The scenario of this report is based on evaluating the importance of globalization for an organisation at the time of business expansion. These kind of project will assist in providing strategic direction to the organisation by considering:
- Construct a clear project aim, its objectives as well as timeframes based on given theme as globalization.
- Design a small scale research over the specified topic for British Telecom.
- Provide a recommendation based on overall conclusion of project.
- Determine reflection over the usefulness of the project.
INTRODUCTION
Globalisation is a process of doing international trade or entering on international scale. It also refers to a method in which individuals, services, thoughts and products are expanded and delivered across the world. This report is about British Telecom company. It is a multinational company of telecommunications which has headquarter in London and was founded in 1969. It's product are fixed line telephony, mobile telephony, broadband internet fibre optic communication, digital television and network services. It controls a various number of subsidiaries which are BT Ireland, BT Italia and Plus net. For this objectives and aims were created and according to it management plan will be designed which will be related to theme which is already choose(Shenkar, Luo, and Chi, 2014). By help of it, research on small scale will be conducted under which information and data will be gathered that will support the report further. At last according to this conclusion as well as recommendation which will help in increasing profit and productivity of a company .Moreover, this will also help in analysing performance of an organisation.
TASK 1
P1 Project Aims and Objective
Background of research
Globalisation is a process of doing business overseas or entering at an international platform. Here goods and services are being imported and exported internationally. This research is done on a company which is a British telecommunications industry. It is basically a communication industry that delivers services of mobile, broad band internet services and fixed line. It also provides subscription for television and IT services. This company has a successful international trade as they are delivering customers according to their taste and preferences with an affordable price. They also provide customers with innovative products according to trends of a market place. Globalisation has helps in expansion of business globally as importing goods will help in getting a brand image of a company globally(Crane and Matten, 2016.). They gave opportunities and challenges to business at an international level. It is also beneficial in increasing prevalence and speed of companies
Research Aim
“To identify the importance of Globalisation for expanding business overseas” A case study on British Telecoms.
Research Objective
- To evaluate the concept of Globalisation
- To determine impact of globalisation for business expansion.
- To identify the relationship between globalisation and expansion of business activities at international level.
Research Questions
- What is the concept of Globalisation
- Explain impact of globalisation for business expansion.
- What is the relationship between globalisation and expansion of business activities at international level.
P2 Project management plan
Project management plan
Project management plan is a document consist of various activities that are to be used to manage a particular project for a organisation. It is essential for a business organisation to effectively co-ordinate various business operations which leads in improving their overall performance(Hair Jr, and et. al., 2015). In this context, it is necessary for the chosen organisation British Telecoms to formulate effective project management plan in order to evaluate the effect of globalisation on their human resource department. The main purpose of this plan is to identify expected outcome and also helps chosen organisation British Telecoms in achieving their specific aims and objectives. There are certain factors which plays an important role in PMP is described as follows:
Cost
It is a factor which plays a important role in project management plan as it help an organisation in making the project successful in business environment. In this regard, it is essential for British Telecoms to manage projects effectively as it is essential for managing their business operations. It also helps in providing appropriate resources to their employees, which are essential for completing a project. There are many types of cost which are involved in project management like labour cost, operation cost etc. which are required to estimated properly in order to achieve specific outcomes from a particular project. It is also essential for chosen organisation to identify estimated cost effectively, so that it helps the chosen organisation in achieving their specific aims and objectives from a particular project.
Scope
In this regard, British Telecoms is operating its business activities at a global level so there are many opportunities for the chosen organisation to expand their business operation by formulating effective management plan in order to achieve their specific aims and objectives. This project management plan help an organisation in identifying impact of globalisation on their business operations. It also help an organisation in monitor and control all the factors which are essential for a business entity to complete its project efficiently(Cavusgil and Knight, 2015). In addition to this, it helps British Telecoms in identifying opportunities and also to use those opportunities to gain competitive advantage in a dynamic business environment.
Time
The project management plan is also helps a organisation in delivering their products and services on time. In this context, it helps British Telecoms in evaluating impacts of globalisation on their human resource department in a limited time frame. It also helps the chosen organisation in evaluating economic, cultural and ethical factors which are effecting organisations performance on a regular basis. So, this factor basically help a business entity in delivering their services in a desirable time period.
Quality
In according to this factor, it is essential for project manager to critically ensure quality of resources that they are using in their project management plan. In this regard, it is necessary for managers of British Telecoms to ensure quality of their products and services after considering globalisation factors. This factor will help an organisation in retaining their productivity for a longer duration.
Communication
It is a vital factor that helps a business entity in involving their employees and stakeholders in their project management plan, with a motive to achieve efficiency(Conrad and Bergey, 2014).
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