Any new project must always be controlled or managed by stakeholders. Stakeholders are individuals who are interested in an organization for academic, philosophical, social, or political reasons. The world is moving very fast and the ways of keeping in touch with economic times have become very important (Mahon & McGowan, 1996). Thus, people have come up with projects across the world, which they expect will be profitable in the long run and help them cruise through the hard economic times. The project in this case is the establishment of a cloth line at the centre of one of the busiest streets in town. This project’s objectives are to reach out to a number of customers and beat stiff competition from rival cloth lines. The possible stakeholders for the research project include a professional designer, a political leader, and an accountant. The size of the project makes the number of stakeholders very few. First, as a stakeholder, the project designer’s role is to propose the best clothes that follow the fashion trends in town. The political leader’s role in the project is to ensure that all the necessary certification documents are obtained and processed fast. Finally, the accountant’s role as one of the stakeholders is to ensure financial accountability throughout the project.
In the establishment of any project, there are a number of factors that often act as distractions. This project is no different. For instance, social factors such as age of the customers, fashion trends and customer relations among others will greatly influence the project. Besides, political factors will also influence the rolling out of the project. The political factors include licensing, taxation and the projects adherence to environmental conservation and safety measures. On the other hand, there are personal factors which will influence the project. The personal factors include the intent of the stakeholders, hard work and accountability. All these factors will determine the success or failure of the intended project (Fassnacht, 1985).
The establishment of projects not only depends on stakeholders but also other interested groups. For instance, in this project, unemployed youths between the ages of 20 to 25 years will form an integral part in the development of the research project. Their main role will be to single out the best location of the project, which they think or see as easily accessible for the probable customers. Moreover, the youths would play an integral part in the selection of the products (fashionable clothes) that would sell very fast to the customers. The other interest group who would be involved in the project is the transport sector operators. Transportation of goods to and from the market is a very important part of any business hence such individuals would help in coming up with the ideas about the transportation of materials to the site of the project and from the site to the customers.
This research project is scheduled to come up with a substantial and profitable business in the long run. However, like any other research project, there are patterns that might influence the direction of the project, either in a positive or negative way. To begin with, the fluctuation of the prices of commodity in the market, will undoubtedly, influence the direction of the research project. That is to say, if the funds available for the purchase of the project are less, then definitely the project is headed to the wrong direction. The other pattern that would definitely influence the direction of the research is the behavior of customers in the clothing industry. Clothes are products that are sold year in year out, and are not perishable. However, they have to keep with the trending fashions. Thus, if the research finds out that the products preferable to the customers are not readily available, then without doubt, the research is headed to a wrong direction.
In the end, before the rolling out of the project, there are specific policies that must accompany or rather be included in the research. The policies will possibly have several implications in the market. For instance, the policies will definitely ensure that the existing clothing lines in town step up or rather close business. The other implication of the research policies is that customers will be forced to shift from their previous clothing lines and embrace the new one that is scheduled to be opened in town. The other implication of the research policies is that the environment will be managed and conserved such that those around the location of the project will appreciate its presence (Kleinaltenkamp & Ehret, 2006).
This research project aims at coming up with a number of policies that will enhance or propagate its success. One of the policies that might result from the research is that provision of quality services and products will or must be part and parcel of the project. This will put the existing clothing lines on toes and ensure that they step up in their operations and activities. The other policy that might result from the research is the adoption of environmental conservation measures. These will help ensure that the environment around the project’s location is safe for the residents and customers.
Fassnacht, S. G. (1985). Factors influencing the outcomes of rural development projects: A systems approach.
Kleinaltenkamp, M., & Ehret, M. (2006). Relationship theory and business markets. Bradford, England: Emerald Group Pub.
Mahon, J. F., & McGowan, R. (1996). Industry as a player in the political and social arena: Defining the competitive environment. Westport, Conn: Quorum Books.