Investigating Globalization's Impact on Business Functions in Argos

This project investigates the multifaceted impact of globalization on various business functions within organizations, with a specific focus on Argos. The project begins with an introduction to globalization, its economic, cultural, and ethical impacts, and outlines the aims and objectives, including understanding globalization, evaluating its effects on Argos's departmental functions, identifying challenges, and recommending solutions. A detailed project management plan is presented, covering cost, scope, time, quality, communication, documentation, risk, and resources, along with a work breakdown structure and a Gantt chart. The research methodology includes both secondary research, analyzing sources on globalization's impact, and the plan for primary research. The project examines the effects on human resource management, marketing, operations and other areas, with findings and conclusions. The project follows the guidelines provided in the assignment brief and includes a project submission form, declaration of originality, and a comprehensive analysis of the subject matter.

PROJECT SUBMISSION FORM
This sheet must be submitted with your Project. Failure to complete, sign and
submit this form will result in a mark of ‘0’ for the Project.
Student Name
Student ID P
Assessor Name (Delete those not applicable)
Qualification
Unit Number & Unit Title Unit 6: Managing a successful Business Project
Project Title An investigation into the positive economic, cultural,
and ethical impact of globalisation on different
business functions (e.g. operations, marketing,
accounting, HR) within organisations
Date of Submission
By submitting this form and signing below, I declare that:
 I am the author of this Project and that any assistance I received in its preparation is fully
disclosed and acknowledged in this Project
 I also certify that this Project was prepared by me specifically for this course
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 I certify that I have taken all reasonable precautions to make sure that my work has not
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 I confirm that research resources are fully acknowledged
Signature: ……………… ……………………… Date: ………………………………
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GUIDELINES
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MANAGING SUCCESSFUL BUSINESS PROJECTS
An investigation into the economic, cultural, and ethical impact of
Globalisation on business functions within organisations
Prepared by
xxxxxxxxxx
Date
xx/xx/xx
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CONTENTS
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TASK 1 - PROJECT INITIATION AND PLANNING
Introduction
Globalization has emerged as a boon in improving the interconnectivity and accessibility of
different products and services that are distributed throughout the world. It has brought a
revolution in the style of living, working and buying. The implementation of globalization
practices however affects in different manners on the different functional units in any company.
The economic, cultural and ethical impacts that globalization has will be analyzed and
researched here accordingly (Nikolova, Rodionov and Afanasyeva, 2017). The organization that
will be evaluated in the research is Argos and this will be done with the objective to evaluate
what are the different kinds of impact that globalization has on the business functions of Argos.
Aims and Objectives
Aim
 To investigate and evaluate the various economic, cultural and ethical impact that
globalization has on the different business functions. A study on Argos.
Objective
 To understand the concept of globalization and its emergence.
 To evaluate the impact that globalization practices has on the different departmental
functions of Argos.
 To identify the potential challenges that might arise due to implementation of
globalization practices.
 To recommend appropriate solutions based on the challenges that were identified.
Project management plan
Project management plan is an essential tool in meeting the requirements of the project i.e.
objective by identifying different stages and critical aspects that have to be regularly evaluated.
Key stages of Project Management: There are five main stages of project management and
these are classified as Project Initiation, Project Planning, Project Execution, Project Monitoring
and Closure (Lina, 2018). These key stages help in completing phase by phase manner the
different activities that are required to be completed.
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The main advantages of using project management plan is that it helps in gaining a clarity
regarding the different work objectives that are to be achieved and also helps in clearly
segregating the different duties of the project members. The potential chances that the desired
objectives can be achieved also increases and optimization in the resource utilization occurs
which helps in developing and implementing correct budget distribution.
Critical aspects
Cost: Cost factor indicates the overall cost distribution on the required resources for research
completion and implementation of the findings. The current research would cost £650 for
conducting the research and £1500 for implementing the findings drawn.
Scope: Scope indicates the reach or extension of the research being conducted and the
conclusions being drawn (RICHNÁK, 2018). The findings of the research can be referred by the
different retail organizations operating in UK and will depict only the impact that globalization
practices have on the functioning of different organization units.
Time: There are multiple milestones that will have to be covered in the research and on an
approximate basis, the total number of weeks required for research completion are 11 weeks. The
research practices will help in meeting the true aims of the research.
Quality: The quality of the research mainly relates the relevance of the sources being used or the
analysis and interpretation activities being undertaken. In the present research, quality will be a
key aspect to be considered where the sources referred will be of utmost prevalence thus helping
in developing relevant and meaningful conclusions.
Communication: Communication at every stage is an instrumental part in ensuring that the
direction in which research is headed is checked and verified regularly. Her a well, the scholar
will regularly communicate the findings to the stakeholders, the management of the company
and to the supervisor of their research project.
Documentation: Necessary documents such as journals, questionnaire documents, responses
recorded etc. will be maintained regularly by the research which will help in ensuring and
verifying the work that researcher is doing (Sztorc, 2018). It will also become easier to gain the
feedback comments regarding the work that has been done.
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Risk: Risk indicates what are those areas or aspects that might act as barriers in the overall
research completion and how they can be adequately mitigates by analyzing their impact and
likelihood in advance. Failure in collection of data from accurate resources which will draw
correct results is the biggest risk which might arise and this will be minimized and eliminated by
the researcher in ardent manner (Lechner, 2016).
Resources: Researcher will require human resources, technical resources, equipment’s etc. that
are instrumental in the research completion and draw correct and justified measures accordingly.
Work Breakdown Structure
Work Breakdown Structure basically indicates that how different work activities are categorized
and sub- categorized into different headings and sub- headings. These denote different main
activities and further the sub-activities that need to be completed. For the existing research
project into exploration of the different activities that need to be completed can be identified in
following context:
Gantt Chart
Gantt chart basically denotes visual representation of the sequential flow in which activities will
move and the approximate time that will be taken for the completion of every activity (Žilić,
2018). It further indicates a critical path, which, if followed, can help in meeting the objectives in
a more optimized manner.
Activity Week
1
Week
2
Week
3
Week
4
Week
5
Week
6
Week
7
Week
8
Week
9
Week
10
Week
11
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Aim and
Objectives
Project
Management
Plan
Secondary
Research
Questionnaire
development
Data Analysis
Findings
Conclusion
Submission
Milestones
The milestones are those requirements which mainly indicate the key stages or stones that will
denote either completion or beginning of one particular stage of the entire project altogether.
These help in mapping the progress towards the completion of the research project. For the
current research project, the milestones can be indicated as follows:
Milestones Time Required
Aim and Objectives 1
Project Management Plan 2
Secondary Research 2
Questionnaire development 1
Data Analysis 3
Findings 3
Conclusion 2
Submission 1
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TASK 2 & 3 - PROJECT EXECUTION & CLOSE
Introduction
The research completion is an extensive process that requires analysis and integration of
different tools and techniques that are necessary for research completion and analysis. There are
two categories of research i.e. qualitative and quantitative research (Mičić, Totić and Halilagić,
2018). Qualitative research indicates the analysis of theoretical concepts and discussion which
does not focuses on the numerical data. Quantitative research on the other hand is inclined
towards analysis of numerical facts and figures that indicate a particular data trends. This kind of
research is mainly related to the analysis and interpretation of the different numerical data which
can be used to obtain the relevant results accordingly.
Then the concept of primary and secondary research emerges where the primary research
is denoted by the research conducted first hand. Here, researcher themselves conducts a research
where the original data is collected and interpreted. This data has not been collected before and
hence generates unique or new results. The secondary research on the other hand involves that
research which is conducted on the basis of analysis of research papers and journals that have
already been published and researched by other authors. Here an interpretation and analysis of
the existing data is used to draw relevant conclusions and findings.
Secondary Research
What is Globalisation?
Source 1 re the overall concept of Globalisation
Website investopedia.com
Weblink https://www.investopedia.com/terms/g/globalization.asp
Reliability Very reliable
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Summary Globalization is a very productive method of spread of technology, products,
services, jobs, information, etc. across the national borders as well as cultures. In
terms of economic, it can be described as an interdependence of countries around
the world fostered by free trade. Basically, it enables to businesses of a country to
expand their business operations in other countries. Currently many MNCs (Multi-
National Companies) are gaining very higher benefits from the globalization,
because it has given them opportunity to widely expand their services and products
in across the globe in order to gain appropriate profit.
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Source 2 re the overall concept of Globalisation
Website https://youmatter.world/en/
Weblink https://youmatter.world/en/definition/definitions-globalization-definition-benefits-
effects-examples/
Reliability Highly reliable
Summary According to this website, the overall concept of globalisation is very clear that,
speedup of exchanges and movements of goods, products, services, human beings,
technologies, cultures, capital etc. in across the world. This procedure is generally
known as globalisation. Basically, this globalisation has enabled to an individual to
achieve employment opportunity in another nation. On the other side, it has
enabled to a business also to run its business operations in another country for
gaining appropriate profit margins. Currently globalisation is increasing and
promoting interactions among various regions, countries and populations in all
around the world.
Source 3 re the overall concept of Globalisation
Website bbc.co.uk
Weblink https://www.bbc.co.uk/bitesize/guides/zxpn2p3/revision/1
Reliability Very reliable
Summary Globalization is generally a very productive way to interconnect all nations or
countries with each other by exchanging culture and trade. This is very essential to
a country for increasing its levels of economy. Currently government of the United
Kingdom considered globalization is a way for improving its GDP, because by
using term globalization, this country is gaining very higher foreign exchange.
Currently the UK is hub of many multinational companies and businesses, and the
globalization has enabled to these companies for running their business operations
in nations where they want to run.
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Overall Summary of all three sources re the overall concept of Globalisation
On the basis of all three different sources, globalisation is very effective way to a country
for gaining excellent foreign exchange in market place. In this modern and dynamic era, no
country can increase the levels of its economy and GDP without adopting the concept of
globalization. Currently it has enabled to a nation for expanding its business operations in
another nation, and this is really a very excellent thing about the globalization. Basically, anyone
cannot imagine this world without the term globalization.
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