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Effective Management of a Successful Business Project

University: Harrods of London

  • Unit No: 6
  • Level: High school
  • Pages: 19 / Words 4690
  • Paper Type: Essay
  • Course Code: N/A
  • Downloads: 535
Question :

This sample will let you know about:

  • Discuss the issue of gender pay gap within the organisation.
  • What is Quantitative research?
  • What practices can enhance organizational performance?
Answer :
Organization Selected : Aston Martin

INTRODUCTION

Equality and diversity refers to an essential element or the pillar of an organisation as it helps people to achieve task with more concentration and potential. It helps in attaining desired goals in a defined manner as well as within given time period. In context of equality within workplace, employees get equal opportunity & treatment at the company which help them in performing their work with more capability and potential (Araten-Bergman, 2016).

Whereas, in case of diversity it has been said that employees have different background, religion and nationality and work together for a common goal. In the current report, the company which is considered is Aston Martin which was incorporated in 1913 and is a British organisation. While conducting the research report, investigator consider diversity & equality by developing aim, objectives along with effective  management plan, WBS and Gantt chart. Moreover, review of different literatures has been done for developing better understanding on the topic.

Research Aim:

“To examine way company responded to the present issue of gender pay gap at work and its impact on organisational performance. A case study on Aston Martin Lagonda.”

Research Objective:

  • To develop an understanding on equality and diversity at workplace.
  • To identify the way with the assistance of which company responded towards gender pay gap issue within company.
  • To analyse the influence of gender pay gap on performance as well as productivity of Aston Martin

Research Questions:

  • How to gain an insight regarding equality and diversity at workplace?
  • What are the ways with the help of which company responded to the issue of gender pay gap at Aston Martin Lagonda?
  • What is the affect of gender pay gap on the productivity as well as performance of Aston  Martin?

Literature review

Concept of equality and diversity

As per Boehm and Dwertmann, (2015), equality & diversity in an organisation play very important role as it assist in raising performance & productivity of all the staff members. Reason behind this is that there is no discrimination within the organisation which develop satisfaction among the employees.  It has also been said that every individual person have some rights within the organisation that help them to feel satisfied and motivated and gain ample number of growth opportunities. Apart from this, it has also been identified that diversity help in developing a linkage between different kind of human individuals and grab ample number of opportunities at the competitive marketplace. With the help of these practices, the higher authorities of an organisation builds positive culture and effective relationship among all the employees.

Ways company responded to the issue of gender pay gap within the organisation

According to the point of view of  Erickson and et. al., (2014),  it is determined that gender pay gap in a company directly influence the overall performance of the employees along with the organisation. There are various ways through which company can responded towards the issue which is gender pay gap at workplace. Some of the ways by which organisation can respond for the gender pay gap includes treat each and every individual equally, no discrimination on the basis of gender and so on. It has also been said that performance of employees must be reviewed on regular basis so that each and every individual will be motivated and encouraged for doing their job in an effective manner (Henry and et. al., 2014). Moreover, there should be some strategies & policies so that higher authorities of the company respond in a positive manner against gender pay gap which affect the overall organisational performance. Want to get help with your assignments ? Get Assignment Writing Help from our experts.

Effect of gender pay gap on performance as well as productivity of Aston Martin Lagonda

As per the information given by Ewoh, (2013), it has been identified that the success and failure of a business entity highly depends on the experience of employees working within the company. Skilled, productive as well as experienced staff members perform their business functions in such a manner that innovative and unique products will be produced which leads towards the growth of the company. Furthermore, it has also been said that due to gender pay gap, there is a negative consequence on the organisational performance which impact the whole image of an organization at the market. In context of Aston Martin Lagonda, it has analysed that due to gender pay gap within the workplace, company face negative impact on the presentation of their structure (Hebl and Avery, 2012). Therefore, it is very necessary for the top management team to develop strategies so that negative impact can be reduced.

It has been said that PMP is a kind of written representation or a blueprint which includes a detail description about various activities which is performed by the researcher for completing organisational goals and objectives. It consist of strategies, plans and policies which need to be considered by the managers of an organisation. There are some factors which are cost, size, risk, time period, resource, scope, quality & communication. All these elements are going to be discussed as follows:

Cost: In simple words, cost define as the total amount is needed by the investigator so that they can perform various functions in order to accomplished the objectives of the research in a proper way. In the present report in order to conduct the research for Aston Martin Lagonda, investigator requires approximately £60,000.

Scope:  It has been analysed that the future scope of this research is quite wide which assist organisation in performing their operating  functions in an effective and efficient way. In the present organisation which is AML(Aston Martin Lagonda), it has been stated that scope of the research is quite wide which help in grabbing ample number of opportunities (Hebl and Avery, 2012).  

Time: It is one of the most essential element which need to be considered by the researcher so that all the functions will be performed in timely manner. In the present context of Astron Martin Lagonda, for accomplishing the whole research in an efficient manner, investigator requires almost 6 months so that solutions will be developed in an effective manner.

Quality: This very crucial forresearcher as well as organisation to maintain the quality of collected data and information so that large number of individuals will share their thoughts and views. In the present research, investigator consolidates all the information and data from authentic sources which help in maintaining the quality. 

Risk: Risk refers to uncertainty of unknown situation. So,main risk associated with the research is the confidentiality of the information and data collected by the researcher. These information help in generating result which might get affected if there is any kind of negative publicity. Therefore, disclosure of crucial information should be avoided and confidentiality of research has to be maintain by the investigator to reduce risk.

Resources: There are various resources through which researcher might collect  information and implement the whole research in an appropriate manner. In the current context of AML, different resources includes human assets and capital, mobile, telephone, funds and many more so that all the work will be completed in a timely manner.

WBS:

The process in which the work is implemented by the project members for attaining the certain objectives and goals. The fundamental concept of this structure is to break-down the work into smaller tasks and it is also sub-divided into many tasks to achieve the project team work. However, this involves the better understanding and a detailed description of the project team and it is difficult for the new project members (Hewins-Maroney and Williams, 2013).

The work is divided in smaller segments which are distributed among different project team members that leads to the better productivity. This structure makes the larger projects into smaller sections which is achievable for the project management. It is a framework in which all the project reports are implemented and executed for the completion of the project in a definite manner. Do you want Assignment Example ? talk to our Experts !

Gantt chart:

This refers to representation of framework in a graphically manner of specified tasks which are performed during the project. It is presented on the bar chart which display the dates of tasks performed and a particular period of time. The Gantt chart is designed by the American mechanical engineer, Henry Gantt. It represents the horizontal lines and vertical lines in bar chart for accomplishing project in a time efficient manner.. In this chart , all tasks are totally dependent on previous task for the achievement of goals (Kulkarni and Gopakumar, 2014).

Quantitative Research

This involves quantifiable data and figures that is collected through surveys,  Questionnaire and interviews. Quantitative research collects information from  existing and present customers through Sampling. The data can be represented in analytical form. Through this research one can predict the future need of products that helps researcher to implement

or say start the research in an appropriate manner. Concluding this, quantitative research is of four types that is Descriptive, experimental, correlation and quasi experimental.

Qualitative Research

Qualitative Research is a research in which the researcher focus on quality of the product thus understands the behaviour or need of the customer and satisfied those need of customer. The research which is dynamic is considered as a Qualitative Research.

This research involves naturalistic as well as interpretive approach which directly mean that it develop and interpret meaningful research which is accurate as well as correct. The main motive of conducting qualitative research is to gain an understanding about individuals, culture or on  particular topic. Moreover, this research gives valuable data which is used by researchers so that they can gain relevant findings of the research in a defined manner.

 Data Collection

This is stated as a process  of gathering information and knowledge in an effective manner. This process is used by researchers to get information on the particular topic of their study. The data is collected by two methods that is primary as well secondary research. In the present research, the data is taken from both the methods of research. The types of research is mentioned below:

Primary Research

This research includes in which fresh data as well as figures are collected and gathered   In depth interviews, surveys and Questionnaire. In Primary Research, Researcher collects the information for a fixed purpose. Researcher only  uses the informations which are not collected by any other researcher. The information that collected by agencies for first time is considered as a Primary data (Clark and Vealé, 2018).

The data which is conducted by primary research is accurate as well as relevant. Along with this, it is a time consuming as well as expensive process. The methods of collecting primary data are surveys, questionnaire, focus groups, interviews and so on. In the present research, the researcher uses questionnaire in order to gain accurate information. Questionnaire is basically consist of series of question which is asked by the researchers to respondents. The data which is gathered by researcher is given by the respondents as per their experience as well as knowledge.

Secondary Research

This is a kind of research in which  the data is collected through websites, journals and books, magazines, newspaper, online applications and so on . Secondary data are less reliable and accurate as compare to the data collected through primary research.

the collection process of Secondary data are quick as well as easy. The data available in refined form is considered as Secondary Research. In addition to this, secondary data is a cost effective process and can be gathered easily (Han, 2018).

Questionnaire

 

Q1.) Are you aware with the concept of equality and diversity in a workplace?

Frequency

a) Yes

20

b) No

10

Q2.) Which one is the main advantage gain by AML (Aston martin Lagonda) by executing equality and diversity practice within workplace?

Frequency

a) Higher productivity

25

b) Positive working environment

5

Q3.) As per your opinion which one is the prime way used by company forminimising gender pay gap?

Frequency

a) Equal opportunity to both male and female

10

b) Examine performance on a regular basis

10

c) Allot work according to skills and capabilities

10

Q4.) On the basis of your perception, which is the major consequence face by Aston martin Lagonda due to gender pay gap?

Frequency

a) Demoralization

10

b) Anxiety at workplace

10

c) Raising worker's turnover ratio

10

Q 5.) As per your thought what is the influence of gender pay gap on the performance of Aston Martin Lagonda.

Frequency

a) Positive

8

b) Negative

22

Q6.) As per your perception, implementing equality & diversity practices within the organisation help in enhancing organisational performance?

Frequency

a) Agree

25

b) Disagreess

5

Q7.) Which one is the main advantage gain by top management of  (Aston martin Lagonda) by retaining their employees' for a long duration?

Frequency

a) Rise in market share

15

b) Enhance productivity

10

c) Increase in goodwill and reputation

5

Theme 1 Concept of equality & Diversity in an organisation

Q1.) Are you aware with the concept of equality and diversity in a workplace?

Frequency

a) Yes

20

b) No

10

Interpretation: Equality and diversity is one of the most important element in an organisation which help in enhancing the overall profitability as well as performance of the staff members. With the help of above stated gtaph, it has been said that out of 30 respondent 20 individuals think that they do have enough knowldege about the meaning of equality & diversity but on the other hand reminaing 10 individuals says they do not have enough information on the topic of equality and diversity. Reason behind this is that there organisation does not implement such practices which help in enhnacing overall performance of the company.

Theme 2  Main advantage by implementing equality & diversity in an organisation

Q2.) Which one is the main advantage gain by AML (Aston martin Lagonda) by executing equality and diversity practice within workplace?

Frequency

a) Higher productivity

25

b) Positive working environment

5

Interpretation: There are various advantages gain by an organisation by executing equality as well as diversity practices at the marketplace. With the assistance of the graph, it is said that 25 individuals out of 30 says that one of the major advantage gain by an organisation is that the it will help of raising the productivity of the staff members along with the organisation. This as a result aid them in performing their functions in an appropriate way. Whereas,  remaining 5 thinks that it will assist in developing positive working atmosphere as employees feel motivated and satisfied due to implementation of equality & diversity practices within the organisation. 

Theme 3:   Major way used to reduce gender pay gap

Q3.) As per your opinion which one is the prime way used by company forminimising gender pay gap?

Frequency

a) Equal opportunity to both male and female

10

b) Examine performance on a regular basis

10

c) Allot work according to skills and capabilities

10

Interpretation: By conducting an investigation in an effective manner, it is examined that 10 individuals says that by giving equal opportunities to both male and female is considered as a major way through which gender pay gap can be reduced. On the other hand another 10 respondents says that analysing performance of employees on a day to day basis can is another way to reduce gender pay gap within the organisation. At the end, remaining 10 respondents says that by providing work as per the skills and capabilities can be another way which help in minimising gender pay gap from the organisation.

Theme 4  Major consequence faced by AML (Aston martin Lagonda) because of gender pay gap

Q4.) On the basis of your perception, which is the major consequence face by Aston martin Lagonda due to gender pay gap?

Frequency

a) Demoralization

10

b) Anxiety at workplace

10

c) Raising worker's turnover ratio

10

Theme 5  Influence of gender pay gap on the organisational performance    

Interpretation: As per theabove stated graph, it is said that 10 individuals thinks that one of the major consequence faced the company because of gender pay gap is demoralization. Due to ineffective working atmosphere, employee's feel demotivated and unsatisfied which affect their end results. Whereas, another 10 respondents thinks that anxiety within the organisation is another major consequence faced by the comapny. At the end, 10 respondents thinks that because of gender pay gap there is rise in employees turnover ratio which might affect the overall image of the company .

Q 5.) As per your thought what is the influence of gender pay gap on the performance of Aston Martin Lagonda.

Frequency

a) Positive

8

b) Negative

22

Interpretation: As per the above figure, it is said that 22 individuals feel that gender pay gap create negative impact on the performance of organisation at the competitive marketplace. This is because due to negative working environment staff members will not be able to manufacture goods and services which affects the performance of comany at the market area. Therfeore, it is concluded that due to gender pay gap, performance of organisation might be reduced and affected in a negative manner. Whereas, remaining 8 individuals feels that gender pay gap assits in improving the organisational performance in a positive manner. 

Theme 6:   Implementing  equality & diversity practices within the organisation help in enhancing organisational performance

Q6.) As per your perception, implementing equality & diversity practices within the organisation help in enhancing organisational performance?

Frequency

a) Agree

25

b) Disagree

5

Interpretation: With the aid of above mentioned figure, it is identified that out of 30, 25 individuals agree that by executing equality and diversity practices at the workplace, organisational performance will be enhaced.

This leads towards the attainment of goals of organisation at the competitive marketplace. Reason behind this is that each and every employee feel satisfied and motivated whcih enhance their productivity due to healthy and positive working environment. Remaining 5 respondents denies that by executing such practices within the workplace, performance of organisation will be enhanced.  

Theme 7: Main advantage gain by management team by retaining their employees' for a long duration

Q7.) Which one is the main advantage gain by top management of  (Aston martin Lagonda) by retaining their employees' for a long duration?

Frequency

a) Rise in market share

15

b) Enhance productivity

10

c) Increase in goodwill and reputation

5

Interpretation: Abovegraph help in concluding that different type of advanatges are gain by an organisation by executing equality and diversity among organisation. Out of 30 respondent, 15 individuals feels that executing equality and diversity practice, organisation will rise their overall market share at the competitive marketplace. Another 10 respondent, says that it will help in enhancing productivity of the comapny along with their employees. Remaining 5 respondents says that by executing such practices among the organisation help in raising goodwill of an organisation at new marketplace.

 With the aid of above report it is said that after performing the research effectively, various recommendations are given to the managers of Aston Martin Lagonda. These suggestions are given to the managers which they need to consider while doing business functions so they can bring equality as well as diversity effectively within the workplace (Kundu and Mor, 2017). Some of the major recommendation are going to be discussed as follows:

  • First & foremost suggestion which is given to the management team is that managers must focuses on developing open communication system with the staff members. Along with this, employees must have right to share their views and thoughts which help in developing high quality goods and services. This as a result assist in developing positive working environment within the workplace.
  • Apart from this it has also been suggested to the managers of the organisation that they must develop strategies and policies in such a manner that they can reduce negative impact of gender pay gap. These strategies need to be modified on a regular basis as per the current situation so that positive outcomes will be developed.
  • In addition to this, it has been also been suggested to the managers of the company that all the work will be done by considering ethical and legal requirements. This assist in creating strong brand image of the organisation at the competitive marketplace.
  • Furthermore, it is recommended to managers of Aston Martin Lagonda that they must conduct proper training sessions on a day to day basis so that all the practices will be performed effectively (Phillips and et. al., 2016). Such sessions help in enhancing understanding and knowledge of staff members which as a result create positive results in an effective manner.

While doing this whole investigation, it is observed that there are different factors which might affect the overall result in a negative manner. It has been said that one of the hardest part is to collecting content from different sources which is quite time consuming procedure. Apart from this, while doing all these research activities it is observed that my communication along with team management skill is not so effective which sometimes influence my whole performance in an adverse manner. Get Online Essay Help by USA Writers.

In addition to this, it has also been said that I was very nervous and under confident while talking to other individuals which impacts the whole research in a negative way. But at the end of this research, I have examined that my these skills has been enhanced once the whole investigation will be completed in appropriate way.        

CONCLUSION

With the aid of above mentionedreport it has clearly been finished that equality & diversity at the organisation help managers to retain employees within the workplace for longer duration. Along with this, by executing proper equality & diversity practices at the organisation, management team of a business entity will be able to develop positive working environment so that all the staff members will execute their functions in an effective manner.

Furthermore, various recommendations are given to the top management team of the company after conducting the whole research. There are various methods with the help of which researcher will be able to gather required information in an effective manner. These methods are primary as well as secondary method which assist investigator to gather required information so that positive results will be developed.  

Read Also- Supply Chain Management

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