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Managing A Successful Business Project | H&M

   

Added on  2021-02-19

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Managing a successfulbusiness project
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Table of ContentsINTRODUCTION...........................................................................................................................1A) Aim and Objectives................................................................................................................1B) Project management plan .......................................................................................................2C) Research methodology............................................................................................................3D) Data analysis and findings......................................................................................................6E) Covered in PPT.....................................................................................................................12F) Recommendation and conclusion in proper manner.............................................................13G) Performance review template in Appendix..........................................................................13CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................15
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Topic- To Analyse the impact of Globalization on new product launch.INTRODUCTIONGlobalisation is one of the most beneficial procedure for business organization as it helpsto generate high margin profit and increase the profitability of company (Turker and Altuntas,2014). It is worldwide motion toward trade, communication, financial and economic integration.It implies beginning of nationalistic and local perspectives to the wide outlook of interdependentand interrelated world with at large transfer of products, capital and services across nationalboundaries. Globalisation affects the country as well as its economy status. It increasescompetitive environment in market place which influence organizations and their overallbusiness performances. Globalisation means that nations liberalize its import rules and welcomeforeign investment into industry that is mainstays of its economy. It helps to reduce gab betweenone nation to the other and also contribute to improve the economic status. It is useful andeffective process for H&M and impact on their new product launch as new summer shoe launchin London. Due to competitive environment because of globalisation many companies try to beattheir competitors within marketplace and wants to grab the attention of customers via producingnew goods or do some innovation in existing ones according to current market needs (Mital andet.al., 2014). Organization manufacture, design and sell its range of products to several ofleading fashion retailers across the world which is beneficial for them. Strategy statement-H&M used STP as one of the best strategy before launching new product.They need tomanufacture or create new summer shoe to beat with other shoe brands, company required tolaunch their new product in London fashion week on 16th to 20th November 2019. Organizationwant to compete with its competitors and efforts to raise their position in market as compare tothe other brands. Problem statement- due to some factors they face many challenges in processof creating new products and launch in London Fashion week which impact on their business aswell as financial performance. A) Aim and ObjectivesAim-To Analyse the affect of Globalization on new product launch. A case study is based onH&M.Objectives-To identify the significant of globalisation to business.1
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To determine effect of globalisation on MNC.To analyse challenges faced by H&M in new product launch.To suggest strategies to overcome the barriers in new products launch as new summershoe.Research question- Why globalisation is essential for business?What is the influence of globalisation on MNC?What challenges have H&M faced in new product launch?Recommend strategies to overcome barriers in new summer shoe launch?B) Project management plan PMP is the document used to define every phase of the project, several components isincluded in this plan executing, controlling, monitoring, planning and closing. There are manyelements also included in Project management plan.Cost-The cost of completing this project is £500 and cost of producing new summer shoe is£150.Time- To finish this project it need more than 2 days which is essential for final submission. Onthe other hand to Launch new summer shoe in London fashion week H&M need 1 week for thesame as to perform effectively. Quality-The quality of work is appropriate and all the things has been done in proper manner.H&M manufacture good quality product and also focuses on the quality of new summer shoethat is launch in London fashion week event. The project is produced by following all the qualitystandards. Resources- The project team members is often one of the most essential components in range ofsuccessful tasks. List of project team members, funds and training and development are the mainresources within the project which help to accomplish it successfully (Aggarwal and et.al.,2014). H&M also focuses on their effective team and hire new talented peoples that contribute tomanufacture new summers shoes and helps to launch it in London fashion week event.2
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Communication-Good communication makes project better and often effective communication is the onlyreason the issues does not arise. Project manager effectively communicate with stakeholders andfind out the best ways to accomplish project on time.Project scope statement- H&M project manager need to launch their new product within London fashion weekeffectively. Included scope-Resources, budgets, labour and raw material.Excluded scope-H&M focuses on producing new summer shoes and launch it in London Fashion week16th - 20th November.Success criteria-With the help of monitoring it is easy to measure the success of project. Communication plan-Project manager communicate with its employees with the help of face to face interactionand they communicate or interact with stakeholders and higher management via sending mail. 3
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Giant Chart-Task ModeTask NameDurationStartFinishPredecessorsAuto ScheduledProduct idea generation3 daysMon 7/1/19Wed 7/3/19Auto ScheduledResearch and development2 daysThu 7/4/19Fri 7/5/191Auto ScheduledAppointment of Project managers3 daysMon 7/8/19Wed 7/10/192Auto ScheduledTarget customers4 daysThu 7/11/19Tue 7/16/193Auto ScheduledTeam establishment3 daysWed 7/17/19Fri 7/19/193,4Auto ScheduledResource requirement2 daysMon 7/22/19Tue 7/23/194,5Auto ScheduledResources allocation2 daysWed 7/24/19Thu 7/25/195,6Auto ScheduledTeam development training3 daysFri 7/26/19Tue 7/30/197Auto ScheduledProcurement of raw materials4 daysWed 7/31/19Mon 8/5/198Auto ScheduledInitiation of production4 daysTue 8/6/19Fri 8/9/199Auto ScheduledControlling and monitoring3 daysMon 8/12/19Wed 8/14/1910Auto ScheduledClosure of the project1 dayThu 8/15/19Thu 8/15/19114
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