Project management plan Essay Example | Topics and Well Written Essays - 1500 words

Project management plan - Essay Example An effective planning process offers details and facilitates in formation of the project work strategies along with ascertaining an approach to continue and achieve effective findings and objectives of the project (ANA Eastern Region, 2006). An effective project planning ensures to provide effective designs for future initiatives in order to clarify project goals and it also enables to develop the vision of the processes which facilitate to attain the ultimate project objectives. It also evidently enables to identify different issues and provides efficient alternative courses in order to address those issues. Moreover, an effective project planning process further enables to make best utilisation of the resources and it also plays a major role in motivating workforces to effectively utilise the resources and assign responsibilities to achieve the ultimate outcome of the project (ANA Eastern Region, 2006). In terms of preparing an effective plan for ethnic marketing activities, projec t planning stage can also identify certain impacts that can lead to provide substantial benefits towards the organisation’s strategies. With this concern, innovation can be considered as one of the major beneficial aspects for conducting the plan for ethnic marketing to achieve sustainable position as well as to attain competitive advantage in the global market. Moreover, the project plan related to ethnic marketing is further beneficial to achieve substantial growth in the global marketplace due to the reason that there has been a rapid expansion of multicultural consumer segments across different regions (American Hotel & Lodging Association, 2010). Key Stages and Milestones Necessary to Complete Ethnic Marketing Project Plan...In terms of preparing an effective plan for ethnic marketing activities, project planning stage can also identify certain impacts that can lead to provide substantial benefits towards the organisation’s strategies. Key Stages and Milestones Ne cessary to Complete Ethnic Marketing Project Plan A successful and effective project planning considerably encompasses certain major stages. The planning stage in the project management process encompasses a series of activities which involves different elements/parameters of the overall project in order to make the project ready for the execution process. Project plan consists of three major activities such as: Risk Management Plan Quality Management Plan Issue Management Plan Change Management Plan Acceptance Plan Communication Plan Execution & Controlling Stage Project execution and controlling stage can be identified as a major phase where the resources and all project activities are implemented. Project Closing Stage The closing stage of the project management related to the ethnic marketing project is the final step which significantly aims to evaluate the implementation and the results of the activities of the overall project.

MNC Enters India Term Paper Example | Topics and Well Written Essays - 2000 words - 1

MNC Enters India - Term Paper Example The company is basically involved in selling quality home furnishing products and home appliances among others through various franchises and retail outlets. The best aspect about this company is that its products are not very costly and thus are quite affordable. The company is responsible for attracting huge figure of consumers in its various retail outlets due to the deliverance of quality products to them and also complying with their requirements at large. It can be apparently viewed in this similar concern that the company was able to attract around 770 million of consumers who visited various retail outlets of IKEA in the year 2012. The company has a total of 338 stores and includes 154,000 co-workers (Inter IKEA Systems B.V., 2012). This part of the paper will entail the tracking of the exchange rate of Indian Rupee in relation to the US Dollar. It can be apparently observed in this regard that there have been a lot of fluctuations relating to India’s exchange rate. Presently, the value of Indian Rupee has fallen to a new record of 64 per dollar. The value of Rupee has been undergoing major turnarounds during the preceding two years due to the reason of weakening conduct of financial activities. It is even expected that the value of Rupee can fall to as low as 70 per dollar which can create a major turnaround in the currency exchange rate (YCharts, 2013). The following pictorial representation shows that the level up to which the value of Indian Rupees has increased. From the start of the year 2013, the value of Rupee has fallen and this trend is continuing. On the basis of the above discussion, it can be affirmed that due to much fluctuations or variations especially in the exchange rates, the financial condition of the nation i.e. of India has been adversely affected resulting in generating financial downturns by a considerable