Economic, Cultural, and Ethical Impacts of Globalization on John Lewis

This report investigates the positive economic, cultural, and ethical impacts of globalization on various business functions within John Lewis, a UK-based company. The report outlines project objectives, considering factors such as cost, quality, risk, communication, and resources, and utilizes Work Breakdown Structure (WBD) and Gantt charts for project management. It includes a project management plan detailing costs, timeframes, scope, risk assessments, and resource allocation. Furthermore, the report critically examines the project management plan and explains the application of Gantt charts and WBD. Qualitative and quantitative research methods, including questionnaires, are employed to gather data on globalization's effects, aiming to understand its influence on business functions like accounting, marketing, and human resources. The findings aim to identify the relationship between globalization and John Lewis's business functions, offering insights into how the company can leverage globalization for growth and development.

Managing A Successful
Business Project

Table of Contents

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TITLE
“What are the positive economic, cultural, and ethical impacts of globalisation on
different business functions within an organisation”.
INTRODUCTION
Globalisation is termed as the activity of integration among government, people and
companies. It is used to depict raising economic, political and social interrelation across cultural
and political boundaries. Through this, trade between nations is increasing day by day due to
which economy of the country is increasing in terms of GDP at a tremendous scale. John Lewis
is an employed owned company in UK. It is dealing in clothing, watches,cosmetics, furniture,
food, financial services etc. It was founded by John Spedan Lewis in the year 1929. This report
includes John Lewis objectives and aims. A project plan has been designed by considering the
factors like, cost, quality, risk, communication , resources etc. Additionally, WBD and Gantt
Chart is used for the winding up of the assignment on time. However, qualitative and
quantitative research is conducted to meet the set aims and objectives on time. This firm is using
various tools to examine research work as well as indicate on value of research is done to
achieve the objectives and performance (Adzic, 2011).
Design project objectives and aim for John Lewis.
Globalization is the process by which diverse culture can be bought for everyday contact
in the competitive world. It helps in increasing the GDP of the nation at a rapid scale. It directly
helps in growth and development of the economy due to which living standards of the public are
increasing day by day. In the cut throat competitive world economical, cultural and ethical
aspects, impacts of globalization are impacting positively in the business functions like,
accounting, marketing, human resource etc. due to which positive outcomes can be seen in the
market place. Diverse culture and ethical norms carried out in an organization helps the business
to run smoothly as well as goodwill is raised in the market. Organization functions like
operating, marketing and HR are also positively affected by globalization as it helps the business
associates to come up with new innovative idea in the market.
Aim:
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To identity the positive economic, cultural, and ethical impacts of globalization on
different business functions within an organisation (Brady and Davies, 2014). A study on John
Lewis.
Objectives:
 To understand the meaning of Globalization.
 To study the optimistic economical, ethical and cultural impact of globalization on
business functions like, Accounting, Marketing, Human Resource etc.
 To identify the relationship between Globalization and business functions of John Lewis.
Questions:
1. What is the concept of Globalization?
2. What are the positive economical, ethical and cultural impact of globalization on business
functions like, Accounting, Marketing, Human Resource etc. ?
3. What are the relationship between Globalization and business functions of John Lewis?
Project management plan (PMP) taking in consideration time, communication risk, scope, cost
and quality.
PMP is concerned with formal written material which contains all resources used,
necessary activities performed, manpower required etc. in implementing of specific project in
more effective and efficient manner in the competitive market place. It directly makes the task of
management easy as it search out important aspects of project management plan by overviewing
the project at the time of implementing it in the market. Here, are various other aspects like
scope, time, quality, communication , risk and resources included in formal document which are
explained as follows:
Cost: Cost is the backbone of every company, without money or funds it is not possible
for top level management to take decisions regarding expansion of business across globe
(Davies and Hughes, 2014). For smooth functioning of the business it is very necessary to have
enough funds with John Lewis. They can support monetary value either from reserve funds or by
investors so that insufficiency of funds does not occur in the market. In this case firm needs to
prepare budget in which cost incurred and expenses are mentioned in order to get a rough idea
how much actual money is required. Additionally, providing proper training and development
programs by investing huge amount on them it indirectly uplift the abilities, skills and
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capabilities to reduces the wastage of cost while carrying out project work. The statement
showing total cost incurred are discussed below:
Total Forecasted Budget
Particulars 2017-2018 ($)
Promotional expense 7000
Catalogues 1800
Implementing technology cost 17000
Training charges 8500
Advertisement expenses 6500
Research and Development 25000
Total Cost 65800
Time: Time plays a vital role in accomplishing project on due time. It help in assisting
business associates to meet set objectives and competitive advantages by completing all project
activities within the time frame set by the firm. It is very important for John Lewis to expand
their business globally so that competitive advantages can be achieved among their rivals in the
market. To identify time required to examine weather business functions like operations,
marketing, HR etc. are functioning smoothly or not critical path should be used by the
organization. Due to which employees are motivated and they make more efforts to perform
allotted roles and responsibilities within time period.
Scope: Globalization has created my scope for business to expand and explore their
business. By this business associates are able to work effectively and efficiently to meet the set
goals in the cut throat competitive world (Frankenberger and et. al., 2013). John lewis business
functions like, marketing, operations etc. are greatly affected by globalization due to which
productivity raised and profitability ratio increased . The ethical, cultural are creating positive
impact on organizational functions due to which business is flourishing international in the
market place.
Risk: Risk is involved in every business activity which indirectly hinder top level
management to meet it's pre determined objectives on given time period. Here, risk involve
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insufficient human resources, incomplete information , lack of employees support etc. Through
globalization business functions like marketing, accounting etc. are facing big challenges and
risk in order to meet the emerging needs of the customers. John Lewis is conducting research and
development activities in order to find out causes of risk in advance. It directly helps company to
design effective strategies in advance to deal with up-coming contingencies so that functions of
business does not get affected and productivity level does not decreases.
Resource: Effective resources in John Lewis motivates the organization to face the
challenges emerged due top globalization. Organization having sufficient amount of resources
which are, skilled employee, capital, funds etc. boost business associates to work effectively
business functions like, accounting, marketing etc. in proper manner. John lewis should utilize
resources properly by taking help from various departments and handle them respectively (Heger
and Rohrbeck, 2012).
Communication: Effective results can be achieved In John Lewis when there is two way
free flow of communication. By this staff members feels encouraged when there is transparent
communication regarding organizations objectives so that they can work effectively on to meet
the set goals on time. Globalization is affecting accounting, marketing, Human Resource and
operations functions due to which company is making certain strategies so that productivity
increase at a rapid scale. For this clarity in communication is necessary so that business
functions execution can be done accordingly.
Critically examine project management plan.
Basis Advantages Disadvantages
Flexibility If project management plan is
used by the organization then
effective productivity can be
raised as well as with the help
of qualitative and quantitative
research accurate and reliable
data can be gathered. It will
directly help the firm in
growth and expansion in the
If project management plan is
not used properly then
outcomes will be inflexible in
nature and market value of the
business is reduced
accordingly. The research
approaches used like,
qualitative and quantitative
will not be accurate and
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market. It helps the firm to
flexible in nature.
feasible for the researcher.
Reliability. If researcher use project
management plan then time,
risk, resources etc. used will be
correct and reliable and
authentic in nature.
If this is not used properly then
organization losses reliability
and incur heavy losses in the
market as well as effective
employees turn out ratio raises.
Explain Gantt Chart and Work Break down structure.
Gantt Chart: Gantt chart is a horizontal bar chart developed as production control tool.
It come into existence in the year 1917 by Henry L. Gantt who is a American social scientist and
engineer. John Lewis project management is assist by Gantt Chart . Firm uses Gantt chart as a
important tool as it helps in making suitable planning, tracking and coordinating particular tasks
in a project. Gantt chart is well known by visual project presentation in which project activities
are executed and break down on a chart. It directly encourage employees to perform assigned
roles and responsibilities so that desired goals can be achieved. John Lewis is adopting this tool
to gain competitive advantages among their rivals in more effective and efficient manner.
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Work break down structure (WBD): WBD structures is a chart that highlight
relationship between project activities executed in completion of projects. John Lewis uses
WBD as it predict results based on different scenario which directly guide top level to re think on
their current policies. It also helps to helps to achieve profitable outcomes in an business
associates.
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Research done by qualitative and quantitative approach in John Lewis.
The main methods of conducting an suitable research are Qualitative and quantitative
approaches. Research state as primary requirement of administration to conduct research so that
market scenario can be examined. On the basis of this it delivers business associates the results
which is rising profitability and sustainability in the market (Kiessling and Kolbe, 2011 ). Here,
are two types of research namely quantitative and qualitative which is carried out by the
organizations to meet the emerging needs of targeted customers in their current technologies.
Such kinds of research:
Qualitative research: Qualitative research is a effective method by which an firm
allocates knowledge in type of number code, image, name etc. this is ideal strategy which is
used by business associates because it helps in acquiring reliable information. Moreover, various
framework are utilized under this plan of action in order to accumulate data through poll,
interviews, questionnaire.
Quantitative research: Quantitative research is more based on numerical figures or
factual information. It is very helpful in preparing budgets for the entire organization with less
cash and time. It is focusing more on quality of the project it does not focus on mathematical
figures. By using this it is very easy to understand as there is no graph and numerical figure in it.
In corporate distinctive method is used for surveys. Examples: on the web, booth, paper and
mobile which incorporate face to face interviews, systematic observations and so on.
In John Lewis both type of research brings out productive results in the market. It helps
organization to satisfy the emerging needs of the customer in the competitive market place. Here,
business uses qualitative approach so that research can get realistic and authentic information
which can be used for growth and development. In this 50 respondents are chosen for the survey.
The qualitative and quantitative approaches both are used by the firm so that realistic and
feasible data can be gathered accordingly. It will help the researcher to get accurate information
if qualitative is used as it does not carry out mathematical data in it .
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Questionnaire:
1. Do you know the concept or meaning of Globalization?
 Yes
 No
2. Is globalization helping in the growth and development of the economy?
 Yes
 No
3. How globalization is affecting business functions?
 Creating more job employment.
 Raise in technology advancement
 Increasing cut throat competition
4. What are the negative impact of globalization on enterprise?
 Raising fluctuation in prices
 Job insecurity accumulate data
5. What are the impact of globalization on human Resource Management of John Lewis?
 Tax laws
 Corporate and cultural differences
6. What are the benefits of globalization to John Lewis?
 Raise GDP (Gross Domestic Product)
 Import and export of goods and services across the globe?
7. Which business functions of John Lewis are getting affected by globalization?
 Operational Function
 Marketing Function
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