Business Management Assignment: Critical Issues

Added on - 06 Jun 2020

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Critical Issues in BusinessManagement
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Overview to the drivers of Globalisation in relation to TESCO exit and entry in South Koreamarket..........................................................................................................................................1TASK 2............................................................................................................................................3Analysis of growth and performance of TESCO when other global competitors got failed......3TASK 3............................................................................................................................................4Reasons behind TESCO exit from South Korea.........................................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
INTRODUCTIONBusiness isa composition of various number of operations which are helpful for an entityin making their operations sustainable. But many times, it is analysed that an organisation facesseveral problems which affect the business badly (Maylor, Blackmon Huemann, 2016). Thisissue is related with finance of a business organisation which is the backbone or life blood cell.According to several theories, business world is full of uncertainty which is getting changed witha course of time. Outcomes for getting right answer is low which state the ambiguity of marketworld.Thus, every business organisation is full of VUCA worldin which they have to maintainflexibility to deal with them. In this project, globalisation is identified as the major factor forgenerating more profit and revenue by business.Although, recently a major issue gets analysetowards this concept which is TESCO exit from South Korea. Thus, all such aspects are going tobe analyse in this project by taking this problem.TASK 1Overview to the drivers of globalisation in relation to TESCO’s exit and entry in SouthKorean marketGlobalisation is helpful for everybusiness organisation and it also supports a concern todeal at wider level in other conditions. It is helpful in binding culture, economy and politics ofother countries to each other(Mouraviev and Kakabadse, 2017). Thus, organisation becomesaware about different tastes and preferences of users who have distinct interest from each other.This will also enable a firm to maximise their area of business and ascertain objectives properly.Globalisation made a positive impact on business through which more revenue gets generated.This concept takes into account the starting of 1492and this process began out at such time whenpeople came out from Africa to other parts of world.This gets introduced in the 19thcentury firsttime and after that, many business organisations adopt this concept to execute their operations ata wide level.1
1MARKETING THEORIES – PESTEL ANALYSIS, 2017(Sources: MARKETING THEORIES – PESTEL ANALYSIS, 2017)There are various globalisation drivers found which are helpful for a business in makingand executing all things properly.Technological driver:With change in technology and time frame, it is essential toidentify all new inventions and innovations which are helpful in making quality basedproducts(Peppard and Ward, 2016).TESCOis operating at new market phase where theyhave to launch many new technologies over there and start producing more qualityproducts as well. Hence, production of goods and services have to take place according toconsumer preferences. With the increase in technology, various new opportunities havebeen arise for Tesco. They have entered into online shopping and also they have tries tomake the services more convenient for the customers by using latest technologies.Political driver:Frequent change in political powers will affect business due to rapidmodification in existing policies and introducing many new schemes as well. Thus, such consentis not appropriate for business.Cost driver:Every business solely focus on overall low and cheap cost of products. It support ingaining competitive advantage and support business to grow and develop. TESCO utilise thelocal people for rendering services to users this enable them in providing better and appropriateservices to customers. This support them in making things appropriate in nature.Market Drivers:According to this context, it get identify the every user have different lifestyleas well as their gaining offerings are also differentiate from each other. Thus, for entering into anew market world, organisation have to use appropriate step through which their sustainability2
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