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Managing a Successful Business Project in Aldi's Organisation

University: Kensington college of business

  • Unit No: 6
  • Level: Undergraduate/College
  • Pages: 15 / Words 3792
  • Paper Type: Assignment
  • Course Code: BUS4002
  • Downloads: 47
Question :

This assessment will cover following questions:

  • Establish projects aims and objectives in the Aldis organisation.
  • Aldi is a retail supermarket. Conduct a small-scale research and collect data to generate knowledge to support the projects.
  • Reflect on the value gained from conducting the projects and it usefulness to support sustainable organisation performance.
Answer :
Organization Selected : Aldi

INTRODUCTION

Globalisation is process that works as interaction and integration within people, companies, and legal authorities (Prashantham, Eranova and Couper, 2018). It is focal point that refers as free movement of goods, services and people across the world. With help of it, there can be greater use of outsourcing and offshoring of productions by undertaking of development of global brands that serves the markets in lower, middle and higher income countries.

The present report will look over to identify the positive economic, cultural and ethical impacts of globalisation on business functions. The report will focus on business activities of Aldi's, it is global leading and engaged in retail sector. The main aim behind conducting this research report is to analyse the impact of globalisation so effective working within departments of organisation can be possible.

P1 Devise the project aims and objectives.

The present report is based on impact of globalisation on various function of business enterprise. It is extension, integration of the cross broader international trade, culture and investment (Giddens, 2018). Therefore, Globalisation will put major impact on working of Aldi's and there can be possibilities of steep rise in prices of commodities and services. Further, the following objective are framed in following manner as-

  • To understand meaning and importance of globalisation.
  • To access the negative and positive effect of globalisation within business functions.
  • To suggest ways to promote sense of awareness in culture, global economic interdependency and international cooperation.

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P2 Project management plan

Activity

Task Name

Proceeding Activity

Time frame (in days)

Research Project

80 days

   

Planning stage of project

30 days

   

A

Choosing topic or theme

-

7 days

B

Choose problems in carrying out research

A

6 days

C

Setting the time duration

A, B

4 days

D

Cost analysing

C

7 days

E

Allocation of resource

D

6 days

Execution phase of task 

50 days

   

F

Investigating literature review

E

7 days

G

Chosen of research description

E

12 days

H

Gathering of reliable information and figures

F, G

13 days

I

Composing information in proper structure

H

7 days

J

Interpretation of information and figures

I

11 days

Closing step of project

30 days

There are many aspects are covered in project management plan such as costs, scope, time, quality, communication, risk and resources etc. with the help of it, project is successfully done.

Costs: It is necessary to determine costs of projects. Manager of project needs to overall factors are identified such as raw material costs, labour cost etc.

Time: Time is most important aspect in managing project. Therefore, this project is completed in 80 days. Project manager make sure that project is completed on fixed time frame (Polonsky and Waller, 2018).

Quality: It is necessary to improve quality of projects. So that, project manager of this task make sure that focusing on quality for completing project on timely.

Risk: It is necessary to determine and control of risk for completing project on time. For overcoming risk, manager follows different techniques for project completion.

P3. Produce a work breakdown structure and a Gantt chart to provide time frames and stages for completion

Work break down structure

Illustration 1 Work break down structure

Implementation plan

Activities

1st week

2nd week

3rd week

4th week

5th week

6th week

7th week

8th week

Framing aim and objective

               

Scope statement

               

Resource management

               

Data collection

               

Research methods selection

               

Data analyses

               

Conclusion and recommendation

               

Final edition and submission

               

Gantt chart

Gantt chart2

Network Diagram:

Network Diagram3

Illustration 2: Network Diagram

P4 Small scale research information to demonstrate data collection and analysis

Research philosophy: It is the phenomenon of gathering and analysis information in research topic. It helps the researcher in deriving ways of managing systemic data collection and analysis during investigation. Research philosophy is of different types like, realism, positivism, interpretivism, etc, where interpretivism research is able to analyses topic which is of human interest. Further, Realism philosophy of research relies on the idea of Independence reality from the human mind (Research Philosophy, 2018). However, in positivism scholar is able to analyze naturalist of topic on the basis of properties and nature. Therefore, this study is supported by interpretivism philosophy where student will precise economic, cultural and ethical impact of globalization on Aldi, the retailer of United Kingdom.

Research approach: It is planned procedure of conducting investigation which enables smooth integration of different facts and objectives of study. There are generally two type’s approaches that are inductive and deductive where inductive approach is based on model, theories and evidence. Deductive is based on hypothesis which helps in comparison of two dependent and independent variables. Thus, this investigation is based on inductive approach where the data will be analysed in with the help of evidence and different theories related to research topic.

Sampling: It is classification of applicable source to choose appropriate different sample or investigation. There are various type of method of sampling like, cluster, probable, stratified, random, etc. (Hanvey, 2018). Thus, this study will be based on random sampling methods as it reduces the chances of getting biased outcomes. Thus, the sample of study is 20 employees of Aldi from different departments.

Data collection: It is the process of collecting information on research aim which is todetermine positive cultural economic and moral consequence of globalization on Aldi. Data collection is don tin two ways like, primary and secondary where primary is based on information collected by authors in past and is collected via governmental publication, books, articles, journals, blogs, etc. (Hanvey, 2018) Apparently primary data collection is supported by current information which is gathered by student with the motive of answering objectives of research and question. It is collected via interview, focus group, survey, etc. In this research scholar conducted interview of 20 sampled respondents of Aldi.

Data analysis: Analysing collected information is most critical part of stud because in this it is necessary for the investigator to secure validity and reliability of gathered information. Two ways of analysing information that is qualitative and quantitative where quantitative is numerical and quantitative analysis of collected information. It is helps in outlining significance of research variables (Coolican, 2017). Further, qualitative analysis is descriptive in form and is interpretation of accumulated content. Thus, in this research researcher implemented use of qualitative analysis where collected information is analyzed with the help of thematic analysis which is the systematic way of critically outlining views of all respondents.

P5 Analysing research and data

Questionnaire

Name

Age

Gender

Demographic Profile

Q1. Do you believe that economic, cultural and ethical impact of globalisation has good impact on function of Aldi?

· Strongly Agree

· Agree

· Strongly Disagree

· Disagree

Q2. Do you agree that cross-border business operations of Aldi leads to increment in sales?

· Strongly Agree

· Agree

· Strongly Disagree

· Disagree

Q3. Among following factors, which has positive impact of international operations of Aldi?

· Increase in revenue

· Customer satisfaction

· International reach

· Increase in profits

Q4. Do you believe from the fact that cultural and ethical impact have much influence on Aldi's operations?

· Strongly Agree

· Agree

· Strongly Disagree

· Disagree

Q5. By making cross-border operations, do you think that competition is maximised due to globalisation?

· Strongly Agree

· Agree

· Strongly Disagree

· Disagree

Q6. Do globalisation has positive impact on business functions of Aldi?

· Yes

· No

Theme 1- Economic, cultural and ethical impact of globalisation has good impact on function

Q1. Do you believe that economic, cultural and ethical impact of globalisation has good impact on function of Aldi?

Respondents

Strongly Agree

7

Agree

6

Strongly Disagree

5

Disagree

2

Total

20

Interpretation-

Interpretation4

It can be analysed from the chart that 7 respondents strongly agree that economic, cultural and ethical impact of globalisation has positive impact on company. 6 respondents agree that economic, cultural and ethical impact of globalisation on business functions. On the other hand, 5 respondents strongly disagree that globalisation has no impact on business. Moreover, 2 respondents also said the same.

Theme 2- Cross-border business operations of Aldi leads to increment in sales

Q2. Do you agree that cross-border business operations of Aldi leads to increment in sales?

Respondents

Strongly Agree

6

Agree

7

Strongly Disagree

4

Disagree

3

Total

20

Interpretation-Interpretation5

It can be analysed from above chart that majority of respondents are of the view that cross-border operations are helpful in increasing sales of company. 7 respondents also agree with the statement. While. 4 said that cross-border business operations do not lead to increase in sales. 3 also disagree with it.

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Theme 3- Revenue is increased because of international operations of Aldi

Q3. Among following factors, which has positive impact of international operations of Aldi?

Respondents

Increase in revenue

11

Customer satisfaction

3

International reach

2

Increase in profits

4

Total

20

Interpretation-

Interpretation6

The above chart clarifies that 11 respondents believe that revenue is increased due to international operations of Aldi. 3 participants said customers are satisfied and 2 answered that international reach is possible. On the other hand, 4 said profits are increased due to global operations of firm.

Theme 4- Cultural and ethical impact have much influence on Aldi's operations

Q4. Do you believe from the fact that cultural and ethical impact have much influence on Aldi's operations?

Respondents

Strongly Agree

8

Agree

5

Strongly Disagree

4

Disagree

3

Total

20

Interpretation-

Interpretation7 

It can be assessed from the chart that 8 respondents strongly agree that cultural and ethical impact have influence on operations of Aldi. 5 also said the same. On the other hand, it can be analysed that 4 participants strongly disagree with the fact. While, 3 respondents answered that disagree with the fact.

Theme 5- Competition is maximised due to globalisation

Q5. By making cross-border operations, do you think that competition is maximised due to globalisation?

Respondents

Strongly Agree

8

Agree

6

Strongly Disagree

4

Disagree

2

Total

20

Interpretation-

Interpretation 8

It can be assessed that cross-border operations has maximised competition up to a high extent. 6 said that competition is increased due to globalisation. On the other hand, 4 respondents strongly disagree that competition is not affected and 2 of them answered also in the same manner.

Theme 6- Globalisation has positive impact on business functions of Aldi

Q6. Do globalisation has positive impact on business functions of Aldi?

Respondents

Yes

13

No

7

Total

20

Interpretation-

Interpretation 9

It can be interpreted that globalisation has positive impact on business functions of Aldi. This is evident from the fact that 13 respondents said that it has globalisation has increased operations up to a high extent. While, 7 said that globalisation has no positive impact on business function of Aldi.

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P6 RECOMMENDATION and CONCLUSION

From the above analysis it is recommended to Aldi that globalisation is very important for the businesses to consider because it makes the business more efficient as well as profitable. They should follows globalisation because it leads company to fight from the competition and sustain in the market for long time. Globalisation develops the opportunity for free trade across the world. This is also the reason why Aldi should follow globalisation. IT gives new opportunities for importing as well as exporting goods and services across the world. Communication is also one the most powerful driver of globalisation.

Globalisation also leads to economic enhancement because it offers new chances to business to connect them to new markets across the entire world. Adldi by foll wing globalisation can easily enter and make there contact with new market in other countries. It also creates cultural diversity within organisation. Cultural diversity is the good sign of the businesses. Globalisation also provides procurement as well as outsourcing which is also one the best benefit for the company. The development and growth of global market as well as progressions in intercultural communication makes a wealth of business along with more trade opportunities and cheap labours.

Globalisation also leads to acquire natural advantages such as it increases the market images of company, it raises the profit of the company, it also raises the sales of the company etc. Thus, globalisation is very useful for Aldi Company to expand their business across the world. Globalisation is also develop the opportunities for the company to acquire new and advance technology for Aldi because when company used to make connection with other country in terms of trade, automatically the innovation will be present which is benefited for host company. Thus, globalisation leads positive effect on the business and Aldi should acquire the advantages of globalisation.

Further it could be concluded that company should be considering the negative and positive side of globalisation so that they could be having knowledge and interest of the topic. In addition to this it could also be analysed that company should be having knowledge that all the departments of it are to be impacted with effects of globalisation. As this is the most important topic for company which will be deriving foreign capital and including the investments done. There will be many factors which derive globalisation within the context of company leading to wider context of company and increased on number of profits and investments as well. Lastly it could be suggested that ALDI should be recruiting staff who are having importance in culture and global impact so that they could be having knowledge leading to globalisation.

P7 Reflect and learning from research

From this report, I have learned that positive economic, cultural and ethical impacts of globalisation on business operations. I have knowing about globalisation and its impacts on organization. I have learned that positive and negative impact of globalisation on operations of business. I have knowing also promote awareness in culture, international economic and global function. I have learned about impact of globalisation on retail sector. I have known about expansion, segregation of cross wider global trade and investment. I have learned that identify impact of globalisation by adopting different approaches such as qualitative and quantitative. With the help of it, I have completed my project on time and low costs. By these approaches, I have known that way of overcoming of risk and utilization of resources. So that, I have clear learned about these approaches for analysis data that are given by different sources for completing task. I have learned about methods and techniques for cost, resources and effective communication for completing projects. I have known that way of utilization of resources and activity of labour for accomplish work on time. Through various approaches, I have learned that interpreted data or information by taking various sources such as primary and secondary for accomplish task. With the help of different approaches, I have gathered properly allocation of resources and costs analysis for effective project completion.

Students also like to read baout: Innovation and Commercialisation Process - Ragus Sugars

REFERENCES

  • Hanvey, C., 2018. Data Collection Methods. In Wage and Hour Law (pp. 19-46). Springer, Cham.
  • Coolican, H., 2017. Research methods and statistics in psychology. Psychology Press.
  • Prashantham, S., Eranova, M. and Couper, C., 2018. Globalization, entrepreneurship and paradox thinking. Asia Pacific Journal of Management. 35(1). pp.1-9.
  • Giddens, A., 2018. Globalization. In Sociology of Globalization. Routledge.
  • Polonsky, M. J. and Waller, D. S., 2018. Designing and managing a research project: A business student's guide. Sage publications.
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