Managing a Successful Business Project Literature Review Report

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Added on  2023/01/20

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This report provides a comprehensive analysis of a business project, focusing on Nestle and its practices related to recruitment, training, and the impact of globalization. The report begins with a literature review defining globalization and its effects on businesses, followed by an examination of Nestle's recruitment, selection, and training methods. It also identifies the issues faced by Nestle in providing training to its employees. The methodology section explains the use of primary and secondary data, qualitative and quantitative research approaches, and data interpretation. The report includes recommendations for Nestle, such as selecting highly skilled candidates and conducting regular training sessions. The conclusion summarizes the positive influence of globalization on business functionality and profitability, highlighting the effectiveness of project management plans. The report includes a reference list of relevant sources.
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Managing a Successful
Business Project
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Literature Review
Concept of globalisation, recruitment, training and selection
According to the viewpoint of Philemon Kazimil Mzee (2012),
globalisation is defined as the non stop economic process, companies,
individuals or government that are structured in an integrated manner.
Globalisation affects the economy of a country and profit of business. In
context of recruitment and selection process of a company it is important
for every company to hire great talents who can achieve the goals and
targets of the company in specified time
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Cont.....
Different recruitment, selection and training methods used by Nestle
The work culture of Nestle is build around values like consistent safety, quality and respect. This
company wants employees who will never compromise on values. The vacancies for technical
openings of Nestle fall into two sections including factory operations and supply chain operations.
There are different methods by which Nestle fills it's vacancies which are online portals and on
campus recruitment drives.
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Cont.....
Various issues which are faced by Nestle in providing training to employees
According to the view point of Kalpan and Norton (2004), the major problem faced by recruitment
and selection process of Nestle includes poor HR planning. The HR planning converts business
strategies into particular HRM policies and practices. The key responsibility of HR planning is to
get more people who are having effective skills, experience and competencies in the right jobs at
the right time at right place. Each and every job in the company requires a thorough analysis that
includes job description and job specification.
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Research Methodology
Primary data & Secondary Data
It refers to the data which is original and collected by the researcher for very first time. Sources of this
type of data collection include personal interview, questionnaire, survey, focused groups,
observations and many more. It has been analysed that with the help of primary data, accurate and
reliable data is gathered by researcher but it takes lot of time and money.
Secondary data refers to the method for collecting data in which researcher gather all the information
from secondary sources. These information is already collected by some one else in advance.
These sources includes websites, books, journals, articles, newspapers and many more.
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Cont.....
Qualitative research
Qualitative data plays very important role in order to gather information for completing the research
effectively. In this type of research, collected data is examined by description of experience and
information. It is the type of data which is being gathered by researcher through personal
interview, observation, survey, focused groups, and many more.
Quantitative research
In case of quantitative approach, gathered data and information is analysed with the help of numerical
and statistical method. This type of data is usually collected with the help of questionnaire.
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Data Interpretation
Q 1) Are you aware with the concept of globalisation? Frequency
a) Yes 25
b) No 5
a) Yes b) No
0
5
10
15
20
25
30
25
5
Column B
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Q 2) Do you think, globalisation influence the process of
recruitment in NESTLE while international expansion of
business?
Frequency
a) Yes 20
b) No 10
a) Yes b) No
0
5
10
15
20
25
20
10 Column B
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Q 2) Do you think, globalisation influence the process of
recruitment in NESTLE while international expansion of
business?
Frequency
a) Yes 20
b) No 10
a) Yes b) No
0
5
10
15
20
25
20
10 Column B
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Recommendation
As per the above mentioned report, it has been identified that globalisation is a process which is quite
beneficial for both customers and businesses. In this context, researcher provide some
recommendations which will help the company in order to achieve their goals and objectives.
These recommendations are as follow:
According to the researcher, HR manager of NESTLE should select highly skilled candidates so
that they will be able to enhance the profitability of the company.
Apart from this, it is also suggested to the managers of NESTLE that they should conduct training
sessions on a regular basis. With the help of this, employees will be able to improve their skills
and efficiency.
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Conclusion
As per the above mentioned analysis, it has been concluded that globalisation is one of the most
effective process which highly influence the functionality of business organisation. In addition to
this, globalisation create various opportunities for individuals and companies in order to enhance
the profitability at competitive marketplace. It has also been examined that with the help of
Project management plan researcher will be able to attain their goals in an effective manner.
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References
Boyle, G., 2017. Design project management. Routledge.
Clinton, L. and Whisnant, R., 2019. Business Model Innovations for Sustainability. In Managing
Sustainable Business .(pp. 467-507). Springer, Dordrecht.
Crane, A. and Matten, D., 2016. Business ethics: Managing corporate citizenship and sustainability in
the age of globalization. Oxford University Press.
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