logo

Globalization Impact on the Tesco

   

Added on  2021-02-19

34 Pages7045 Words204 Views
Managing a successful business project1

AbstractIt has been summarized that Globalization has become the important concept in terms ofbusiness that can help for increasing the productivity and profitability in marketplace. It involvesflow of capital and goods, economic growth and increase job opportunities in the positiveaspects. It has recommended to analyze the relevant data and information about the globalizationand how they impact on the overall business operations. It has been found that the informationabout the globalization when they have changed the process to increase performance andefficiency of employee within organization. It has been found that can use the different method for identifying the positive and negativeadvantage of globalization on the business. It also come up with the recommendation that willhelp to increase their production and sales. It has needed to implement all essential resources fortraining and development session where staff improve their skill for business production. 2

TABLE OF CONTENTSAbstract............................................................................................................................................2INTRODUCTION...........................................................................................................................4Project Management Plan................................................................................................................5Gantt Chart and Time Frames..........................................................................................................9Research Methodology..................................................................................................................12Literature Review..........................................................................................................................14Data Interpretation.........................................................................................................................17CONCLUSION..............................................................................................................................25Recommendation and Conclusion.................................................................................................26Reflection.......................................................................................................................................27REFERENCES..............................................................................................................................283

INTRODUCTIONGlobalization refer to the change in the global environment and culture where they aremoving away from the self-contained country (Globalization. 2018). It also integrated with othernation for increasing their productivity and profitability in global marketplace. It directly impactson the enterprises operations and functions. It helps in declining all type barrier especially inselling the product and service internationally. It has helped in changing the business functionsthat makes it easier to hold the entire nation (Adeola and Serge, 2016). Tesco is based on theBritish Multinational general merchandise retailer that has expanded their business across theworld. It is 3rd largest retail business in global world that can measure through their revenue. Itmeans that Tesco must consider the other culture and ethics that support for developing thebusiness and its strategies. Globalization is based on the term that outsourcing the businessoperations and increase the business growth and profit rate.Aim Positive economic, cultural and ethical impact of Globalization on different businessfunctions such as operations, marketing and accounting. A Case study on Tesco. ObjectivesTo identify the concept and importance of globalization in terms of economic and ethical culture. To analyze the Globalization impact on the Tesco.To evaluate influence of globalization on operations, marketing and accounting department of Tesco.To recommend ways to overcome challenges face due to globalization on Tesco.Research QuestionsWhat are the importance and concept of globalization in terms of economic and ethical culture?How globalization will impact on the Tesco?What are different ways the globalization influences the operations of Tesco like marketing and accounting?How can recommend to overcome the challenges face due to globalization on Tesco?4

SignificanceThe importance of research to determine the benefits of globalization in the firm. It willhelp to recognize the consequences of globalization on enterprises and also happen thesignificance changes in the business operations. The organization always focused on the effectsof changes in the performance of employee and enterprise functions. The research will help theresearcher to identify the different changes in the structure of business within company (Baylis,Smith and Owens, 2017). As a result, it has found that the both negative and positiveconsequences of globalization in the company. Researcher must be engaged with the employeesand customers to identify their requirement in proper manner. They should be applied thosechanges in the business operations to fulfil their demands. RationaleIt is an essential to know about the reason behind for conducting the research onglobalization that impact on the business operations such as operational, accounting andMarketing. The researcher has chosen the topic for globalization that focus on understand theconcept and also improve their knowledge in research area. The research study has helped theresearcher to make implement the changes in the operations and engaged with the employees foridentifying their own experience. Moreover, the rationale of research is quite beneficial anduseful for research that can use new framework in the structure of enterprise.Project Management PlanIt is a process of managing or controlling all type of information that can define in thetime schedule for completing the project. It is based on the documentation that provide theoverall baseline of what has to be achieved by research project. The researcher will use theproject management plan as a reference for decision making that made on the project and alsohelpful for clarifying the problem and issues related project. This type of project managementplan could be available for all participants as provide the essential information and also introducethe members to the research project. It is probably the important communication documents inthe project development.5

ScopeIn preparing the research project, Initially, researcher must be defined the overall scopeof case study. It should be included the descriptions, objectives and purpose of research that hasformed on the basis of scope. As per researcher, it always trying to recognizing all boundaries inorder to determine the scope (Hayne, 2016). The scope of research project to identify the depthknowledge related the globalization and how they directly influence the business operations oforganization. Researcher must be assumed the specific constraints that help to improve theability out the project. Researcher will be collecting and analyzing the relevant data of researchproject so that it can understand the depth knowledge. Skill always important strength for thepurpose of project enhancement.CostIt is the most important part of research for planning the project overall budget and alsoestimate the cost of each activity. It is based on the costing method that can determine theessential resources. Once the total cost is placed in each activity that can be aggregated toproduce the overall project categories. Researcher will identify the overall cost and budget ofproject. As per analysis of researcher, it should take $23,990 price of completing the researchproject. it is an essential for researcher to always remember that costs may directly attributable tothe different activities. Researcher will understand the indirect cost such as insurance, financial,human resources and equipment’s. ParticularsCost Recording of Equipment’s as well as tools$100Reporting and analyzing$70Participant incentives and Travel$80Total$250Table: 16

According to table-1, As per researcher, it has been calculating the overall estimate cost of research project. it has been shown by the cost of each activity that perform in the research project to easily applicable for managing and controlling the requirements. TimeTime scheduling is one of the most important thing that helps in accurate estimation ofthe time duration. Researcher can define the proper time frame where researcher can put theirown efforts for project management. As per putting efforts in research by researcher in good wayto find the actual time on the basis of survey and questionnaires to determine the opinion ofemployee within organization. Time period required for this research is approximately 2 monthsand the project will take 1 month. CommunicationIt has required to maintain the communication with the project team and participantswhich plays important role for successfully carried out the research. On the other hand, Poorcommunication within the project always increase the misalignment between participants.Researcher ensures to build the communication plan to project expectations (Lane and Edson,2016). They always maintain the good communication with other participants to include in thequestions and its answer. Researcher always putting some efforts to coordinate with the othermember in their research project. It allows to monitor the progress but it also gains the holisticviews of research project. researcher can be used communication tool such as E-mails. All thecommunication will be done and recorded through emails.7

ResourcesIt is another important concept in the research project to identify the necessary resourcesand equipment for maintain the standard of project. Researcher will collect the relevantinformation about the project that has chosen. It involves statistical data, interviews, results andsurvey. It mainly contains the raw materials for analyzing the information in proper manner. Onthe other hand, secondary resources collect the information through discussion, syntheses andevaluations. the researcher will be identified the different articles and journals related to theresearch topic, respondents, websites from where secondary data will be collected.Risk In the project management, it is the most important factor that successful develop newproducts, services and process which help for implementing changes within the firm. Researcherwill be applied the risk management to the processes of groups during controlling, planning,initiation and other closure. Researcher will be identified the risk of uncertainty condition andsituation occurs that directly impact on the objectives. It is mainly applied some methodologiesfor controlling process such as evaluate risk, identify risk events, establishing the policies andprocedures.8

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Managing a Successful Business Project
|20
|4187
|129

Managing a Successful Business Project Assignment | Tesco
|19
|3849
|330

Globalization & Tesco Plc
|21
|2993
|47

A case study on Tesco | Assignment
|22
|4483
|313

Managing a Successful Business Project - Assignment (MSBP)
|18
|3904
|297

Globalization | Assignment
|24
|4767
|453