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Managing a Successful Business(ML)

University: UK College of Business and Computing

  • Unit No: 6
  • Level: High school
  • Pages: 25 / Words 6367
  • Paper Type: Assignment
  • Course Code: D/508/0491
  • Downloads: 288

Table of Content

  1. INTRODUCTION
  2. TASK 2
  3. TASK 3
Question :

This sample will let you know about:

  • Discuss about the Project Aims and Objectives.
  • Discuss about the Small scale research
Answer :
Organization Selected : N/A

INTRODUCTION

In today's globalized business landscape, fierce competition drives companies to seek diverse talent pools to achieve their objectives. Maintaining a culture of equality and diversity is crucial for fostering a positive work environment. Equality ensures fair treatment for all employees, while diversity encompasses hiring individuals from various cultures, genders, religions, and backgrounds. These principles are vital for effective employee management and performance improvement within organizations (Chaffey, Hemphill, & Edmundson-Bird, 2019).

This report highlights the significant issue of gender pay disparity, which impacts workforce efficiency negatively. To counter this, management must ensure equitable treatment for all employees to foster a sense of value and commitment toward the company's goals. The focus of this study is Quantum Technology Marketing, a UK-based small business aiming for increased profitability through enhanced productivity. Treating employees equally enables them to perform tasks effectively, leading to the achievement of set objectives within specified timelines.

TASK 1

P1 Project Aims and Objectives

Gender pay gap is refers to the mean differences between the among male and female who are performing within the business organisation. Generally, women employees get less pay as compare to men. This can be big issues faced by company and its workers as it directly affect their performance in negative manner. Thus, manager of business organisation show a significant part in managing or treating workers equally so that they can enhance their abilities to do well at workplace. This will contributes in making them productive within the company.

Research aim:

To evaluate the impact of Gender pay gap on employees performance within the organization. A study on Quantum Technology Marketing.

Research objectives:

  • To determine the influence of Gender pay gap over the workforce.
  • To examine the challenges faced by company due to the practice of Gender pay gap within the workplace.
  • To identify the alternative ways applied by Quantum Technology Marketing to overcome or deal with Gender pay gap issue within the organization.

Research questions:

  • What is the influence of Gender pay gap over the workforce?
  • What are the challenges faced by company due to the practice of Gender pay gap within the workplace?
  • What are the alternative ways applied by Quantum Technology Marketing to overcome or deal with Gender pay gap issue within the organization?

P2 Project management plan

PMP is show a significant function in implementing an effective project as it is formal and detailed documents that apply by project manager for preparing the whole project activities. Mainly, it provide guidelines to project manager that support them in establishing the set target (Chapman, 2019). This will aid in providing detail to team members about how project activities will be executed. Through which, firm easily complete the project and attain set goals in specified duration. As it includes different aspect that aid in developing a successful project management plan which mentioned below:

Scope: The overall range of this task is wide as it is founded on the gender pay gap, as it is one of the major issue for each and every organisation. Currently, huge research are done on this topic that provide an effective analysis to company in managing the same at workplace with the aim of creating positive working environment. This project is an effective that provide huge analysis on the basis of current issues.

Time: Project is required a specific time frame in which each and every task will be completed. If entire activities done in particular time duration that project manager can improve the overall performance (Englund and Graham, 2019). For completing this project, around 3 month will be required as it set before starting so that they complete the project in set period of time.

Quality: While performing project activities, proper quality is must in task activities of project and gathering information as well. In this regards, project manager needs to ensure overall quality by analysing data by collecting the same from accurate and authentic sources only. It support investigator in improving the accuracy in entire project activities and at the same time also increase the chances to be successfully completed.

Communication: For managing as well controlling project activities proper communication is crucial among all the team members so that they work properly. In this regards, project manager also ensure that team members communicate openly and also share their ideas with them. It may aid in transferring accurate informations with each other that helps in saving time and cost, as well as to reduce the chances of occurring error.

Risk: Each and every project required certain risk that can be put negative effect on project activities and its end results. In this, project manager is responsible for analysing as well as evaluating risk factors before starting the project. With the assistance of this, unnecessary risk and issues can be easily eliminated and a the same time also make smooth and effective project.

Resources: It is important aspect that highly required in completing the plan activities in successful way. It includes proper finance, human resource, technology and many more. All these are managed before implementing project as it provide opportunities to manager in managing or completing whole project without any kind of uncertainty (Ferraris, Erhardt and Bresciani, 2019). Get Assignment Examples.Talk to our Experts!

P3 Work breakdown structure

Work breakdown structure: It is consider as an important structure wherein each and every task is divided into smaller and different parts through which staff members can accomplish entire set targets in systematic manner. Furthermore, manager of business organisation is also able to execute and perform their task activities in well organised and systematic manner. One of the main advantage of using WBS is to effectively manage large project into smaller task through which each and every activities can be done effectively. It is a graphical representation that shows activities along with each task. By this, manager of project can systematically done entire task activities and also make a successful project.

Gantt chart: It is also an crucial graphical cognitive content that shows the effective relationship between different activities along with time frame that assist in completing the whole project in well organised manner (Fewings and Henjewele, 2019). By using this aspect, project manager can easily develop strategies as per the time frame. Furthermore, it is also consider as an essential tool by which project manager can manage project activities to accomplished predetermined targets in an proper way. It also may aid in eliminating the possibilities of rise issues in project activities.

TASK 2

P4 Small scale research by applying qualitative and quantitative research methods

At the time of undertaking inquiry, different type of methods which used by researcher for collecting valid information about the specific investigation topic. Along with this, it is crucial for investigator to use best and suitable method to conduct a successful research that support in rising the possibilities of accomplishing positive and reliable results. As there are two type of research methods such as quantitative and qualitative. Both can be mentioned below:

Qualitative research method: It is consider as an effectual technique by which investigator undertake the whole study in systematic way. By using this, researcher gather data from selected respondents by understanding their view point about the research topic. Along with this, it used to analysing what actually target groups and respondent feels and what is the reasons behind this. Mainly, it provide detailed information that is collected from human behaviour within the specific situation and event as well. In this method subjective data is used that support in drawing a effectual judgement within research activities.

Quantitative research method: This method is also show a critical part in research as it provide data in numerical form that is measurable in nature. Along with this, mathematical techniques is used by researcher to collect accurate information towards the selected topic (Fleming, 2019). In this, questionnaire, interviews are the some effective way that provide numerical data that assist in drawing a valid determination. By this technique, investigator gather data from large number of respondents.

For undertaking this research, project manager will apply quantitative research method that provide measurable information. In which investigator gather data by using questionnaire as it help in providing accurate information.

Primary method of data collection: Under this type of method, data is collected through selected respondents. As they provide first hand data that support in taking right and accurate decision within the research. It includes various sources like survey, interview, questionnaire. Under this study questionnaire will be applied by researcher to gather data.

Secondary method of data collection: It is an effective method in which data is gathered from various sources that is already published. In this data is not original as investigator take various origin like books, articles, newspapers, journals and so on. All these are provide detailed information about the selected research topic that support in attaining positive end outcomes.

Under this research, investigator use both primary and secondary method of data collection that support in analysing actual information. In this primary method help in preparing a questionnaire along with close-ended questions and secondary data may assist in carry out literature review that is based in scholar viewpoints on the basis of selected research topic.

Sampling: It is a procedure of chosen sample size from large number of group to collect data. In this, researcher select random sampling technique that is part of probabilistic technique. By using, investigator select 30 respondents through which the gather relevant data and information in order to take right and accurate decision (Harmon, 2019). Order assignment help from our experts!

Questionnaire: It is related to the set of questions that prepared by researcher for collecting relevant data. Mainly, it includes close- ended questions asked from selected respondent on the basis of particular research theme.

Questionnaire

Name:

Age:

Contact no.:

Email id.:

Q1) Are you aware about the Gender pay gap issue?

a) Yes

b) No

Q2) What is the influence of Gender pay gap on workers performance?

a) Positive

b) Negative

Q3) What are the main reason of arising Gender pay gap issue in organisation?

a) Differences in pay scale

b) Partiality in delegation of task

c) Unequal opportunities

Q4) What are the main issues which Quantum Technology Marketing employees face due to the Gender pay gap issue?

a) Reduce employee engagement

b) Increase employee turnover

c) Negative working environment

Q5) What are effective ways Quantum Technology Marketing can use to overcome the issue of Gender pay gap?

a) Give equal pay

b) Treat fair to both men and women

c) Provide equal opportunities

Q6) Does Gender pay gap effect working environment of business organisation?

a) Yes

b) No

Q7) Does Gender pay gap reduce the potentiality of Quantum Technology Marketing in improving the brand reputation among competitors?

a) Yes

b) No

Q8) Why it is important to remove Gender pay gap issue from business organisation?

a) Improve brand image

b) Increase in employee engagement

c) Ethical or positive working culture

Q9) Is Equal treatment with workers is effective for organisation to enhance its productivity level?

a) Yes

b) No

Q10) Recommended the ways by which company can reduce Gender pay gap issues within the working area.

Q1) Are you aware about the Gender pay gap issue?

Frequency

a) Yes

20

b) No

10

Q2) What is the influence of Gender pay gap on workers performance?

Frequency

a) Positive

5

b) Negative

25

Q3) What are the main reason of arising Gender pay gap issue in organisation?

Frequency

a) Differences in pay scale

10

b) Partiality in delegation of task

10

c) Unequal opportunities

10

Q4) What are the main issues which Quantum Technology Marketing employees face due to the Gender pay gap issue?

Frequency

a) Reduce employee engagement

12

b) Increase employee turnover

12

c) Negative working environment

6

Q5) What are effective ways Quantum Technology Marketing can use to overcome the issue of Gender pay gap?

Frequency

a) Give equal pay

10

b) Treat fair to both men and women

10

c) Provide equal opportunities

10

Q6) Does Gender pay gap effect working environment of business organisation?

Frequency

a) Yes

20

b) No

10

Q7) Does Gender pay gap reduce the potentiality of Quantum Technology Marketing in improving the brand reputation among competitors?

Frequency

a) Yes

25

b) No

5

Q8) Why it is important to remove Gender pay gap issue from business organisation?

Frequency

a) Improve brand image

13

b) Increase in employee engagement

10

c) Ethical or positive working culture

7

Q9) Is Equal treatment with workers is effective for organisation to enhance its productivity level?

Frequency

a) Yes

20

b) No

10

TASK 3

P5 Research and data using appropriate tools andtechniques

Theme 1: Awareness about the Gender pay gap issue.

Q1) Are you aware about the Gender pay gap issue?

Frequency

a) Yes

20

b) No

10

 
Interpretation: Gender pay gap is consider as an average differences between wage for male and female who are work at a same place. Basically, women are paying fewer than as compare to men. As it put antagonistic effect on the workers performance and their productivity level. This type of issue also affect on reducing the brand image of business organisation and also may increase employee turnover because due to gender pay gap workers are leaving the company that affect their performance level. Furthermore, 20 out of 30 respondents have proper cognition about the idea of gender pay gap and remaining 10 people not familiar about current statement and theme.

Theme 2: Influence of Gender pay gap on workers performance.

Q2) What is the influence of Gender pay gap on workers performance?

Frequency

a) Positive

5

b) Negative

25

Interpretation: In an business organisation, gender pay gap is major issues that affect workers performance as it reduce their potentiality towards the company and its set goals. As, 5 out of 30 people think that Gender pay gap put positive impact on the employees performance. Furthermore, remaining 25 respondents said that gender pay gap is the leading challenge for workers and company because it reduce employee involvement at workplace. If they get less wages then they reduce their skilfulness to execute their task activities. This may put counter contact on workers performance and organisation image at market place.

Theme 3: Main reason of arising Gender pay gap issue in organisation.

Q3) What are the main reason of arising Gender pay gap issue in organisation?

Frequency

a) Differences in pay scale

10

b) Partiality in delegation of task

10

c) Unequal opportunities

10

 
Interpretation: In business organisation, various reason are there that arise Gender pay gap issue as it also affect on overall performance of firm. In this context, 10 out of 30 participants think that differences in pay scale is a reason that arise the issue of Gender pay gap as it may increase issues among male and female at workplace. Along with this, 10 people give their views that partiality in delegation of task may arise complexities at working area by which workers may cut down their positive relation at working area. On the other side, remaining 10 respondents said that unequal opportunities to male and female workers put negative impact on their relation and performance as well.

Theme 4: Main issues which Quantum Technology Marketing employees face due to the Gender pay gap issue.

Q4) What are the main issues which Quantum Technology Marketing employees face due to the Gender pay gap issue?

Frequency

a) Reduce employee engagement

12

b) Increase employee turnover

12

c) Negative working environment

6

 
Interpretation: There are various issues of gender pay gap faced by workers within the company as it reduce the potentiality of employees towards the firm set goals and objectives. Along with this, 12 out of 30 people give their views that it may reduce employee engagement at workplace through which workers get demotivated towards they activities within the business organisation. Along with this, 12 participants said that gender pay gap can increase employee turnover as workers are leaving company due to unequal pay system. On the other side, remaining 6 respondents said that due to gender pay gap company face issue related with negative working environment in which employees fail in attaining their targets in stipulated time frame. All these are affect organisational activities in negative way.

Theme 5: Effective ways Quantum Technology Marketing can use to overcome the issue of Gender pay gap.

Q5) What are effective ways Quantum Technology Marketing can use to overcome the issue of Gender pay gap?

Frequency

a) Give equal pay

10

b) Treat fair to both men and women

10

c) Provide equal opportunities

10

 
Interpretation: There are various issues that arise due to ineffective management of workers at workplace. In this, manager of business organisation is responsible for includes some effective ways with the aim of overcoming from the issue of gender pay gap. As 10 out of 30 people give their opinion towards the theme is that providing equal pay is one of the important way and alternative option to develop equal working environment for each and every employees. Furthermore, 10 respondents think that treat fair to both men and women is also an effective way that help in keeping them equal, as it improve positive relation among them. Furthermore, remaining 10 player think that provide equal opportunities to workforce is best to eliminate gender pay gap as it may assist in enhancing overall performance of business and its worker also.

Theme 6: Gender pay gap effect working environment of business organisation.

Q6) Does Gender pay gap effect working environment of business organisation?

Frequency

a) Yes

20

b) No

10

 
Interpretation: As per above discussed chart, it can be evaluated that gender pay gap directly affect the working environment of company wherein employees does not treated equality. It ma create issues among male and female workers that reduce their performance and also fail in accomplishing their set goals and objectives. In this regards, 20 out of 30 respondents think that issue of gender par gap arise negative relation that reduce coordination among workers. This is the reason that working environment of company get negatively affected. Apart from this, remaining 10 people not favour with this theme.

Theme 7: Gender pay gap reduce the potentiality of Quantum Technology Marketing in improving the brand reputation among competitor.

Q7) Does Gender pay gap reduce the potentiality of Quantum Technology Marketing in improving the brand reputation among competitors?

Frequency

a) Yes

25

b) No

5

Interpretation: According to the above graph it has been examined that gender pay gap is major challenge for company because it make employees demotivated. As workers are discriminated on the basis of gender in which female employees are paid less than male workers. This will put counter effect on entire working environment of company. Along with this, it also reduce the potentiality of company in improving their brand reputation among competitors. In this context, 25 out of 30 people are familiar with this statement and 5 participants are not favour with this theme.

Theme 8: It is important to remove Gender pay gap issue from business organisation.

Q8) Why it is important to remove Gender pay gap issue from business organisation?

Frequency

a) Improve brand image

13

b) Increase in employee engagement

10

c) Ethical or positive working culture

7

Interpretation: Gender pay gap is big issue for company as it may reduce the employees performance because they feel demotivated towards their job responsibilities. Thus, it is crucial for company eliminate the same to enhance the positive performance of firm at market. In context of this, 13 out of 30 people think that by removing gender pay gap company may improve their brand image that support in keeping workers for longer period of time. Along with this, 10 participants think that it also increase employee engagement as workers are feel more productive and motivated at working area. Furthermore, rest of 7 respondents said that it may assist in creating or developing ethical or positive working culture wherein employees easily perform their task activities and at the same time also improve their productiveness.

Theme 9: Equal treatment with workers is effective for organisation to enhance its productivity level.

Q9) Is Equal treatment with workers is effective for organisation to enhance its productivity level?

Frequency

a) Yes

20

b) No

10

Interpretation: it can be evaluated through above discussed graph that equality is important concern for business and its workers as well. In this, company needs to ensure that each and every employees equally treated. It help in motivating them and encouraging them to do their best and always ready to give their best. As it enhance productivity level of business organisation. It is beneficial in improving employee engagement that support in developing positive relation with employees. Along with this, 20 out of 30 respondents think that equal treatment with employees is beneficial and appropriate as it support in increasing their efficiency level to achieve their target. Apart from this, remaining 10 people are not agree with this statement.

P6 Recommendations

As per discussed research it has been recommended that managing equality and diversity, company can amend its working culture and employees performance. This is because it enable organisation to provide equal opportunities to manpower which motive them to give their best contribution towards attaining organisation goals. However, there are some recommendation has been identify which Quantum Technology Marketing can imply within its business function to manage equality and diversity. Along with this, company needs to communicate with their workers to analysis their behaviour at working area. This will directly contributes in improving employees abilities to do their best at workplace. Furthermore, providing equal promotion to both male and female employees is also beneficial in making them productive towards the job activities. It may assist in reducing the employees turnover and also retain employees for longer period of time. Along with this, for overcome of the issue of gender pay gap, company should provide equal pay, treat fair to both men and women workers and also provide equal opportunities to employees through which they get motivated towards the specific job responsibilities. Manager of Quantum Technology needs to give proper training to male and female employees in order to make them able to understand the particular activities perform within the company. It may directly contributes in developing healthy working environment wherein every employees are treated equally. This may improve positive brand image of company at market place.

Know More: Business Communication Individual Report

TASK 4

P7 Reflection

I am highly privilege to get an opportunity to undertake the research on he topic of evaluating impact of gender pay gap. As it provide various opportunities to improve my professional and personal experience. While undertaking this research, I faced various issues that affect my end result of study. For undertaking this research I required huge time and fund so that I can easily execute research activities in well organised manner. This will provide opportunities to improve the possibilities of attaining best possible outcomes at the end of the research. Furthermore, my communication skill is not much effective as I face issue in communicating with others. Due to this, I face difficulties while collecting data from different sources. In this some of respondents do not provide accurate information that may directly affect on end results of research in negative manner. In addition of this, time related issue is a big concern for me while undertaking study as due to less period of time I face issue in executing research activities. For this, I make a plan that consist each and every activities of project. With the assistance of this, I can attain positive and reliable outcomes within the study and at the same time also make it more successful and valid as well. Along with this, I completed the research successfully by following the steps in research process. Steps included in research process are identify Problem, Literature review on the basis of research questions, Clarify issue, Define Population, Collect Data, explain data collection tools, Analyse Data. These steps are helpful in conducting the research in systematic way and getting positive outcomes. In project, my achievement is collecting data by using authentic sources and gather large sample size. It helped me in attaining my set targets in research activities that make research project more successful. Ask for Academic Writing Service from our experts!

CONCLUSION

As per mentioned research it has been ended that gender pay gap is an issue for each and every organisation as it put counter effect over the employees performance within the company. This, is the reason that organisation tries to manage their workforce equally by providing them best and equal opportunities to workers. By this they feel motivated and productive towards their job responsibilities. If company treat their workforce equally then they focus on giving their best efforts to attain their targets. It may contributes contributes in rising the overall performance of workers and make them efficient. Along with this, company also face various issues due to gender pay gap like, reduce employee engagement, less coordination among workers, negative working environment. All these issues are negatively affect over the workers and at the same time also increase employee turnover of company. For removing these issues, company focus on providing equal opportunities, fair wages to employees to make them more productive. It directly contributes enhancing performance of workers and company as well.

Read more - Management and Operations Role

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