Impact of Technology on Business Growth and Success: A Study on Tesco

This research study aims to determine the impact of advancement in technology on the business growth and success of Tesco. It will explore the concept of technology advancement, evaluate its role in business growth, and identify the challenges faced by companies in integrating advanced technology. The study will provide recommendations to improve business performance through advanced technology.

BUSINESS RESEARCH
PLAN

Table of Contents
Table of Contents.............................................................................................................................2
INTRODUCTION...........................................................................................................................3
Background.................................................................................................................................3
Literature review.........................................................................................................................4
Research aims and objectives......................................................................................................7
Research methodology................................................................................................................7
Sampling.....................................................................................................................................9
Accessibility................................................................................................................................9
Ethical issues...............................................................................................................................9
Significance...............................................................................................................................10
Deliverables..............................................................................................................................10
Required resources....................................................................................................................10
Time plan..................................................................................................................................11
EVALUATION OF INDIVIDUAL PLAN...................................................................................12
REFERENCES..............................................................................................................................14

TOPIC: “To determine the impact of advancement in technology upon the business growth and
success. A study on Tesco Company.”
INTRODUCTION
Background
The technology tends to have multiple positive effects upon the growth of the business. It
is significant to improve the operations of the business and makes it easier for the business to
carry out the business activities (Efobi, Tanankem and Asongu, 2018). It is useful for improving
the productivity and leads to greater success of the business. This study will determine the
impact of advancement in technology upon the business growth and success. Moreover, the
individual business plan also includes appropriate recommendation to improve business
performance by complying with advanced technology. Moreover, the technology is the latest
trend in the business and if this will not be followed then the business will not be in condition of
facing the high and intense competition in the global market. Thus, for this the adaption to the
latest technology is the only key for the success of the company.
Hence, the present research plan will assist the company in analysing the latest trends and
what will be the various challenges which the company will face in order to adapt to the latest
technology. The current research is being done on the company Tesco which is a British
multinational company dealing in the groceries and the merchandising and which is
headquartered in the Welwyn Garden City (Mian, Lamine and Fayolle, 2016). The company was
founded in the year 1919 by Jack Cohen and company deals in services like superstore,
supermarket, hypermarket and other related convenience stores. The current research plan will
outline the use of technology within the company and the impact and challenges of using the
latest technology.
Rationale
Advancement within the technology is increasing at an effective pace. This is a broader
concept and will help the researcher analyse the key results and outcomes associated with the
aim of the research plan. The investigator of the individual business plan carry out the specific
study because of the academic relevance. The investigator also had personal interest in the
specific subject matter to fill the gaps and attain better results.
Significance

This study is going to be very beneficial for further carrying out the study on the same
relevant topic and find out appropriate results. Another major reason was to understand the key
technology which has been used currently within the retail business to improve its operational
efficiency.
Literature review
Theme 1: To understand the concept behind advancement in technology.
Efobi, Tanankem and Asongu, (2018) established the relevant fact that, the technological
advancement is referred to as the discovery of new knowledge or information which helps in
advancing the understanding associated with technology. It is useful for improving the
productivity and leads to greater success of the business. The significant technologies which are
considered to be prominent for the business are artificial intelligence. It is significant in
increasing the sales of the company and also helps in automating the specific work process by
providing the predictive analysis. It also significant for the better management of the inventory
and helps in the detection of the fraud. Subsequently, Singh and Prasad, (2015) argued that,
advancement within the technology is significant to improve the operations of the business and
makes it easier for the business to carry out the business activities. Another effective technology
is augmented reality. It is useful in providing digital visual for the real world environment.
As per the views of Zhang and et.al., (2016) stated that, internet of things another
prominent technology which helps in taking advantage and is useful in monitoring the efficiency
and productivity of the business. It is prominent in speeding up the employee mobility and helps
in allowing the team members to be highly productive. Internet of things in business is
significant in monitoring and also transferring the data in order to effectively monitor the key
relevant process. It helps in boosting up the efficiency and taking effective set of informed
decision. Cloud computing is a significant technology which helps in gaining access to the data
virtually. It helps in accessing the wide set of data.
Theme 2: To critically evaluate how technology advancement leads to business growth
and success.
Rajarathnam and Vassallo, (2016) established the relevant fact that, the technology
advancement is considered to be important because it helps in improving the results and outcome
of the business. The technology advancement helps in better access to the resources and is useful
in carrying out the business operations with utmost degree of accuracy. Technology is considered

to be significant because it helps in improving the communication within the business.
Communication breakdown eventually leads to wide set of disaster for the employees as well as
for the business. Advancement within the technology helps in improving the performance and
productivity. Improvement within the technology helps employees to focus on more important
work and reduce the lay time within the business. Advancing within the technology helps in
keeping employees engaged. It is useful and in collaboration between the workers of the
company by scheduling important meetings and deadlines on the electronic calendar. This way it
helps in improving the flexibility and performance within the organisation.
Subsequently, Wu and et.al., (2016) argued that, Technology has been growing at a faster
pace. This results in new innovation within the technology and helps in improving the
communication and relationship. Advance when will the technology is significant because it has
an increasing the capacity to carry out the business operations. Customer relationship
management technology is to increase the capacity of the business and attain better set of results.
Advancement within the technology is significant because it helps in providing real-time services
to the customers. As per the views of Jamesh and Prakash, (2018) stated that, technology tends to
perform various set of mundane task and allow employees to focus on more important task. This
way it helps in saving the money and time. It is useful in driving growth and success of the
business by improving the operations and attaining greater heights. This way it helps in attaining
organisational as well as economic goals for higher sustainable growth and outcomes. It helps in
establishing the business at international scale and leads to better sales and profitability.
Theme 3: To determine the key challenges faced by company while integrating advanced
technology.
As per the views of Binsawad, Sohaib and Hawryszkiewycz (2019) the use of technology
is very beneficial for the company but with this there are also some of the attached drawbacks
and limitation of the use of technology. The most common challenge being faced by the
company at time of integrating the technology within the business is that increase in the cost of
company. This is particularly because of the reason that when the company will implement new
and latest technology then this will include heavy charges of its installation. In the same manner
the company will also have to incur the maintenance cost of the company as the technology
needs regular maintenance and proper care. Thus, these charges may be very high and it may be

possible that the company is not in condition of bearing those charges the technology gets
obsolete.
On the other side, Abdullahi (2017) argues that the major challenge for the company in
implementing latest technology is the providing of training to the employees. This is the major
challenge because of the reason that when the new technology is being implemented then it is the
responsibility of the company that they will provide for opportunities of training to the
employees. Thus, in this case again the company will have to incur the cost as they will have to
hire some professional or the expert who are having good knowledge and information relating to
the technology. This is necessary if the recruited person is not having proper knowledge then it
will be waste of money and the company will have to bear more cost. Also, in addition to this the
company also has to hire a particular person who will keep the track of the changes taking place
in the technological environment. This is essential as there are many different changes and up
gradations taking place in the technological sector and if the company will not keep a track and
will not adapt to is then they will become obsolete. Thus, this also calls for the company to have
a person being hired for the analysing the market and changing pattern in the technological
sector.
Along with this Wonglimpiyarat (2016) articulates that another major challenge which
the company faces in order to install the new technology within the company is the resistance of
employee to adapt to new technology. This is majorly because of the reason that when the
company install the new technology then the employees feel that their importance within the
company will decrease as all the work will be done by the technology only. Thus, the employees
resist in adapting to the latest technology as this will reduce their importance within the
workplace and they might be kicked off from the job as well. Hence, due to this reason that
company is installing the technology then at that time the employees will not be happy and they
will not work in proper and effective manner and will decrease the productivity of the company.
In addition to this Xiao and North, (2017) criticizes the fact and states that the major
challenge for the integration of the technology in the business is the risk and the risk of
information security. This is a major challenge for the company as when the technology is being
implanted within the company then this has a risk associated with it. This is majorly because of
the reason that the technology is the use of machine and there are uncertainties that the machine
may stop at anytime. Thus, this will have a great impact over the working of the company and

the technology. This is majorly pertaining to the fact that the business environment is uncertain
and the company cannot predict what will happen in future. Thus, there is always an uncertainty
as what will happen in future. Also, there are very frequent changes in the technology as well
and if the company will not adapt to these changes timely then they might become obsolete.
Research aims and objectives
Aim
“To determine the impact of advancement in technology upon the business growth and success.
A study on Tesco Company.”
Objectives
 To understand the concept behind advancement in technology.
 To critically evaluate how technology advancement leads to business growth
and success.
 To determine the key challenges faced by company while integrating advanced
technology.
 To provide appropriate recommendation to improve business performance by complying
with advanced technology.
Research questions
 What do you understand by the concept behind advancement in technology?
 How technology advancement leads to business growth
and success.
 What are the key challenges faced by company while integrating advanced technology?
 What are appropriate recommendations to improve business performance by complying
with advanced technology?
Research methodology
Type of research- research can be conducted by using various types of methods but the
most common is the qualitative and the quantitative research. In the qualitative research the
major preference is being given on the analysis of the non- numeric data that is values and
attributes. On the other side in the quantitative type of research the major preference is being
given to the analysis of the numbers and all the numeric facts and figures (Kumar, 2019). Thus,
for the completion of the present research, the research will make use of the qualitative research.

The major reason underlying this fact is that the use of the qualitative research will assist the
researcher in learning more of the theoretical aspect relating to the research topic.
Approach for research- the approach for the research is defined as the assumptions which
are the basis under the selection of the methods of the research (Mohajan, 2018). The approach is
of two different type that is inductive and deductive approach. In the inductive approach the
main preference is given to the formulation of the aim and objective relating to the research
topic. In contrast to this under the deductive approach the hypothesis are being formulated
relating to the topic of research. For the completion of the current research study, the major
preference will be given to the inductive approach. The reason underlying this is that the framing
of the aim and objective will give a direction to the researcher in successful completion of the
research.
Philosophy of research- the philosophy is defined as the belief which is underlying use of
any of the research method. The philosophy is of also two different types that is interpretivism
and positivism. The interpretivism is the philosophy majorly focuses over the integration of the
interest of the human in the whole study as this includes very common information. On the flip
side the positivism is the philosophy which includes the use of factual information relating to the
topic of research. Thus, in order to complete the research in successful manner the researcher
will make use of the interpretivism as the philosophy of research. The major reason behind this is
that this will develop the interest of the readers in the study.
Collection of data- this is the most crucial stage in the completion of the research in
successful manner. This is majorly because of the reason that if the data will not be there then the
research will never be completed in successful manner. The major reason underlying this
statement is that whole study of the research is based over the data collected related to research
topic (Snyder, 2019). The sources of data collection are primary and secondary source of data
collection. The former source is referred to as the first hand data which is being used in the
research for the first time. On the other side the latter is related with the second hand data or
already used data. For the successful completion of the research the researcher will make use of
the combination of the primary source in form of questionnaire and the secondary source in form
of the literature review to support the primary data.
Analysis of data- this is also very crucial because just collecting the data is of no use and
if the data will be used in the proper manner then this will bring out some meaning. Thus, for the

analysis of the data the researcher will make use of thematic analysis wherein the themes will be
formulated and then the data will be tabulated and related graphs and charts will be made. In the
end interpretation of the data and the chart will be made which will help researcher in getting to
some conclusion (Ørngreen and Levinsen, 2017).
Sampling
This is the most important thing to be decided for the research to be successful. This is
majorly because of the reason that the whole population cannot be studied and for this purpose
some of the people from the whole population is being selected and all the study is undertaken
on those sample. For the purpose of selection of sample the researcher will make use of the
random sampling method as the under this method every participant within the population has
equal chance of getting selected as a sample. Thus, for conducting the present research the
sample of 50 employees of Tesco will be selected and all the primary data will be collected from
them. The random sample are being selected as the data collected from them can be generalised
to whole population.
Accessibility
The accessibility is referred to as the fact that the whether the data is accessible or not in
easy manner. If the data of the research will not be easily accessible then the research will not be
good and successful. This is particularly because of the reason that if the data will not be easy
and simple to understand then the readers will not like the research content. Hence, the research
will not be successful and will not be liked by the users of the research. On the other side, if the
data will be easily accessible and in clear understanding of the readers then this will assist the
researcher in successfully accomplishing the research. This is particularly because of the reason
that this research will make more readers attract towards it as the data is easily understandable by
the readers.
Ethical issues
This is the most essential aspect of the research to be successful as if the research will not
be based on the ethical principles (Fletcher, 2017). This is due to the reason that if the research
will not be ethical then the people will not like it. Thus, for this the major ethical consideration
for the researcher is to manage the data and to use reliable and valid data only. Another major
ethical consideration is the getting the sign of the respondent over the ethical approval form. This

is essential as this form provides the authentication that the personal information provided by the
respondent can be used in the research (Humphries, 2017).
Significance
The significance is referred to as the importance of the project or the research which is
being undertaken by the researcher. The current research is of great significance and importance
as this will help Tesco in identifying the various methods which will assist the company in
gathering the information relating to technology and easy application to the technology within
the business. This is essential as this will provide a way to the company that how they have to
implement the technology and thereafter manage the technology. Thus, this will also help the
other related companies and the competitors of the Tesco in using the same information in the
management of the technology within their business as well. Also, in addition to this the use of
this information of the researcher is of significance to the other researcher as well who are also
doing the same or similar research.
Deliverables
The deliverable is defined as the thing or the outcome which the research project will
deliver after the successful completion of the research. This is particularly because of the fact
that the deliverable is the outcome of the research that is what the research was intending bring
out from the research. The major deliverable of the present research over the impact of the
advancement of technology over the growth and success of the business is that the technology
will assist the company in gaining a competitive advantage over the other competitors. This is
particularly because of the reason that when the research will result that technology is helpful for
the business then the other business will also try to include and adapt to the new and latest
technology. Thus, this will motivate the other business as well to adapt to the latest technology.
Required resources
The resources are the things and the substances which are essential for the researcher to
use in the completion of the research. This is essential because of the reason that if these
resources will not be used by the researcher then the research will not be successfully
accomplished. Thus, the main resources for the use and successful accomplishment of the
research is the human resource, finance, technology, computers, travelling expenses, internet and
other electronic equipments, electricity and different types of bills and many other resources. In

addition to this the financial resources are the most important and common resource as if this
will not be there then the research will not be completed in proper and effective manner
(Taherdoost, 2016). This is particularly because of the reason that the finance is the core
necessity for the research to be successful.
Time plan
Task Mode Task Name Duration Start Finish Predecessors
Auto
Scheduled
Selection of the aim and objectives
relating to the topic of research 5 days Thu 8/20/20 Wed
8/26/20
Auto
Scheduled
Reviewing the different sources of
literature 7 days Thu 8/27/20 Fri 9/4/20 1
Auto
Scheduled Selecting the methods for the research 5 days Mon 9/7/20 Fri 9/11/20 2
Auto
Scheduled
Formulation of the questionnaire as
per aims and objectives 3 days Mon
9/14/20
Wed
9/16/20 3
Auto
Scheduled
Providing questionnaire to the
respondent in order to collect data 6 days Thu 9/17/20 Thu 9/24/20 2,4
Auto
Scheduled
Collection of data from other sources
as well 7 days Fri 9/25/20 Mon
10/5/20 5
Auto
Scheduled
Interpreting and analyzing and
evaluation of the collected data 12 days Tue 10/6/20 Wed
10/21/20 6
Auto
Scheduled
From the interpretation drawing
conclusion and recommending for
some changes
3 days Thu
10/22/20
Mon
10/26/20 7
Auto
Scheduled Conducting formatting of the report 3 days Tue
10/27/20
Thu
10/29/20 8
Auto
Scheduled Taking feedback from the tutor 3 days Fri 10/30/20 Tue 11/3/20 9
Auto
Scheduled
Doing the changes on accordance
with the feedback provided by the
tutor
3 days Wed
11/4/20 Fri 11/6/20 10
Auto
Scheduled
Final submission of the research
project 1 day Mon
11/9/20
Mon
11/9/20 11

EVALUATION OF INDIVIDUAL PLAN
With the evaluation and analysis of the above whole research plan it was clear that this
plan is very essential to be made by the researcher. This is particularly because of the fact that
this will provide a blueprint to the researcher that in which direction they have to work. With the
evaluation of the research plan it was seen that the forming of the aim and objective was very
essential as if the aim and objective were not made in correct manner then the research would
have not been successful. Thus, for this it was very essential for the research to be successful that
the accurate aim and objectives are being formulated by the researcher.
With the continuation of the research it was seen that the reviewing of the various sources
of the literature was very helpful in gathering the secondary data. This was due to the reason that
when the primary data was analysed then at that time this will be supported with the secondary

data which is collected in form of the literature review. Also, with the evaluation of the plan it
was seen that deciding the methods of research in advance was very helpful for the researcher.
This is majorly because of the reason that this will assist the researcher as they already know
what method they have to select and why. This was very good and helpful for the researcher as
they do not have to work much over the selection of the method as once selected they will be
applied.
But on the evaluation of the research plan it was seen that the collection of the data was a
tough task. This was majorly because of the reason that there are many different types of
websites which provide same and similar data. Thus, it is very confusing that which website to
be used by the researcher for the collection of the data. This was majorly because of the reason
that it is not possible that every source will provide for the authentic and relevant information.
Thus, for this it is the negative aspect as there is not surety that which data is being used is
reliable and valid or not. Thus, for this the researcher cannot make sure that which data source
must be used by them.
In addition to this another constraint during the whole research was the issue of the time.
This is particularly because of the reason that the time provided for the research was very
limited. Thus, it was very tough to make use of the limited time to complete the whole research
in successful manner. Thus, this created many problem and issues as it was very difficult for the
researcher to decide that which activity of research need to completed in what time frame. But in
the end it can be said that even though there were much limitation and negative aspect but then
also the research was completed on time and with good result and the result were also as per the
expectation.

REFERENCES
Books and Journals
Abdullahi, N.A., 2017. Technology Business Incubation As Strategy For Entrepreneurship And
Sme Development In Kano, Nigeria. Wukari Journal of Public Sector
Management. 1(1). pp.93-119.
Binsawad, M., Sohaib, O. and Hawryszkiewycz, I., 2019. Factors impacting technology business
incubator performance. International Journal of Innovation Management. 23(01).
p.1950007.
Efobi, U.R., Tanankem, B.V. and Asongu, S.A., 2018. Female economic participation with
information and communication technology advancement: Evidence from Sub‐Saharan
Africa. South African Journal of Economics, 86(2), pp.231-246.
Fletcher, A.J., 2017. Applying critical realism in qualitative research: methodology meets
method. International journal of social research methodology. 20(2). pp.181-194.
Humphries, B., 2017. Re-thinking social research: anti-discriminatory approaches in research
methodology. Taylor & Francis.
Jamesh, M.I. and Prakash, A.S., 2018. Advancement of technology towards developing Na-ion
batteries. Journal of Power Sources, 378, pp.268-300.
Kumar, R., 2019. Research methodology: A step-by-step guide for beginners. Sage Publications
Limited.
Mian, S., Lamine, W. and Fayolle, A., 2016. Technology Business Incubation: An overview of
the state of knowledge. Technovation. 50. pp.1-12.
Mohajan, H.K., 2018. Qualitative research methodology in social sciences and related
subjects. Journal of Economic Development, Environment and People. 7(1). pp.23-48.
Ørngreen, R. and Levinsen, K., 2017. Workshops as a Research Methodology. Electronic
Journal of E-learning. 15(1). pp.70-81.
Rajarathnam, G.P. and Vassallo, A.M., 2016. The Zinc/Bromine Flow Battery: Materials
Challenges and Practical Solutions for Technology Advancement. Springer.
Singh, A. and Prasad, S.M., 2015. Remediation of heavy metal contaminated ecosystem: an
overview on technology advancement. International Journal of Environmental Science
and Technology, 12(1), pp.353-366.
Snyder, H., 2019. Literature review as a research methodology: An overview and
guidelines. Journal of Business Research. 104. pp.333-339.
Taherdoost, H., 2016. Sampling methods in research methodology; how to choose a sampling
technique for research. How to Choose a Sampling Technique for Research (April 10,
2016).
Wonglimpiyarat, J., 2016. The innovation incubator, university business incubator and
technology transfer strategy: The case of Thailand. Technology in Society. 46. pp.18-27.
Wu, C.H and et.al., 2016. Advancement and applications of peptide phage display technology in
biomedical science. Journal of biomedical science, 23(1), pp.1-14.
Xiao, L. and North, D., 2017. The graduation performance of technology business incubators in
China’s three tier cities: the role of incubator funding, technical support, and
entrepreneurial mentoring. The Journal of Technology Transfer. 42(3). pp.615-634.
Zhang, X and et.al., 2016. The impacts of wind technology advancement on future global
energy. Applied energy, 184, pp.1033-1037.