Managing Successful Business of Small Business Essay

MANAGING
SUCCESSFUL
BUSINESS

Table of content
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Aims and objectives of a project............................................................................................1
P 2 Project management plan .....................................................................................................2
P 3 Work Breakdown structure and Gantt chart.........................................................................3
TASK 2............................................................................................................................................5
P4 Small scale research by using various methods.....................................................................5
P6 Suggestion and recommendation on the above data analysis................................................7
P7 Research measures to meet objectives with own learning and performance.........................8
CONCLUSION................................................................................................................................8
REFERANCES................................................................................................................................9

INTRODUCTION
Managing successful business relates to handling all the activities of business in an
efficient manner. It is a simple term which explains about the administration of the projects with
the help of different activities in the organisation. These activities are designed so as to achieve
the desired goals of the organisation. It should consider the facts and tables that are related with
data so that results can be easily and accurately achieved. This project report contains the study
about various aims and objectives of project, plans that are made for planning to achieve the
desired objectives (Achtenhagen, Melin and Naldi, 2013). The managers gave the insight about
the activities can be divided with the help of gang chart and work breakdown structure. Project
planning for monitoring the different objectives of the projects. The research methods that are
used by the organisation, measuring the accuracy and reliability of data. Tools and techniques
that are used in research. The decision making process that helps in evaluating the results of the
research and lastly suggestions and recommendations that are needed for research so that
changes can be made in research wherever they are necessary.
TASK 1
P1 Aims and objectives of a project
As a management advisor of Austin Fraser which is a small business organisation and
operates its consultancy services in HR department. The basic aims, scope and objectives of the
project should be clearly defined and thus the work should be completed according to the desired
plans and programmes. Various external and internal factors that operates in the organisation
should be considered so that the the main objective of the company can be easily achieved to
achieve the desired goals and objectives for individuals and different groups that are operating in
the organisation. Small business projects requires low budgets because they are not established at
a higher level and thus they have less capital and funding to invest in the projects. Factors which
are critical had to be managed so as to achieve the desired objectives. Targets are attached with
the projects which had to be efficiently achieved (Crane, and Matten, 2016).
Projects should be designed according to need and specifications and thus all the
activities of the plan should be designed as per the plans of the projects.
Different methods that are used for research are to be effectively evaluated and actions
with the help of data and information so as to achieve healthy outcomes.
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In planning of project various risk and challenges factors arises those had to be efficiently
managed by implementing proper solutions.
The strategies that are related with attainment of goals should be effectively achieved by
the managers so as to get the desired outputs.
Employees should be motivated to achieve the goals of the system, mission designed by
the company and thus increase in productivity of organisations.
The resources of the economy should be utilised in an effective manner. So that the right
job can be provided to the right person at right place and at right time.
Aims and Objectives of Projects:
Implementation of CSR activities in the organisation that helps in achieving the
sustainable objectives for the organisation (Crawford, and Nahmias, 2016).
CSR activities helps the organisation to grow and develop with the help of activities that
are beneficial for the society.
The desired results of the research should be effectively achieved. The project also
emphasis on how the desired aims are to be achieved by the organisation.
The long term goals of the project are to be achieved that helps in achieving the
expectations of the project.
Concept that are designed should be properly used in the project. The technical part of the
project should be effectively used in the decision making process. Thus the project should be
short that can be easily understand by different individuals of the organisation.
P 2 Project management plan
The manger of Austin Fraser had to designed the effective management system that
compose of various factors. These are related with implementation of desired plans for the
project. The group goals should be achieved that are designed by applying the target strategies
and using the different set of informations that are related with the project like evaluation of cost
and budgets (Kumar, Petersen and Leone, 2013).
The factors that are related with the project includes cost, scope, quality, time,
communication, risk and the resources used. All these have their assigned roles and
responsibilities that they have to achieve defined under the project. Project manager thus reveals
all the internal and external factors that operates in the organisation so that complexity of
projects can be easily solved and thus achievement of the desired results.
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The plans that are designed by management for small business organisation should
include the following:
Cost: It implies the expenditure that will be incurred in completion of project activities.
Cost are the backbone which help in effectively running the business activities which can be
related to small, medium or large business. All the event of the project are related with cost and
thus cost should be considered before designing a project activity. For Example : If the cost of
Implementing CSR activity was 10,000. Training given to employees will incurred 5000 and
thus they will be able to secure 5000.
Scope: It relates to vision and mission of the projects. These should be evaluated to every
member or individual of the team. This helps in creating awareness about the project before the
resources are selected. The waste elements should be managed and thus errors should be reduced
with the help of selecting the right person for running the project.
Quality: It relates with the prices of the projects that helps in identification of the quality
of the projects. These quality factors helps in identification of the stages of products that are used
in organisations so as to control the quality, planning process and coordination of different
activities (Mathur and Kenyon, 2012). The Quality for implementing CSR activity should be
helpful in providing better services to people of society. Customer satisfaction are important in
determining quality of products. Experienced persons will be hired who had knowledge about
implementation of CSR activity.
Time: It is the most critical factor that helps in scheduling the times of different activities
that are related with the project. Time management helps in completion of the activities inn
desired time so as to achieve best results for the organisation by timely completion of the project.
Time taken to complete the project will be twelve Weeks. Plans and procedures will be designed
according to desired time in which project had to be completed.
Communication: Plans should be designed that helps in communicating the plans and
procedures at all levels in the organisation. Project manager should do interaction with every
individual in the organisation. Different websites are designed which will make people aware
about different CSR and how people can be benefited from this. Advertisement can also be given
newspapers as most of people are reading newspaper to get awareness about what is happening
around the world. Monthly activities can be designed which will help in successful
implementation of CSR activities.
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Resources: These should be properly designed to achieve the goals of the organisation.
Thus resources are valuable for the growth of the company and increasing the fruitfulness of
organisation. For starting these activities we can purchase property on rent . Capital can be
generated from different sources which are available in economy. Finance can be taken from
money lenders, investors etc.
P 3 Work Breakdown structure and Gantt chart
Work breakdown structure: It is a system of management in which the activities
which are related with the project are divided into small task. The main objective of dividing the
activities is that it helps in easily achieving the work that are designed for individual and thus
work pressure is reduced. The employees fell motivated in managing the resources and thus
increasing the productivity for organisations (The Work Breakdown Structure. 2015). The
arrangement of team members according to their work which is divided into particular sections
or unit. The teams are managed with the help of using charts that includes data product and
services that are related with estimation of cost of the projects. As per the requirement of the
team WBS is designed to achieve the goals of the organisations. The work should be divided
smartly according to different requirements of the department.
Funds for the activities are collected from various sources which includes Equity,
shareholders, debentures and loans provided by banks.
Second stage relates with combination of different activities which are related with
market division like promotion, advertisement, selling and chain retailing
fund division includes managing and transferring of funds that are related with projects.
HR division includes recruitment and selection of employees.
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