Business Project: Analyzing Globalization's Impact on British Telecom

Desklib provides past papers and solved assignments for students. This project analyzes globalization's impact on British Telecom.

Managing a successful business project
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Table of Contents
INTRODUCTION........................................................................................................................3
ACTIVITY 1................................................................................................................................ 4
LO1........................................................................................................................................... 4
P1 PROJECT AIMS AND OBJECTIVES.....................................................................................4
P2 PLAN OF PROJECT MANAGEMENT THAT COVERS ASPECTS OF COST, SCOPE, TIME,
QUALITY, COMMUNICATION, RISK AND RESOURCES...........................................................5
P3 AND M1 WORK BREAKDOWN STRUCTURE AND A GANTT CHART WITH MILESTONE
AND PROJECT SCHEDULE......................................................................................................9
ACTIVITY 2.............................................................................................................................. 11
LO4......................................................................................................................................... 11
P4 SMALL SCALE RESEARCH BY APPLYING QUANTITATIVE AND QUALITATIVE RESEARCH
METHODS........................................................................................................................... 11
M2 RELIABILITY AND ACCURACY OF DIFFERENT RESEARCH METHODS APPLIED...............14
LO3......................................................................................................................................... 15
P5 AND M3 ANALYSE DATA AND RESEARCH APPLYING PROPER TECHNIQUES AND TOOLS
........................................................................................................................................... 15
P6 AND M3 COMMUNICATING RECOMMENDATIONS TO DRAW MEANINGFUL AND VALID
CONCLUSIONS.................................................................................................................... 20
LO4......................................................................................................................................... 24
P7& M4 VALUE OF PROJECT MANAGEMENT PROCESS OR RESEARCH...............................24
CONCLUSION.......................................................................................................................... 28
REFERENCES........................................................................................................................... 29
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INTRODUCTION
In modern times there has been increasing connectivity of the national economies that
result in the expansion of the international markets. The world economies have been
linked up with the expansion of international trade in the goods and services. This is
due to investments of the portfolio like international loans, stock purchase and foreign
direct investment. In modern times the global and multinational companies are trying
to sell and manufacture their products and services to people all over the world.
International marketing and business encourage franchising. It also promotes
international acquisitions and mergers. This also led to the growth and success of a
business and benefits the organizations. The globalization process involves various
activities like development of rapid technology that enables global communications and
developments in the transport and makes travelling easier and faster (Johnson and
Turner, 2010)
This research has been undertaken for the assessment of the impact of the positive
economic effects of globalization on the business functions within British Telecom. The
research project will devise aims and objectives with the relevant time frame on the
research theme that will also reflect a project management plan that will cover the cost,
quality, time and communication. The project will be critically evaluated with the
proper methodologies of the research. A Gantt chart will also be framed for producing a
work breakdown structure that will cover the different timeframes and stages. The
analysis will also be done for the data and information gathered with the help of the
research methods. Qualitative and quantitative research method will be applied to draw
conclusions and recommendations.
Background of the company
British telecom is the multinational organization headquartered in London. The
organizations are operating in more than 180 countries all over the world. It is the
largest provider of the fixed-line, mobile services and broadband in the UK and it also
provides the services related to the IT and subscriptions television. Thus it operates all
over the world and thus there are many factors that affect the business functions.
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ACTIVITY 1
LO1
P1 PROJECT AIMS AND OBJECTIVES
PROJECT TITLE: “Identifying the positive economic effects of the globalisation on the
business functions within the British Telecom”
There are the economic effects of the globalisation on the different business functions
like marketing, operations, HR and accounting within the British Telecom. Thus it is
important to have an understanding of the impact of the globalization on the different
functions.
Research has been carried out to identify the positive economic effects of the
globalisation on the business functions within British Telecom. The main aim of this
small business project is to recognize the positive economic effects of the globalisation
on the business functions within British Telecom.
The objectives of the business project are explained below:
1. To identify the positive economic effects of globalisation on the business operations
within British Telecom.
2. To assess the positive economic effects of globalisation on the marketing department
of British Telecom.
3. To identify the positive economic effects of globalisation on the HR and accounting
department of British Telecom (Bell, 2014).
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P2 PLAN OF PROJECT MANAGEMENT THAT COVERS ASPECTS OF COST,
SCOPE, TIME, QUALITY, COMMUNICATION, RISK AND RESOURCES
Project management is the set of well-defined activities that covers the plan and also
organising, executing, organising and controlling of the actions that are performed for
the temporarily. A project manager also ensures the proper conduction of the business
project for meeting the goals and criteria for the research in the provided time frame
(Kerzner and Kerzner, 2017).
Deliverables:
This business project will deliver the specific and relevant findings and results
according to set aims. There will be identification of the positive economic effect of the
globalisation on the different business functions like marketing, finance, HR, accounting
etc. within the British Telecom.
The scope of the project:
1. The business research is unbiased with analytical nature.
2. This research project can result in the assessment of the positive economic effects of
the globalisation on the different business functions within British Telecom.
3. The mixed and multiple methodologies will be used for the business project
Included scope:
The scope of the project includes the economic effect of globalisation and the business
functions like marketing, HR, Accounting etc. are included. The impact of globalisation is
assessed on these business functions.
Excluded scope:
This business research does not include the ethical and cultural impacts of the
globalisation and it also does not cover all factors of the business functions (Joslin, and
Müller, 2015).
Project objectives:
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For the establishment and carrying the research and to achieve the objectives SMART
method has been used that identifies the project and its objectives that are specific,
marble, relevant, achievable and time bounded.
Cost and activities involved:
ACTIVITIES AND TASK INVOLVED COSTS
Assistant to research £80
Project equipment’s £130
Indirect costs £120
Cost of administration £60
Overall costs of a project including
resources
£500
Total economic costs £890
Timescale and time management
the time provided to this business project is 10 February 2019 that will be considered
to complete the small business project and that will be completed before the set
deadline.
Required resources:
To complete and undertake the research project there are many resources that will be
needed. The main resources required for this small business project are the human and
technical resources as the staff will help to complete the research and helps in gathering
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the data and also technology like the internet will be needed to collect the information
from the different resources (Joslin, and Müller, 2015).
Cost and resources needed:
Resource Specifications Budget Cost
Management
resources
Financial Resource and support
from management
£1200
Miscellaneous
Resource
Stationary, charts for project
management
£1300
Machines and
Equipment
Record keeping equipment and
measurement machines
£1200
Information
technology
Computer, software and internet
network
£1100
Quality:
The business project quality can be ensured by applying the mixed methods. The
application of the different methods will ensure the reliability of the research and
thereby quality will be ensured. This will provide quality results.
Quality control:
The project will include all rules and laws. Moreover, the quality will be controlled by
project manage that will deal with effective planning and controlling of the project and
thereby quality will be controlled. (Lock, 2017).
Risk analysis:
The main risks that are in the project are the high cost and the delaying in the
completion of the research project. The risk in the project must be assured in context to
project quality as if the non-achievement of the standard criteria the aims and
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objectives will not be attained. The business project will be completed in the given
timeline assured in the Gantt chart.
Communication plan:
Communication is very important for the research project. There must be proper
interaction and communication need to be taken place. The project manager must
provide the briefing to the staff and the people who will conduct the primary research
that will ensure the better meeting of the aims.
The update will be communicated by the emails to the developers and employees on
monthly basis. The progress and evaluation report will also be communicated to the
managers through meetings research (Lock, 2017).
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P3 AND M1 WORK BREAKDOWN STRUCTURE AND A GANTT CHART WITH
MILESTONE AND PROJECT SCHEDULE
Work break down structure is the key deliverable of the project that organises and
manages the work of team into manageable units and divisions. It is the deliverable
oriented work division that need to be completed and executed by the team of the
project.
The work break down structure is prepared by the manager of the project that is the
most essential technique to divide the project into the different units and in the given
time frame research (Lock, 2017).
WBS (Action plan)
ACTIVITIES ACTION
TAKEN
START DATE FINISH DATE EXTENT
Activity 1 Project plan
preparation 10/1/2018 10/25/2018 24
Activity 2 Framing project
aims and
objectives 10/25/2018 11/5/2018 11
Activity 3 To decide the
type of data
collection 11/5/2018 12/5/2018 30
Activity 4 Work break
down structure
preparation 12/5/2018 12/26/2018 21
Activity 5 Data collection
through
primary and
secondary
research 12/26/2018 1/15/2019 20
Activity 6 Data analysis 1/15/2019 1/25/2019 10
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with the
different
techniques
Activity 7 Drawing results
and findings 1/25/2019 2/10/2019 16
Activity 8 Final meeting to
monitor the
progress of
research 2/10/2019 2/20/2019 10
GANTT CHART:
Task A
Task B
Task C
Task D
Task E
Task F
Task G
Task I
2/26/2018 4/17/2018 6/6/2018 7/26/2018 9/14/2018 11/3/201812/23/20182/11/2019 4/2/2019
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ACTIVITY 2
LO4
P4 SMALL SCALE RESEARCH BY APPLYING QUANTITATIVE AND
QUALITATIVE RESEARCH METHODS
The small scale research has undertaken by applying qualitative and qualitative
research methods. The primary research that is undertaken with the help of the focus
group representing the quantitative research and secondary research will represent the
qualitative research through literature reviews (Brannen, 2017).
The focus group questionnaire will be conducted with the help of the fifty respondents
and the data will be analysed and represented in the research project in meeting
research’s aims and objectives.
The secondary research will be accompanied with the help of reviewing different
journals, newspapers and online articles. This will be analysed with the help of different
tools and techniques (Denscombe, 2014).
QUALITATIVE RESEARCH
According to Giddens (2018), Globalization has a great impact on the growing
economies and for the industrialization. With the help of the globalization, there is the
establishment of the connectivity and uniqueness across the world. There are various
benefits of the globalization on the emerging economies. The world remains in concern
for any hazard or problem suffered by any one country. The global economy contributes
a lot to the growth and development of the host country. The international economy has
also put many efforts to maintain harmony and peace globally. Thus affects the growth
of the international companies and this growth is also attributed to the different
business functions of the business (Hill and Hernández-Requejo, 2008).
Garner, (2016), has reviewed the global economy depends on the trade and business.
The values of currency and trade flow affect the global economy choices of consumers
etc. IMF regulates the common pool of fund and uses some currencies which are stable.
Old and new products are showcased with the help of contracts of sale and the internet
in a short period of time. This economic benefit from the globalization provides a
positive effect on the business functions within the business organizations. The free
tariff benefit is carried in the business organization and this is used for the growth of
the different functions (Garner, 2016).
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According to Palazzo (2015), Globalisation has resulted in changes in the prices across
the world in different areas. Due to high competition, the prices of the products need to
be decreased and lowered and this affects the business operations. Globalisation has
also impacted the HR department of the business organization. The disposable income
of the people is affecting due to the economic effect of the globalisation and it is
affecting the number of jobs and their vacancies in the organization. The economic
effect of globalisation can also be seen in the accounting department of the business.
The new policies and systems need to be learnt and carried in the accounts department
within the business organization (Almond, 2017).
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