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Managing a Successful Business Project on Tesco Assignment

   

Added on  2021-02-21

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Managing a SuccessfulBusiness Project

Table of ContentsTITLE..............................................................................................................................................1INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Aims and objectives of project..........................................................................................1P2 Project management plan ...............................................................................................3P3 Work break-down structure and Gantt chart.....................................................................5TASK 2............................................................................................................................................7P4) study small scale research by adopting qualitative and quantitative research.................7Questions..........................................................................................................................................8TASK 3............................................................................................................................................9P5) Examine data by adopting effective tools and techniques...............................................9P6) Recommendation and research analysis ......................................................................18P7) Reflection undertaken to achieve goals. .......................................................................18CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20

TITLE“To identify the benefits and risks of globalisation on business success and growth ofMultinational organisation. A study on TESCO. INTRODUCTIONGlobalisation is explained as a term that is used to spread data, information, technologyand employment at inter-national boundaries. In simple words it is explained as interdependenceof nation at global level for processing different business's activities. The major agenda ofglobalisation is to predict innovative and opportunistic idea due to which will get more benefitedthrough new products. Tesco is a large British retail organisation which operates chain of supermarket, superstore and hypermarket. Moreover this project is written from perspective of Tescoand its focuses on concept of globalisation (Aithal, 2017). Project management plan along withwork-break down structure and Gantt chart will also be discuss in this report. At last research isdone and some recommendation are provided in order to organise a business's at global level. TASK 1P1 Aims and objectives of projectBackground of study Globalisation is an effective process by which individuals and organisation are operatingtheir business's at multi-national level. With implement of globalisation individuals, governmentand economics are entering into global market economy. This is essential for organisation tofollow and execute global methods to complete their work Aim“To identify the benefits and risks of globalisation on business success and growth ofMultinational organisation”. A study on TESCO. Research objectives To develop basic understanding regarding the concept of globalisation.To investigate benefits of globalisation on business success of TESCO. To analysis risk of globalisation on business functions of an organisation. To determine ways through which risk of globalisation can be overcome by TESCO. Research questions Are you having any idea about the concept of globalisation?1

What are the benefits of globalisation on business success of TESCO?What are the risk of globalisation on business functions of an organisation?What are the ways through which risk of globalisation can be overcome by TESCO?Literature review According to Smith, (2017) Globalisation is an integrated process that allow organisationto move freely across their national boundaries. This determines with assisting globalisationmethods Tesco move their goods, ideas and employee's freely at inter-national level (Bendell,2017). This is a systematic process that allow integration and link of business's organisation inoverall world. It helps administration department of Tesco to conduct their business's activities atglobal level for meeting it with inter-national requirements.According to the Sbnagle2, globalisation is a process that helps an organisation to complete theirwork with more efficiency by increasing the productivity of their operations. This results itincreases productivity of their products at global level. According to the M.Habib, Globalisation is a process that is beneficial for developing therelationship between two different countries by increasing trade activities within theorganisation.According to the Sean Nam, there are various factors are managed under the organisationthrough developing the process of interaction and integration among countries by understandingeconomical and social factors of the firm. According to the Sapparaje Saravana, globalisation has positive as well as negative impacts in acountry. It is based on various factors that is used to increase the awareness among customer's byfocusing on all aspects that are related with organisational process. Benefits from globalisationAccording to Tejvan Pettinger, (2017) Globalisation is a complex and disputed issue dueto which Tesco face challenges to adopt this technique. Some of benefits that helps organisationafter implementing globalisation techniques are mention as follow:Free trade- This is an effective way for countries as it leads them to make transactions ofgood and services among overall world. Due to which it is easy for them to manufactureproducts at low cost. With help of this Tesco is able to provide goods at lower prices and toincrease their market share. 2

Increase in economy of sale- Production is increasing day by day according toconsumer's and market demands. Globalisation determines that it enable a organisation tofabricate business's operations in several parts of world. It results there is increase in import andexport activities in a country. While for business's globalisation aspect it enable Tesco tomanufacture goods at low cost. So consumer's are also benefited as they purchase inferior qualitygoods at low cost (Bryson, 2018). Risk due to globalisationAfter many business's started to perform their operations at global level it is difficult forthem to manage operations because they are operating among different levels. To manage themeffectively management of Tesco monitor some risk factors which are as follow:Increase in debts- All the activities that generates at global level required somemonetary transaction to complete them effectively. It results that there is increase in moneysupply so it is required by organisation to manage their financial transactions. Moreover increasein debt also raises to perform different function at credit policy. Geopolitical conflicts- It refers to issue such as conditions of war or any other politicalissue that raises between two different countries. Tesco is expanding their business's amongdifferent countries of world. To reduce this impact this is important for them to predict thatcountries are not facing such issues (Buckley and Benischke, 2017). Some example ofgeopolitical conflicts countries are North Korea and South Korea. Afghanistan and US and manymore.P2 Project management planA project management plan is a formal document that is use to explain how a specificproject is executed, observed and controlled in organisation. Most of project management planare explained in detailed and includes several benchmark and other planning documents forestablishing a project successfully in the organisation. The main agenda to formulate a projectmanagement plan is to delegate work about project management scope. Some essential aspect ofthem are mention as follow:Cost: The concept of cost is understand through spending or investing amount onresearch and development activities of organisation. This factors are related with differentperspective like organisation products and services. Amount decided by Tesco to increase their3

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