Comprehensive Analysis: Globalization Impact on Money Gram Business

This report delves into the multifaceted impacts of globalization on the Money Gram business. It begins by outlining the aims and objectives of the study, focusing on economic, ethical, and cultural impacts on human resources. The report then presents a project management plan, detailing aspec...Read More

GLOBALISATION IN THE
MONEY GRAM BUSINESS

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
P 1. Aim and objective for chosen scenario. ..............................................................................3
P 2. Project management plan that covers aspects like time, cost, quality, communication,
risk, resources and scope.............................................................................................................4
P 3. Work breakdown structure and Gantt chart for time frame and stages for completion. .....5
REFERENCES................................................................................................................................8

INTRODUCTION
Globalization is the process of spreading products, information and business at a global
level across the globe which leads to higher operational efficiency, performance and
productivity. This study will highlight aims and objectives on project and also includes project
management plan. This further highlights work breakdown structure and Gantt chart.
MAIN BODY
P 1. Aim and objective for chosen scenario.
Background: Globalization helps in expanding business to different countries. Globalization
helps in gaining competitive advantage. Globalization impact labour migration in money gram
business.
Aim: To outline the positive economic, ethical and cultural impacts of globalization on the
human resource functions within Money gram business.
Objectives
 To outline the impact of globalization on the money gram business.
 To assess economic, ethical and cultural impact of globalization on HR.
 To identify the levels of labour migration between countries with increasing
globalization.
 To examine the impact of labour migration on HR of money gram business.
Questions
 How does globalization impact money gram business?
 How to assess economic, ethical and cultural impact of globalization on HR?
 How to identify the levels of labour migration between countries with increasing
globalization.
 How to examine the impact of labour migration on HR of money gram business?
Globalization helps in expanding the business at international level which leads to higher
sustainable growth and development of the business effectively and efficiently (Najam, Runnalls,
and Halle, 2016). It helps in building higher competitive advantage which leads to higher
operational efficiency, performance and productivity (Yúdice, 2018). It gives greater opportunity
to the business to adapt to different technology and economy which helps in higher operational
efficiency.

The impact of globalization on economy, society, ethics and culture within countries has
increased exponentially. The main resource to the organization is human resource which helps in
increasing the operational performance and productivity of business (Crane, Kawashima and
Kawasaki, 2016). With increase in globalization there is high demand of skilled human resource
into the organization who have skills and knowledge to perform work effectively and efficiently.
There are various cultural differences which influence the operations of business. The increase in
import and export of goods and services affect the economy growth (Smith, 2018).
Labour migration is one of the vital aspect of globalization. People move from one
country to another for better lifestyle and employment opportunities. Labour migration of
effective human resource who have desire skills, attitude and knowledge to perform the task
effectively. Human resource migrate from one country to another for better job opportunity and
earning (Stiglitz, 2017).
Labour migration basically refers to as mobilization of labour from one country to
another. Labour migration helps in development of economy which leads to development of
employment opportunities. Migration of skilled employees helps in economic growth and
development of economy (Eriksen, 2018).
P 2. Project management plan that covers aspects like time, cost, quality, communication, risk,
resources and scope.
Project management plan is a formal approved plan which helps in analysing and defining how
the project will be conducted in order to meet the desired target on time in the cost efficient
manner. It helps in defining the scope of the project and further it also helps in obtaining the
desired plan effectively and efficiently on a timely manner (Project Management Plan – The 12
Core Components, 2016). Cost: It is the process of estimating and analysing the cost allocated while conducting the
activities effectively in a cost efficient manner. It helps in predicting the expenses
attached while carrying out the study. Cost attached with stationary, human resource,
transportation, internet charges, research and data collection. The cost attached while
carrying out the study was $5000. Scope: the scope of conducting this study is very high. It helps in outlining the impact of
globalization on the money gram business. It will help in identifying the levels of labour
migration between countries with increasing globalization. It will also help in evaluating

the economic, ethical and cultural impact of globalization on HR. it will also help in
examining the impact of labour migration on HR of money gram business. Time: Time management is essential to organize the planned activities in an effective
manner to increase the productivity of the study. Project time management helps in
identifying the time attached in the completion of each activity. The project will be
completed in the 16 week time. Quality: Quality management means conducting the study in an ethical manner by
conducting the activities in the effective and efficient manner. It aims at maintaining
standards while conducting the study. The study will be conducted using specific
referenced in relation to the positive economic, ethical and cultural impacts of
globalization on the human resource functions within Money gram business. Communication: It is an effective tool which helps in communication information with
the clear set of guidelines and standards to the team in an effective manner using both
verbal and written communication tool. Communication tools like email, telephone and
meetings are used in order to communicate information effectively. Risk: The risk factor helps in identifying the risk attached while carrying out the study in
order to prioritize the event or activity. This helps in effectively identifying the risk. The
risk attached while carrying on the study is time constraints.
 Resources: Resource planning helps in ensuring that project will be completed on time
and budget. Resources like financial resource, human resource and operational resource
will be used to carry out the project.
P 3. Work breakdown structure and Gantt chart for time frame and stages for completion.
Gantt Chart:
Task Mode Task Name Duration Start Finish Predecessors Cost
Auto
Scheduled idea generation 10 days Fri 26-04-
19
Thu 09-05-
19 $100.00
Auto
Scheduled
Designing aim and
objectives 15 days Fri 10-05-
19
Thu 30-05-
19 1 $90.00
Auto
Scheduled developing team 5 days Fri 31-05-
19
Thu 06-06-
19 1,2 $80.00
Auto
Scheduled communicating ideas 6 days Fri 31-05-
19
Fri 07-06-
19 2 $200.00
Auto analysing market 15 days Fri 07-06- Thu 27-06- 3 $250.00

Scheduled 19 19
Auto
Scheduled market survey 20 days Mon 10-
06-19
Fri 05-07-
19 4 $750.00
Auto
Scheduled data collection 10 days Fri 28-06-
19
Thu 11-07-
19 4,5 $100.00
Auto
Scheduled analysing information 6 days Mon 08-
07-19
Mon 15-07-
19 6 $300.00
Auto
Scheduled capability of business 7 days Fri 12-07-
19
Mon 22-07-
19 6,7 $400.00
Auto
Scheduled HR planning 8 days Tue 16-07-
19
Thu 25-07-
19 7,8 $500.00
Auto
Scheduled operational planning 2 days Tue 23-07-
19
Wed 24-
07-19 9 $600.00
Auto
Scheduled marketing planning 3 days Fri 26-07-
19
Tue 30-07-
19 10,11 $1,160.00
Auto
Scheduled financial planning 4 days Wed 31-
07-19
Mon 05-08-
19 12 $50.00
Auto
Scheduled closure of project 1 day Tue 06-08-
19
Tue 06-08-
19 13 $20.00
Critical path:

REFERENCES
Books and journals
Eriksen, T.H., 2018. Globalization. In Handbook of Political Anthropology. Edward Elgar
Publishing.
Smith, K.E.I., 2018. What Is Globalization?. In Sociology of Globalization (pp. 3-10). Routledge.
Crane, D., Kawashima, N. and Kawasaki, K.I., 2016. Culture and globalization theoretical
models and emerging trends. In Global culture (pp. 11-36). Routledge.
Yúdice, G., 2018. The globalization of culture and the new civil society. In Cultures of Politics
Politics of Cultures: Re-Visioning Latin American Social Movements (pp. 353-379).
Taylor and Francis.
Stiglitz, J.E., 2017. The overselling of globalization. Business Economics.52(3).pp.129-137.
Najam, A., Runnalls, D. and Halle, M., 2016. Environment and Globalization: Five Propositions
(2010). The Globalization and Environment Reader, p.94.
Online
Project Management Plan – The 12 Core Components. 2016. [ONLINE]. Available
through:<https://www.projectengineer.net/project-management-plan-the-12-core-components/>