Write a project plan for your Undergraduate Major Project using the approved project plan template. Include details of how you intend to research your choice of one of the following companies or services: Sports Direct, Jet2, Virgin Care Services Ltd.
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PROJECT INSTRUCTIONS AssessmentProject plan Module Title:Undergraduate Major Project Word Limit:1200 This excludes bibliography and other items Assessed Learning Outcomes 1-5 WRITING YOUR PROJECT: This project must be completed individually. You must use the Harvard referencing system. Your work must indicate the number of words you have used.Written projects must not exceed the specified maximum number of words.When a written project is marked, the excessive use of words beyond the word limit is reflected in the academic judgement of the piece of work which results in a lower mark being awarded for the piece of work (regulation 6.74). Project submissions are to be made anonymously. Do not write your name anywhere on your work. Write your student ID number at the top of every page. Where the project comprises more than one task, all tasks must be submitted in a single document. You must number all pages. PROJECT QUESTION Write a project plan for your Undergraduate Major Project using the approved project plan template. You should include details of how you intend to research your choice ofone ofthe following companies or services : Sports Direct Jet2 Virgin Care Services Ltd The project plan should provide an outline of how you intend to answer the four questions on the project plan template.
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ASSESSMENT CRITERIA To pass this project, you must satisfactorily complete all elements of the Project Plan Template. You must show: Knowledge of theoretical/ethical issues relevant to your chosen company or service Ability to incorporate theory and to solve problems in the discipline Effective use of learning resources Accuracy of structure and expression Evidence of developing professional problem-solving skills Theory’sexpected PESTEL/SWOT, Michael Porter, 5 Forces, Ansoff Matrix …..
UMP Organisation or Service Project Plan Template Student Number:Organisation or service: Question 1.Identify and analyse three strategic issues facing your chosen company or service.(Total 300 words) PointStrategic IssuesEvidence (financial, reports, news etc.)Area (internal, external, competition, practice etc.) Model(s) 1Virigin care services Ltd, face one of the strategic issues that impact on its overall business performance, over last several years they do not pay tax in United Kingdom which negatively affects its profitability. Due to this they aggressively struggling to established Foothold in NHS run services. Virgin Care and other private companies seize another £3.1 billion of NHS contracts.2018. [Online]. Available through:<https://www.wsws.org/en/ar ticles/2018/01/15/virg-j15.html> It is one of the external factors that affects business growth and success within marketplace. Tax policy covers in political factors. Changes in taxation policies or rules are the political factor that bring many problem for company if they do not follow it accordingly. PESTLE model 2Limited focus on expanding business beyond UK is another strategic issues that influence current business productivity as well as performances effectively. They do no centring on expansion procedure which is quite Moth, R., Greener, J. and Stoll, T., 2015. Crisis and resistance in mental health services in England.Critical and Radical Social Work.3(1). pp.89-101. Limited centring on expansion process is one of the internal factors that directly influence reputation and position of company in market for longer period of time. It is consider as SWOT analysis model
beneficial for them as helps to increase profitability rather than before. Lack of focusing on business expansion bring many challenges for them as to sustain for long in market. internal areas of development. 3Lack of financial planning is the major strategic problem faced by Virgin care service Ltd. Their planning is not done efficiently an appropriately. Management cannot be able to managed investment plan effectively, without planning, they cannot be able to take better decision which impacts on overall performance or growth of organization. Poor financial management easily lead to overspending, without preparing advanced plan firm cannot be able to save money. It also lead to serious lifestyle and budgets consequences. Liquid and current asset ratio is low which need to be Virgin Care SWOT Analysis.2017.[Online]. Available through:<https://www.mbaskool.com/brand guide/pharmaceuticals-and-healthcare/ 10283-virgin-care.html> Lack of financial planning is another internal areas of factor that create issues for company and increasing stress. SWOT model
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increase by them. Question 2.Identify and analyse three challenges facing your chosen company or service.(Total 300 words) PointChallengesEvidence (financial, reports, news etc.)Area (internal, external, competition, practice etc.) Model(s) 1Threat of new entrance is high in industry, as it is one of the biggest challenge faced by them for sustaining in market for every. Entry of new company in market bring challenging situation for existing companies as they increase high competitive environment. Apart from this health and social care industry is characterized by tough regulations and rules which need to follow by health care services providers for long in order to sustain. The demand of new services and products related to health is greater that attract new firms towards industry as to expand their business within market. Porter five forces model for health care industry.2017.[Online]. Available through:<https://www.porteranalysis.com/p orter-five-forces-model-of-health-care- industry/> Threat of new firms is external factors that posses biggest challenge for company to deal with this effectively. Porter's five forces model 2Increasing costs of health care and medicines is the second biggest challenge facing by Virgin care service Ltd, that straitly affects on its financial budget and revenue. Increasing costs might be decrease the quality of products used by people that does not satisfied Virgin Care SWOT Analysis.2017.[Online]. Available through:<https://www.mbaskool.com/brand guide/pharmaceuticals-and-healthcare/ 10283-virgin-care.html> Maximizing costs is external factors, posses as threat for business. SWOT analysis model
consumers needs. Company is the leading brands in health care sector. Most of the people cannot be able to buy high cost medicines because of low income rate. 3Bargaining power of suppliers is high in health care sector because the overall business is dependent on their services provided, that bring challenge for company to fulfil their demands. Suppliers of medicines hold high or great bargaining power which affects Virgin care service company the most. The demand of products or healthcare services cannot be stopped because government and people in concerned about quality of individual life and health. Despite increase in healthcare prices, supply does not stop, so it means that suppliers can change the entire structure. Porter five forces model for health care industry.2017.[Online]. Available through:<https://www.porteranalysis.com/p orter-five-forces-model-of-health-care- industry/> High bargaining power or capacity of supplier is external element. Porter's five force Question 3.Identify and analyse the three solutions to the challenges facing your chosen company or service.(Total 300 words) Poin t SolutionsEvidence (financial, reports, news, best practice guidance, etc) Area (internal, external, competition, best practice etc.) Model(s)/Theory(ies) 1Virgin care service ltd, need to improve quality of health care Porter five forces model for health care industry.2017.[Online]. Available Internal areaPorter's five force
products as well as medicines in industry, they need to build strong position in market place by providing the best goods and set positive image in mind of people which make them able to retain with business, do not allow to drive towards new entrance. Organization need to make plan before the new companies impacts on their business. Management has to focus on promotional strategy in which they can spread information about their products quality better than others, it helps to assure consumers about business concern and quality of medicines. through:<https://www.porteranalysis.com/p orter-five-forces-model-of-health-care- industry/> 2Differentiation is the best solution for Virgin care services Ltd. When the cost of health care and medicines is increased they add valuable things for consumers which make them unique in Chege, F., 2016.An Investigation of Competitive Strategies Adopted by Small and Medium Enterprises in Kenya(Doctoral dissertation, United States International University-Africa). Internal areaPorter's generic model
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overall industry. They can offer some small products with medicines such as sanitiser and other things related to health care which drive people towards them when the price is high. In this strategy organization seeks to be different in their sector along some essential dimensions that is broadly valuable by peoples. They can provide the most required products to buyers along with medicines that helps to increase its profitability as well as consumer base. 3To reduce the bargaining power of suppliers, backward integration is the best procedure or appropriate solution through which firm get their suppliers to reduce volatilities in supply chain. With company controlling their suppliers, they can reduce scope for supply chain disruptions Bargaining Power of Suppliers – How Can It Be Reduced?.2019. [Online]. Available through:<https://www.sutisoft.com/blog/bar gaining-power-of-suppliers-how-can-it-be- reduced/> External areaBackward integration concept
effectively and bargaining power of service distributors as well. By spreading and diversifying their purchases, company can reduce power of suppliers greatly. Backwards integration is one of the best strategy used by business where by acquiring themselves with suppliers and produce of raw materials to control production costs and suppliers in procedure. Question 4.Explain how your company or service could practically implement one solution.(Total 300 words) Specific objectiveApproach (marketing, HRM, Operations, Practice etc.) Stage 1: Inputs, financial, technological, material, human. Stage 2: Actions and timeline Stage 3: Delivery and Evaluation Model(s) Virgin care service Ltd, wants to earn profit and increased their sales more than past few years. Marketing is the best approach and strategy used by business to reach target consumers and gain competitive benefits. With the help of best marketing plan company can increased their sales and profitability. They In order to achieve business objective requirement of skilled and qualified labour is very essential. Company need financial support as they offer additional services along with medicines purchased by consumers. Virgin care service Ltd, They need to used differentiation strategy. According to this strategy management of company plan to offer value add service, they can provide some other products or additional services to local people. Within 7 months To evaluate the effectiveness of chosen solution that is differentiation, they need to monitor ration of revenue, review feedbacks of buyers as well as suppliers about their healthcare services. They plan for delivering on time Porters generic model
need to set affordable prices for each products, chose the suitable promotional platform and provide quality products on buyers. Virgin care service Ltd used differentiation strategy in its selling operations, through advertising they can spread information related to new offer which they offering to people for retaining with business for longer. While using differentiation strategy, requirement of human resource management approach is higher, in which they need to focus on functional activities such as human resource planing and recruitment for hiring new applicants how are able to run the strategy effectively and provide better services to people. acquire advanced equipment and machinery in their business that helps to cater competitive and quality service to their clients. organization make changes in its current services structure accordant to strategy and take effective action. facilities in emergency situation, that helps to save life of people.
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Exam will be held in University on the last week of term, every student allow to bring notes 5 pages on site, there is example of notes. Exam will take 3 hours. https://vlearulondon.org/pluginfile.php/98847/mod_resource/content/0/model%20notes.pdf