TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 PART 1............................................................................................................................................1 Summary of business case...........................................................................................................1 Project rationale...........................................................................................................................1 Management tools........................................................................................................................1 Recommendation.........................................................................................................................5 PART 2............................................................................................................................................6 Personal reflection.......................................................................................................................6 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Project management refers to allocating useful resources in tasks, business operations as well as governance of activities which would bring meaningful returns to the professionals.in the present report, there have been ascertainment of activities relevant with the business case of Revive Luxury Beauty Spa Salon in Luton. However, in accordance with the operational practices of this beauty salon and SPA on which it can be said that professionals have been aiming to launch this project on London stated trade show. The present report, will discuss severaloperationaltacticssuchasmanagementtheoriesofcognitivesystemsapproach. However, in accordance with the operational tactics and management of operational practices would be effective in leading the firm to retain adequate success in the upcoming trade show and in long term operations PART 1 Summary of business case ReviveLuxuryBeautySpaSalonhavebeenperformingactivitiesinthebusiness environment which is being adequate and helpful in relation with making better ascertainment of outcomes. Business have been aiming at improving the sales volume of the industry in the upcoming period with delivering best and satisfactory services among consumers (Kolk and Rivera-Santos, 2018). There have been various services and operational tactics which have been adopted by organisation in relation with presenting satisfactory services among the consumers. Project rationale In relation with analysing the operation functions of the business on which it can be said that, there have been analysis over the benefits and business participation which would lead the firm in retaining adequate gains at the right time. Professionals have been aiming at retaining the adequate returns on investment which would be effective in retaining the appropriate amount of profits through operations (Wilde, 2018). The starting costs of the business has been estimated as 350 pounds per day which would be effective in relation with retaining effective amount of gains. Management tools In relation with improving the operational efficiency of workers and workforce which would be adequate in improving the gains and creating the brand identity in the market. Creating a personal space in the environment would be adequate in leading firm for retaining best amount 1
of revenue (Turner and Ledwith, 2018). Therefore, there are various managerial tools which are required to be operated and governed in relation with making an effective planning and operational determinations. There are several terms that would impact positively in creating the brand identity in the market such as: Strategic planning:Analysing the current market scenario and making adequate planning and operational analysis enables firm in mitigating the challenges (Akhtar and et.al., 2018). There have been several approaches which would be effective in bringing appropriate gains to have satisfactory strategic planning. Strategies can be developed by Revive Luxury Beauty Spa Salon, as the professionals analyse market environment, consumer preferences, current trends and efficiency of business to adopt them. There are decisions which effects in managing team to make productive efforts which would lead the organisation in meeting its objectives (Litvaj, Makarovič and Bůžek, 2018). Plans can be relevantwithdecidingthepotentialsuppliers,resourcesrequiredforbusinessfunctions, managing workforce according to activities. It leads the firm in having collaborative efforts that leads employees and other stakeholders towards a common goal. Therefore, creating a vision as well as implicating it systematically will be effective in articulating the business success. CRM practices:Managing the consumer relationship will be adequate in relation with operating the entire lifecycle of consumer interactions with the business (Hazen and et.al., 2018). There have been influences of various arms in the marketing of sales, analysing consumer behaviour would lead the organisation in retaining the marketable success. These are the practices which encourages the firm in creating effective records of consumers will result in developing healthy relationship with potential buyers of firm (Wright, 2018). Along with this it also required that, Revive Luxury Beauty Spa Salon must be focused on training their workforce and relying the automation of operations would be effective in bringing the best amount of returns on investment. Benchmarking:It is a process through which managerial professionals ascertains and manages the performance in the organisation. There has been effectiveness in the operational efforts made by employees in a period (Mendling and et.al., 2018). Therefore, allotting them targets will be effective in improving their productive efforts as well as commitment towards the operations to be done. 2
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Creating small targets will be effective in making decision and creating a design structure which would amend the professionals in making qualitative efforts. It creates the records of data base on which there have been records of efforts made by employees as well as targets attained by the business for effective increment in the revenue and profitability (Kolk and Rivera-Santos, 2018).Therehavebeenvariousprocessandoperationalanalysiswhichwouldleadthe organisation in creating the best processes and policies which would be adequate in performing the best practices in the business. Core competencies:There have been various tasks and operational motives which in turn have been effective in managing the operational process of business. Revive Luxury Beauty Spa Salon will have required to develop several techniques such as making effective access to the market to retain information based on current changes, consumer preferences and techniques to operate activities (Wilde, 2018). There have bene influences of various machineriesand equipment that makes it easy and qualitative for Beauty salon and SPA to make better service development. Business Process Reengineering:Developing a structural framework would be adequate for the firm in creating the favourable market share, brand identity as well as approaches which would lead the organisation in meeting the targeted aims at the right time (Turner and Ledwith, 2018). This technique will be beneficial for Revive Luxury Beauty Spa Salon in redesigning the core business processes on which one would achieve dramatic increment in productivity, quality and cycle times. If the organisation is not performing well on the previously stated procedure than there will be requirement of developing the new operational aspects which would be profitable. There must be effective consumer needs and values which can bring technical increment in the procedure of operational practices. It may be effective as if the managers allow employees to make innovative changes and take responsibilities to perform the adequate job (Business Process Reengineering, 2018). This technique leads organisation in having adequate reduction in costs, improving quality as well as developing operational tactics. Action plan for the project: Task ModeTask NameDurationStartFinishPredecessors Auto Scheduledgenerating business idea5 daysWed 20-03- 19Tue 26-03-19 3
Auto Scheduled communicating plan with team members7 daysWed 27-03- 19Thu 04-04-191 Auto Scheduled defining the roles and responsibilities8 daysWed 27-03- 19Fri 05-04-191 Auto Scheduled determining the business objectives2 daysFri 05-04-19Mon 08-04- 192 Auto Scheduled creating vision and mission7 daysMon 08-04- 19Tue 16-04-193 Auto Scheduled conducting market research12 daysTue 09-04-19Wed 24-04- 194,3 Auto Scheduled survey over competitors and consumers8 daysWed 17-04- 19Fri 26-04-195 Auto Scheduleddefining research findings7 daysMon 29-04- 19Tue 07-05-196,7 Auto Scheduledinterpreting the outcomes10 daysWed 08-05- 19Tue 21-05-198 Auto ScheduledDiscussion7 daysWed 08-05- 19Thu 16-05-193,8 Auto Scheduled Conclusion and recommendation5 daysWed 22-05- 19Tue 28-05-199 Auto Scheduledrecheck the plan6 daysFri 17-05-19Fri 24-05-1910 Auto ScheduledAwaiting feedback4 daysWed 29-05- 19 Mon 03-06- 1911,12 Auto Scheduled Modification as per feedback7 daysTue 04-06-19Wed 12-06- 1913 Auto ScheduledFinal submission2 daysThu 13-06-19Fri 14-06-1914 Gantt Chart: 4
Critical Path: Recommendation As per analysing various managerial tools which will be helpful to the firm in meeting the challenges at the right time. There are several technique’s which are required to be considered by themanagerial professionalsincreatingthebestworking environmentfortheindustrial practices.However,inrelationwithsuchaspectsonwhichitcanbesuggestedtothe 5
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
professionals at Revive Luxury Beauty Spa Salon that they must applicator business process re- engineering which would defines better quality and development of operations that could lead the business in retaining the adequate success at the reliable time frame (Akhtar and et.al., 2018). Redesigning business functions will be effective for the firm in making adequate changes into operational practices of firm. PART 2 Personal reflection As per analysing the business case of Revive Luxury Beauty Spa Salon on which developing the objectives, stating the core competencies as well as creating a designed structural practice which would be effective in managing the operational gains in the business. I have learnt various innovative and reformative things regarding the team work, development of business ideas, creating a favourable business framework. The team efforts and commitment from various parties have determined the adequate operational challenges which are required to be mitigate and make better operational ascertainment. My skills and knowledge regarding team management, developing the frame work as well as analysing the requirement of resources have been improved. I would like to thank my team members in making me able to represent and defining my view points among theme. The creation of business idea would be effective for the firm in reaching best level of operational practices at the right time. I have learnt the techniques in improving the employee understanding regarding business culture and structure which is required to be followed by the professionals in terms of mitigating the challenges. My skills based on managing activities through out the project have lead the best outcomes. Thus, it has helped me in drafting a valid interpretation of the outcomes and defining the action plan to be undertaken for the project. Along with this, I have also participated in developing the policies and procedures which are required to be followed by professionals in Revive Luxury Beauty Spa Salon. I believe that I could have chance to perform as a manager in any company than on the basis of my learning and articulating the things will be effective in bringing the better gains to the business. Based on my learning skills and ability to perform the research operations on which it can be said that, there have been influences of various managerial techniques such as Benchmarking, balance scorecard and relevant techniques which would be effective in leading the firm for 6
retaining the adequate success at the market. I believe that managing the workforce by giving them small targets as well as objectives which encourage them to make efforts in the operational activities. There have been influences of various policies and practices which in turn would be effective in leading the organisation to retain the adequate success in the market. In relation with improving the productive efforts in organisation I believe that, there have been influences of various operational techniques which would be effective in retaining the adequate market growth. I think analysing the efficiency of employees and assigning them the duties which meets their qualification at the right time. It can be said that, analysing operational influences would be adequate in leading the firm in retaining the marketable gains at the right time. Along with this, after completion of entire research process on which it can be said that there have been various activities which could lead the organisation in retaining the adequate marketable success. My skills and efficiency determines that, there have been impact of various operational activities which would be effective in leading the market as well as retaining the qualitative growth. I believe motivatingstaff as per giving them proper work environment would be dreadful for achieving the business targets. CONCLUSION On the basis of above report, it can be said that, managing the business operations requires application of adequate managerial tools and techniques. Revive Luxury Beauty Spa Salon have been planned to develop the operations in Luton as well as getting participation in London on a trade show. Thus, in accordance with such operational determination on which making effective ascertainment would lead the firm in gaining better success in the market. 7
REFERENCES Books and Journals Akhtar, P. and et.al., 2018. Essential micro‐foundations for contemporary business operations: Top management tangible competencies, relationship‐based business networks and environmental sustainability.British Journal of Management.29(1). pp.43-62. Hazen, B. T. and et.al., 2018. Back in business: Operations research in support of big data analyticsforoperationsandsupplychainmanagement.AnnalsofOperations Research.270(1-2). pp.201-211. Kolk, A. and Rivera-Santos, M., 2018. The state of research on Africa in business and management: Insights from a systematic review of key international journals.Business & Society.57(3). pp.415-436. Litvaj, I., Makarovič, J. and Bůžek, M., 2018. Integration of Management Systems, Synergy of Quality,KnowledgeandRisksinBusinessManagement.Technological Engineering.15(1). pp.38-41. Mendling, J. and et.al., 2018. Blockchains for business process management-challenges and opportunities.ACM Transactions on Management Information Systems (TMIS).9(1). p.4. Turner, R. and Ledwith, A., 2018. Project Management in Small to Medium‐Sized Enterprises: Fitting the Practices to the Needs of the Firm to Deliver Benefit.Journal of Small Business Management.56(3). pp.475-493. Wilde, A., 2018. Total Supplier Risk Monitoring Knowledge Management as a Basis of a PreventiveSupplierEvaluation.JournalofBusinessManagementand Economics.6(03). pp.33-36. Wright, P., 2018. Fundamentals of human resource management.Management.5. p.27. Online BusinessProcessReengineering.2018.[Online].Availablethrough:< https://www.bain.com/insights/management-tools-business-process-reengineering/ >. 8