Unit 6 Managing a Successful Business Project (MSBP) Assignment
Added on 2020-10-22
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Skeleton for Unit 6 MSBP – Created by RIIntroductionGlobalisation is process where interaction took place among companies, people andgovernments worldwide. It has been grown because of communication and technology. Withincrease in global interactions growth for culture, international trade and ideas. It requireseconomic resources of capital, goods & service, data and technology (Cleden, 2017). Thegiven assignment is based on Jaguar which is British multinational car manufacturingfounded in 1935 at England. Here will be discussing about project management along withaims and objectives of Jaguar. Work breakdown structure and Gantt chart is presented toprovide time-frames and stages for completion. Discussion is about research and its tools andvalue of undertaking for meeting stated objectives for learning and performance.Write about the following:Positive impact of Globalisation to businesses in United Kingdom.1.Economic Impact- Globalisation has positive impact on growth of economic aspects.It provide lots of benefits in foreign direct investment (FDI) which assist in boostingtechnology transfer and economies of scale enhance in reducing prices and costs. Alsoassist in markets of more efficient products, limiting military conflicts and spreadingwealth equally globally. 2.Cultural Impact- Cultural means belief, value and tradition of people andorganisation. Globalisation helps in interaction between different culture which leadsto pluralization. This helps in improving standards of individual among each otherwithout hampering local tradition.3.Ethical Impact- Ethics means moral values and principles which define right andwrong. With increase in globalisation, ethical values has been increased for betterperformance of work (Doherty, Ashurst and Peppard, 2012). It is very impact inbusiness as it enhance goodwill and image of firm.Background of the ResearchGlobalisation is multifaceted and complex phenomenon. It is international integrationof product for exchange of world views, ideas, concepts for worldwide exchange of culturaland national resources occur during process. Different factors contributed in growth ofglobalisation such as communication, technology, advancement. It is different for variouspeople and creates positive and negative impact of political, technological and economicprogress. Due to globalisation, power of state is determined by power of enterprise. Itdescribe social, cultural and political changes of world in last fifty years that was acceleratedby scientific revolution for diminishing national and geographical boundaries in order to1
expand transnational movement of capital, goods and service. Globalisation provides benefitsfor free trade, increased in capital flows, movement of labour. It assist both developing anddeveloped countries to improve their economy and technology. Due to increase incompetitive pressure it improve better labour protection and governance (Drucker, 2012). Italso increased awareness among customers for challenges of climate changes and income &wealth inequality. Increase in globalisation has created impact on marketing, human resource,operation and finance. Marketing manager apply various tool in order to search and targetmarket and human resource can improve them with latest technology, skill and development.Also because of globalisation, finance and operation has started using updated technology forcarrying out task, producing goods and planning of cost required in company. Jaguar hasfaced many challenges because of globalisation for surviving in market and create theirmarket value and goodwill (Fageha and Aibinu, 2013). Write theAims of the ProjectThe main aim of this project is “To identify positive economic, cultural, and ethicalimpacts of globalisation on different functions”. A case study on Jaguar.ObjectivesTo identify concept of Globalisation.To identify role of various functions of Jaguar in global world.To determine positive impacts of economics, ethical and cultural factors onglobalisation of Jaguar business.Research Plan2
Project Title“What are the positive economic, cultural, and ethical impactsof globalisation on different business functions within anorganisation.Project PlanCompany Name:JaguarCostIt is very important factor in determining research plan inbusiness. If in case of ineffective planning of cost, activitiescannot be carried out. Thus, cost should be arranged as peractivities required in business. Various cost are required to beplanned such as variable, fixed cost and according totalexpenses is known. Cost can be incurred for manpowerrequirement, equipments requirement. Thus, various cost aremade for different resources. Jaguar has estimation of $250million for starting of project at international level.ScopeJaguar has large size market scope which has to perform variousfunctions at market level. Such scope helps in increasing marketshare, enhance profits, sustainability and growth. Globalisationhelps a lot for improving performance and set target objectiveand goal.TimeIt is very important for project researcher to complete projectwithin stipulated given time. Completion of task in accuratetime provide positive outcomes. In order to complete project ofJaguar it take around 5 to 6 months. If Jaguar start its businessat globalisation or international level then it required approx 2to 3 months for achieving set target objective and goal (Florénand Frishammar, 2012).QualityIt is very necessary aspects of manager to maintain quality of seset project in better way. All quality related with work should beapplied in business for better outcome. Jaguar has high premiumtarget market so it is very important to high standard qualityalong with other services.CommunicationCommunication is most effective channel for business. In orderto complete project, there should be proper communication3
among all departments and stakeholders. It can be throughsocial media, emails, telephone, face to face interaction. Incontext of globalisation there are various activities which needto be fulfilled that are carried out by various person. Thus, eachand every people working under same project shouldcommunicate among each other to complete project within taskand get better outcomes.RiskWhile implementing project, business have to face risk whichcan be related with technology, finance, manpower, lack oftraining, competitors. Also leak of important and collected dataleads to negative outcomes. Company should provide bestsolutions to minimize risk and maximize output. In context ofglobalisation there are various risk which company can occursuch as profit reduction, difficulty in adopting culture, languageissue risk and others (Forsgren and Johanson, 2014). These needto be studied before and try to minimize or remove such risk inorder to get better result.ResourcesThere are various resources required for carrying out task inbusiness such as finance, manpower, technology. All resourceshelps in carrying out task and completion of project. In contextof process of globalisation, resources requirements includestechnical, manpower, human resources, operators, forperforming work and completing project within given timeperiod.Type of ResearchPrimaryandSecondaryPrimary- It is data collection method specifically for business.It is obtained with help of observing or communicating withcompetitors or customers. Here, data are collected for first timethrough survey, focus groups, interview, direct observation.Elements of primary research are population, instruments,intervention, methods, results, implication. Example can berandomised control trial, CCT, telephone.Secondary- It involves summary, synthesis and collation ofexisting research. Researcher draw data from published paper,4
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