Analyzing the Impact of Multinational Companies on UK Business

This report investigates the impact of multinational companies (MNCs) on the business environment of the United Kingdom, focusing on small and medium enterprises (SMEs). The study begins by outlining the aims and objectives, which include examining the role of MNCs in the UK economy, identifying both positive and negative consequences, and suggesting ways to mitigate any adverse effects on SMEs. The report then presents a project management plan, detailing costs, scope, time, quality, and resources, followed by a work breakdown structure and Gantt chart to visualize project timelines and stages. The methodology includes a literature review and data analysis to assess the effects of MNCs on competition, employment, and technological advancements within the UK business landscape. The conclusion offers recommendations for improving the working conditions of SMEs. The report utilizes various sources to support its analysis.

MANAGING SUCCESSFUL
BUSINESS PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1 (LO 1)................................................................................................................................1
P1 produce aims, objectives fro a chosen scenario.....................................................................1
P2 Description on project management plan that covers cost, scope, time, Quality and the
resources......................................................................................................................................2
P3 Produce work breakdown structure and Gantt chart with timelines and various stages........3
M1 comprehensive project management plan, milestone and project scheduling in terms to
accomplish aims and objectives..................................................................................................5
REFERENCES................................................................................................................................7

Topic- To identify impact of multinational companies on business environment. A case study on
United Kingdom.
INTRODUCTION
A multinational firm is a kind of the commercial organisation that works as to conducts
the business in the several countries (Kankaanranta, Karhunen and Louhiala-Salminen, 2018).
Thus, it can be said that the multinational companies are working as to provide the developing
countries the various benefits. Furthermore, the multinational partners are working as to provide
efficient support to provide advanced methods of conducting the business. In term to encourage
Multinational Corporation to make invest in countries the legal authorities takes the number of
the initiatives so that better services can be done. The main aim of this is to identify impact of
multinational companies on small and medium enterprise. This study has to be conduct of the
host nation as United Kingdom. Thus, it can be said that globalisation has wide impact on local
enterprise and the workers.
TASK 1 (LO 1)
P1 produce aims, objectives fro a chosen scenario.
Background of project
The present report is based on identify the impact of multinational companies on the
small and medium enterprise of UK. Thus, it can be said that multinational companies are
working as to create product and services effectively so that better revenue can be generated.
Therefore, they are taking the initiatives steps in order to provide better wages and to invest in
highly skilled workers. In this, the updated technologies bring in the use so that the working of
the firm can bring the major advantage to the worker as it is time and cost effective (Bournakis,
Papanastassiou and Pitelis, 2018). The multinational company only uses to hire the skilled
employees. This kind of the things can create the issues on the small companies as they do no
able to get the experienced and highly skilled employees.
In this, it can be said the impact of multinational companies can be in lower context.
Thus, the presences of newly arrived multinational enhance competition in the economy. In
addition to this, the many of the individuals wants to get the job in multinational companies so
that they can have greater opportunities in the carrier. These are the firm that are moving towards
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acquiring the technological advancement so that better result produced. The main aim of the
multinational is to bring reduction in the tax liability to the minimum level.
Aim-
To identify impact of multinational companies on business environment. A case study on United
Kingdom.
Objectives
 To investigate the role of multinational companies in the develop of the economy of the
United Kingdom.
 To determine negative consequences of multinational corporation towards the
development of the working of the small business enterprise.
 To determine the positive impacts of multinational corporation in terms to promote the
better working in the United Kingdom.
 To ascertain the ways that could help to reduce the impact of multinational corporation
and provide better working in small and medium enterprise.
P2 Description on project management plan that covers cost, scope, time, Quality and the
resources.
The project management plan will be defined as structured framework that is assistive in
terms to practising the aspect of initiation, planning, execution so that things can be done in the
effective manner. With the help of framing better aim and objectives the success to the particular
price can be determined. In this, the project management plan will be consisting of the following
factors and this are defined in present below context manner as-
 Cost- The budget to the project must be estimated in order to carry put the thing
effectively. The estimation will be helpful in terms to carry the all activities effectively.
Thus, cost of project, resources and all are need to be decided so that the firm can have
adequate resource.
 Scope- The present report is based on identification of the impact of multinational
companies on small and medium enterprise. This is needed to be done in order to carry
out the all activities in the better and attractive manner. Thus, the positive and negative
consequences of the multinational working on the small enterprise must be defined so
that better measures can be taken in order to reduction in the impact.
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 Time- This is one of the crucial element that helps to done the work in the effective
manner. There are number of the activities and in this each task must assigned the proper
deadline so that all things can be conducted in the better manner. The success of the
project is depends on the completion of the task on the proper time. The duration of the
all planning will be taken and further procedure will be taken effectively. The all task is
needed to be given the proper deadline and all things must be completed within the
proper deadline.
 Quality- The researcher should put their major consideration over the quality of the
project so that all things can be done in the better manner (Huang, 2018). In addition to
this, quality standard must be considered so that quality of the project can be maintained.
The better and effective information work as to obtain the quality results so that things
can be taken in better manner. The researcher has to collect all information specifically so
that there can be possibilities to maintain quality among the research.
 Communication- The better communication is essential in order to conduct the things in
the proper manner. In this, it can be said that the each task is dependent on working of the
each other. The all employee under the researcher are must be communicated effectively
so that the things can be taken effective. The proper communication leads to have
positive impact on research outcomes.
 Resources- In order to frame the project in the effective manner it is essential to have the
all adequate resources as man, labour and capital so that all activities can be carried out
effectively. In terms to have proper resources, it is essential to have the proper funding so
that each activity can be carried out in the better manner. In this term, resources are the
things that are inclusive of the things that help to collect research in the better mode.
P3 Produce work breakdown structure and Gantt chart with timelines and various stages.
The work breakdown structure in project management plan will be helpful in term to
divide the project in smaller components (Bournakis, Papanastassiou and Pitelis, 2018. T). In this
term, it can be said that the project management plan is key project deliverable that leads to
manageable sections. In this, the project management plan will be defined in below presented
manner as are-
Task Task Name Duration Start Finish Predecessors WBS
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Mode (in days)
Auto
Scheduled Research Project 70 Thu
9/13/18
Wed
12/19/18 1
Auto
Scheduled Preparation 19 Thu
9/13/18
Tue
10/9/18 2
Auto
Scheduled
Topic Selection For
Investigation 8 Thu
9/13/18
Mon
9/24/18 2.1
Auto
Scheduled
Analysis Of All
Associated Problems 6 Tue
9/25/18
Tue
10/2/18 3 2.2
Auto
Scheduled
Establishment Of
The Time Schedule
For Resource
Allotment
5 Wed
10/3/18
Tue
10/9/18 3,4 2.3
Auto
Scheduled Execution 56 Wed
10/10/18
Wed
12/26/18 3
Auto
Scheduled
Analysis Of The
Views Which Are
Provided By Various
Authors For Particular
Matter and Literature
Review Writing
10 Wed
10/10/18
Tue
10/23/18 5 3.1
Auto
Scheduled
Selection Of
Research Methods 15 Wed
10/24/18
Tue
11/13/18 5,7 3.2
Auto
Scheduled
Computing And
Determining All
Associated
Expenditure.
5 Wed
10/10/18
Tue
10/16/18 5 3.3
Auto
Scheduled
Analysis Of Data
And Its Interpretation 17 Wed
11/14/18
Thu
12/6/18 8 3.4
Auto
Scheduled
Evaluation Of
Outcomes 9 Fri 12/7/18 Wed
12/19/18 10 3.5
Auto
Scheduled
Closing Of Research
Project 8 Thu
12/20/18
Mon
12/31/18 4
Auto
Scheduled
Obtaining
Conclusion And
Relative
Recommendations
7 Thu
12/20/18
Fri
12/28/18 11 4.1
Auto
Scheduled
Providing Complete
Documentation Of
Obtained Results
5 Thu
12/20/18
Wed
12/26/18 11 4.2
Auto
Scheduled
Submission Of
Complete Report 1 Mon
12/31/18
Mon
12/31/18 13,14 4.3
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Gantt chart- This is term that can be defined that will help to illustrate the project in the term as
project schedule, process and all other things that helps to achieve the desire success (Alegre and
et.al., 2018). It is very assistive in terms to planning and scheduling the all process in the
effective mode. This is defined in the following ways as-
Work breakdown structure-
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M1 comprehensive project management plan, milestone and project scheduling in terms to
accomplish aims and objectives.
The project management plan is inclusive of the various terms that is inclusive of various
other things as initial phase, millstone, project scheduling and all other things that help to full fill
the business objectives. Thus, it can be said that specific project management plan will help to
conduct the better research. The better planning and action leads to get the desire aims and
objectives.
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REFERENCES
Books and Journals
Alegre, J and et.al., 2018. ALITE: Open Innovation and Experimentation in a Small Learning
Organization. Open Innovation And Knowledge Management In Small And Medium
Enterprises. 3. p.163.
Bournakis, I., Papanastassiou, M. and Pitelis, C., 2018. The impact of multinational and domestic
enterprises on regional productivity: evidence from the UK. Regional Studies. pp.1-12.
Huang, J., 2018. Foreign earnings management of US multinational companies: The role of
decision rights. Journal of International Business Studies. 49(5). pp.552-574.
Kankaanranta, A., Karhunen, P. and Louhiala-Salminen, L., 2018. “English as corporate
language” in the multilingual reality of multinational companies. Multilingua. 37(4).
pp.331-351.
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