Impact of Globalisation on MNCs: A Business Project Management Report

This report delves into the intricacies of business project management, specifically examining the impact of globalisation on multinational corporations (MNCs), using Marks and Spencer as a case study. The report begins by establishing the aim and objectives, which include analyzing the external environment's influence on MNCs and exploring strategies for effective functioning in various economies. A detailed project plan is then presented, encompassing costs, scope, time, quality, communication, and risk management. The study further includes a work breakdown structure and a Gantt chart to illustrate project tasks and timelines. The research methodology involves both qualitative and quantitative methods, with data collection through questionnaires. The analysis of the collected data and the communication of recommendations form the core of the project, culminating in reflections to enhance learning and meet the project objectives. The report emphasizes the importance of understanding the business environment, conducting thorough research, and making informed decisions to achieve successful project outcomes in a globalized market.

Managing a Successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1: Devise the aim and objective for the scenario.................................................................3
P2: Produce project plan.........................................................................................................4
P3: Create work breakdown structure and Gantt chart...........................................................5
TASK 2............................................................................................................................................7
P4: Conduct small scale research...........................................................................................7
TASK 3............................................................................................................................................9
P5: Analyse the research by using appropriate tool...............................................................9
P6: Communicate the necessary recommendation for the research.....................................16
TASK 4..........................................................................................................................................17
P7: Reflect the research to enhance learning and meet the objective...................................17
CONCLUSION..............................................................................................................................17
REFRENCES.................................................................................................................................18
Logbook ........................................................................................................................................19

INTRODUCTION
The purpose of managing a business report is to utilise the abundant resources effectively
in order to maintain smooth functioning and achieve the desired outcome by conducting the
function like planning, organising and controlling effectively. The project management require
the critical task such as conducting research as well as investigation that can further assist the
firm to meet the objective and fulfil its scope successfully. Thus, they are responsible to figure
out the chances of risk and handle it by maintaining coordination and establish adequate strategy
(Ardichvili and et. al., 2012). For the better understanding of report Marks and Spenser company
has been selected which is multinational retailer that deals in home decor item, clothing, and
food items. This report cover topics like establish the aim and objective of company for the
selected theme. Collect the data and carry out small scale research. Moreover, present the report
and make appropriate recommendations to reach out meaningful conclusion. Further, reflect on
the values which are used to support the sustainable performance of an organisation are covered
in this report.
TASK 1
P1: Devise the aim and objective for the scenario
Globalisation refer to the open economy where the large multinational industries can
easily diversify their businesses or disperse their services from home country to various host
countries. It is basically a dynamic process that has led to the increase in foreign direct
investment by forming interconnection between the different countries successfully. This has
further improved the living standard of people by offering them wide employment opportunity,
enhanced the transportation platform and lead to better flow of information from various
communication channels (Bhabha, 2012). In relation with the large MNC's of United Kingdom
like Marks and Spenser has taken the advantage of globalisation in order to expand their
offering and mitigate the chances by analysing the external environment effectively. Thus,
existence of these companies are promoted by the local authority because it create job
employment in all countries across the world.
Aim
The aim of Multinational companies is to identify the positive as well as negative impact of the
business environment of host nations.

Globalisation has offered the wide platform with the help of which companies can trade
successfully within different region of an economy. But it is significant for the large companies
to analyse external environment such as political, social as well as legal factor because it can
directly affect the performance of business and can hamper its functioning. So for the vital
performance business determine the environment and make the suitable strategy which helps to
mitigate the chances of risk effectively.
Objectives
 To analyse the impact of external environment within the functioning of MNC's.
 To explore different ways by which the large companies of UK can perform its
functioning effectively in different part of an economy.
Questions
 Determine the impact of external environment within the large MNC's of UK?
 What are the various ways on the basis of which large companies can carry out it's
functioning effectively?
P2: Produce project plan
The purpose of project management plan is to prepared a documentation that consist of
the project activities like how the specific project will get planned, monitored as well as
implement to gain the best possible result. It basically consist of three things that include the
activities, task and resources which function simultaneously in order to attain the objective
successfully (Khan and et. al., 2015). Further, the current project of report which is about the
impact of globalisation within the host country. As there are several large MNC's of UK that
have global dominance so it is significant for them to understand the market and positively affect
the market by generating huge employment opportunity and fulfil the need of local residence.
There are certain aspects which are the part of project management that is defined below:
Cost: It is the monetary expenditure that company need to incur with the motive to attain
objective of project. Basically the large MNC's of UK like Marks and Spenser need to spend
35000 pounds so that they can effectively expand their services and positive affect the economy.
Scope: The current project has broad scope which can assist company to expand their
business effectively within different geographical market and various investments in host
countries that enhance the flow of fund and generate huge employment sources.

Time: The whole research work will take around 5 months to reach out the the objective
and gain desirable outcome by gaining the deep insights regarding the topic.
Quality: This is again one of the most significant tools that need to be focused by the
researcher as it help to fulfil the research objective. Here, investigator identify the ways on the
basis of which large companies to positively affect the host country so that they can exist for the
long run and conduct portfolio investment.
Communication: The researcher can interact with their team via email, video
conferencing, face to face meeting and so on (Marsella, 2012). These are all the official medium
to conduct the communication effectively.
Risk: Researcher can encounter with various type of risk like lack of financial resources,
confidentiality of information, lack of adequate knowledge to deal with the hurdle and so on.
Thus, the researcher need to focus on each and every aspect effectively.
P3: Create work breakdown structure and Gantt chart
Work breakdown structure: This structure is used while preparation of project as it
breakdown the whole topic into the smaller component. These are the manageable section which
are designed with the motive to conduct the each and every work effectively which further fulfil
the objective successfully (Briscoe, Tarique and Schuler, 2012). It is basically the hierarchical
way that divide the complex project into several roles and responsibility which create better
guidance and accomplishment the overall project objective effectively. In context to the large
multinational companies of UK can uses this structure while formulating the project as it
maintain accuracy, helps to figure out the overall time, cost as well as risk associated with the
project. This finally ensure that the team attain the certain milestones desirably. Therefore, this is
an useful practice where work is carried out in step by step form that finally break the large task
into smaller chunks which is considered as the easiest way that lead to the success of project.

Gantt chart: Gantt chart was first devised by the engineer named Henry Gantt after the
contribution of polish engineer. This chart gained huge popularity within the western countries as
it the effective as well as efficient way to represent the work into chart. It is basically the bar
chart that indicate the relationship between the different activities which are performed within
stipulated time period (Nankervis and at. al., 2016). The list of the different tasks are represented
on the vertical or Y axis whereas accumulated time interval are shown in the horizontal or X
axis. As the graph illustrate the overall time interval which refer to the summary elements that
constitute work breakdown structure of a project. The primary purpose of such chart is to
conduct the planning for different project that is scheduled for different dates.

TASK 2
P4: Conduct small scale research
Research methodology is a systematic way that help to collect the suitable information as
well as data in order to make effective business decision. It basically include different methods
like survey, interview round, published research and other valuable technique in order to
accumulate the information from various sources as well as ensure its validity and reliability.
The purpose of these tool and technique is to gather the effective data and perform the study by
collecting as well as evaluating the information successfully with the motive to attain the
objective (Chatterjee, 2013). Some of the common ways to carry out the research includes
survey, interview, observation and questionnaire method that help the investigator to gain better
perspective and give direction to the research work.
Research method: It refer to the strategies or the innovative technique adopted by the
researcher to collect the most suitable data and understand the purpose of research by uncovering
the new information or arena to work. Thus, it represent the action plan which are demonstrated
to attain the short and long term aim of an organisation by solving the various research problem.

There are different research methods on the basis of which firm gets the better insight to solve
the problem and fulfil the objective. The explanation of these method is demonstrated below:
Qualitative method: It is scientific method of research that gain the information which is
non numeric in nature due to which it uses the technique like observation, questionnaire as well
as survey method.
Quantitative method: Within this type of method research is represented in form of
numeric data or numbers. The application of quantitative method is used to attain the research
objective by using mathematical theories or model. Statistical method which is the part of
mathematics is extensively used within qualitative type.
Data collection: It is the process that help to gather as well as measure the information
in order to evaluate the outcome effectively. These data is gathered from the various sources and
is used to demonstrate the relevant picture on the basis of which firm can make the better
prediction or probability for future. Thus, there is primary and secondary source on the basis of
which investigator carry out the accurate research and maintain quality assurance by taking
informed decision.
Primary method: Here the researcher conduct the investigation for the first time due to
which it is also referred as first hand research (Cooke, 2012). This whole process involve huge
time as well as cost because the investigator himself involved in the research.
Secondary method: Within secondary research the investigator depend upon sources like
published information, website and so on to reach out the certain conclusion. It is relatively less
time and cost consuming process that is based on primary or interpreted information.
Sampling: It is process under which predetermined observation is selected out from the
huge population size (Ioannou and Serafeim, 2012). Herein, respected case study the sample size
is 40 which is selected on the basis of random sampling method. Thus, this is an effective way to
reach out to the solution as there exist no chance of biasses.
QUESTIONNAIRE
Q1) Do you have the understanding of term Globalisation?
a) Yes
b) No
Q2) Whether the term Globalisation is beneficial for large companies of UK?
a) Yes

b) No
Q3) Does the existence of external factors can affect the growth and development of
MNC's?
a) Yes
b) No
Q4) What are the advantage that company gains due to globalisation?
a) Enhance the market share
b) Economies of scale
c) Target new market
Q5) Determine the impact of globalisation within host countries?
a) Increase employment opportunity
b) Improve the living standard
c) Act as a barrier for home companies
Q6) Classify the role of globalisation in order to carry out worldwide trading?
a) Positive
b) Negative
Q7) What are the main external components on which the MNC's need to focus in order
to diversify their business effectively?
a) Socio cultural factor
b) Existence of competitors
c) Government rules and regulations
Q8) Recommend the ways on the basis of which large companies can expand their
business effectively?
TASK 3
P5: Analyse the research by using appropriate tool
THEME 1: Understanding of Globalisation
Q1) Do you have the understanding of term Globalisation? Frequency
a) Yes 35

b) No 5
a) Yes b) No
0
5
10
15
20
25
30
35
35
5
Frequency
Interpretation: Globalisation has created the interdependency between the various countries in
order to conduct the trading and maintain better relation with each other. It has helped various
developed and developing countries to enhance their infrastructure ad improve on the different
modes of communication. Thus, on the basis of survey most of the respondent have detail
understanding of the term globalisation as it has create huge job opportunity for both skilled and
unskilled workers.
THEME 2: Globalisation beneficial for UK companies
Q2) Whether the term Globalisation is beneficial for large companies of
UK?
Frequency
a) Yes 30
b) No 10

a) Yes b) No
0
5
10
15
20
25
30
Frequency
Interpretation: On the basis of above graph it has been analysed that amongst 40 respondents
30 of them agrees that globalisation offer various advantage to the UK companies. Some of the
significant benefit associated with it are increase in foreign direct investments, boost the
technology of nation as well as help the customer to cater the competitive market successfully.
Thus, it helped to connect the companies globally and carry out the trading with ease.
THEME 3: Existence of external factor in the growth of MNC's
Q3) Does the existence of external factors can affect the growth and
development of MNC's?
Frequency
a) Yes 25
b) No 15

a) Yes b) No
0
5
10
15
20
25
Frequency
Interpretation: External factor refer to those factor which are not in control of the firm but they
need to examine them and make effective strategy in order to expand the growth as well as
development of business. It include advancement in technology, changing preferences of the
target market, amendments in existing law, political stability and so on. So these factors can be
examine on the basis of various theories or model like Pestle analyses. Additionally, it determine
the actual picture on the basis of which firm can take the decision of diversification. Hence, on
the basis of responses most of the respondent that is 25 believe that external factor can affect the
growth of MNC'S whereas 15 does not accept the statement.
THEME 4: Advantage of globalisation
Q4) What are the advantage that company gains due to globalisation? Frequency
a) Enhance the market share 10
b) Economies of scale 18
c) Target new market 12