GlaxoSmithKline and Google Joint Venture: A Business Project

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Managing a Successful Business
Project
Evaluating the major benefits and risk joint venture for
GlaxoSmithKline and Google in the UK
1

Contents
Explanation of the topic...........................................................................................................3
Aims and objectives..................................................................................................................4
Scope and limitation.................................................................................................................5
Resources and cost consideration...........................................................................................6
Project plan and Gantt chart..................................................................................................7
Risk Register.............................................................................................................................8
References.................................................................................................................................9
2

Task 1: project plan
Explanation of the topic
The project contains the risks and benefits from the joint venture, developed by the result of
globalisation. The joint venture is an alliance between two organisations, which is used by the
companies in order to gain access in the international market (Shankar, et. al., 2012). An
appropriate market strategy is necessary for the successful joint venture and to stay in the
competition for the long term. This project mainly aims at determining the risks, benefits of
the joint venture between the companies GlaxoSmithKline and Google. The joint venture
between these two companies will start on the basis of manufacturing of bioelectric
medicines. The name of the joint venture will be Galvani bioelectric. Headquarter of this joint
venture will be in the UK. By the end of 2023, the companies will start treating the patients.
The objective behind the selection of this topic is its persuasiveness and implication in the
global market. The joint venture is crucial in the international market and generally, the
companies opt for a joint venture in order to expand the business in the global market and in
order to increase the profitability. The selected topic is the best topic as both companies are
aiming at developing miniature implants in order to treat chronic disease (Venture, 2013).
Both the companies are leading companies in their sector hence the determination of risks,
objectives, benefits from the joint venture can be determined in an appropriate manner.
3

Aims and objectives
The aim of the project is to identify the challenges which companies face in the joint venture
and determination of opportunities which an organisation can grab by running the business in
a joint venture.
Aims
The key aim of the project is to determine the benefits, risks, threats and opportunities for the
GlaxoSmithKline and Google entering in the joint venture in the market of UK.
Objectives
To discover the joint venture strategies formulated by the companies for making the joint
venture successful.
To determine the key or main advantages from the joint venture of GlaxoSmithKline and
Google.
To identify the risks or threats for the GlaxoSmithKline and Google entering in the joint
venture.
4

Scope and limitation
The project contains data and evidence on the joint venture of the GlaxoSmithKline and
Google. Multiple books and resources will be used to gain understanding about the concept
of a joint venture and to determine the pros and cons of the joint venture of both the
companies. The limitation of this project is the limited sources and the outcomes from the
research may not be favourable for the joint venture.
5

Resources and cost consideration
Human Resource: Use of human resource is essential for the completion of the project on
time. For the attainment of the objectives of the use of the human resource is crucial.
Cost: For making the project successful it is crucial to make use of financial resources in the
right manner. Multiple activities will be performed for the completion of the project in a
suitable manner. Approximately the cost of $1000 the project will take to be completed
timely in an appropriate manner.
Information: Usage of the reliable and authenticated source is necessary in order to obtain
correct information (Hoffmann and Kumar, 2013). Primary as well as secondary sources will
be used for the attainment of the information about the joint venture of both the companies.
6

Project plan and Gantt chart
Project plan
Cost Approx. $1000 will be the cost of the
project
Scope For gaining understanding about the
GlaxoSmithKline and Google multiple
articles will access.
Time Time management strategy will be used for
the completion of the project on time.
Quality For the management of quality, various
strategies will be used
Communication There will be effective communication for
making the project successful
Risk For the management of risk, the risk
management strategy will be used.
Resources In the project, primary and secondary
resources will be used for the completion of
the research.
Gantt chart
Activity Starting date Ending date Duration
Introduction 15/06/2019 17/06/2019 3 days
Literature review 18/06/2019 20/06/2019 3 days
Methodology 21/06/2019 22/06/2019 2 days
Results 23/06/2019 27/06/2019 5 days
Conclusion and
recommendations
28/06/2019 29/06/2019 2 days
Reflections 30/06/2019 02/07/2019 3 days
Gantt chart
Duration in days
Activity 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Introduction
Literature review
Methodology
Results
Conclusion and
recommendations
Reflections
7

Risk Register
Risk Description Impact Mitigation
action
01 Schedule Delay in completing
the activities and
project on time.
Moderate Implementation
of time
management
strategy.
02 Objectives Fail to attain the end
objective of the project
High Primary focus on
the attainment of
the aims and
objectives of the
project
03 Cost The occurrence of
higher cost than the
estimated cost
Moderate Segregation of
cost for each
activity carefully.
04 Information Risk of wrong and
unauthenticated
information
High Reliable and
authenticated
information will
be used.
05 Strategic Risk Fail to use the
determined strategy
correctly
High The strategic
planning will be
done carefully to
obtain the correct
result from the
project.
8

References
Hoffmann, J. and Kumar, S., 2013. Globalisation–the maritime nexus. In The handbook of
maritime economics and business(pp. 65-94). Informa Law from Routledge.
Shankar, V., Carpenter, G.S. and Farley, J. eds., 2012. Handbook of marketing strategy.
Edward Elgar Publishing.
Venture, R.B.J., 2013. The Rainwater Basin joint venture implementation plan. Grand
Island, Nebraska.
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