Strategies for Expanding and Diversifying Tasks in Emerging Markets: A Case Study on Tesco
Verified
Added on  2023/01/12
|25
|4947
|22
AI Summary
This research report explores various strategies that can help businesses expand and diversify tasks in emerging markets, using Tesco as a case study. It discusses the advantages of globalization, the benefits for retail organizations like Tesco, and the strategies that can be applied by companies like Unilever to enter new markets.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Business Research Plan
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Contents INTRODUCTION.................................................................................................................................4 Research aim and objectives..................................................................................................................4 LITERATURE REVIEW......................................................................................................................5 Research methodology..........................................................................................................................7 Research Philosophy..........................................................................................................................7 Research Approach............................................................................................................................8 Research Strategy..............................................................................................................................8 Research method...............................................................................................................................8 Accessibility......................................................................................................................................9 Ethics.................................................................................................................................................9 Sampling............................................................................................................................................9 Data analysis, presentation and discussion......................................................................................12 Recommendation.................................................................................................................................18 Conclusion...........................................................................................................................................20 Business research plan.........................................................................................................................21 REFERENCES....................................................................................................................................26
TITLE– “To recognize various strategies which help the business entity to expand and diversify tasks in appearing market. A case study on Tesco. INTRODUCTION Globalisation can be regarded as the basic procedure that can be used for purpose for increasing the interaction among companies and institutions that are part of other countries. It enables various businesses to expand successfully to other markets(Paus, 2020). The present research report is used for purpose of gathering information at both the primary & secondary sources that can be used by Unilever for the purpose of entering in markets that are emerging. Based on research conducted by researcher there has been some recommendation that are being drawn for purpose of achievement of certain laid objectives. Research aim and objectives Aim of the research:The major aim of the research is identification of some strategies that can be helpful for a organisation in entering in international markets. A case study on Tesco. Objectives of the research: The objectives of present research are : To understand the basic meaning of the tern Globalisation Understand the advantages and benefits that are associated with a organisation adopting the process of globalisation To form some of the strategies that can be applied in Unilever for entering in such markets Research Questions: What can you understand by the basic concept of Globalisation? What are some advantages associated with Globalisation for a retail organisations like Tesco? What can be some of the strategies that can be used by organisations so that they are able to expand themselves across global markets? Rationale of research: The present research report is very useful in development of the understand of the concept and other scenario related to globalisation. Also, there is understood of the benefits associated with this concept for emerging and growing retail organisations. Research report will be very
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
helpful in collection of primary and secondary form of available data that can be applied on courseofbusinessfunctionfordrawingvariousconclusionandmakingsomeuseful recommendations(Leeand Eckhardt, ., 2017). LITERATURE REVIEW Concept of Globalization As per the point of view of vim tyar, (2017)it has been said that globalization refers to a terminology where different types of business entity expand their functionality across the world.In general term, globalization define asthe connection ofvariousparts of worldwhich results in the businessexpansionfrom one place to another in order to gain opportunity available at the new marketplace.This is a method where companies perform their business operations at international marketplace so that they can enhance their market share and profitability. In addition to this, it has also been identified that by adopting globalization method in an effective manner, sales margin of the company will be enhanced. According to the current environment, it has been identified that globalization is a tool which helps in performing business operations at international level in an appropriate and effective manner. This will help large number of organizations in order to grow and get success at the market area. Apart from this, it has also been analysed that by adopting this technique, management team of the organization can effectively operate their activities at new marketplace which leads towards the enhancement of profitability. Different authors have there own view point where they says that globalization is an effective tool which assist a business entity in order to expand their business functions at global market place so that they can grab ample number of opportunities available at the market in an effective manner. This will also help them in theirgrowthanddevelopmentatthecompetitivemarketplaceandbeatthelevelof competition. Furthermore, it has also been said that globalization define as a tool commonly used by management team of each and every business organization in the current business environment so that they can effectively expand their business functions at the international market. As a result, adopting globalization in an effective manner help a business entity in order to increase their sales and profitability of the company. Therefore, it has concluded that globalization is an effective method with the help of which business organization can effectivelydobusinessexpansionatnewmarketplacewhichleadstowardsthe accomplishment of organizational goals and objectives in an effective manner.
Advantagesandbenefitsassociatedwiththeorganisationadoptingtheprocessof globalisation According to the view point of Tejvan Pettinger, (2019), globalisation have many advantages and benefits to an organisation. One of the major advantage is it develop the opportunities for company to strengthen their market position and earn higher profits as well. Due to globalisation, there is decline in global inequality that has a positive influence on the productivity as well as efficiency of staff members prevailing at workplace. The company have the benefit to enhance their revenue level which leads to increase in market share of an organisation. Another benefit associated with the globalisation is access to new talent that assist company to increased productivity in an effective and proper manner. Sometimes company choose to do international expansion with an aim to attain competitive advantage at marketplace(Levius,Safa,andWeeks,2018).Thecompanyoftenhavefirst-mover advantage that allows to develop a string brand image at marketplace that leads to increase in efficiency and profitability of an organisation. Strategies that can be applied in Unilever for entering in such markets On the basis of view point of(Brown, 2020),it has been analysed that there are various types of strategies which need to be adopted by the management team of an organization while entering into new marketplace. It is said that there are different types of strategies which needs to be adopted by the management team of a business entity so that they can attain their organizational goals and objectives of the company in an effective manner. By implementing all the strategies related with globalization in an appropriate manner, it has been said that managers will be to perform their functionality in new marketplace effectively. It is said that managers need to adopt all these strategies and plans in an appropriate manner so that they can perform all the operations in an effective manner while expanding their business functions at international marketplace. In addition to this, it is said that strategies need tobe formulated by the higher authorities after examining the whole marketplace so that they can take effective decisions within given time frame. It can easily be understood with an example that management team of Tesco decided to expand their business functions at new marketplace and for this, they need to adopt various types of strategies such as pricing strategy, marketing techniques and many more(Popple, 2018). In reference to
pricing policy, price penetration, management team needs to lower down their Price as compared to other competitors company so that they can maintain their position at the marketplace in an effective manner. Apart from this, it is also very necessary for the higher authorities to identify the strategies followed by rivalry companies so that they can modify their plans and policies according to the requirements.This will help them in grabbing large number of customers towards the company and increase their profitability in an effective manner. On the other hand, another essential strategy is marketing techniques with the help of which company will be able to create awareness about the products among customers. This is a technique where both online and offline methods are adopted by the management team so that they can attract large number of customers towards the company in an effective manner. Therefore, managers need to adopt all these strategies and policies while expanding their business functions at international marketplace. These plans and strategies helps an organisation in order to gain competitive advantage at the market place and maintain long term sustainability within the market area. Research methodology Research Philosophy Research philosophy is a belief in which a investigator has to follow a complete research in a more appropriate manner. There are majorly two types of research philosophy that can be sued by a researcher(Rosskam, ., 2018). Such as it consist of positivism & interpretivsim. In the present research report there is use of interpretivsim philosophy for the purpose of collecting accurate data and with the help of various methods such as personal interview, observation and generation of more positive outcomes, the overall research
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
philosophy consist of variousresearch approaches, collectingdata techniquessuch as qualititative and quantitative data, various identified sources of collecting data etc. Research Approach There are mainly two major approaches that have been identified to be used by a researcher that is deductive and inductive approach. These tow approaches are discussed below: Inductive approach:It is a research approach in which the investigator has to develop a detailed knowledge about the basic understands of a particular topic and then carries out research in a more effective manner(Clandinin, Cave. and Berendonk, 2017). Addition to this there are various methods that are used by researcher for purpose of enhancement of their overall knowledge and skills related to some specific topics of a research. Deductive research: It is a approach that is used based on past data and is used for purpose of collection of data that is not based on the present information(Mohajan, 2018). The present research report is done based in the collection of qualitative form of data and used for completion of investigation in a more appropriate manner. Research Strategy It can be defined as action or a plan that can be used by researcher for the purpose of implementation of activities that are being associated to carry out the research in a more effectivemanner(Fletcher.,2017).Additionally,itisalsoassistingtheresearcherin completion of the whole research in the provided time period. Research method There are majorly two types of research methodology that can be used in a research such as qualitative and qualitative research. Qualitative research is based in the observation, images and so, on n the other hand the quantitative form of research is based on collection of the numerical or quantitative nature of the information for purpose of carrying on the research in a more effective way(Bresler and Stake, ., 2017). In case of present research there is use of quantitative form of research in this there is questionnaire as a method of collecting data that has been applied by researcher for purpose of collecting he information related to a particular topic or area of research.
Accessibility The overall information that is provided in relation to a particular topic that has been selected by the researcher is accessible to the researcher as the information provided by various respondent have to be in such manner that positive outcomes can be collected and then this outcomes can be further used for drawing right amount of conclusions. Ethics ï‚·Informed consent: It is a major issue that can be developed at the time of study is being conducted or a research is taking place. According to these respondents posses the complete right to understand the information that is provided by them will be kept confidential or not(Basias,. and Pollalis, 2018). The researcher and others who are involved in the collection of data have the right authority to provide a informed consent related to this particular aspect. ï‚·Respect for confidentiality and anonymity of the information provided: Itis very important for the researcher to make sure that the information provided is kept confidential.Additionallytheidentityoftherespondentsalsohastobekept confidential so that they do not feel hesitant in providing the needed information by researcher. Sampling It can be defined as the selection of number of respondents from a whole available population. It is very helpful for a researcher in collecting the information and data related to a particular topic and in a more effective manner. In case of present research there is use of non-probabilistic sampling that can be used by the researcher so that interpretations can be developed. Further random sampling is also a method that is applied as non-probabilistic sampling(Snyder,., 2019).There is use of 40 respondents by the random sampling method who are basically part of the overall workforce of tesco. The questionnaire that has been developed has to be filled by the number of respondents and according to their present level of knowledge they can use the information. In the present research report there are 40 respondents who are chosen by the researcher for purpose of collecting the information. Questionnaire
Q1. Do you have a basic idea related with the term globalisation? a) Yes b) No Q2. Do posses knowledge that globalisation can be advantageous for organisation? a) Yes b) No Q3. What can be some of the basic benefits that are associated with the concept of Globalisation for tesco ? a) Better opportunities of growth b) helpful in development of Competitive advantage c) Easy availability of all the required resources d) All of the above Q4. Do you posses a belief that globalisation may possess any negative impact on the present practises of business For Tesco ? a) Yes b) No Q5. What are some negative effects of the term Globalisation on Tesco? a) present employees may get demotivated b) occurrence of some Operational inefficiencies c) No adverse impact Q6. According to your view, what can be some of the challenges that can be faced while entering in a emerging market? a) Lack of some necessary resources b) Loosing of cultural identity c) Dominance d) All of the above Q7. What can be some of the most appropriate strategy that can be adopted by tesco for purpose of entering in international market? a) Human resource development b) Institutional development c) Both Q8. Give some recommendations with which the company can improve their strategies for entering into an emerging market efficiently........
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Data analysis, presentation and discussion Q1. Do you have a basic idea related with the term globalisation? Frequency a) Yes29 b) No11 29 11 a) Yes b) No Interpretation: It can be said from the above graph that the basic meaning of the term globalisation when this asked to 40 respondents. Out of 40, 29 respondents responded in a positive manner and remaining 11 out of 40 respondents responded in a negative manner that they do not posses any idea about the basic concept of the term Globalisation. Q2. Do posses knowledge that globalisation can be advantageous for organisation? Frequency a) Yes29 b) No11
29 11 a) Yes b) No Interpretation: From the above presented graph, when it was asked to respondents about the advantages of globalisation 29 respondents felt that it can help in Q3. What can be some of the basic benefits that are associated with the concept of globalisation for tesco ? Frequency a) Better opportunities of growth10 b) helpful in development of Competitive advantage11 c) Easy availability of all the required resources9 d) All of the above10
10 11 9 10 a) Better opportunities of growth b) helpful in development of Competitive advantage c) Easy availability of all the required resources d) All of the above Interpretation: It can be said from the above graph that when it was asked from the above graph that what are the benefits associated with the Globalisation. 10 Employees felt that it will help in providing better opportunities for growth, 11 employees felt that it will help in attainment of competitive advantage. 9 employees felt that it will lead to easy availability of resources for attainment of objectives. Q4. Do you posses a belief that globalisation may possess any negative impact on the present practises of business For Tesco ? Frequency a) Yes30 b) No10
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
30 10 a) Yes b) No Interpretation: It can be said from the presented graph that when it was questioned about globalisation and its negative impact on present level practises there were 30 employees who were in favour of this view point that and rest 10 employees denied to this view that it will lead to negative impact on the organisation. Q5. What are some negative effects of the term Globalisation on Tesco? Frequency a) present employees may get demotivated9 b) occurrence of some Operational inefficiencies11 c) No adverse impact20
9 11 20 a) present employees may get demotivated b) occurrence of some Operational inefficiencies c) No adverse impact Interpretation: It can be said from the above discussed graph that when it was questioned to 40 respondents about the negative impact of Globalisation 9 employees felt that present employees’ can feel demotivated, 11 employees felt that it can lead to presence of some of the operational inefficiency and remaining 20 employees felt that globalisation cannot posses much negative impact on their overall organisation. Q6. According to your view, what can be some of the challenges that can be faced while entering in a emerging market? Frequency a) Lack of some necessary resources8 b) Loosing of cultural identity8 c) Dominance4 d) All of the above20
8 8 4 20 a) Lack of some necessary resources b) Loosing of cultural identity c) Dominance d) All of the above Interpretation: It can be said from the above discussed graph that when it was questioned to 40 respondents about various challenges that are faced by organisations while entering into a emerging markets there were 8 employees who felt that there ha sheen lack of resources, 8 other respondents who were of the view that there can be loosing of cultural identity, 4 felt that there can be issue of dominance and rest 20 out of 40 gad a view that all the above discussed options will be leading towards high challenges for Tesco while adopting the process of globalisation. Q7. What can be some of the most appropriate strategy that can be adopted by tesco for purpose of entering in international market? Frequency a) Human resource development10 b) Institutional development9 c) Both21
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
10 9 21 a) Human resource development b) Institutional development c) Both Interpretation: From the above graph it can be said that when it was questioned to respondent by the researcher about most appropriate strategy that could be adopted by Tesco for purpose of expansion into international markets there was aresponse in which 10 employees were in favour of the view that it will lead to human resource development and 9 employees were willing to have institutional development. Rest 21 employees were in favour of both the above mentioned options. Recommendation From the above made study it can be said that there are some recommendations that have been given with respect to the organisation as discussed below: ï‚·It is suggested that companies should follow all rules that are part of new countries or new markets that they are willing to expand in, so that they can set ip a proper brand image in such markets. ï‚·It is los necessary that there must be use of some further strategies that could help in successful expansion in other markets. Such as some new product or services can be
added to the present category of services which can lead towards attracting of new customers. ï‚·It is also recommended that there must be proper forecast that should be made before entering into such foreign markets. Such as there should be proper identification of the trends and nature of people who are prospective customers for the organization in advance so that products can be moulded according to such flourishing trends in the market. ï‚·It is also said that there us be identification of all the resources that will be needed in the future course in advance so that there are no problems of availability of resources that are very necessary. It includes financial resources, human resources or may be technical expertise in form of high skills of their present workforce.
Conclusion It can be said from the above mentioned points that globalisation is a trend that is taking place across the world and every big organisation especially in the retail industry. It will help in enhancement of the present market scenario; there are very challenges that are being faced by organisations.With the assistance of above stated research, it hasbeen said that globalization plays very essential role in order to enhance the market share as well as sales of the business organization at international or global market place. Globalization is a tool adopted by large number of business organizationsso that they can effectively expand their business functions at global market place. By conducting the research in an effective manner, it has clearly been identified that managers can effectively enhance their market share and global presence in a positive manner which leads towards the enhancement of profitability and revenue of the company.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Business research plan 1. Report Title:TITLE– “To recognize various strategies which help the business entity to expand and diversify tasks in appearing market. A case study on Tesco. 2. Business Context:there are various strategies that can be sued by a organisation for entering in some international markets. Tesco is a retail organisation of UK having presence in various countries across world but it is planning to develop more of its location in those areas where it is not having presence. So, that they are able to expand themselves to such areas and increase their market share and reach to their customers. It is very useful for this brand for attainment of higher market share and also for the purpose of present research there are some strategies that have been developed so that can help in facilitation of how to make use of such strategies for the purpose of entering in such global markets. Project Questions Objectives of the research The objectives of this research are: To understand the basic meaning of the tern Globalisation Understandtheadvantagesandbenefitsthatareassociatedwithaorganisation adopting the process of globalisation To form some of the strategies that can be applied in Unilever for entering in such markets Questions of research What can you understand by the basic concept of Globalisation? What are some advantages associated with Globalisation for a retail organisations like
Tesco? What can be some of the strategies that can be used by organisations so that they are able to expand themselves across global markets? 4.Research methodology The qualitative approach– It is a approach that is based on use of hypothesis as a method for collection of data. . The quantitative approach– It is a type of research that can be used for purpose of dealing with some of the issues in concern with the research. There is consideration to the numeric and quantitative form of data. In this a particular reliable structure is considered by theresearchersothatoverallreliableconclusionscanbedrawnfromtheavailable information. It consists of various sources such as direct interview, websites, online journals etc. That can be considered by the researcher for purpose of collecting information. In this particular research, the researcher has made use of quantitative method. 5.Method of Inquiry:Where will you look for your data? Show how you believe that this is an appropriate source of data. Data collection method: In the present research questionnaire can be developed that consist of set of questions that are in relation to various strategies for Tesco for expanding in international markets. The questionnaire has to be filled by respondents who are the staff members of the organisation. 6. Identify ethical issues that you might face. It can be said that there are researcher is willing to follow some ethics & information
according to the researcher in an unethical manner. Researcher has to ensure has authentic and proper information. 7.Planning:Provide a Gantt Chart GANTT CHART- It is a chart that is used for purpose of graphical representation of the activities and the time associated with each activity that has to be carried on in the research. It is very helpful in developing and understanding of the time frame in which all the activities of the research will be completed and various activities will be achieved. It helps researcher in managing all the activities such as collection of data, evaluation of data and its interpretation according to the allotted time period.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
ï‚·Professional and career development skills: Professional & career development skills will be assisting me in the future to conduct research in a more appropriate manner. It will also help in building up of my skills according tothe requirements of research.
REFERENCES Books and Journal Bresler, L. and Stake, R.E., 2017. Qualitative research methodology in music education. InCritical Essays in Music Education(pp. 113-128). Routledge. Fletcher, A.J., 2017. Applying critical realism in qualitative research: methodology meets method.International journal of social research methodology,20(2), pp.181-194. 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. Clandinin, D.J., Cave, M.T. and Berendonk, C., 2017. Narrative inquiry: a relational research methodology for medical education.Medical Education,51(1), pp.89-96. Rosskam, E., 2018. Using participatory action research methodology to improve worker health. InUnhealthy Work(pp. 211-228). Routledge. Basias, N. and Pollalis, Y., 2018. Quantitative and qualitative research in business & technology:Justifyingasuitableresearchmethodology.ReviewofIntegrative Business and Economics Research,7, pp.91-105. Snyder,H.,2019.Literaturereviewasaresearchmethodology:Anoverviewand guidelines.Journal of Business Research,104, pp.333-339. Paus, E., 2020. Innovation strategies matter: Latin America’s middle-income trap meets China and globalisation.The Journal of Development Studies,56(4), pp.657-679. Lee, K. and Eckhardt, J., 2017. The globalisation strategies of five Asian tobacco companies: An analytical framework.Global Public Health,12(3), pp.269-280. Brown, A.J., 2020. Translating prefigurative politics: social networks and rhetorical strategies in the alter-globalisation movement.The Translator, pp.1-13. Levius, S., Safa, M. and Weeks, K., 2018. Information and communication technology strategies to improve international competitiveness in the wholesale and retail trade sector.International Journal of Business and Globalisation,20(1), pp.128-138. Popple, K., 2018. Community development strategies in the UK. InRevitalising communities in a globalising world(pp. 137-150). Routledge. Online Benefits of globalisation, 2017, <https://www.economicshelp.org/blog/81/trade/costs-and- benefits-of-globalisation/> Benefits of international expansion, 2019, <https://www.bizjournals.com/bizjournals/how- to/growth-strategies/2017/12/5-benefits-of-international-expansion.html>