Impact of Globalisation on Tesco Plc

Research Project

Table of Contents
TITLE:.............................................................................................................................................1
Introduction............................................................................................................................1
Overview of research..............................................................................................................1
Background of organisation...................................................................................................1
Rationale of research..............................................................................................................2
Research Aim.........................................................................................................................2
Research objectives................................................................................................................3
Research questions.................................................................................................................3
LITERATURE REVIEW................................................................................................................3
Concept of globalisation.........................................................................................................3
Impact of globalisation on TESCO PLC in driving business growth and development........4
Factors at international level which drives business success.................................................5
Recommend some ways through which positive impact of globalisation can achieved........6
RESEARCH METHODOLOGY.....................................................................................................7
DATA ANALYSIS........................................................................................................................11
THEMATIC ANALYSIS.....................................................................................................12
CONCLUSION, RECOMMENDATION AND REFLECTION..................................................21
Reflection.............................................................................................................................21
Conclusion............................................................................................................................21
Recommendations................................................................................................................22
REFERENCES..............................................................................................................................23

TITLE:
“How globalisation can drive business success.” A study on TESCO PLC.
Introduction
Overview of research
Globalisation refers to the process under which business operations are performed in
more than one country with integration of different resources. There is interaction and integration
among individuals, organisations, government of different countries. Through this the companies
are able to integrate the business operations between different countries. This will enhance the
exchange of information, knowledge, ideas, resources, etc. This concept is increasing at a rapid
rate and it helps in generating the employment opportunities. Furthermore, the advancement of
technologies has made the exchange and sharing much easier. The main motive for globalising
the businesses is to earn a substantial amount of profitability. The innovation is increasing
through out the world, by globalising the company will be able to adopt and bring in the fresh
talent who will poses the creativity and strategic thinking will help the company in
accomplishing business goals and objectives. With globalisation of business, there is expansion
of business in more than one country. As per expansion of business operations, there is
difference in working style such as hiring expertise, planning for financial assistance,
technological changes, etc. This research is based on TESCO PLC which is one of the largest
retail sector having operations in industry (Gobble, 2012).
Background of organisation
TESCO PLC have dominant presence in UK and is the biggest retailer in industry.
TESCO PLC have contract with different farmers, suppliers, etc. through which they can
perform actions with contributing to social growth and development. There are many
competitors such as ASDA, Sainsburry, Walmart, Morrisons, etc. In order to make long term
relations with consumers, it is essential to accept changes talking place in consumer's
preferences. When TESCO PLC operates at global level, they have to analyse market trends and
then frame policies. TESCO PLC have many employees who perform business activities and
represent in front of consumers. While making policies, it is important to understand mindset of
employees, so they can accept and gets positive impact while operating at international level
(Nadeem, 2012). Thus, the company is adopting the concept of globalisation because this will
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help in marketing the products and services to such areas where the company has not yet taken
initiative to sell the products. Furthermore, there is a huge competition in the internal business
environment which raises the opportunity for the TESCO to take the company in the global
market. The companies are involved in globalising its operations due to the reason of earning
more revenue and profits. There are various ways through which TESCO can expand its business
like acquisitions, mergers, etc.
Rationale of research
Rationale of conducting this investigation is to understand about globalisation and its
impact on organisational growth and development. There is evaluation of different factors which
has to be considered while operating at international level. If researcher wants to expand in
international market, then this investigation will provide some recommendations through which
they can get success in industry. Researcher have interest in topic globalisation, so outcome as
conclusion and recommendations are correct and appropriate. This study is important for future
prospects also if related topic for investigation is selected by candidates, then it assist in
completing it. The concept of globalisation is not as easy to implement as it sounds. This is
because, it requires large number of resources in order to effectively implement the policies and
programs. When the companies are globalised then they earn a substantial amount of profit. With
this, several other companies also takes the step of globalisation without identifying and
analysing the impact of this (Apăvăloaie, 2014). Though it has several positive impact but there
are certain barrier which the company faces. Some of the crucial barrier are high rate of taxation,
poor climatic conditions, low skilled workforce, difference in culture and languages, etc. So it is
very important to properly analyses of business environment and also Porter 5 five forces model
that will help the company in knowing the industry attractiveness. Furthermore, people and
organisations assumes that by globalising the business, the company will be able to contribute in
social and economic development of the country but in reality it creates the problem of unequal
distribution of wealth and income. With this, the richer becomes more rich and poorer become
more poor.
Research Aim
“To analyse the impact of globalisation on driving business success.” A study on
TESCO PLC.
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Research objectives
 To understand the concept of globalisation.
 To determine the impact of globalisation on TESCO PLC in driving business growth and
development.
 To analyse the factors considered by managers of TESCO PLC at international level
which drives business success.
 Recommend some ways through which positive impact of globalisation can achieved by
TESCO PLC .
Research questions
 Do you understand the concept of globalisation?
 What is the impact of globalisation on TESCO PLC in driving business growth and
development?
 What are the factors by managers of TESCO PLC at international level which drives
business success?
 What will be the ways that will depict the positive impact of globalisation on TESCO
PLC?
LITERATURE REVIEW
Concept of globalisation
Globalisation is the process through which products and services can provided to
consumers across the world. There are different trade policies under which organisation has to
registered. This not only assist organisation, but also societal development is also possible.
According to Mohammed Julfekar Haider (2019) There is development in living standards of
consumers, they have more job opportunities, etc. which improves development of society. At
global level, there are different aspects such as team development, motivation of employees so
they are ready to work under dynamic environment and this gives growth of country (Salehi and
et. al., 2012). With globalisation of TESCO PLC, there is difference in working style and regular
market analysis is important because this has direct impact on growth and development of
association.
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Impact of globalisation on TESCO PLC in driving business growth and development
While operating at international level, there is difference in working style of association
because they have vast scope of operations which is specific and relevant in order to get growth
of TESCO PLC. Business can be expanded at international level, when they are operating with
considering external market and as per change in consumers demand. According to Hitesh
Bhasin (2019) With globalisation of business, there is positive impact on growth and
development of TESCO PLC because there is improvement in salsa and revenues. When
managers of TESCO PLC analyse changes happening in external market, then it must be
implemented to keep consumers satisfied and provide best quality services to them (Appel, Franz
and Hassler, 2014). TESCO PLC expands in different parts of country and there is difference in
trends as per geographical region. Hence with considering this there will positive impact on
growth and development of TESCO PLC. TESCO PLC is able to achieve economies of scale
through which cost of product can be reduced and products are available at cheaper cost to
consumers (Shenkar, Luo and Chi, 2014).
The global changes in the over world places emphasis on adopting political, economic,
and several fluctuations of external business environment which help in driving the business
towards the success. The business environment is highly dynamic in nature and when the
business aims to expand it on global level then this will focus on depicting the various positive
impact and some of the impacts are discussed below which will help the TESCO PLC in
enhancing the growth and development:
 Generation of employment opportunities: When there will be exchange of information,
knowledge, manpower, resources, skills, technology, capital, etc. then this will require
effective workforce who will be able to accomplish the business goals of TESCO PLC at
global level. This will create the different employment opportunities. Thus, with this the
economic condition of the country will be improved as the per capita income of the
population will be increased.
 Revenue generation: The company will be able to earn the greater amount of profits and
revenue. With this, the TESCO PLC will be able to encourage the investment in the
global sector and the over development of the country will take place (Axelrod and
VanDeveer, 2014).
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