Managing a Successful Business (doc)
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Added on 2020-01-07
Managing a Successful Business (doc)
Added on 2020-01-07
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MANAGING SUCCESSFULBUSINESS
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Aims and objectives...............................................................................................................3P2 Project management plan.......................................................................................................4P3 Produce a Gantt Chart to provide time frames and stages for completion............................5TASK 2............................................................................................................................................6P4 Small-scale research by applying qualitative and quantitative research methods................6TASK 3............................................................................................................................................9P5 Analysing research and data using appropriate tools and techniques....................................9P6 Recommendation.................................................................................................................10P7 Reflect on the value of undertaking the research.................................................................11CONCLUSIONS............................................................................................................................12REFERENCES..............................................................................................................................14
INTRODUCTIONIt is very necessary for an organisation or company to maintain their businesssuccessfully. They have to maintain all of their activities according to their given time period toachieve the desired goals. If a company is manage their activities successfully then the outcomeswhich they achieve is always positive and it will helps in maximise their profits (Shattock,2010). If company invest large amount in any project then they expect positive results. Ifmanager manage all the activities in the company then manager will divide work accordingly andthen employees do their work more effectively and efficiently. If they manage businesssuccessfully then it will help them to gain goodwill. It will also help to maximise the value ofbusiness and along with they get successful to fulfil the expectation of their stakeholders. For thismanager also can make some business strategies that will helpful to attain long term benefits forcompany.TASK 1P1 Aims and objectivesCorporate social responsibility is like a business approach that helps in development by deliversome benefits like environmental, social, economical to all the shareholders. Every company andcountry has their own responsibilities for public, it is differently implemented according to eachcompany and country (Eckerson, 2010). It contains right of human, working conditions, safety,health etc. to development of economy. Every company has their responsibilities that they notonly do efforts for themselves only but also for society to maintain their CSR. Different business has different corporate social responsibility. Some responsibilities of thecompany is to provide shelter, food, water to poor people. They also reduce the waste andrecycle them. Corporate social responsibility of the company is they tries to recycle in maximumquantity so that they will use material in minimum range. They also create a healthy and safeenvironment for the people by reducing waste.The company also invest in some projects which is beneficial to them and people also throughthat they can provide more benefits to people of the society. If they do that then obviously theycontribute in society for their betterment and also fulfil the social duty (.Keller,Parameswaran,and Jacob, 2011). In society it is not necessary that there is only high or middle class people,
there are some poor people also. So that company provide those poor people shelter, food,education to their children to complete their basic need through that they can survive easily. Company also motivate other people to complete their corporate social responsibilities. If they earn more profits in maximum range then also they have to fulfil or follow eachand every law and regulations or norms which is issued by government authorities. The company do more and more corporate social responsibility or can say that they domore efforts for this so image of that company take place on people's mind and it willhelp them to improve their goodwill in market. And if they introduce any new projectthen investors easily invest in the company. It also helpful to increase their market shareprice (Smith,Binns,and Tushman, 2010). They also provide better services to their customers and provide them satisfaction. P2 Project management planProject management plan contains the information regarding projects of the company. It is aformal plan for company which they have to follow. It is a baseline or blueprint of project. Itincludes the information regarding project that how project can be execute and how theimplementation can do. If plan is made properly then it can helps to reduce the consumption ofmaterial and maximise the profits. If project plan is properly made then it also helps to reduce the cost. The plan involves cost, risk,time, scope etc. It is not a schedule, it is a plan which contain how the task and activities can bedone to achieve or fulfil the target. This plan is also include risk management through this ithelps to reduce the risk which is related with the project (Edmonds, 2011). People also learn howthe time management is done and it will help them to provide their services on timely basis.There are various contents for project management plan is mentioned as below:Human resource requirements: For any work there is always need of human resources. Ifpeople need training for the project then company has to plan training for employees. Material or equipment requirements: In this, it is identify that how much material and whichtype of equipment is necessary to completion of project.Budget or cost estimation: It is necessary to identify the budget for the project because it isnecessary to work under the budget only. It includes the cost of labour, material, capital itemsetc.
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