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Managing a Successful Business Project - Aims and Objectives

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Added on  2021-02-19

Managing a Successful Business Project - Aims and Objectives

   Added on 2021-02-19

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TOPIC:
Managing a Successful
Business Project
Managing a Successful Business Project - Aims and Objectives_1
Contents
Topic : .............................................................................................................................................3
INTRODUCTION...........................................................................................................................3
Background of the study.........................................................................................................3
Aims and Objectives...............................................................................................................4
P 2. Project Management plan................................................................................................5
P 3. Work breakdown structure and a Gantt chart to provide timeframes.............................6
LO 2.................................................................................................................................................9
P 4. Small-scale research by applying qualitative and quantitative research methods..........9
LO 3...............................................................................................................................................11
P 5. Research and data using appropriate tools and techniques. .........................................11
P 6. Appropriate recommendations as a result of research and data analysis......................19
LO 4...............................................................................................................................................33
P 7. Reflection on the value of undertaking the research to meet stated objectives. ...........33
CONCLUSION..............................................................................................................................34
REFERENCES..............................................................................................................................35
APPENDIX....................................................................................................................................37
Managing a Successful Business Project - Aims and Objectives_2
Topic :
"How do multinational companies improve the recruitment, selection and training of their
employees to meet International requirements?. A study on Nestle"
INTRODUCTION
Background of the study
Globalisation is a process that includes a whole process of developing interaction and
integration among various companies and people from all over the world. Further, from the
context of business, the term globalisation can be defined as opening the local and international
market for each type of business organisation in order to develop interconnection among the
companies available at worldwide level. The process of globalisation leads in free flow and
transfer of goods and services beyond the geographical boundaries. Along with improving the
trading of goods and services the globalisation also results in improving the ability of company
in gathering a range of talent for performing several business activities of the company and
improving overall performance of the firm at global level as well. In addition, for the purpose of
improving recruitment and selection process of the company, the managers of firm needs to
develop more effective plans in this regard. Therefore, it can be said that globalisation have a
positive impact over each activity of the business organisation.
The present study is based on Nestle company. It is a UK based organisation that
provides a range of variety of foods to its customers at international level. Due to having a
business at global level the company needs to analyse culture and ethical background of each
country in which it is doing its business. It is required to perform the business activities in an
effective way. Furthermore, it is also essential to develop effective strategies regarding
management of human resources of the company as directly effects the performance of the
company.
The present research on improvement in the recruitment and selection process of the firm
will use several tools and techniques in order to have an in depth study over the topic. Further,
the while performing the research the scholar will also apply a range of techniques regarding
data collection and observation purpose. It will help the researcher in collecting more reliable
data and deriving the actual results from it as well.
Managing a Successful Business Project - Aims and Objectives_3
Aims and Objectives
Aims
"The aim is to assess several ways through which the multinational companies improve
their selection and recruitment and training program for their employees.
Objective
To determine importance of effective recruitment and selection process in a business.
To analyse several methods regarding improving recruitment and selection process.
To detect challenges that a multinational company face while improving its recruitment,
selection and training method.
To provide recommendation to the multinational company regarding improving their
recruitment, selection and training methods.
Research Questions
How does an effective recruitment and selection process affect company's performance?
Why adoption of effective training method is important for a business?
How the process of training, development and selection process can be improved by a
multinational company?
What are the major challenges faces by a multinational companies while improving the
training, selection and training program adopted by it?
Literature Review
(Turner and Holton, 2015) sought to determine the fact that, Globalisation is a process
that includes a whole process of developing interaction of various organization and people from
all over the world. The purpose of improving recruitment and selection process of the company,
the managers of firm needs to develop more effective plans in this regard. (Baylis, Smith and
Owens, 2017) evaluated that, theory of liberalism helps in expansion of market. Theory of
marxism helps in determining the modes of social exploitation, production and distribution. (Li,
Kumar and Von Glinow, 2015) sought to determine the fact that, theory of Constructivism of
globalization states that, people have constructed this social world which mainly comprise
language, image, symbols and interpretation. (Heck and Mu, 2016) evaluated that, recruitment,
selection and training theory helps in evaluating various effective methods in order to hire
talented customers. Globalization helps in attracting large number of prospective individuals by
Managing a Successful Business Project - Aims and Objectives_4
using various efficient methods of recruitment such as career website which helps in attracting
those candidates who are interested and have capable skills to carry out a particular job role. The
organization should integrate with various digital technology like automated technology, social
media platforms, artificial intelligence, which can help in improvising the recruitment, selection
and training process.
P 2. Project Management plan.
Project Management plan (PMP) is a process which helps in describing every phase of
the project in an effective and accurate manner. PMP is an effective plan as it helps in planning,
initiating, execution, monitoring, modifying, controlling and closing. PMP helps in effective
communication and also provides detailed information to the management of the organization in
an efficient manner. Project Management plan is important as it helps in execution of strategic
goals and objectives on a timely manner by effectively breaking the project into different task. Cost: This helps in estimating the cost of the project in order to determine and estimate
the amount carried out to do a specific project in a systematic manner. The cost plan
comprises of cost and expenses such as stationary, conveyance, internet charges,
transportation, fuel, etc. Scope: The scope of the project is very broad as it helps in filling the gaps on the
particular subject matter. This plan helps in defining, developing and verifying the scope
of the project in an efficient manner. This helps in providing proper guidelines to the
team in order to determine the ways to improve their selection and recruitment and
training program for their employees. Time: Time Management is necessary as it helps in planning, organizing and controlling
the project in a time efficient manner. This helps in allocating time to accomplish each
activity. An effective time management helps in increased effectiveness and
productivity. The project will be completed within 2 month time in order to achieve
desired goals and objectives with utmost accuracy and efficiency. Quality: This helps in determining that the project has been accomplished with utmost
accuracy and efficiency with the purpose of achieving desired results and outcomes. The
project management will use efficient, accurate and viable data in order to achieve
desired results and outcomes.
Managing a Successful Business Project - Aims and Objectives_5
Communication: This is an effective tool which helps management in communicating
the plan to the various other individuals, staff, employees and other stakeholders in the
organization. This helps in setting clear set of guidelines to transmit the information to
the other individual. This can be done through email, telephone, video calling, social
media platforms, etc. Risk: Risk management plan is an effective approach which helps in foresee the risk
which can influence the efficacy of the project. This helps in evaluating the issues which
can be occurred and hamper the efficiency of the business.
Resources: It helps project management in determining the resources necessary for
carrying out the project. It helps manager in optimally utilizing the resources such as raw
material, labour and equipments.
P 3. Work breakdown structure and a Gantt chart to provide timeframes.
Managing a Successful Business Project - Aims and Objectives_6
The Gantt chart shows details regarding a specific way of completing overall project. The
major purpose of Gantt chart is to provide guidelines regarding how each activities in the project
is going to be performed.
TIMELINE
Particulars Week
1
Week
2
Week
3
Week
4
Week
5
Week
6
Week
7
Week 8
Formulation of
plan, aims and
objectives.
Communicating
plan
Making resources
available
Collecting data
Monitoring and
controlling
activities.
Conclusion and
Recommendation
Final Submission
Managing a Successful Business Project - Aims and Objectives_7
WBS (Time frame) is being formulated in order to determine time that would be required
by the scholar in completing different activities of project. It helps in determining the maximum
time required in completion of various activities and overall project as well.
Milestone Schedule
MILESTONE DUE DATE JUSTIFICATION
Selection of topic and drafting
aim and objectives.
01/04/19 This helps the researcher in
deciding the appropriate and
relevant topic for the research.
Research methodology 03/04/19 The research will be carried
out using qualitative research
methodology.
Data analysis and
interpretation
14/05/19 The researcher will complete
the task 2 days prior and gain
all the relevant information
related to the research study in
order to attain aim and
objectives.
Project management schedule
PARTICULARS HOW TO MONITOR TIME
Aim and objectives Approving the topic, aim and
objectives from the tutor in
order to further carry out the
research.
1 day
Research methodology This task will be completed 1
day prior in order to carry out
further investigation.
2 days
Data analysis and Collecting data from relevant 15 days
Managing a Successful Business Project - Aims and Objectives_8

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