The study focuses on Tesco's strengths and growth strategies. It discusses the company's competitive advantage, employee skills and knowledge, supportive environment for core development aspects, and global expansion in the retail sector.
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MANAGING A SUCCESSFUL BUSINESS PROJECT
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Table of Contents INTRODUCTION...........................................................................................................................3 Research Background.............................................................................................................3 TASK 1............................................................................................................................................3 LO1..................................................................................................................................................3 P1 Aim and Objectives...........................................................................................................3 P2 Project Management Plan..................................................................................................4 P3 Work break down structure and Gantt Chart....................................................................6 LO2..................................................................................................................................................8 P4 Research Methodologies...................................................................................................8 P5 Analyse the research and findings...................................................................................11 TASK 2..........................................................................................................................................21 P6 Recommendation.............................................................................................................21 P7 Refection.........................................................................................................................22 CONCLUSION..............................................................................................................................22 REFERENCES..............................................................................................................................23
INTRODUCTION The assignment is going to do the interpretation of the project management plan of multinational organization to understand and evaluate the efficiency of the human resource of their organization. The chosen organization for the report is Tesco and the report will evaluate how effective the company’s human resource management is to create a competitive advantage over their competitors and how far it is meeting its international standards (Alo, 2017). Tesco is a British Multinational organization groceries and general merchandise retailer. The company’s headquarters are situated in Welwyn, Garden City, Hertfordshire. It is having 6,553 shops and the number of employees working for the organization is 476,000. The report is based on the recent developments of the organization and how effective Tesco is dealing with in order to bring change within its environment to ensure better practices in its Human Resource. Research Background The research is based on Tesco. Its topic is to investigate the positioning of the company in the sector. Along with it, it evaluates the selection, recruitment, and training policies in order to meet the international recruitment. It assesses the impact of Human Resource policies on the competitive advantage of Tesco over its competitors in the sector. It is important for an organization to have an effective human resource department in order to ensure effective recruitment and selection and to gain new employees in order to achieve set growth and development(Wood, Coe and Wrigley, 2016). The study will make use of effective techniques and methods in order to understand the above mentioned factors and in what manner the company can make use of important strategies in order to achieve set goals. TASK 1 LO1 P1 Aim and Objectives Aim: ToinvestigatetheefficiencyofthehumanresourceofTescoandevaluatethe recruitment, selection, and training policies to meet the international requirements. Objectives: To identify the positioning of Tesco in the sector To identify how far the training, selection and recruitment policies of the Tesco meet the international requirements
ToassesstheHumanResourceimpactontheHumanresourcepoliciesonthe competitive advantage of the Tesco and its competitors in the sector. Research Question: What are the trends in human resource that impacts the organization environment of Tesco? What is the best strategy to improve the human resource of the Tesco in order to gain the international requirements? How effective the training provided by Tesco is to the employees of the organization? What important recommendations can be provided to the organization in order to ensure better recruitment and selection? Rationale: The reason behind choosing the topic is to evaluate the international trends of Human resource in Tesco and how effective the organization’s human resource. This will help in evaluation of those aspects which are important for a firm to grow. Along with it, it will help to understand the nature of human resource activities in order to take the organization further. P2 Project Management Plan Figure1Project Management Plan
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(Source: Project Management Plan, 2018) Project management plan is an important aspect in managing a successful business project. It can be seen as a systematic way in which structure is added to the process. It is done by assigning an order to all the important and essential parts included in the plan. The basic elements the plan are mentioned: Cost: Cost is one of the basic and fundamental research element. In this the enumerator has to plan the budget so that the project gets completed as per the available resources or costs. Each task is allotted specifically in which entire research has to be completed systematically (Brewster, Chung and Sparrow, 2016). The amount required by present research is £32,000. Communication: Communication is another essential part in project management plan. It is the researchers' responsibility to communicate everything to the people which are involved directly or indirectly in the research. In order to overcome this communication gap. Important e- mails, circulars, messengers are used to convey all the important informations to their team members. Scope: The range of study where it can be used is refers to as scope. The present research papers scope is very broad and it is useful in both academic and corporate sectors. The study will make use of scope in order to understand the importance of Human Resource practices being followed in the organisation and how effective they are in reaching their set goals. Resources: In order to reach to a conclusion, it is important to have effective resources in place. When a firm do not have adequate resources, it is not possible to complete the research study. The present research makes use of stationery items, laptops, people, USB, equipments, funding facilities etc. in order to complete the research. Quality: Quality plays an essential role in order to maintain the reliability and validity of the research. From the end to the starting conclusion, it is essential that scholar ensures the standard needs where the quality of research is maintained. The key performance indicator is observed as one of the best ways to maintain the quality of the research. Time: One of the core essential factor of project management plan. It is important for the researcher to plan the activities as per the time because the delay in the research often impacts the quality of the study(Hilbert, 2016). The present study is completed in 40 days.
Risk:To conduct the research effectively it is important that a proper assessment of risk helpstheorganisationalongwiththeinvestigatortomaintaintheeffectivenessofthe investigation. Risks such as data theft, issues of security etc. are present while making an research successful. In order to ensure that risks does not take place, the researcher tends to mitigate and ensue by making proper management plan. Milestone: Important milestones are set in order to achieve the quality standard, evaluate the data sources and to ensure the ethical standards. P3 Work break down structure and Gantt Chart RisksHighLowMedium Security issues Theft of data Leaving Respondents from survey
Task NameDurationStartFinishPredecessors Research proposal3 days12/04/1915/03/19 Aims and objectives2 days15/03/1917/03/193 Research methodologies6 days17/03/1922/03/192 Data collection4 days25/03/1928/03/191 Data analysis5 days02/04/1907/04/191 Data interpretation8 days16/04/1924/04/195 Finding and conclusion3 days27/04/1930/04/192,3 Recommendations2 days30/04/1902/05/195,2 Execute the plan1 day02/05/1902/05/193 Submission2 days02/05/1904/05/199,4
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LO2 P4 Research Methodologies Introduction The methodology is one of important aspect of the research. It refers to the process which is used in the collection of the information and collection of the data for the purpose of making required business decisions(Krypa, 2017). Along with it, it is way to important in order to select the appropriate and suitable methodologies of research to collect the data. Survey, publication research, interviews and other techniques are included in these techniques of methodologies.
Research Type The type of research is one of the most essential qualities of the research. It allows the researcher to evaluate what kind of research is going to be held. The Quantitative and Qualitative are the techniques of research in which the research study is based upon. Techniques on which the data is analysed, collected and interpreted from the usage of statical and numeric data is known as qualitative research. On the contrary, when data is analysed, collected and interpreted from the usage of techniques that are non-numeric and appropriate observation is known as Quantitative data. The present research is based on technique which is qualitative. The scholar in the research has collected data from survey which are based on feelings or emotions and are non-numeric. Research Approach In research onion, the approaches of the research are on the number two. It is because of the reason which is based on the selection types and methods. In this, the researchers which are involved in the research have to start with evaluation of a variety of research approaches so that the questions of research are addressed effectively. The process and planning which is consisted of the steps in which wide assumptions of deep understanding of data gathers, that is where proper analysis and data takes place(Bingham and Druker, 2016). Deductive and Inductive are two core fundamental classifications of research approaches. An approach which begins with the data collection on the topic, and when the scholar have look on the data.The working on developing a theory is generally explained in those patterns. On the contrary, the researcher tests and aims and the research. In the present study, the researcher has made use of inductive approach which has been seen as one of the most suitable approach in the field of quantitative research. From the application of inductive approach or the same techniques the researcher is going to investigate the human resource efficiency of the Tesco. Research Philosophy Researchphilosophy is known to be a study that deals with strong knowledge and broad perspective of one's views. Interpretivism and Positivism are two basic research philosophies applied in the research below research. The collected data in positivism application philosophy is structured highly and large data and sample analysis is used in the research. In the application of interpretivism philosophy the information collected is very simple and in depth as well. The investigation is set to be based on the qualitative and quantitative methods. In the present study,
the researcher has made use of interpretivism philosophy because the required outcomes are reliable and very authentic(Samantara and Sharma, 2015). Also, it is because this is mainly used in qualitative studies. The application of Interpretivism philosophies along with the techniques are investigated to find the change in Human Resource activities and in what manner the Human Resource is fulfilling the organisational goals. Sampling Sampling plays an essential role in terms of research. It refers to the group of people, objects or items that has been taken from a larger population. Along with it, it is important to select the appropriate type and size of the sample before data collection. The reason in order to selecting the sample is that, it is difficult for the scholar collect the required information from large set of population because of not having required time and resources as well. The Non- Probabilistic and probabilisticsampling are two major sampling classifications(Mayo, 2016). The enumerator in the research has made use of the sampling which is probabilistic. In this set, the representatives are having equal chances to select the sample. 20 Human resource officials of Tesco are selected in order to answer the research questions. Data Collection When the sampling selection is done, the researcher starts data collection with the help of representatives. It is the process or a technique which is used to gather the required information from all the sources which are relevant. The Secondary and Primary are two major techniques that are used to collect the data in the research. The information is collected from the sources which are primary makes use of interview, observation, and survey. On the contrary, when scholar collects the data from journals, articles, books etc. is the information collected from secondary sources(Rahman, 2018). In the research, the enumerators has done the collection of data from primary sources from the help of questionnaire. From the application of primary techniques, the researcher has evaluated the efficiency of the organisation's human resource department. Data Analysis After the gathering of the data, data Analysis is done. It is the process which is used to mould, clean and transfer the information that is raw into systematic and meaningful way. Collected information by the researcher cannot be used without the proper analysis. The Quantitative and Qualitative are two major methods used in the analysis of data. The data
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analysis used in the present study is in form of qualitative methods(Banana and Shaik, 2017). In this, the scholar has made use of thematic analysis in which data has been presented the data by graph, charts and tables. P5 Analyse the research and findings QUESTIONNAIRE Name of the organization: Tesco Designation of Respondents : Senior Human Resource Managers Name of Respondents: Age: Gender: 1. From how long you are working in Human Resource of Tesco? 2 to 4 years 4 to 6 years 6 to 8 years More than 8 years 2. Do you think your organisation is fulfilling the needs and requirements of its employees? Highly Agree Agree Highly Disagree Disagree Neutral 3. Do you think Tesco is able to find the right skilled employees for the organisation when needed? Yes No Not Sure 4. Do youthink Tesco isdoing enough promotionsand advertisingtorecruitcapable employees? Highly Agree
Agree Highly Disagree Disagree Neutral 5. According to you, what are the major requirements Human Resource of the organisation needs to achieve set better competitive advantage? New skilled employees Training and development Digital Technology All the above 6. Do you think your organisation is capable enough to meet the industry standards of Human Resource? Highly Agree Agree Highly Disagree Disagree Neutral 7. Do you think the Human resource department of the organisation is skilled enough to help Tesco in achieving set goals and developments ? Yes No Not Sure 8. As per your experiences, at what places Human Resource department of Tesco is not able to perform its activities properly? In recruitment and selection Planning and development Training Maintaining Relationships 9. What are the challenges which the Human resource of the organisation is facing at present? Not having skilled employees Difficulty in planning and recruitment
Maintaining good relationships with its employees Theme 1: Number of human resource employees working in the organisation for a long time. 2 to 4 years4 4 to 6 years6 6 to 8 years2 More than 8 years8 Interpretation:The above chart explains the out of 20, 8 people are working in the organisations Human Resource department from more than 8 years. It showcases that the human resource department of the organisation is having experienced employees which are working for the firm in a very long time. Along with it, it showcases the organisation is having a stronghold in managing good Human Resource practices to gain organisational growth. Theme 2: Fulfilling the needs and requirements of its employees. Highly Agree4 2 to 4 years 4 to 6 years 6 to 8 years More than 8 years
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Agree3 Highly Disagree2 Disagree4 Neutral7 Interpretation:As per the above chart, it can be seen as Tesco is fulfilling its needs and requirements of its employee to a larger extent. Out of 20 employees. 7 employees agree that it is doing so. In order to ensure that entire fulfilment, it is important for the organisation to understand the employee needs and requirements and provide them with what they want. Theme 3: Ability to find the right skilled employees. Yes12 No6 Not Sure2 Highly Agree Agree Highly Disagree Disagree Neutral
Interpretation:The above chart showcases that the organisation's ability to find the right employees. Out of 20 officials of Human Resource, 12 of them agrees that the organisation's human resource department is having the appropriate ability to find the right skilled employees. Along with it, 6 of them do not agree and 2 of them are not sure. It explains that the Human Resource department of the organisation needs to work on its ability and needs to better its potential in order to achieve set growth and development and hire the required employees. Theme 4: Enough promotions and advertising to recruit capable employees. Highly Agree6 Agree4 Highly Disagree3 Disagree6 Neutral1 Yes No Not Sure
Interpretation:As per the above chart, it can be seen as the organisation needs to work on its promotion and advertising techniques to recruit capable employees. Out of 20 people, 6 Human Resource officials agree that the organisation is doing whereas 6 of the disagrees. It is essential for Tesco to take effective measures in order to ensure that capable employees are being recruited in the organisation. Theme 5: Major requirements to achieve better competitive advantage New skilled employees8 Training and development4 Digital Technology2 All the above6 Highly Agree Agree Highly Disagree Disagree Neutral
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Interpretation:As per the above interpretation it can be seen as Tesco requires new skilled employees in order to ensure better competitive advantage within the organisational environment. In order to recruit new employees it is important for the organisation to ensure proper promotions and advertising is taking place. These efforts will help the organisation to hire right employees and achieve set growth. Theme 6: Capability to meet the International Standards Highly Agree4 Agree6 Highly Disagree2 Disagree4 Neutral4 New skilled employees Training and development Digital Technology All the above
Interpretation:It can be seen as the organisation is capable enough to meet the international standards. Out of 20 HR officials, 10 of them agrees that the organisation is capable. 6 people disagree with its capability and 4 of them are neutral. It is important for the organisation to achieve set growth and development and ensure proper standards to achieve better capability in the near future. Theme 7: Human resource is skilled enough to achieve the set goals and objectives in Tesco Yes12 No8 Not Sure2 Highly Agree Agree Highly Disagree Disagree Neutral
Interpretation:From the above chart, it can be seen as the organisations Human Resource department is skilled enough in achieving set goals and objectives. Out of 20 human resource officials, 12 agrees that the department is skilled enough and 8 of them says that it is not. 2 of them are not sure. As per the current situation, the human resource department is skilled enough to meet the set objectives and goals yet it needs to keep working on in order to imporve itself. Theme 8: At what places Human Resource department of Tesco is not able to perform its activities properly In recruitment and selection4 Planning and development5 Training3 Maintaining Relationships8 Yes No Not Sure
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Interpretation:From the above chart, it can be seen that the organisation is not able to perform its activities of maintaining relationships with its employees. It is important that Tesco maintains strict employee relationships in order to achieve set growth and development. Along with it, to ensure that its employees are sticking with the organisation for a long period. Also, it is important for the organisation to develop its planning and development, and should develop its recruitment and selection process. Theme 9: Present challenges faced by Human Resource of Tesco Not having skilled employees8 Difficulty in Planning and Recruitment8 Maintaining employee relationships4 In recruitment and selection Planning and development Training Maintaining Relationships
Interpretation:As per the above chart it can be seen as the present challenges which are faced by the Human Resource department of Tesco is both no having skilled employees in the organisation and difficulty in planning and recruitment practices. It isimportantfor the organisation to recruit skilled employees and maintain employee relationships in order to ensure better growth and development. TASK 2 P6 Recommendation As per the above analysis and findings, Tesco's Human Resource department needs to: Make use of new promotional and marketing strategies in order to recruit new employees which are skilled and educated(Hilbert, 2016). This will help the organisation to reach new growth and development. Develop systems which can track employee performance to evaluate at what places its employees are lacking growth and development. It can help the organisation to increase it employee performance and meet the international standards Find what strategies are using to gain competitive advantage and create better strategies to develop itself in the international market. Not having skilled employees Difficulty in Planning and Recruitment Maintaining employee relationships
To educate and provide effective trainings to the employees to reach new standards and ensure growth and development. P7 Refection Development of this research project helped me in developing new skills and gain new knowledge of the Human Resource and its practices. I learned about the important strategies used by the organisations across the world to ensure better human resource practices and train and develop their employees. The report provided me a brief understanding about the working of Human Resource department and its functioning. I also learned about important development prospects which can take an organisation further and can help it in achieve new growth and build its reputation in the international market. I also learned about the working of the retail industry and how Tesco operates(Krypa, 2017). In its initial stages, the research was difficult for me but as soon as I started being more involved into it, I enjoyed it and learned a variety of things along. CONCLUSION The above study concludes that Tesco is holding a strong position in the retail sector. The organisation is having a number of competitors but its quality products and services have gained consumers from all across the world and has brought new reputation to it. The recruitment and selection policies of Tesco meets the international requirements and the human resource policies set by the organisation are bringing new growth and competitive advantage. The study evaluates that the organisations employees are skilled and knowledgeable and are helping it in reaching new standards and developments. Along with it, it states that Tesco is growth oriented and its environment is supportive towards its core development aspects.
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REFERENCES Books and Journals Alo, O. A., 2017.A comparative evaluation of human resource development (HRD) processes and practices in UK and Nigerian retail supermarkets(Doctoral dissertation, University of Sunderland). Banana, D. K. and Shaik, D. M., 2017. An assessment of career development and executive developmentactivitiesinautomobilecompanies.InternationalJournalofCurrent Research.9(10). pp.59010-59013. Bingham, C. and Druker, J., 2016. Human resources, ethics and corporate social responsibility: whatmakes‘people’countwithintheorganisation’scorporatesocialresponsibility platform?. InCIPD Applied Research Conference 2016: The shifting landscape of work and working lives. Chartered Institute of Personnel and Development. Brewster, C., Chung, C. and Sparrow, P., 2016.Globalizing human resource management. Routledge. Hilbert, M., 2016. Big data for development: A review of promises and challenges.Development Policy Review.34(1). pp.135-174. Krypa,N.,2017.SocialEconomicDevelopmentandtheHumanResources Management.Academic Journal of Interdisciplinary Studies.6(1). pp.73-76. Mayo, A., 2016.Human resources or human capital?: Managing people as assets. Routledge. Rahman, R. U., 2018. The significance of strategic human resource management practiced by HR consultancy firms in Bangladesh to ensure proper organizational growth and employee satisfaction. Samantara, R. and Sharma, N., 2015. Talent Management at Tesco: A Case Study.Parikalpana: KIIT Journal of Management.11(2). Wood,S.,Coe,N.M.andWrigley,N.,2016.Multi-scalarlocalizationandcapability transference: exploring embeddedness in the Asian retail expansion of Tesco.Regional Studies.50(3). pp.475-495.