Managing a Successful Business Project: MNCs' Impact in China

This project examines the impact of multinational companies (MNCs) on the business environment of China, focusing on globalization's effects, challenges for local businesses, and recommendations for sustainable growth. The project includes an introduction outlining the research background, aims, objectives, rationale, and significance. It details a project management plan, including cost, scope, time, quality, communication, and risk assessments. A work breakdown structure and Gantt chart are presented. The research employs qualitative methods, including a questionnaire to gather data from managers at Tesco plc. The analysis uses thematic analysis to evaluate the collected data and provide recommendations. The project aims to understand the impact of MNCs on China's business environment, offering insights into globalization, market dynamics, and strategies for business development. The research methodology involves both primary and secondary data collection to analyze the effects of MNCs on the business environment of the host destination.

Managing a Successful Business
Project

Table of Contents
TOPIC:.............................................................................................................................................4
How do multinational companies impact the business environment of the host destination e.g.
a country, region, city?................................................................................................................4
LO 1.................................................................................................................................................4
INTRODUCTION...........................................................................................................................4
Research background: ...............................................................................................................4
P.1 Aim and Objectives...............................................................................................................4
Rationale.....................................................................................................................................5
Significance of the Research.......................................................................................................5
P.2 Project management plan......................................................................................................5
P. 3 Work breakdown structure and a Gantt chart......................................................................7
LO 2.................................................................................................................................................7
P.4 Small- scale research. ...........................................................................................................7
LO 3:................................................................................................................................................9
P.5 Analysing research and data using appropriate tools and techniques...................................9
P.6 Appropriate recommendations and data analysis. .............................................................18
LO 4...............................................................................................................................................19
P.7 Reflect on the value of undertaking the research................................................................19
CONCLUSION..............................................................................................................................19
REFERENCES..............................................................................................................................20

TOPIC:
How do multinational companies impact the business environment of the host destination e.g. a
country, region, city?
LO 1
INTRODUCTION
Research background:
The main objective of conducting this study is to critically examine the impact of the
multinational companies on the business environment of the host destination. This study also
helps in effectively understanding the impact of globalization on the business. This study will
also examine the challenges faced by the local businesses of host country due to emergence of
multinational companies by applying effective research methodology. This research study will
give effective recommendation for sustainable growth of business (Caligiuri and Paul, 2017).
P.1 Aim and Objectives
AIM:
“To examine the impact of the multinational companies on the business environment of
the host destination (i.e. China) due to globalization of the business. A study on Tesco plc”.
Research Objectives:
 To evaluate the impact of globalization on the business.
 To critically examine the impact of the multinational companies on the business
environment of the host destination.
 To examine the challenges faced by the local businesses of host country due to
emergence of multinational companies.
 To give effective recommendation for sustainable growth of business.
Research questions:
 What are the impact of globalization on the business?
 What is the impact of the multinational companies on the business environment of the
host destination?

 What are the challenges faced by the local businesses of host country due to emergence
of multinational companies?
 What are an effective recommendation for sustainable growth of business?
Rationale
This research is conducted because globalization is the current issue which impact the
operational efficiency of the business. This research will also helps in effectively evaluating the
impact of the globalization. This research will also help in examining the impact of the
multinational companies on the business environment of the host destination to critically identify
the challenges for further recommendation. Further this research will be conducted for academic
interest which further leads to effective research methodology, survey, research background and
structure which will help in filling the gaps on the current knowledge and helps in in-depth
analysis on the particular subject matter.
Significance of the Research
The main benefit of this research is to attain goals and objectives of the particular subject
matter. It also helps in analysing the multinational companies and its impact on other hosting
countries. This research is further beneficial for multinational companies as it helps in analysing
and evaluating the impact of globalization. This research is also beneficial for local business,
agency to critically examine the impact of the multinational companies on the business
environment of the host destination. This study is also beneficial to understand how globalization
leads to increase in market share and is impacted by various business environment for
sustainable growth and development of the business.
P.2 Project management plan.
Project management plan is an effective schedule or time frame which helps in analysing
and executing the plan so that project can be executed, monitored, controlled and recommended
for smooth flowing of information and effectively conducted research in an efficient, true and
fair manner (Project Management Plan: Definition, Purpose & Examples, 2019). Cost: Cost management plan helps in effectively analysing and outline the cost associated
with each activities to effectively carry out the research to achieve goals and objectives.
Cost management plan helps in budgeting each task and allocate cost to each task, so that
there is no delay while conducting the research. It helps in planning and managing the

cost of the project effectively. researcher also focus on controlling cost and managing
variance (Yismalet and Alemu, 2018). This plan will help in controlling thresholds and
also leads to increase in the level of precision. The cost attached to conduct this research
will be $3000. Scope: The scope of this subject is very wide. This research study will help in gaining in-
depth knowledge on the particular subject matter to gain insight and wider scope on the
the impact of the multinational companies on the business environment of the host
destination. This study will not include any task or activity which is out of scope and
hamper the accuracy of the project. Time: Time management plan helps in effectively determining the time associated wit
activities to carry out research and achieve goals and objectives of the company. This
helps the researcher in assigning and defining time to all the activities. It also breakdown
the work structure in the organization to timely complete the task. The researcher will
complete the project within 16 week time. Quality: The researcher will conduct the research project with intact accuracy, reliability
and validity. Effective quality helps in reducing and eliminating risk which leads to
higher operational efficiency and standard of the research project. Researcher did not
harm any natural resources and the resources were optimally utilized. No harm and
damage was conducted to environment and human resource while carrying out the
research. Communication: The researcher of the study will conduct research by giving clear
guidelines and share information to effectively achieve goals and objectives of the study.
The researcher will set standards to carry out the project with authenticity, accuracy and
validity by making each member clearly understand their roles to complete the task
within stipulated time (Visser, van der Merwe and Gerber, 2016). Risk: Risk in project management plan helps in analysing the risk associated while
carrying out the research and take necessary decision and set action plan to reduce the
impact of risk while conducting research study. The key risk associated with the business
is that loss or threat of data, any physical injury or accident while carrying out the
research.

 Resources: Resources in project management plan helps researcher in optimally utilizing
the natural and human resource with reduced wastage. Resources like stationery, human
resource and financial resources to carry out the research study to achieve goals and
objectives with accuracy.
P. 3 Work breakdown structure and a Gantt chart.
Task Name Duration Start Finish Predecessors
Research proposal 1 day Mon 13-05-19 Mon 13-05-19
Aims and objectives 2 days Tue 14-05-19 Wed 15-05-19 1
Literature review 5 days Tue 14-05-19 Mon 20-05-19 1
Research methodologies 9 days Thu 16-05-19 Tue 28-05-19 1,2
Data collection 10 days Tue 21-05-19 Mon 03-06-19 2,3
Data analysis 3 days Wed 29-05-19 Fri 31-05-19 4
Data interpretation 4 days Tue 04-06-19 Fri 07-06-19 5
Finding and conclusion 6 days Tue 04-06-19 Tue 11-06-19 2,5
Recommendations 3 days Mon 10-06-19 Wed 12-06-19 6,7
Execute the plan 2 days Wed 12-06-19 Thu 13-06-19 8
Submission 1 day Fri 14-06-19 Fri 14-06-19 910
Gantt chart:
Critical path:

LO 2
P.4 Small- scale research.
Research methodology
 Research methods: The research methods is used to evaluate and examine the particular
subject matter. Research methods can be categorized into quantitative research methods
and quantitative research methods. Quantitative research methods is a systematic
investigation which is conducted using statistical and mathematical tools and techniques
(Quantitative and Qualitative Research Methods, 2019). Quantitative research can be
conducted using survey, investigation. Qualitative research methods do not use numerical
data. It helps in in- depth analysis through observation, interviews, investigation, focus
group, immersion, content analysis, oral history, open- ended surveys to expand and fill
gaps on the current knowledge of the subject matter (Kumar, 2019).
The researcher of the study has opt for qualitative research methods to gain in-depth
knowledge on the impact of the multinational companies on the business environment of the host
destination.
 Research approach: The research approach helps in analysing the relevance, reliably and
validity of the study. The research approach can be further classified into deductive
research approach and inductive research approach. Deductive research approach helps in
identifying the observation and test hypothesis by effectively identifying the research
patterns. This approach follows a specific path, i.e., theory, hypothesis, observation, test
and confirmation. Inductive research approach follows a specific route, i.e., observation,
pattern and theory. No hypothesis is applied while carrying out research. This research is

based on learning and gaining insight on the particular subject matter (Types of research
approaches, 2019).
The researcher of the study has opt for inductive research approach to analyse and evaluate the
impact of globalization on the business. Research design: Research design is an effective process to evaluate and formulate a
strategic plan to answer the research question and achieve the aim of the study with
higher accuracy and reliability. Research design will be further categorized into
exploratory and descriptive research design. Exploratory research design is conducted
when the research problem has been well well researched before and it the study need to
be explored further for more specific solution and understanding. Descriptive research
design is used by researcher to focus on in- depth study on the particular subject matter
(Descriptive Research Design: Definition, Examples & Types, 2019). The researcher of
this study opt for descriptive research design method for in- depth analysis and critically
examining the challenges faced by the local businesses of host country due to emergence
of multinational companies.
 Data collection: Data collection is a systematic framework to collect information from
the relevant sources to answer research questions and meet aim and objectives. It can be
further classified into primary data collection and secondary data collection. Primary data
collection is a source through which data is collected for the first time. It is a first hand
information and has never been used before by any researcher. Secondary data collection
is a data which has already been collected by the researcher and is used for further
investigation to fill the gaps on the current subject matter (Flick, 2015).
The researcher of this study has opt for both primary and secondary source of data collection to
analyse the impact of the multinational companies on the business environment of the host
destination.. The primary sources are interview, observation, experiments, questionnaire and
investigation. Secondary source is through newspaper, journals, articles, blogs and books. Sampling : The researcher will choose 20 mangers of Tesco plc. through random
sampling. Random sampling is an effective method to select participants randomly from
large population.

 Data analysis: Data analysis an effective process of inspecting, cleansing, interpreting
and modifying data for more useful and accurate information which leads to higher
decision making (Fletcher, 2017).
The researcher has opt for qualitative analysis where researcher will use thematic analysis to
achieve goals and objectives of the company.
LO 3:
P.5 Analysing research and data using appropriate tools and techniques.
QUESTIONNAIRE
Name:
Age:
Gender:
1. Are you aware of increase in multinational companies in China?
 Yes
 No
 Not sure
2. What according to you are the impact of the multinational companies on the business
environment of China?
 Better wages
 Employee retention
 Higher operational efficiency and productivity
 Higher market share and competition.
3. What according to you are the impact of multinational companies on business environment?
 Positive
 Negative
 Neutral
4. How does multinational companies impact local business?

 Labour force
 Lower cost
 Advanced technology
 Economies of scale
5. What according to you are the negative impact of globalization on local business?
 Employee turnover
 Increased market competition
 Adverse effect on local business
 Adverse effect on business environment
6. What according to you are the advantages of multinational companies?
 Better economic conditions
 Vertical affiliation
 Effective labour force
 Advanced technology and product range
7. What according to you are the challenges faced by the local businesses of host country due to
emergence of multinational companies?
 Income inequality
 Exploitation of workers
 Destruction of rich diversity
8. What recommendations would you suggest for sustainable growth of the business?
 Use of improved technology
 Effective training and development programmes for employees
 Optimally utilize the resources

Theme 1: Maximum number of mangers are aware of increase in multinational companies in
China.
PARTICULARS FREQUENCY
Yes 13
No 4
Not sure 3
Interpretation: From the above conducted research by 20 managers of Tesco plc it has
been concluded that, maximum number of mangers are aware of increase in multinational
companies in China. They said that this leads to increase in wages, higher technology, impact on
labour force, high improved technology, improved and quality range of products, effective
utilization of resources, improved business relationship, expansion and diversification. Other 4
managers were not up to date regarding the current business matters and trends. Remaining 3
managers were not sure about this particular theme and were not confident about their answer.
Yes
No
Not sure

Theme 2: Higher market share and competition, is the major impact of the multinational
companies on the business environment of China.
PARTICULARS FREQUENCY
Better wages 3
Employee retention 2
Higher operational efficiency and productivity 4
Higher market share and competition. 11
Interpretation: From the above conducted research by 20 managers of Tesco plc it has
been concluded that, 11 participants sought to agree with the fact that higher market share and
competition is the major impact of the multinational companies on the business environment of
China. They said that this leads to higher customer base, lower cost, diversification and
expansion of business. Other 4 respondents said that, higher operational efficiency and
productivity impose positive impact on business environment by effectively retaining productive
employees and using advanced technology. Other 5 managers (3+2) said multinational
companies leads to employee retention and better wages.
Better wages
Employee retention
Higher operational efficiency and productivity
Higher market share and competition.
0
2
4
6
8
10
12
FREQUENCY