Global Business Environment Assignment - Tesco PLC
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Added on 2020-11-23
Global Business Environment Assignment - Tesco PLC
Added on 2020-11-23
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Global Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1LO3..................................................................................................................................................1P3 Influences of globalization.....................................................................................................1P4 Influences of ethical and sustainable globalisation on organisational functions....................2M3 Force field analysis and their impact on decision making....................................................3D2 Strategy adopted by organisation in a global market and recommendations for adoption oforganisational structure and decision-making processes.............................................................4LO4..................................................................................................................................................5P5 Evaluation of decision making in the global context.............................................................5P6 Various routes to internationalisation and key barriers..........................................................6M4 Barriers in internationalisation of business and recommendations for overcoming withbarriers.........................................................................................................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
INTRODUCTIONGlobal business environment is a combination of three words “global”, ”business”,”environment”. These three words together describe a nature of company who are doing theirbusiness internationally (Salvatore, 2015). Tesco PLC is a multinational company which wasfounded by Jack Cohen in year 1919. It is one of the leading company in retail industry(Kasemsap, 2016).Present report will highlight the impact of globalization on various organizational aspects. Itwill also evaluate the influence of ethical and sustainable globalization on organization. It willalso tell about the force field analysis and their impact on decision making. It will also describethe strategy which helps company to operate its business in global market. It will demonstrate thedifferent ways of decision making and various ways to make its business global. It will alsorecommend on their adoption of organizational structure & decision making processes and waysto overcome with the barriers to globalization.LO3P3 Influences of globalizationGlobalisation affects the organisation through many organisational aspects. These aspectsand impact of globalisation on these aspects are as follows - Organisational GovernanceOrganisational governance is a system and procedure in which organisation set itsobjectives and make & implement decisions in order to achieve those objectives. Tescoorganisational governance consists of Boards of directors and management teams. Tesco organisational governance is all about maximizing the organisation value regardingvarious financial, legal, contractual and others obligations which can be fulfil by globalisation ofcompany. In this way, globalization affects the company's corporate governance and its ways toachieve the organisational goals (Hamilton and Webster, 2018). Organisational LeadershipOrganisational leadership refers to the required skills which motivates employees to dotheir work effectively and efficiently in order to achieve organisational goals. Tesco leadership is highly impact by the globalisation. Because here leaders has tochange himself and find ways to adopt those changes which is due to globalisation. Becauseglobalisation means new changes, new ideas, new strategies, new work ethics, new work style,1
new cultures which is not easy for employees of Tesco to accept. Thus, in this way, globalisationimpact the Tesco leadership. Organisational StructureOrganisational structure refers to the system which helps organisation to maintain theiractivities in a systematic ways so that objectives can be achieve with the helps of rules,regulations, roles, powers and responsibilities. Tesco has adopted hierarchical structure. Due to globalisation, number of employees,number of activities and objectives of company has increased which lead company not to able tohandle such situation with the limited resources and limited human resources. Thus, companyadd more layers in their organisational structure (Lewis and et.al., 2017). Like this, globalisationimpact the organisational structure and make it more complex.Organisational CultureOrganisational culture refers to the terms which represent the beliefs, assumptions,values, norms, attitudes and work styles of the employees in the context of particularorganisation. Due to globalisation, Tesco organisational culture become cross culture in which there isdiversification in the background, history, cultures and behaviours of the employees. Nowcompany has to deals with the diversification in proper manner so that company can createrespect, trust and co-ordination between them for the better working environment in thecompany. Organisational FunctionsOrganisational functions are those activities which is carried by organisation and theirmembers in order to achieve the organisational goals. Due to globalisation, company has to increase their departments which lead to increase inthe activities carry out by these departments. Also, due to focus on every aspects of organization,number of job position, their roles and responsibilities has to be increased in the company. Thus,globalisation impacts the activities by making it more complex for the organisation at theinternational level. P4 Influences of ethical and sustainable globalisation on organisational functionsEthical Globalisation2
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