Multinational Companies Impact the Business Environment

MANAGING A
SUCCESSFUL BUSINESS
PROJECT

TABLE OF CONTENTS
TOPIC:.............................................................................................................................................1
LO.1.................................................................................................................................................1
P.1 Aims and Objectives .......................................................................................................1
Introduction & Research Background....................................................................................1
Aim and Objectives................................................................................................................1
Rationale.................................................................................................................................2
P.2 Project Management Plan.................................................................................................2
P.3 Work Break-down Structure and Gantt Chart..................................................................3
..........................................................................................................................................................5
LO.2.................................................................................................................................................6
P.4 Research Methodology.....................................................................................................6
LO.3.................................................................................................................................................8
P.5 Data Analysis and Interpretation......................................................................................8
P.6 Recommendation............................................................................................................14
LO.4...............................................................................................................................................15
P.7 Reflection.......................................................................................................................15
CONCLUSION..............................................................................................................................16
REFERENCES..............................................................................................................................17
APPENDIX....................................................................................................................................18
QUESTIONNAIRE..............................................................................................................18

TOPIC:
How do multinational companies impact the business environment of the host
destination e.g. a country, region, city?
LO.1
P.1 Aims and Objectives
Introduction & Research Background
Globalisation is the integration of the market within the world economy ion which
consequently increased the interconnectedness of national economies. Multinational corporations
are functions of this interconnectedness as they can from and utilise the connections between
economies to operate with multiple nations. MNC's are the agent of globalisation. Only because
of globalisation, it is possible to access to new market, labour are cheaper prices, opportunities to
the reduction of tax and many others. India is a developing country and it provides many benefits
to the economy of India (Paarlberg and Yoshioka, 2016). MNC's improves the balance of
payments, provides employment, source of tax revenue and build a national reputation. On the
other hand, with the rising multinational companies, countries also faces some challenges like
increases in competition among companies, environmental impact, low skilled employment and
many others.
Thus, in this present research project, researcher will identify the impact of multinational
companies on the business environment of the India by using logical methods and techniques.
Aim and Objectives
Aim:
“To determine the impact of multinational companies on the business environment of the
India. A study on McDonalds.”
Objectives:
 To determine globalisation in terms of multinational companies.
 To identify the impact of multinational companies on the economy of India.
 To articulate the challenges faced by local businesses in the business environment on
with the rising of multinational corporations.
 To provide ways to overcome the negative impact of multinational companies on the
business environment and grab more opportunities in India.
Research Questions:
1

1. What is the globalisation in terms of multinational companies?
2. What is the impact of multinational companies on the economy of India?
3. What are the challenges faced by local businesses in the business environment on with
the rising of multinational corporations?
4. What are the ways to overcome the negative impact of multinational companies on the
business environment and grab more opportunities in India?
Rationale
The reason for choosing the topic How do multinational companies impact the business
environment of the host destination is because of increasing multinational companies in the
economy (Khan, Shenkar and Lew, 2015). Thus, this topic will provide clear understanding and
knowledge about the benefits and drawbacks of multinational companies on the economic
growth and development of the nation. In addition to this, the academic interest of researcher is
another reason for choosing the topic as by conducting this research, researcher will gain
understanding about the research methodologies, data collection techniques and about the topic.
P.2 Project Management Plan
Project management plan is approved, formal document which defines the project is
executed, controlled and defined. It is summary and description of the detailed document and
also involves the subsidiary plan management, baselines and other planning documents. It is
document which understand the plan for dividends throughout the preparation of the
projects(Kerzner and Kerzner, 2017).
Communication:- A project management plan without effective communication is not
completed. Its important and simple tool for communicating effectively in the project with the
team, clients and other stakeholders. Communication is a set of the clear guidelines where all the
information has been shared through e-mail circular and it is also responsible for sharing the
needs and demands for the project management plan. It is very helpful for driving the business
plans and which making the plan and strategy through effective communications(Newton,
2016.).
Cost:- cost it is one of the most important management plan which easily outlines the
activities and criteria for carried out the part of the project management plan. Cos is required at
the time of making the plan and it is allocated according to the aspects. It provides the estimation
2

for the amount which has been spent on the project management plan(Eskerod and Jepsen,
2016).
Resources:- it is one of the main important part of the project management plan where it
required for carry out the tasks of the project. It can involve the equipments, laptops, facilities
and funding which is capable for required for the completing the project activities.
Quality:- it is one of the necessary thing in the project management plan because project
is based on the quality which shows the systematic actions, set of planned activities and it also
complies with the specific requirements. Its important to manage the quality of the project and it
is also reliability and authenticity quality.
Risk:- It is one of the significant part of the project management plan where it has to
focus on the risk which arrived for making the project plan. Its necessary to protect the data
which is related to the project. It is possibility uncertain and conditions occurs risk. Sometimes
the data and plan of the project a has been theft b others and which create so many problems and
issues in making the projects(Larson and Gray, 2017).
Scope:- Project planing is determining the document list of the specific project variables,
goals and features, functions etc. In other words it need to achieved both the academic and
corporate levels and work must have done for delivering the projects. It is helpful for both the
corporate and academic sectors such as it can be used by students and employers as well.
P.3 Work Break-down Structure and Gantt Chart
Task Mode Task Name Duration Start Finish Predecessors
Auto
Schedule
d
Research proposal 15 days Mon 25-03-
19 Fri 12-04-19
Auto
Schedule
d
Aims and objectives 7 days Mon 15-04-
19 Tue 23-04-19
Auto
Schedule
d
Literature review 15 days Mon 15-04-
19 Fri 03-05-19 1
Auto
Schedule
d
Research methodologies 17 days Mon 15-04-
19 Tue 07-05-19 1
Auto
Schedule
d
Data collection 18 days Mon 06-05-
19
Wed 29-05-
19 2,3
Auto Data analysis 18 days Wed 08-05- Fri 31-05-19 4
3

Schedule
d 19
Auto
Schedule
d
Data interpretation 15 days Thu 30-05-19 Wed 19-06-
19 5
Auto
Schedule
d
Finding and conclusion 13 days Thu 30-05-19 Mon 17-06-
19 2,5
Auto
Schedule
d
Recommendations 9 days Thu 20-06-19 Tue 02-07-19 6,7
Auto
Schedule
d
Execute the plan 8 days Tue 18-06-19 Thu 27-06-19 8
Auto
Schedule
d
Submission 1 day Wed 03-07-
19
Wed 03-07-
19 9, 10
Table 1: Time Scale
4