Business operations Assignment : Tesco
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Added on 2021-01-02
Business operations Assignment : Tesco
Added on 2021-01-02
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Table of ContentsTopic:-..............................................................................................................................................3CHAPTER 1: INTRODUCTION(500)...........................................................................................3Brief and overview of research ..............................................................................................3Rationale of research..............................................................................................................4Activities and timeline............................................................................................................4CHAPTER 2: LITERATURE REVIEW.........................................................................................52.1 Introduction .....................................................................................................................52.2 Literature review..............................................................................................................6CHAPTER 3: RESEARCH METHODOLOGY.............................................................................83.1 Research Approach...........................................................................................................83.2 Methodology.....................................................................................................................9CHAPTER 4: DATA INTERPRETATION..................................................................................104.1 Data collection................................................................................................................104.2 Data analysis, presentation and discussion.....................................................................10CHAPTER 5: CONCLUSION & RECOMMENDATIONS.........................................................215.1 Conclusion......................................................................................................................215.2 Recommendation............................................................................................................22CHAPTER 6: PERSONAL REFLECTION STATEMENT(200).................................................226.1 Research methods used in project..................................................................................226.2 Research methods that could be used.............................................................................226.3 Area of further research .................................................................................................22REFERENCES..............................................................................................................................23Topic:-“To outline positive economic, cultural and ethical impact of globalisation on Tesco's businessoperations.”
CHAPTER 1: INTRODUCTION(500)Brief and overview of research Globalisation refers to a procedure of trading commodities of a company across nationalboundaries. It provides various ways through which organisations can easily expand theirbusinesses at international market and gain advantages to earn competence. But it creates intensecompetition as well that assist firms to develop effective strategies, before moving business atglobal platform (Agnew, 2017). In context with retail industry, globalisation of businesses hasenhance the customers demands more as they expect to get highly efficient services. Therefore,due to globalisation, such demand of customers raise more high competition that pressuriseretailers to deliver products and services in best manner. The present research is going to make an investigation on positive impact of globalisationon retailers. For this purpose, TESCO has been chosen that deals in retail sectors and operatebusiness in many countries. It is a multinational retailer which deals in general merchandise andhaving its headquarter in UK. It deals in several product categories like Books, electronics,clothing, toys, furniture, financial services etc. TESCO has expanded its business over severalgeographical regions throughout world and as a result of which it get economical, cultural andseveral other benefits through its globalised operations (Amin, 2014). This is because, TESCOfocuses more toward customer satisfaction and fulfilling their demand, as a result of whichcompany become able to mark its success globally and get economical as well as expansionrelated benefit throughout its efforts. This has made TESCO a third largest retailer around theworld.Research Aim ''To outline positive economic, cultural and ethical impact of globalisation on TESCO's businessoperations.Research ObjectivesTo understand the concept of globalisationTo analyse positive economic impact of globalisation on retail business operationsTo analyse challenges of managing economic, cultural and ethical at workplace practicesin context to globalisation.
To recommend ways in managing economic, cultural and ethical business operations inglobalisation.Research QuestionsWhat is concept of globalisation?How to analyse positive economic impact of globalisation on retail business operations?Analyse challenges of managing economic, cultural and ethical at workplace practices incontext to globalisation?Recommend ways to manage economic, cultural and ethical business operations inglobalisation?Rationale of researchThe main aim behind conducting investigation over “To outline positive economic,cultural and ethical impact of globalisation on TESCO's business operations.” is that it help indetermining the benefits that company get after its global expansion. In addition to this it alsohelp in determining several issues as well as challenges that company face at global market andways through which it overcome and mark its success globally. Apart from this it also helpresearchers in enhancing their skills and knowledge about the concept of globalisation andseveral tools and techniques which are basically used to conduct investigations effectively. Thiswill further support in performing future investigations effectively (Benyon and Dunkerley,2014). Despite of this data gathered throughout the investigation can also used for educationalpurpose that help in enhancing the knowledge of students regrading the ways in which businessoperate at global level by taking real life example.Activities and timelineThis section consists of an overview regarding the number of activities that are to beundertaken throughout the investigation along with the time required by them to cover all theseactivities as per given period of research accomplishment (Crane and Matten, 2016). Theseactivities and their schedule will be presented with the help of Gantt chart which is mentionedbelow:
Activities1stweek2ndweek3rdweek4thweek5thweek6thweek7thweek8thweek9thweek10thweekSelecting researchtopicCreating aim andobjectivesDefining researchquestionsDetermining therationale behindresearchpreparing literaturereviewcollecting theinformationpreparingquestionnairesanalysing the datacreatingrecommendationconclusion of reportfinal submissionCHAPTER 2: LITERATURE REVIEW2.1 Introduction Literature review is defined as a comprehensive summary of several scholarly paper orarticles that are published earlier over similar concept and now used to develop an understandingregarding current topic (Dunning, 2014). The main reason behind using this is to develop atheoretical base for current investigation so that I can further expand over established fact anddetermining the nature of investigation. 2.2 Literature reviewThe concept of globalisation
As per the view of John William, 2018 Globalisation is defined as the process of multi-national integration which is developed with the exchange of global view, ideas, product or otherelements of culture. Globalisation is consider as manifest within the growth and development ofworld trade as proportion of output. It is basically concern with the concept of businessexpansion over several geographical regions in order to increase market share, customer base andavailing several opportunities present at global market that help in achieving competitiveadvantage throughout the world (Papastergiadis, 2018). This help in enhancing the quality ofservices offered by companies as globalisation of business also leads to integration of culture aswell as practices adopted by companies to cater the need of customer over several geographicalarea. This in turn help in improving the operations of a particular company that entered into newmarket getting involve within the culture of that particular area. In addition to this expansion ofbusiness help a company to gain economical, cultural and social benefit which further contributetoward enhancing the profitability of business at global market. Apart from all these benefitsthere are several challenges which an organisation has to face while internationalising itsbusiness operations such as economical, legal, cultural differences etc. that may affect businessoperations.Positive economic impact of globalisation on retail business operationsAs per the view point of Enloe, 2016, globalisation help in improving the performance aswell as market approach of an organisation which in turn help in providing economical benefit tocompany. There are several ways through which an organisation get economical benefitthroughout the world as globalisation support a company in availing several opportunitiespresent at global level which in turn help in growth as well as development of organisation.TESCO is well known international brand which operates its supermarket chain throughout theworld that help it a lot in expanding its business and achieving greater success as well aseconomical benefit throughout the world (Ritzer and Dean, 2015). With global expansion,TESCO become able to enhancing its brand image throughout the world that help in enhancingits economical base as people prefer to purchase items from a trustable and reliable place. Thehigh quality services it offers and goodwill company maintain helps a lot in its expansion atglobal market. In addition to this, global expansion also increased the capital of the company asthrough internationalisation it become able to enhance its customer base and market which inturn increase the sales as well as profitability (Hirst, Thompson and Bromley, 2015). With the
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