Individual Reflection Report On A Business Plan Education Essay

Individual Reflection Report On A Business Plan Education Essay Terms of Reference This report has been prepared as a reflective work of my groups business plan for MBA course. The purpose of this reflection sheet is to redirect how I and my team mates worked while undertaking the project. The point of writing this report is to include my thoughts and reactions to the experience. The reflective journal is a personal record of my learning experiences (White, 2005). I have been asked by university management to write an individual reflective journal on business plan that should consist of my critical way of thinking in an analytical way. It has been written to reflect on my work which will allow the readers to understand my achievement being a member of a team and my role as a researcher, analyser, critical thinker, reporter and presenter (White, 2005). I tried to be as specific as possible as this journal is a persuasive essay arguing on behalf of myself. It includes where my inspiration comes from, how I made use of my ideas to develop my work and my awareness of t he context in which I work. This reflective journal is an individual report that has described my work based on the business plan that I have participated in. I was chosen to work in a team of five members to build a business plan regarding launching a business in Cardiff. My team members for this assignment were Archana Ashu, Gagan Deep Singh, Nadeem Khan and Rachit Ajmera. The business plan that we have worked together, is regarding launching a multiplex cinema in Cardiff. This business plan provides a 3 year operating plan for a Multiplex cinema with a start-up capital of  £5 million. In this report we highlighted and analysed all the factors essential for a start-up. We considered market analysis, market strategy and costing, staffing and resourcing, and financial projections for the first 3 years of the business. In this reflective journal I have described objectively what happened, I tried to Interpret the events explaining what I saw and heard, my insights, my connections w ith other learning, my hypotheses and my conclusions. I also evaluated the effectiveness and efficiency of what was observed. In this journal, I have described how I tackled team issues, interpreted my role as a team member, what did I learn being a team member and How I approached challenges. Other than problem solving I have recorded and mentioned knowledge and understanding of relevant theories, synthesis of what would I do differently next time reflecting on how the workshops/meetings helped develop my study? I have been asked to reflect an analysis, taking into account aspects of my strategy formulation and explaining how I built upon and applied knowledge from taught modules. I have made sure that structure of work follows all the section headings and recognises marking scheme, language is concise and this journal is presented according to school guidelines. Problem solving I was chosen to work in a team of five members to build a business plan regarding launching a business in Cardiff. My team members for this assignment were Archana Ashu, Gagan Deep Singh, Nadeem Khan and Rachit Ajmera. Although I wanted to be in a team of my close friends, the administration allocated teams randomly and put me in a group of five students. Luckily I already had close friendship with one member and I knew one other as he was in a same study group as mine. Initially I had objections with the supervisors decision of allocation but gradually as I started to know my team members, this opposition faded away. I felt friendly and enthusiastic being in this team. Being students from different backgrounds and societies naturally raised some problems for us but we managed to solve all the issues quite amicably (Gillie, 2010). All the disagreements were resolved and we worked together harmoniously. As a contemporary management student, I understood the capability of a team is gre ater than the collective abilities of the individuals within it. As soon as I was consigned in a team, I called everyone for a meeting to know each other and discuss task in hand. For me, doing the work in a friendly environment and more casually could make the task easier. Rest of the team members did not agree and had some reservations but I motivated them and persuaded them to follow my arrangement. In the meetings, plan was discussed and ideas were revolved (Gillie, 2010). I also put forward my thoughts and plans. After careful planning, thorough discussion and constructive arguments I made them agree on the topic. We defined our roles according to our strengths in subject areas and tasks were assigned to each member. My team set its standards of ethics and behaviours to achieve positive synergy and to create effective environment (Levin, 2008). All team members were highly committed and motivated. My strong area was marketing, hence id been assigned with collecting, analysing a nd evaluating marketing aspects of the business plan. I also convinced them to work closely and stay in constant contact. Although we had to work individually on our tasks but I collaborated to help others in their work and vice versa (Levin, 2008). Apart from problems mentioned above, I and other team members faced some other problems such as lack of knowledge of how to conduct the study, inexperience of research process, lack of critical analysis during research process, less research was done on every individuals part and there were critical judgements on each others work, no involvement of critical thinking which made our presentation look descriptive, and inconsistent decision making. All these problems were solved jointly (Gillie, 2010). I have learnt that team is more successful when members within it are able to create synergy. Since our goals, objectives, tasks, and priorities were larger than any individual, teamwork was required. When team members know how to be more effective together, synergy happens and greater organizational success is achieved. I have also understood the importance of teamwork (Sugars, 2005). I considered every member of my team as important as each person brought unique skills, knowledge, and experience. Team members also brought energy, drive, passion, and determination. Since not everyone brings different amounts of all of these things, team members needed each other. Increasing the strength of each team member produced greater team success and results. I along with my team members approached all the issues quite confidently as I knew our collective strengths could tackle any problem we face (Glover, 2009). Knowledge and Understanding By conducting a research as a team, I felt that there is no doubt team theory is relevant in practice. I was confident to relate the research and the theory I have studied during my MBA course (Sugars, 2005). Previous experience in management field also came handy. The most important thing I have gained knowledge of is the effectively working in a team. In the later stages of the project, coordination among team members increased considerably. This helped in improving and polishing our communication skills. We learned that everyone can do their own part to work towards a common goal and that there doesnt need to be just one distinct leader (Glover, 2009). Although different tasks were assigned to team members, I remained in constant contact with every member and consulted on every possible occasion. This also helped me learn and understand their approach as well (Glover, 2009). As an individual, working on a business plan has helped me to understand how to make an official report. It assisted me in research methodology, how to check different sources and how to carry out research. The proposed business plan was solely concentrated on market penetration and market acquisition with its customer service, facilities, ambience, and projection technology and above all, operational benefits (Sugars, 2005). Beside this, I managed to learn different marketing techniques and got a practical experience of how to apply marketing models and theories. I considered myself an important member of a team in formulating strategy and objectives to achieve this strategy. The main purpose of conducting a market research was to identify and establish potent ial market and also to get the reliable data for product. I have learned to analyse the market and potential customers before entering the market. I understood the market analysis for business is to check the feasibility and the absorbance of product in the market and to understand the trends and behaviour of the consumers in market and to apply strategies accordingly (Dyer, 2007). All this provided crucial and reliable information. I studied to carry out market analysis; learned about market size and forecast; its share, trends and behaviour. I also assessed competitors and their strategies, targeted market segments, analysed our business core competencies and critical success factors; marketing and costing strategies. This business plan also assisted me in projecting financial position and reports along with knowledge of staffing and resourcing for business (Sugars, 2007). Synthesis Although all team members planned the business plan and divided the tasks according to their strengths but we still faced some problems. I would like to change my approach a little next time I involve myself in this type of activity. I would definitely focus on time management and motivation issues (Dyers, 2007). Others areas need to be improved are analytical skills and market assessments. The area of critics of team needs some perfection as well. Every members presentation skills were weak that resulted in lower marks. The report looked descriptive and team members just read that in the presentation meeting. Experience gained from this project will definitely help to improve the above mentioned areas in the future (Saunders et al. 2009). There are a lot of aspects and factors that helped me develop my understanding and improve my knowledge. Workshops and lectures taught me how to carry out a research in desired fields, what method to select and what approach to take. Meetings provided facilitation in problem solving and strategic planning. These also helped me in decision making and working in a team (White, 2005). Analysis and Evaluation As a student studying MBA course from a renowned university, I was expected to apply critical thinking and analyse the business plan. The modules that I have studied during my lectures helped me apply marketing tools and techniques to my research. I learned how to apply theory into practice. This was a new idea to me but I was successful in interpreting this. This helped me gained both theoretical and practical knowledge. I applied knowledge from the books and journals to formulate the strategic plan, mission and vision of the company that I was working on. I applied different models successfully such as McKenzie 7s model, Porters generic strategies, Ansoffs growth model, IR model, Porters five forces model and some others (Kotler. 2010). The knowledge from the lectures helped me how to search different sources which was useful in strategy formulation. Overall the use of theoretical knowledge in practical situation helped me understand the business plan. I used the theories to advanc e my understanding of the business plan. The practical experience was built upon the theoretical knowledge (Saunders et al. 2009). Theory asked me how to conduct a research; based on this I practically collected data and information for analysis. Theory taught me how to calculate; I practically used this knowledge to formulate a financial projection; Theory explained how to apply different models; I managed to use these theories according to my situation and constructed a whole report. I practically worked in human resource filed to staff and resource my business. Having completed this project, I have learned how to better argue a point in discussion. Using facts and example, my arguments have become much better (Sugars, 2005). The project taught me and my team members to be good team members, cooperative and helpful. I felt a change as my researching skills increased considerably. I can better understand the topic and use a variety of sources for search purposes which will help me a lot in future research process. I can create a conclusive argument that can set a tone of the entire project. Using latest techniques of researching and arguing, my paper will seem clearer and my arguments more apparent (Bryman and Bell, 2007). I have also updated my accounting knowledge by working on new accounting principles. I was responsible for quite of lot of report writing. It was good for me to get practice at writing, at proof reading, editing, etc. I did have a sense of achievement when a report was finished. And finally my computer skills have also impr oved from writing reports and through having 24-hour access to the computer. These skills are not great, but in comparison to my own skills before working on this project they have progressed well. I personally feel that business plan is viable as it helps us understand not just to apply critical thinking and analyse the information but to use the theory into practice. This is what I think MBA requires. It helps the students getting management experience and applying what they have learnt in their lectures and workshops.

Restaurant Business Plan

Confidentiality Agreement The undersigned reader acknowledges that the information provided in this business plan is confidential; therefore, the reader agrees not to disclose it without the express written permission of . It is acknowledged by the reader that information to be furnished in this business plan is in all respects confidential in nature, other than information that is in the public domain through other means, and that any disclosure or use of this confidential information by the reader may cause serious harm or damage to .Upon request, this document is to be immediately returned to >. Signature: Name: Amanda Walsh David Cagney Date This is a business plan. It does not imply offering of securities. (1) Executive Summary The Grab: Do you want to expand your horizons when it comes to good quality Italian cuisine? The Taster offers you the opportunity to sample food before ordering off the menu free of charge. They recognized that people stick to their comfort zone when it comes to ordering food in restaurants and wanted to change this by letting the customers excite their taste buds.The Problem: A problem the restaurant is preparing to face is to distinguish between serious customers who have an interest in trying new cuisines and customers who come into the restaurant and take advantage of the service in a negative way and don’t appreciate the offer that is provided. This problem could have serious repercussions and affect the profit of the business significantly and therefore must be controlled. The Solution: The solve this issue the staff have to monitor the customers closely, allowing customers limited samples of the food to ensure they don’t fill up on free samples and leave.The chef’s responsibility is to ensure each customer only receives a bite size amount of the food, over indulging the customers will eat into the profits and defeat the purpose of the service provided. The Opportunity: It can be rather challenging to tar get different market segments simultaneously but at The Taster restaurant we are planning on catering to a wide customer base. We segmented the market according to Geographic, Demographic and Psychographic.Our market size is relatively small in comparison to world wide international restaurant chains for example the Hard Rock cafà © however we do have the potential to grow in the market and expand our business in Ireland and possibly the United Kingdom. Your Competitive Advantage: Currently there are six other restaurants in the area and it puts the Taster in direct competition with Casa Pasta & Pizza. The menus that the two restaurants offer are very similar as they are both Italian cuisines however the taster has an advantage over them as they have a potential unique selling point of sampling the food as mentioned above.The Model: The Taster aim to generate revenue from their target market by creating a ground-breaking, unique restaurant with a relaxed sophisticated atmosphere th at will clearly differentiate the restaurant from others. The main goal is to use nothing but high quality fresh Italian ingredients and to approach each customer with the highest standard of service imaginable all of the time with none expectations what so ever. This makes the restaurant scalable as it has the potential to generate growth in the revenues considerably faster than its cost base.The Team: The team at The Taster have the ability to achieve all the goals and succeed in the business and it grows and becomes more successful. When hiring staff for the restaurant only qualified, trained and experienced people will be made part of the team. Highly motivated and enthusiastic people will be favoured. Additional training will be provided as the restaurant wants the highest level of customer service and for customers needs to be dealt with before the customer even anticipates them to allow them to have an incredible dining experience.Financials: Our financial projections for the first five years are as follows. The key driver to succeed is that the company needs to successfully operate through the first year in order to provide adequate cash flow to be self-sufficient in year two. The Ask: The initial financing available to the company in addition to the capital contributions from the owners, will allow The Taster to successfully open and maintain operations for the initial five years of business and offer the customers in the Donnybrook area a unique dining experience.Start-up costs and initial financing are as follows. Jane Ericson will be investing $20,000 of savings and guaranteeing a loan for another $30,000 with personal assets. In addition, the business will receive an interest-free loan from a family member of $10,000, to be repaid within the first year. (figures to be changed) (2) Team and company The Taster was founded in 2011 by Amanda Walsh and David Cagney who are the two joint investors in the project. They created Italian restaurant that off ers customers fresh homemade Italian food at a reasonable price.There is also the opportunity for the customer to taste a bite sized amount of the food if they are unsure before ordering. They will offer a few different types of menus depending on the day of the week and time of day including lunch and early bird menus during the week and set menus and lunch menus at the weekend. The Taster will be open seven days a week, serving lunch and early bird menus Monday till Thursday and set menus and al la carte menus Friday till Sunday. What relevant experience has the team got? David Cagney has been working as a bar man for the past two years in the Aviva Stadium.He has recently graduated from the Aviva Academy which was a significant achievement as he was picked from a group of one hundred applicants out of two hundred. David has also worked as a part-time waiter in Foleys Bar, near Stephens Green and in Graingers along the Malahide road. Amanda has over two years’ experience as a chef and a waitress for the Bad Ass Cafà © in Temple Bar. As we have both have experience in the hospitality industry, their skills complement each other which makes it easier to occasionally share ideas and views on how to take their business proposition to the next level.What are the gaps in the team? Both members of the team are very weak when it comes to the financial aspects of setting up a business. They contracted professional accounts to help with this aspect of the business as it is a very important. The businesses needed someone to draw up a cash flow, profit and loss account and a balance sheet for their financial projections. Has the team worked successfully in the past? The team have not worked with each other in the past, except for the development of their feasibility study.Despite the fact that they have never worked with each other they are making significant progress and working alongside each other throughout the project. Are they well known in the industry? T he team are currently not well known in the industry as they have never worked with each other in order to make a name for themselves. They are confident that their ideas will satisfy customers’ expectations and will make their dining experience a pleasant one, one which they will want to go back and tell all their friends and family about. Who has the experience with solving this customer problem?The team will only gain this experience by actually going out and setting up the business, with the skills they have picked whilst working in the hospitality sector. Who has experience selling competitive offerings to this market? Both Amanda and David have limited experience on how to sell competitive offerings, although they have some knowledge in relation pricing strategies from their marketing studies.They believe that how they’ll price their menus as opposed to other Italian restaurants in the market i. e. , Casa Pasta and Pizza, will be vital in the early stages of thei r launch. 3) Product and market The opportunity problem: Value proposition: The Taster restaurant satisfies the customers’ needs of eating out and gives them the knowledge they need behind them when ordering food. Waiters can be very vague when describing the taste of the dishes that customers are curious about and a lot of times have never tasted the foods themselves. The Tasters gives the diners an opportunity to try the foods so they can have their own opinion and peace of mind when a ordering a new dish or something a bit different, so they know exactly what they are getting.This business goal could generate potential customers in the long run through word of mouth and effective advertising as it has many benefits to the customer. It allows customers to try new foods and avoids them been left with a full meal they won’t enjoy which saves them money on wasted food. The customer: The Taster has created a market for several different categories of customers. The indiv idual people that go for lunch or dinner by themselves usually during or after office hours. Families and friends who dine together for lunch or dinner usually on a Sunday, they intend to make Sundays a very family orientated day.Couples usually go out on a Friday or Saturday night for a romantic meal. To encourage as many couples as possible they plan on having a set menu for two people including a bottle of wine. And finally People on a budget, they took into consideration the recession and that a lot of people are on a budget now so they created an early bird menu from Monday to Thursday to cater for these people on a low budget and hopefully fill the restaurant during the week on nights that it wouldn’t necessarily be busy .The Market: The Taster is faced with the exciting opportunity of being the first restaurant to be able to sample the food before ordering. This concept puts them in a great place in the market and gives them the potential to become a huge success. Ther e isn’t a huge market as we can only reach a percentage of the country but there is huge potential for the market to grow at a steady pace as the restaurants expand, every five years if all goes to plan. There is no shortage of restaurants in the Dublin four area, which puts The Taster in a competitive market.According to Porter’s five force model The Taster is structurally attractively as they have an advantage over their rivals in relation to changing price with their set menus and the fact they can differentiate their product from others in the market with similar establishments. Market size: Market context: Here is the pest analysis for The Taster restaurant. All of these factors are inevitable and cannot be changed by the restaurant * The political factors include Government regulations for food preparation has been put to place to ensure the safety of customers in the restaurants.Food safety authority of Ireland has put a procedure called HACCP into place to regu late this. The government have full control over tax and vat rates. For the initial set up of the restaurant high interest rates might discourage us from borrowing money from a financial institution because it costs so much to borrow. * Economic factors are Inflation, which will increase the amount of wages for employees and automatically increase the business expenses as wages is one the highest expenses in a business. Eating ut in restaurants isn’t an essential it’s a luxury that many people in this economic climate cannot avail of as they have lack of disposable income. * Social factors include the huge increase in health awareness and people concern more about their diet and lifestyle.The Taster took this into consideration when creating their menu and included many healthy options to choice from. Over the past few years the media have put a lot of attention on healthy living and healthy life styles. The chefs had to take this into account when we are preparing the food in the kitchen.A lot of woman are now working full and part time and not staying at home so there is a huge decrease in the amount of people cooking at home as it is more convenient to eat out and get take- aways. * Technological factors in the restaurant have made significant changes for example when an employee puts a customer’s order into the till the order is sent directly to the kitchen so it saves time. The process of ordering food is made simply and efficient as the chefs can make food orders online. This allows them to order exact quantities of food at any given stage during the day even on weekends.Handheld computer devises also allows staff members to take orders quicker and not have to write it down, not only does this save on paper it also like the till sends orders directly to kitchen. Competitive positioning and advantage: The Taster’s positioning in the market will generate sales against the competition and give them a competitive edge over the oth er establishments. By offering the consumers a unique product, along with outstanding service, The Taster will stand out in comparison to the competition which is an attractive prospect for potential investors to the restaurant.Currently there are six other restaurants in the area and we are in direct competition with Casa Pasta & Pizza. They also have lunch specials and early bird menus to attract customers. The foods we are providing are very similar because they are both Italian so we have obvious similarities in the menus. The competitors will respond to a new restaurant opening in the market by been even more competitive with prices, quality and the service. They have an advantage over the direct competition that competes with what they are offering as they have a unique set up in the restaurant as it provides customers with samples of the food.They also have the advantage that they have a variety of food menus on offer to compete in the recession and cater for most people†™s budgets. The one disadvantage that The Taster has over the competition is that the other restaurants are well known and well established in the market place and have a regular customer base. Competitive Advantage: As mentioned above The Taster intends on competing with the competition by been unique, competitively priced, produce dishes from the finest freshest ingredients and serve the dishes with the highest standard of quality. Risk Factors: Risk| Comment/mitigation|What if there are customers that come in and try our food and samples and walk out? | We will not only rethink the way we produce our cuisine, but we will also rethink how we make our dining service more attractive. | What if a lot of disinterested passers are attracted by the offer and will go in and take the food samples and are generally being very messy? | They will have to look into hiring security in order to manage any antics that might occur from the disinterested people. | How will the restaurant fair wi th the Italian restaurant across the road and the ones in town?This risk is somehow too vague to consider quite just yet, although it will turn into a concern later on. | What will happen if the restaurant can’t manage to balance revenue from our expenses? | This is a possible problem that may occur in the early stages of the business if they don’t manage their expenses well. | What will happen if the main suppliers go out of business for whatever reasons? | They will have to figure out a way of contracting a back-up supplier in the likely event of something as unfortunate ever happening. | Exit StrategyThe Exit Strategy is one of the most important parts in the business. The company needs to ensure that the exit of the company and handing it over to another investor is successful. A plan has to be put into place to make the transition successful according to the company’s circumstances and any requirements that an individual shareholders of the company may have . Assuming The Taster turns into a successful business they intend on selling all of their assets and dividing the finance accumulated among the shareholders in proportion with the money they initially invested into the company.They are assuming they won’t be in debt and each shareholder receives a desirable profit from the business venture. The Taster exit strategy could be due to the liquidation of the company, the sale of the company or the strategic alliance with a partnering company. Although they are assuming they will be success they have to discuss all possibilities and outcomes with the investors to show them what will happen in the worst case scenario and inform them of all risks that are attached. The investors will review all risks and rewards and make a final decision if they want to invest into the company.

Purpose of Education Essay

Education Education is very important in life today to become successful. There are many necessary basic principles and things that a person will learn in school. One of these basic and most fundamental things is to read and write. Reading and writing is so important in life because it is hard to communicate and follow the rules of society without being able to or knowing how to do it. Many signs and rules are written out and if you can’t read you will be lost and unable to follow the rules. There is definitely more than one purpose of education. The purposes of education are to make an individual aware, to earn money, and to develop social skills. An individual learns many of the basic things about life in school. â€Å"The fundamentals of science and math, which one acquires during school, are pillars on which his understanding of life is based† (Oak). Basic addition and learning about the world in which we live is done in school. We become aware of the world and learn why certain things are the way they are. â€Å"It’s through education that you learned about yourself and the world around you. That’s the basic purpose of education – to make an individual aware.† (Oak). You learn about your body parts, why they are there, and what they do, in school. Even though these things might be simple, they are mostly learned in school. School is where people interact constantly and develop strong relationships. â€Å"Education helps an individual acquire social skills, which enable him to interact with people around, maintain social relations and blend well with others in society† (Oak). These social skills are used throughout a person’s entire life. No matter what everyone communicates with other people. Every job requires some type of communication, so these skills are very important to develop, which happens in school. Education also â€Å"exposes him to competition† (Oak). Today there is a lot of competition for jobs and to get into colleges. A person needs to learn to deal with competition and compete as best as possible, and this takes place in school. One of the most important purposes of education is to earn money. People are more enticing to employers when they have a college degree or a masters in a field of study than someone with only a high school diploma. The person with more education will most likely get the job because they are more qualified. â€Å"Many employers use your level of education to determine the salary that you will receive when you are hired† (Baker). People with higher educations receive more money. â€Å"Statistics show that people with higher education make as much as $200,000 more over a lifetime than those with lesser education† (Baker). It is almost impossible to live without money, so education provides a way to make more money so that you can live a better life by being able to afford all necessities. Then luxuries can be bought which make some people feel happy and more accomplished. Education is almost necessary today to find any job other than labor jobs. Education can only help in making a person more qualified for jobs that pay more. Even the basic knowledge along with the basic life skills and lessons learned in school can make someone a better well-rounded person. It will give them an advantage over people who are less educated. Everything in the world comes down to competition and education and the workplace is where the most competition occurs. The main purposes of education are to make an individual aware, to earn money, and to develop social skills. Works Cited Baker, Sam. â€Å"How Higher Education Can Make A Difference.† Grad Money Matters. Web. 21 Mar. 2012. . Oak, Manali. â€Å"Beliefs about the Purpose of Education.† Buzzle.com. Buzzle.com, 17 Feb. 2012. Web. 21 Mar. 2012. .

Proposal On Impact Of Financial Crisis On Fdi Finance Essay - Free Essay Example

Sample details Pages: 4 Words: 1216 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? Foreign direct investment being an important determinant of economic growth was affected badly during the recent financial crisis causing unemployment, fall in output and consequently losses.Therefore there has it has been of great importance to analyse it closely and develop appropriate strategy to ammeliorate the situation. The purpose of the research proposal in to provide a better understand of the influences of FDI before, during and after the financial crisis.furthermore importance was also given to other factors that has a direct relationship with FDI such as political stability and appropriate economic policies across different countries that is develped and developping countries.Moreover secondary data will be mainly use during the research and basing on that we will proceed with further analysis. The expected result of the study will determine in contrast to other countries the extent to which a particular countrys FDI has affected with its nearly unique ecomomic po licies.The benefit of this reasearch proposal will be mainly to those people dealing in the finance sector.. Don’t waste time! Our writers will create an original "Proposal On Impact Of Financial Crisis On Fdi Finance Essay" essay for you Create order TABLE OF CONTENT ContentÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦. Page NoÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ Introduction 4 Problem statement 5 Aims and Objectives 6 Methodology 7 Benefits of the Research 8 Time plan 9 Budget Analysis 10 References 11 Introduction Background Study Sine World War II, the deespest global final crisis the world economy suffered was in 2008-2009. Financial Crisis can be define as a global decline in ouput, employment and trade causing assets prices to fall sharply and consequently causing failures of large financial intermediaries, and disruption in foreign exchange market (Allen and Snyder 2009 adapted from De Bonis et al., 1999).For an economy to perfom well the smooth and easy flow of capital form the surplus units to the in-need units is required and across countries its called Foreign direct investment.In order to achieve economic growth and development hence boost the market position of the company, it should in engage itself in attracting other companies in purchasing material goods and shares (Ali and Shedlock, 2010). As mentioned before that FDI is the key that can lead a company to a superior position on the market while ensuring economic growth and development.However there is a need to understand the finanacial havoc that has occurred and the likely consequences to be followed. Firstly, the ineffectiveness of imoportant firms, many porsperous and popular banks in America and Europe experienced losses, for example Lehman brothers and the collapse of stock market caused a decline in the financial structure that weakened the world-wide economic performance (Chari, Christiano and Kehoe, 2008; Gupta 2010).Secondly the service sector such as airline and manufacturing companies was also badly affected by this crisis (UNCTAD, 2009).Hence a global analyse of the changes that have influence the evolution of FDI during the 3 state that is before, during and after the financial crisis is important. Moreover, beside there are other factors that have influence FDI but there only a few studies that has carried down to analyse their influence on FDI and financial development.Some of the studies are; how in the presence of political corruption, FDI and financial development would interact (Kholdy and Sohrabian, 2008; La Porta et al., 1998; La Porta et al., 1999, 2000, 2002; Mauro 1995; Morck et al., 2000) and how a flexible rate regime and the maintainance of economic policies frequently can help to overcome financial distress (Azvedo and Terra ,2009).Certain marketers and policy makers believes that theres exist certain solution to reduce this calamity. Problem Statement There are various problems that this study will face.They are as follows; Firstly, in assessing the impact of financial crisis on global FDI we will have to based and build on our study by using secondary data that is using data since it is nearly impossible to carry out our surveys and other method to collect data globally. While using secondary data weare relying on these information to proceed with our study.The problems that arises are that sometimes these information may not be necessarily true such that they have been subject to alteration and modification for personal interest of a particular party and secondly we might not find exactly what we were searching for but insstead have to sort the data in such a way that they fits our study. Secondly, we have to asses how developed and less developed countries were affected by this crisis.Assesing each country seperately has less importance than assesing the differential extent of the crisis to a particular country in relation to other country. This is a very challenging work as different country has different economic policies and political stability. Various types of flow of FDI are volatile as they fluctuate according to economic cycles and during period of crisis (Calderon and Didier, 2009). Aims and Objectives There are enormous litterature on FDI and our overall aim of this study is not to reinvent the wheel but to provide a better understanding of the factors influencing FDI, as financial crisis the main one and the impact of it on develop and less countries.The objectives are as follows The reaction of foreign direct investment with regard to fiancial crisis Its impact on the various types of FDI The impact on both developed and emerging countries The differential extent to which developed countries was affected with respect to developing countries The influences of other factors such as economic policies and political corruption on FDI across countries Measures taken to remedy the situation and analyse aftermath of the financial havoc on the global FDI activities. Methodology In our study we will make use of both qualitative and quantitative methods. We will make use mainly of qualitative methods because the research is based on real world observation. On the other side quantitative methods will be use to prove its significance on these countries. Qualitative methods Firstly observation in this case might not be a practical methods but however it can be used to help to create hypothesis. Secondly we will use interviews methods.It involves interviewing people that are engaged in activities of FDI such as Chief executive officers and Finance directors of multinational companies. Quantitative method Secondary data analysis witin this section. Secondary data are data that have been gathered for some other purpose.The principal soucres of these data can be obtain from littereture reviews, research papers and internet. Furthermore, questionnaires also will be used.Both probabilistic and non-probabilistic method of collecting data will be applied. These questionnaires aim at questioning mainly to investment institution, banking institutions and multinational companies. Benefits of the research This study will concentrate mainly on the financial sector and it will give a better view of the impact of financial crisis on FDI to many stakeholders such as government, multinational companies and investors.This will help them to can appropriate measures for prosperity.For example the government will manipulate his fiscal and monetary policies to attract multinational companies and on the other hand multinational companies will asses the impact on their profit and hence adopt a new plan of action for overcome it. Time Plan Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Proposal Analysis Methodology Literature review Research Research Planning Preparation Budgeting Writing it START SUBMISSION OFLITTERATURE REVIEW SUBMISSION OF RP SUBMISSION OF FINAL REPORT Budget Analysis Expenditures COST(Rs) Papers (10pgs @ Rs 2 each) 20 Printing 35 Binding 15 Internet Connection for 3 months( monthly fees RS 500) 1500 Questionaires 20 Transport Cost 100 Total 1690