Globalisation and its Impact on Tesco: Opportunities and Risks

Individual Academic Report

Executive summary:
Globalisation mainly defined as the exchanging and trading between countries for
interconnecting the cultures, beliefs as with the growing interdependence on the economies. It is
mainly the detailed way of interaction and integrating different business while serving and
expanding the business in global markets. In this report being analysing Tesco is impacted with
various factors as due to technological changes, exchanges among cultures and technological
changes. Also, the aim of report is to identify the risk and opportunities that are associated with
globalisation and Tesco on the large scale. Furthermore, management strategies that would help
Tesco to overcome such issues had also been explained in detail.

TABLE OF CONTENT
INTRODUCTION ..........................................................................................................................4
MAIN BODY...................................................................................................................................4
Briefly overviewing Tesco...........................................................................................................4
Demonstrating the application of relevant theory and models relating with globalisation ad the
key drivers ...................................................................................................................................6
Discussing the opportunities and risks of globalization..............................................................8
Critically evaluating relevant management strategies to deal with issues identified. ................9
CONCLUSION..............................................................................................................................11
REFERENCES .............................................................................................................................12

INTRODUCTION
Globalisation is mainly defined as the process which is connecting the trade and
commerce with the growing independence of the economic cultures, services and the technology
being used. With the changing and globalized world, it mainly leads to higher competition in the
market related with the products and services with the increased in the market share. Tesco is
mainly recognized as the multinational retailer serving wide rang of products and services to the
consumers in highly dynamic and changing market. With the globalized economy the company
was impacted and expanded its business into the global markets with the increase competition to
serve and retain th loyal consumers. This report provide details about briefly overviewing the
organization. Also, demonstrating the application of the academic theory and models of
globalisation and its key drivers. Further, discussing the opportunities and risk associated with
the globalisation to the company. Lastly analysing and critically evaluating the management
strategies to deal with the issues being identifies.
MAIN BODY
Briefly overviewing Tesco
With the changing times, globalisation is mainly defined as trading in the business which
connects the work with being more interdependent of the products and services. It mainly
describes as the movement off the products from one place to another. It mainly connects the
business among various art of the countries by expanding the culture, political activities with the
movement of the products across different regions and countries (Das Nair, 2018). As the
globalization mainly expands the business with complying the global business standards in the
education, economy, environment. With the increased way of using technology mainly helps in
Selling products across the world. Tesco is mainly recognized as the third largest British
multinational retailer serving wide range of products and services to the consumers. The retail
industry is mainly progressing with serving the great products with the introduction of the new
technology and the increased competition in the market (Ribeiro-Duthie, Gale and Murphy-
Gregory, 2021). With the globalisation in the economy it mainly impacted the company as for
serving the new products with adopting the latest trend of the markets. Also, it influences to shift
in the global markets with the increased competition (Michie, 2019). The main aim of the
company is to serve wide range of products with serving at the affordable prices, quality
products in nature with maintaining healthy and sustainable food. Tesco is mainly carrying its