literature research, survey or polls, interviews, focus group and observations while conducting investigations. In contradictory conclusive research is furtherclassifiedasdescriptiveandcausalinvestigations.Thereafter,descriptive surveys are further divided as cross sectional and longitudinal design. Most of the analyst use casual surveys depending on requirement of case for collecting in depth knowledge about specific problems. Henceforth, drawing out optimal conclusion with an effective summary. QuantitativeResearch:Thequantitativeresearchissaidtobecollecting numerical information that are majorly focused on “how many”, “how much” and “how often” in closed ended question in questionnaire form. Most of the analyst uses ordinal scale or ratio scale for comparing and analysing in numerical responses given by respondent (Huntington, 2018). Some time researcher uses face-to-face interviews and surveys for conducting an investigations. Qualitative Research:The qualitative research aimed at gathering conceptual data which majorly focuses on “what”, “when”, “why”, “where” and “who” in open ended questions frames in questionnaire. The analyst uses likert scale for observing the behaviour as well as nature of respondent who have filled up the form. The qualitative researchhavemajoremphasisonformingindepthconversationsaboutspecific
queries.Most of investigator uses effective survey techniques on focus groups for drawing conclusions. Inpresentreporttheinvestigatorhaveusedqualitativeandresearchfor collecting fresh information through face-to-face interview from target respondent. Sampling:Itisasystematicproceduresthatareeffectivelyutilisedforanalysis statistical informations on small sample frame from overall populations. There are various sampling methods like simple random sampling, convenience sampling and many more. In present report the analyst have used simple random sampling for collecting raw informations (Julien, 2018). Sample size:The sample size are described as same frame from overall populations. In this study, researcher have chosen 20 respondent from populations. Questionnaire Q1) Is it important for a business organisation to have an effective market strategy? a) Yes b) No Q2) As per your thoughts, which marketing approach is best suitable forfashion designers of shoes? a) Crowdsourcing b) Social media C) Mixed media Q3) Is there a need for analysing demand and needs of customer for making designer shoes? a) Yes b) No Q4) Based on your thinking, how globalisation will help in increasing the sales of the company? a) Increase in number of potential customers b) Enhancement in both productive and profit margins of company
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c) Increase in loyal customers Q5) As per your thoughts, what is the major requirement of a customer in summer shoe? a) Comfortable b) Reliability and durability c) Good performance Q6) By following an effective strategy will fashion designer will gain competitive advantage in market? a) Yes b) No Q7) As per your thoughts, what are various challenges while designing of shoes? a) Identification of different kind of customers b) Finding the best suitable approach Q8) Have you ever used shoes made by fashion designer? a) Yes b) No Q9) According to your opinion, do you think people will like new summer designer shoe? a) May be b) May be not c) Don't have any idea Q10) Any recommendations? P5 Analyse research data using various techniques Q1)Is it important for a business organisation to have an effective market strategy? Frequency a) Yes15 b) No5
Q2)Asperyourthoughts,whichmarketingapproachisbest suitable forfashion designers of shoes? Frequency a) Crowdsourcing12 b) Social media6 c) Mixed media2 Q3)Is there a need for analysing demand and needs of customer for making designer shoes? Frequency a) Yes17 b) No3 Q4)Basedonyourthinking,howglobalisationwillhelpin increasing the sales of the company? Frequency a) Increase in number of potential customers15 b)Enhancement in both productive and profit margins of company4 c) Increase in loyal customers1 Q5) As per your thoughts, what is the major requirement of a customer in summer shoe? Frequency a) Comfortable15 b) Reliability and durability3 c) Good performance2 Q6) By following an effective strategy will fashion designer will gain competitive advantage in market? Frequency a) Yes15 b) No5 Q7)Asperyourthoughts,whatarevariouschallengeswhile designing of shoes? Frequency a) Identification of different kind of customers10
b) Finding the best suitable approach10 Q8) Have you ever used shoes made by fashion designer?Frequency a) Yes11 b) No9 Q9)According to your opinion, do you think people will like new summer designer shoe? Frequency a) May be14 b) May be not3 c) Don't have any idea3
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DATA INTERPRETATION Theme 1: Effective market strategy Q1)Is it important for a business organisation to have an effective market strategy? Frequency a) Yes15 b) No5 Interpretation-Marketing strategy provides a direction along with steps which are implemented by the companies to reach large number of customers in the target market. These strategies should be amended from time to time to keep it effective. As per the graph, 15 out of20said that every business should have effective marketing strategy (Kendrick, 2015). The reason being marketing strategy helps creating a high brand value which can help the organization sustain in the cut-throat competition. Whereas, 5 denied answered negatively because they think that other areas are more important for a business. Theme 2: Marketing approach Q2)Asperyourthoughts,whichmarketingapproachisbest suitable forfashion designers of shoes? Frequency 15 5 a) Yes b) No
a) Crowdsourcing12 b) Social media6 c) Mixed media2 Interpretation-Marketing approach is treated as a method of valuing the appreciated value of an asset, instrument or interest based on the prices whose substitutes are available within an industry. There are number of marketing approaches which have their own advantages and disadvantages. An entity can chose one or more based on the suitability. From the above graph, among 20 respondents. 12 are in favour of crowdsourcing which is efficient because it breaks the whole work into small sets, 6 are in favour of social media which is has gained popularity in last few years (Le Roy, and Fernandez, 2015). It is useful in having interaction with large number of people. Apart from this, 2 have said mixed media. Theme 3: Need for analysis of demand and needs Q3)Is there a need for analysing demand and needs of customer for making designer shoes? Frequency a) Yes17 b) No3 12 6 2 a) Crowdsourcing b) Social media c) Mixed media
Interpretation-Customersarekeystakeholderforalltypesofbusinesses.The products or services sold are produced according to demands and needs of the existing as well as potential buyers. If a corporate continuous to produce products which are not in the demand, then loss will occur in the business. Therefore, graph shows that 17 out of 20 knows the importance of demand of a product (Nicholas, and Steyn, 2017). These are the people who do not buy shoes or any other items if they are not required by them. Rest of the 3 people are against the perception that demands and needs hold significance in carrying a business. Theme 4: Contribution of globalisation Q4)Basedonyourthinking,howglobalisationwillhelpin increasing the sales of the company? Frequency a) Increase in number of potential customers15 17 3 a) Yes b) No
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b)Enhancement in both productive and profit margins of company4 c) Increase in loyal customers1 Interpretation-Globalisation is a concept which is about free movement of goods, idea, person etc. among different nations. It provides opportunities to a business venture to grow beyond the national boundaries. By going globalised, a business can have number of benefits. With this, the graph above represents that 15 respondents agree that number of customers will be increased because the brand recognition in enhanced (Omri, Frikha,and Bouraoui, 2015). 4 believes that productivity and profit, both are increased with diverse workforce and rest are in the favour that loyal customers are increased. Theme 5: Major requirement of customers Q5) As per your thoughts, what is the major requirement of aFrequency 15 4 1a) Increase in number of potential customers b)Enhancement in both productive and profit margins of company c) Increase in loyal customers
customer in summer shoe? a) Comfortable15 b) Reliability and durability3 c) Good performance2 Interpretation-When a customer visits a shop with a view to buy goods displayed then they look for certain features according to their expectations and needs. Also, the needs vary customer to customer as everyone has different preferences and choices. In the context of shoes as main product, it should be a good item having the standard quality so as to increase customer's satisfaction (Polonsky,and Waller, 2018). According to thegraph,15peoplefrom20respondentswantscomfortableshoes,3wishfor increased reliability and durability and remaining 2 are more into good performance. Theme 6: Competitive advantage Q6) By following an effective strategy will fashion designer will gain competitive advantage in market? Frequency a) Yes15 b) No5 15 3 2 a) Comfortable b) Reliability and durability c) Good performance
Interpretation-Competitive advantage are the conditions that allow a company to produce good or service of equal value at a lower price or in a more desirable fashion. There are number of factors on which the competitive advantage is based such as cost structure, branding, quality of product etc. As per the graph, 15 among 20 have respondedpositivelyastheyhavemindsetthateffectivestrategywillletthe organizations achieve competitive advantage (Rowe, 2015). Rest 5 have answered negatively. Theme 7: Challenges of designing shoes Q7)Asperyourthoughts,whatarevariouschallengeswhile designing of shoes? Frequency a) Identification of different kind of customers10 25 5 a) Yes b) No
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b) Finding the best suitable approach10 Interpretation-Companies should design its products in a way which will be able to fulfil the customers' expectations. This will attract the more and more customers. This will give positive results to an organization. However, there are challenges which come across (Westrenius, and Barnes, 2015). As per the graph, 10 are in favour that it becomesdifficultfortheentitiestoascertainvarietyofcustomersand10have answered the failure to find the best approach for the company's business. Theme 8: Shows by fashion designer Q8) Have you ever used shoes made by fashion designer?Frequency a) Yes11 b) No9 1010 a) Identification of different kind of customers b) Finding the best suitable approach
Interpretation-Fashion designers are there who are renowned because of their work. They make exclusive products which are hard to find. It is the wish of many people to get to use or wear designer clothes, shoes etc (Westney, 2017). According the graph, out of 20, 11 have worn designer shoes whereas 9 have never got the opportunity to wear designer shows. Theme 9: Opinion Q9)According to your opinion, do you think people will like new summer designer shoe? Frequency a) May be14 b) May be not3 c) Don't have any idea3 11 9 a) Yes b) No
Interpretation-The opinions are entirely of individual act. Every person may have different perceptions on the basis of their experience (.Storey, 2016). Hence, the graph represents 14 have positive response to the success of the new shoes, 3 said may be not and rest are not sure. They couldn't provide a specific opinion. P6 Recommendations From the above interpretation several recommendations are made for the fashion designer to market new shoes effectively - This designer organisation can use effectivemarketing strategy for increasing awareness of product in market. This company should use way of social media to advertise and promote it's shoes. Effective leadership and cooperative culture among workers will help in making attractive shoes and capturing attention of big shoe brand retailers of the world. P7 Reflection on the completion of project In accomplishing the above project I faced various challenges and barriers. The major problem was to design an attractive shoe. The marketing research helped me to understand and analyse the need and demand of customers for a designer shoe. This project developed my interpersonal as well as communication skills. A good research is possible only if communication of researcher is effective so I have to enhance my communication skills for conducting an effective research. This project helped me to understand the importance of globalisation in shoe industry and how sales and profits of company can be increased by adopting any market strategy. The main disadvantage of this project was that there was not much time with me to conduct project activities more 14 3 3 a) May be b) May be not c) Don't have any idea
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effectively. There were some respondents in this research who did not cooperate while filling of questionnaire so this helped me in developing my patience level. RECOMMENDATION From the above analysis, it is recommended for marketing brand newshoes in market and grabbing profits and money in business. Shoes can be promoted by adopting penetration marketing strategy. Crowdsourcing can be used by shoes industry as it is a new technique in which customers have to market the product to public by sharing videos, campaigns, short movies, etc. Social media is an inexpensive way and it can be used by this designing company to market new designer shoes. Market analysis will be done for grabbing attention of more number of customers. A marketing plan must be made so that shoes can be marketed effectively at international level. CONCLUSION From the above report it has been concluded that a market research is effective for the organisation. This helps in knowing and analysing the needs and demands of customers about a product. Globalisation is an effective process that is helpful in integrating several products and items. This helps all organisations to increase their profitability and sales. Moreover it helps to increase the number of customers.
REFERENCES Books and journals Boyle, G., 2017.Design project management. Routledge. Clinton, L. and Whisnant, R., 2019. Business Model Innovations for Sustainability. InManaging Sustainable Business.(pp. 467-507). Springer, Dordrecht. Crane, A. and Matten, D., 2016.Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press. Deresky, H., 2017.International management: Managing across borders and cultures. Pearson Education India. Dutta, D. and Bose, I., 2015. Managing a big data project: the case of ramco cements limited.International Journal of Production Economics.165.pp.293-306. Glukhov, V. V., Ilin, I. V. and Levina, A. I., 2015, August. Project management team structure for internet providing companies. InConference on Smart Spaces. (pp. 543-553). Springer, Cham. Hillary,R.ed.,2017.Smallandmedium-sizedenterprisesandtheenvironment: business imperatives. Routledge. Huntington, J., 2018.Managing the Practice: Whose Business?. CRC Press. Julien, P. A., 2018.The state of the art in small business and entrepreneurship. Routledge. Kendrick, T., 2015.Identifying and managing project risk: essential tools for failure- proofing your project. Amacom. Le Roy, F. and Fernandez, A. S., 2015. Managing coopetitive tensions at the working‐ grouplevel:Theriseofthecoopetitiveprojectteam.BritishJournalof Management.26(4). pp.671-688. Nicholas, J. M. and Steyn, H., 2017.Project management for engineering, business and technology. Routledge. Omri, A., Frikha, M. A. and Bouraoui, M. A., 2015. An empirical investigation of factors affecting small business success.Journal of Management Development.34(9). pp.1073-1093. Polonsky, M. J. and Waller, D. S., 2018.Designing and managing a research project: A business student's guide. Sage publications. Rowe, S. R., 2015.Project management for small projects. Berrett-Koehler Publishers. Storey, D. J., 2016.Understanding the small business sector. Routledge. Westney, R., 2017.Computerized Management of Multiple Small Projects: Planning, Task and Resource Scheduling, Estimating, Design Optimization, and Project Control. Routledge. Westrenius, A. and Barnes, L., 2015. Managing complex business relationships: Small business and stakeholder salience.The Journal of Developing Areas.49(6). pp.481-488.
PERFORMANCE REVIEW What was the Project supposed to accomplish? The aim of project was to analyse that how “To create and market brand new summer shoe for competing with other big brandsworking at global level“. The main objective of this project is to analyse market and know how to design a good and attractive shoe. s Did the project succeed in its aims/ how do you know? Specifically, please outline any evaluation and assessment undertaken. Yes, the project succeeds its aim as it has done within given time period. The project tasks and activities are checked on regular basis. This helped in conducting good research and achieving success in project. I have evaluated research activities in on a weekly basis. This helped in accomplishing project tasks in time. What things do you think worked well and why? Evaluate all aspects of the project (e.g initial inception, project activities and project outcomes) from a range of perspectives. There was a proper monitoring on activity and task performed by individuals who were a part of this project. Different issues and problems were identified in completing project activities and tasks. Regular controlling helped indeveloping strategies and achieving goals and objectives of project effectively. What problems emerged during the project and how were they tackled? Was there timely identification of issues and resolution during the project process? The problems which I faced while this research were related to time, lack of good respondents and funding problems. I took help from my seniors and resolved different problems of project.Yes, problems were identified timely and resolution was given for it. The process also helped me in conducting project task effectively. What did you learn from undertaking the project? I identifiedmy weakness as well as my strengths while doing this project. I developed my communication skills and interpersonal skills.Also I have build my patience while filling up of questionnaire from respondents. Through all these skills and ability I am
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able to conduct project effectively in future. How would you rate your performance as a management consultant leading the project? I would rate myself as 8 out of 10 for my performance. What strengths and weakness of your performance did you identify? When I was conducting this research I get to know that I have strength of managing and handling research activities in an effective manner. On the other hand ,I have someweaknessthatwereobservedwhichincludespessimisticthinkingand demotivation. My major strength during this project was communication skill. How will this inform and support your continuous professional development? This project will help to modify continuous professional development by providing traininganddevelopmentsessionsandimprovecurrentskills,abilitiesand knowledge.