Managing a Successful Business Project Scope and limitation

Managing a Successful
Business Project

TABLE OF CONTENTS
TASK 1 ...........................................................................................................................................3
1. Introduction to the proposed topic and rationale for selecting the same ...............................3
2. Aims and Objectives of research ...........................................................................................3
3. Scope and limitation of the project.........................................................................................3
4. Resource and costs considerations.........................................................................................4
5. Gantt chart and work breakdown structure ...........................................................................5
6. Risk register ...........................................................................................................................7
TASK 2 ...........................................................................................................................................9
Chapter 1: Introduction...............................................................................................................9
Background of the study.............................................................................................................9
Importance of the study ............................................................................................................10
Chapter 2 : Literature review....................................................................................................10
Chapter 3: Methodology ..........................................................................................................14
Chapter 4: Results ....................................................................................................................18
Chapter 5: Conclusion and recommendations ..........................................................................27
Chapter 6: Reflections ..............................................................................................................28
REFERENCES..............................................................................................................................29

TASK 1
Background of the topic
Globalization has bought big changes in the business environment. It has bought various
opportunities as well as challenges for companies. Globalization is considered to be as major
driver of change and it also encourages firm to expand business at intentional level. It has
provided enterprises an opportunity to cross border trade. Few companies in retail sector has
entered into Joint venture agreement with global firms in order to provide an appropriate
response to globalization. Joint venture is basically a management in which two or more firms
shows their agreement to share their resources for accomplishing desired objectives. By entering
into Joint venture business companies can get various benefit but at the same time they are
required to consider the risk associated with formation of Joint venture with international
companies. The main purpose of formation of Joint venture by firms is to get an ease in
expansion of business.
The research report will have focus on identifying the benefits as well as risk associated
with Joint venture business. It will include detail about the different methodology adopted by
researcher for conducting the various activities during investigation.
Overview of organization
Tesco is a British Multinational company operating business in retail industry. An
organization has retail outlets in more than 6800 countries worldwide. Business entity is among
the third largest retailer in terms of gross revenue. The products or services offered by Tescio are
books, toys, clothes . Electronic item, furniture, financial services etc. During the year 2015,
Tesco has a market capitalization of £ 18.1 billion. Tesco target people belonging to the moddle
income group people.
Rationale for selecting the topic
The reason for selecting the topic is that scholar wants to increase the knowledge about
the international joint venture business. The Tesco is a small business enterprise which has been
chosen for present study. Specific organization has been chosen as an enterprise is planning to
expand business ta international level Other rationale for selecting the specific topic is to assist
organization in taking important business decisions related to selection of the best strategy for

entering into international market. This present investigation will assist an organization in
making the suitable decision whether to expand business at international market by applying the
Joint venture strategy or not.
Importance of the research
The present investigation has great importance as for Tesco, as result drawn from the
investigation will assist management in making the suitable decisions about whether they should
enter into The Joint venture with global companies or not. In addition to this, the outcome of
investigation will assist management in making sure that whether decision taken by them
relating to the forming international Joint venture with global company is suitable or not.
The study has great importance of scholar as it will help them in developing the understanding
about joint venture business. In addition to this, by performing research on particular topic
researcher will able top gain knowledge about the risks as well as benefit associated with
International joint venture business.
2. Aims and Objectives of research
Aim: To identify the risk and benefits of Joint business venture strategy used by organization for
expanding business in Romania. : A case study of Tesco
Objectives
 To develop the understanding about the International Joint Venture.
 To explore as well as measure the risk associated with International Joint business
venture.
 To identify the benefit of forming strategic Global business alliances by Tesco for
expanding business in Romania. .
 To suggest the ways through which maximum advantages can be gained by Tesco in
context of Global joint venture with international firm in Romania.
3. Scope and limitation of the project
Scope is the most important component of project plan. It mainly includes detail about
project goals, investigator responsibilities, key deliverable etc. The research project have wide
scope. As by executing the investigation on particular topic research can easily identify the risks
and benefits associated with International Joint venture. Research report will assist companies in

getting an appropriate solution for the problem faced by them in entering into global market. As
per the view of other people, the scope of the present research is very wide, the further
investigation can be conducted for identifying appropriate solution for dealing with the
challenges or issues associated with establishing joint venture business.
Limitation is the parameter which restricts the scope of the study. Due to limited
resources and Time researcher might have to face difficulty in conducting the in depth
investigation on particular topic. According to other participant in investigation, strict budget can
create barriers in execution of investigation procedure.
4. Resource and costs considerations
Resources: The different types of resources required for conducting the investigation and
implementing specific project include manpower, information about the companies as well as
market, technology, finance etc. In context of present investigation, proper technique will be
utilised by scholar for allocating the resources. Researcher will allocate resource considering the
nature of tasks (Glesne, 2015.). In addition to this, Proper resource plan will be prepared by
scholar with the support of computer software such Enterprise resource planning and other
similar software .
Costs: There are basically two types of costs associated with performing the investigation
on specific topic these are fixed and variable. Costs also include travelling expenses,
communication cost etc. In context of research, the major cost occurred in collection of data
(Bell, Bryman and Harley, 2018). . In context of project, expenses are associated purchase of
technology, salary of employees, communication costs etc. In present study researcher will
utilise budgeting technique in order to control the flow of cash. Scholar in present study will
conduct the specific procedure calculating the costs of project which includes breaking down of
each requirement into set of task. At the initial stage researcher will address the member who
will perform specific task and consider the time duration of the activity. At the second stage,
researcher will Calculate the cost of completing these tasks. After the completion of the second
phase, investigator will compute the cost of each individual task to arrive at the cost of team
resources.
unit/ hrs Costs/ unit/ hrs WBS Level 1 total

Project
management
Project manager
group members
940
1830
150$
74$
$ 9710
$133000
Hardware
Handheld devices
Servers
150
3
750$
$4400
660 00 $
$16000
Installation and
development of
Licensed software
150 $250 $20500
software and
hardware Testing
$70000
5. Gantt chart and work breakdown structure
Activities Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8
Choice of
topic for
research
establishi
ng aim
and
objectives
Writing
Literature
review
Collectio
n of

informati
on
Data
analysis
Drawing
conclusio
n
Edition as
per
feedback
received
Final
submissio
n

6. Risk register
In context of risk associated with international joint venture are :
Type of risk Probability Impact Strategy
Geo political Medium High It is required by an

enterprise to follow all
the rules and regulation
formed by government.
Management in Tesco
need to consider all the
terms and conditions
when making
important business
decisions.
Financial risk Moderate High An enterprise can
include various terms
and agreement before
entering into joint
venture business with
global firm.
Threat to security and
breach of maintaining
the confidentiality of
information
High High Tesco need to use
unique strategy for
maintaining the
confidentiality of
business information.
In context of research project, different types of risk involved in conducting the
investigation process include ethical or legal issues, plagiarism, threat to participants security,
delay in completion of investigation process can have negative effect on outcome etc. Researcher
will have emphasized on collecting the information mainly from primary source, as this will
assist them in eliminating the risk of plagiarism. In addition to this, participants will be informed
about the purpose of investigation and confidentiality of information will be maintained as this
will assist them in eliminating risk of ethical issues.

TASK 2
Chapter 1: Introduction
Background of the study
Globalization can be defined as the integration of worlds economy. This is the
phenomenon which has bought drastic changes in business environment. It has encouraged
companies to make various arrangements for expanding business ta global level. International
Joint venture is basically arrangements in which two or more parties agreed to share their
resources in order to accomplish desired objectives. An international joint venture is considered
to be as the best approach which can be utilized by companies for entering into global market.
International Joint venture strategy will help an organization in gaining the competitive
advantage in global market. It will aid firm in reducing the negative effect of changes in global
environment on business. Joint venture allows an enterprise to share risk as well as profits.
There are different types of Joint ventures these are Limited Co-operation, business partnership
and separate joint venture business.
Nature of the problem
The rationale is that many of the companies in retail sector due to economic crisis in the
country is facing lower demand in local market, therefore scholar wants to support such
organization in identifying the best mode for entering into International market.
Aim : To identify the risk and benefits of Joint business venture in order to enter into
international market. : A case study of Tesco.
Objectives
 To develop the understanding about the International Joint Venture.
 To explore as well as measure the risk associated with International Joint business
venture.
 To identify the motive of International joint venture by Tesco .
 To suggest the ways through which International joint venture risk can be minimised by
Tesco .

Importance of the study
This research has great importance, it helps management in identifying the potential risks
and benefits associated with joint venture business in context of entering into international
market. It assists management in making suitable and an appropriate business decision. Research
on specific topic has great importance as it helps business entity in determining the strategies
which can be utilized for entering into global market.
Chapter 2 : Literature review
Concept of international Joint venture
According to the view of Bamel and Dhir, (2019), joint venture can be defined as a
commercial organization undertaken jointly by two or more parties. . The author Prashantham,
Bhagavatula and Sarasvathy,(2019), argues that Joint venture is a business arrangement in which
two or more parties shows their consent related to sharing of resources with the purpose of
accomplishment of common objectives. As per the opinion of Bradley(2019), Joint venture can
be considered to be as implication of domes organization with international firm in order to
accomplish business objectives. The author Hoffmann, (2018) argues that international joint
venture is the strategy which is mainly utilized by companies for entering into international
market and expanding business. As per thinking of Reuber, ALiesch, and Zhou,(018), Joint-
venture can be defined as the joining of two or more business partners from separate jurisdiction
with the motive of exchanging resources, risk. According to the view of Kwok,(2018),
International joint venture is agreement between domestic as well as internal organization, they
work together for gaining mutual benefit from long term contract. The author Williams, (2018),
argues that international joint venture is a process utilized for responding to specific business
issues. According to the thinking ofPrashantham, (2019), international joint venture is a separate
business entity which represents the partial holding of two or more partial organization which
headquarter is located outside the nation.
Risk associated with international Joint venture
According to the view of Bradley,(2019), lack of control on business can be considered to
be as the major risk associated with international joint venture. The author (), argues that there
are high chances of conflicts which might have negative effect on business performance. As per
the perception of Shen, (2018), there is high risk of clashes in culture and disputes about control
and operational decisions are common. According to the thinking of Inkpen, (2018), there is

high threat of lack of direction or damage to reputation of firm. The author also states that due to
strict control employees might feel frustrated which might give rise to the high employee
turnover rate. As per the view of Inkpen, Minbaeva and Tsang,(2018), The technology and
know-how shared with other organization can give rise to stiff or intense competition after
dissolves of Joint venture. The author also argues that major risk associated with international
joint venture is occurrence of Tax or financial issues. As per the view of Rosenbaum,(2019),
threat to the business security is the major risk associated with entering into a joint venture with
global corporation. The author Shen and Cheung, (2018) argues that there are high chances of
misuse of business information and stealing of customer data base due to which an organization
might have to face long term financial losses. According to the thinking of Prashantham,
Bhagavatula and Sarasvathy, (2019), There is an imbalance in levels of expertise, investment or
assets brought into the venture by the different partners which can have negative effect on
performance of an organization. The author argues that The partners don't provide enough
leadership and support in the early stages which can lead to high level of dissatisfaction in
workers. As per the thinking of Bradley, Hellmann and Wilson,(2019), there are high chances of
obligations or legal issues, as in context of international joint venture the structure offers no
liability protection to the parties involved. The author Liu, (2020), argues that complex
regulation around foreign investment has seriously threatened the functionality and enforce
ability of joint ventures. As per the view of Fatehi, K. and Choi, (2019), logistical risk due to
complex supply chain which is result of forming international joint venture is the major business
risk as such issue might have effect on the firms' ability to deliver products or services on time to
customers.
Motive of International Joint venture
According to the view of Friday, Ryan, Sridharan and Collins, (2018), Gaining market
knowledge is the main motive of international joint venture by companies. The author Shen and
Cheung, (2018), argues that firms enter into international joint venture for bringing improvement
in the different business activities such as human resource, marketing, finance, administration
etc. According to the survey conducted by author Hoffmann, Lavie and Shipilov,(2018), results
indicates that knowledge development is the main reason for establishing international joint
venture business. The purpose of international joint venture by firms is to increase knowledge
about country as well as market. For instance, a specific organization in its domestic country

might have crucial resources that could be goods for growth of business while company in other
country might have knowledge about the market. In such situations, In such cases joint venture
can support each other by improved knowledge and by providing resources.
According to the perception of Kwok, Sharma, Gaur and Ueno, (2018), The important
motive of international joint venture is to increase the market power globally. As per the market
power hypothesis, greater market power assist firm in getting higher return which can be
obtained by collaboration with international organization. The author Friday, Ryan, Sridharan
and Collins, (2018) argues that business entities collaborate with global firm with the motive of
either improving or maintaining the leading position in market as well as industry. According to
the opinion of Holtbrügge and Berning, (2018), domestic companies enter into joint venture with
global organization with the motive of gaining the competitive advantage in international market.
As per the thinking of da Silva Lopes, Casson and Jones, (2018), main motive of enterprises to
establish international joint venture business is to reduce transaction costs. By forming a joint
venture with international firm Tesco can minimize the cost of production as well as transaction
costs. The author Reuber,,Liesch and Zhou,(2018), argues that international joint venture can
only minimize partners costs and risk. In simple words, author wants to say that main motive of
international joint venture is to reduce risk the chances of failure and other risks. According to
the perception Hoffmann, Lavie and Shipilov, (2018), main motivation of forming joint venture
with global firms is to minimize the investment exposure of parent company. The author
Puthusserry, Khan and Rodgers,(2018) argues that main motive of both domestic and global firm
in context of entering into joint venture is to increase profitability. As per the perception of
Williams and Vrabie (2018), many firm establish international joint venture for getting ease in
entering into new market. The author argues that firm enter into joint venture with global firm in
order to get an ease in expansion of business in overseas market. According to the view of Shen
and Cheung, (2018), main motivation of entering into global market is to gain access to wide
market. As per the survey conducted by scholar Inkpen Minbaeva and Tsang,(2018), the results
of which reveals that approximately eleven hundred Joint ventures formed among the American
organization as other multinational enterprises has been unstable due to the structural as well as
strategic changes made by parent company. The researcher has also stated that business entities
which has entered into an international joint venture other liquidated or taken over by one

partner. According to the perception of Fatehi and Choi,(2019), main motive of collaboration is
to explore as well as capture unforeseen opportunities.
Ways through which International Joint risk can be reduced by Tesco
According to the view of Liu, (2020), excellent due diligence can be performed by joint
venture partners. The author also states that a comprehensive diligence will all the global partner
to assess whether the localized partner is the right “fit” with the right ethical and governance
background. It is required by an organization to perform the screening, as this strategy will assist
them in developing the understanding about the potential of partner to help an enterprise in
accomplishing desired objective. The author Prashantham, Bhagavatula and Sarasvathy, ( 2019),
argues that shared values, alignment of interest and trustworthiness between partners is very
much important in order to minimize the risk associated with international joint venture business.
`As per the perception of Bradley, Hellmann and Wilson, (2019), alignment of business
objectives as well as clear business model is very much crucial for mitigating risk associated
with international joint venture business. The author Bamel and Dhir,(2019), argues that for
eliminating thew risk of breach of contract, the partners before entering into a joint venture is
required to have a written agreement related to the mechanism of exiting from the joint venture.
According to the view of Prashantham, Bhagavatula and Sarasvathy, (2019), an organization in
order to avoid legal issues, can include dispute resolution mechanism in the contract. The author
also states that the dispute resolution procedures should be carefully crafted to eliminate
instances where local courts can interfere or stay the arbitration proceedings. As per the
perception of Lasserre, (2017), cultural shocks among workers is one of the major risk associated
with the international joint venture business. The author states that an enterprise in an order to
avoid business risk need to provide training to employees, as this will assist workers in
developing the understanding about the cultural dynamics. According to the thinking of Liu,
(2020), corruption or bribery is the major risk associated with forming joint venture with
multinational corporation. The author states that A serious anti-corruption compliance program
is very much important to be establish by an enterprise in order to avoid such types of risk.
According to the perception of Fatehi and Choi,(2019), logistical risks can be eliminated through
supply chain diversification and using common distribution system.

Chapter 3: Methodology
Research methodology is the different methods used by scholar for conducting the
investigation process on specific topic. It assists researcher in accomplishing the desired
outcome. Selection of appropriate research method is very much important in order to conduct
investigation process in systematic manner. Research methodology can also be considered to be
as a process conducted by the scholar for collecting, analyzing and interpreting the data. It can
also be referred to as systematic way of solving problem (Flick, 2015). The methodology section
in research report enables reader to evaluate the validity and reliability of information. Different
types of techniques, approaches, design and philosophy used by investigator in present study are
as follows:
Research type: The two basic type of research are qualitative and Quantitative. Qualitative
research can be defined as procedure of naturalistic inquiry which assist scholar in developing
the in depth knowledge about the topic. The major disadvantages of qualitative research is that
quality of the investigation procedure can be highly influenced by the abilities of researcher. In
addition to this, there are high chances of biases.
Quantitative research type can be referred to as systematic study on phenomenon by
accumulating numerical data. Statistical as well as mathematical tools and techniques are used
for analyzing the information (Kumar, 2017). It includes collection of non- numerical
information. The biggest advantage of quantitative research is that the result generated through
such type of investigation is easily measurable (Lewis, 2015). Major drawback is that
quantitative research cannot be utilized for explaining social phenomenon. Section of research
type is completely based on the purpose of investigation and problem identified. In context of
present study on topic the risk and benefits of Joint business venture in order to enter into
international market , researcher will conduct qualitative research. The reason for selecting the
qualitative research type is that it helps in developing the in depth understanding about the topic
as well as problem.
Research design: It is basically an arrangement of conditions for accumulation, analysis and
interpretation of information. Research design can be considered to be as technique which is
utilized by scholar for integrating the different components of the study. The various type of
research design is exploratory, explanatory, descriptive and experimental (Mackey and Gass,

2015). Exploratory research design is utilized for the problem which has not been studied by
other scholars. Explanatory research design is basically an initiative taken by scholar for
connecting the ideas for developing the understanding about cause and effect. Descriptive
research design is basically a study specially designed for depicting participants in accurate
manner.
In context of present study on topic the risk and benefits of Joint business venture in
order to enter into international market, scholar have utilized descriptive research design.
Rationale for selecting the descriptive research design is that it provides scholar an ease in
describing the phenomenon. The biggest advantage of descriptive research design is that it is less
time consuming as compared to other methods. Major drawback of research is that there arehigh
chances of biases due to absence of statistical tests.
Research approach: It is the process which consist of assumptions related to the different
methods which can be utilized for gathering, analysis and interpretation of information. Choice
of research approach is completely based on the nature of problem. It helps scholar in generating
the meaning from the information gathered. Research approach can be categorized into two, i.e.
inductive and deductive. Inductive research approach emphasizes on generalization of theory
emerging from the information gathered during investigation procedure. Advantages of inductive
research is that it is flexible and scholar is not required to follow pre- determined information.
Deductive research approach is mainly concerned with the development of new
hypothesis based on existing theory. Advantages of deductive research approach is that it is a
focused method of testing hypothesis. Major drawback is that it does not encourage divergent
thinking.
In context of present study on topic the risk and benefits of Joint business venture in
order to enter into international market, researcher will be using inductive research approach.
Reason for choosing the inductive research approach is that it helps investigator in exploring new
theory.
Research philosophy: It is perception of different scholar about the techniques which
can be utilized for conducting the different activities during research. The different types of
research philosophy are positivism and interpretative (Neelankavil, 2015). Positivism research
philosophy states that positive knowledge is completely based on the natural phenomenon.
Major drawback of Positivism research philosophy is that it lacks depth. The biggest advantages

of Positivism research philosophy is that theory can be generalized to a great extent. In context
of interpretative research philosophy major disadvantages is that there is high chances of biases
from the side of researcher. Major advantage is that it enables investigator to conduct detail
investigation (Blamey and Thompson, 2017.).
In context of present study on topic identifying the risk and benefit associated with joint-
venture business at internal level researcher has selected interpretative research philosophy.
Rationale for selecting the interpretative research philosophy is that interpretivist approach is
based on naturalistic approach of data collection.
Sampling: It is the procedure which has been conducted by researcher in order to select
few people as a participant in the research. Sampling activity is executed by scholar during the
investigation process due top limitation of time as well as resources (Pandey, Pandey and Van
Ryzin, 2017). The different techniques which can be utilized for sampling are random,
systematic, cluster, stratified, purposive etc. In context of present study on topic the risk and
benefits of Joint business venture in order to enter into international market. , researcher has
selected 20 customers of Tesco purposely as participants in research. In context of present study,
researcher has utilized purposive sampling technique. Rationale for selecting customers as
participants in research is that investigator perceive that they are the people those who have
knowledge about joint venture business and risks as well as benefit associated with it. Scholar
thinks that manager can provide detail and complete information about the Joint venture
business.
Data collection : It is the most essential activity in research. There are only two sources
from where the facts and figures related to the topic can be gathered these are primary and
secondary sources. The different methods or techniques which can be utilized for gathering the
information about the topic include interview, survey, observation, questionnaire etc. (Quinlan,
Babin, Carr and Griffin, M., 2019).In context of the present investigation on topic the risk and
benefits of Joint business venture in order to enter into international market , scholar has used
questionnaire method for collecting the data related to the topic. Rationale for selecting the
questionnaire for collecting the information is that large number of people can be reached
relatively easily and economically. Other Reason is that questionnaire assist scholar in getting
the quantifiable answers for research topic. Answers or information gathered using questionnaire

can be analyses easily by scholar. The primary method of data collection is method as it helps in
eliminating the chances of plagiarism.
Data analysis : This research activity basically includes refining of data in order to make
it useful and understandable. It includes evaluation of information gathered during the
investigation process (Turner, Cardinal and Burton, 2017). There are various software’s such as
SPSS can be utilized by investigator in order to refine the information. In context of present
study on topic the risk and benefits of Joint business venture in order to enter into international
market. , researcher have used thematic analysis. Considering the questions and answers
researcher has designed the various themes. Reason for selecting the thematic analysis is that it
helps scholar in making research report presentable and understandable by user. In addition to
this, investigator has utilized table, charts and graph for presenting the information in systematic
manner.
Questionnaire
Name:
Designation
Ques 1. Do you aware about the risk associated with international joint venture business?
 Ye s
 NO
Ques 2. According to you which is the major risk associated with international joint venture ?
 Lack of control
 Legal or tax issues
 Cultural disparage and conflicts
Ques 3. What is the main benefit gained by Tesco by forming the alliances with global
companies?
 Increase in profitability
 Competitive advantage
 Increase in market share
Ques 4. What is the main motive of Tesco in context of entering into joint venture with global
companies?
 Minimize the investment exposure

 Enter into new market
 To share risk
Ques 5. How much agree you are with the statement that Tesco can gain various benefit by
establishing international joint venture business?
 Completely agree
 Partially agree
 Completely disagree
Ques 5. What impact international joint venture have on business performance?
 Positive
 Negative
 Both
Ques 6. According to you what is major issues which Tesco might have to face in context of
international joint venture business ?
 Legal issues
 Tax issues
 Cultural issues
Ques 7. Suggest the strategies through which Tesco can yield maximum benefit by establishing
international joint venture business?
 Utilizing shared management
 Sharing of skills and resources
 Both
Ques 8. Recommend the best way through which firm can reduce the risk associated with
international Joint venture?
 By establishing clear goals
 Copy right or trade for preventing intellectual property
 By specifying clear terms in the contract
Chapter 4: Results
In context of present study, thematic analysis has been used by scholar for analyzing the
information. Graphs and tables has been used for presenting the data in professional manner.

Theme 1 awareness about the international joint venture business.
Ques 1. Do you aware about the risk associated with international joint
venture business?
 Ye s 15
 NO 5
Interpretation : From the information present in the above table, it has been analyzed that
majority that is out of 20, 15 respondents have stated that they are aware about the concept of
international business venture. Those people have stated that as they have completed their studies
in international business. There are only 5 out of 20 participants who were not aware about the
concept.
Theme 2: major risk associated with international joint venture.
Ye s NO
0
2
4
6
8
10
12
14
16
Series1

Ques 2. According to you which is the major risk associated with
international joint venture ?
 Lack of control 7
 Legal or tax issues 5
 Cultural disperses and conflicts 8
Interpretation : It has been interpreted from the above statement that out of 20, 8 perceives that
there is high risk of Cultural disperses and conflicts among partners in context of international
joint venture. They considered conflicts as major risk as this factor have direct effect on business
performance.
Theme 3 :main benefit is gained by Tesco by establishing international joint venture business.
Lack of control
Legal or tax issues
Cultural disperses and conflicts
0
1
2
3
4
5
6
7
8
Series1

Ques 3. What is the main benefit is gained by Tesco by establishing
international joint venture business?
 Increase in profitability 3
 Competitive advantage 13
 Increase in market share 4
Interpretation : From the above diagram, it has been analyzed that 13 respondents out of 20
thinks that competitive advantage has been gained by Tesco by entering into Joint venture.
Thirteen people out of 20 have given such answer as they have analyzed that after entering into a
joint venture with global organization, Tesco has gained the depth knowledge about the market
which has assisted business entity in gaining competitive advantage.
Increase in profitability
Competitive advantage
Increase in market share
0
2
4
6
8
10
12
14
Series1

Theme 4:the main motive of Tesco in context of entering into joint venture with global
companies.
Ques 4. What is the main motive of Tesco in context of entering into joint
venture with global companies?
 Minimize the investment exposure 3
 Enter into new market 12
 To share risk 5
Interpretation : It has been found by analyzing the information present in the table that out of 20,
12 respondents perceives that main motive of Tesco in context of establishing joint venture with
global companies is to enter into global market.
Theme 5: Tesco can gain various benefit by establishing international joint venture business.
Ques 5. How much agree you are with the statement that Tesco can gain
Minimize the investment exposure
Enter into new market
To share risk
0
2
4
6
8
10
12
Series1

various benefit by establishing international joint venture business?
 Completely agree 14
 Partially agree 4
 Completely disagree 2
Interpretation : From the above diagram, it has been analyzed that 14 out of 20, participants have
shown their complete agreement with the statement that Tesco can gain various benefit by
establishing international joint venture business. As they have analyzed the performance of other
organizations which has entered into international joint venture.
Theme 6: major issues which Tesco might have to face in context of international joint venture
business.
Ques 6. According to you what is major issues which Tesco might have to
Completely agree Partially agree Completely disagree
0
2
4
6
8
10
12
14
Series1

face in context of international joint venture business ?
 Legal issues 4
 Tax issues 6
 Cultural issues 10
Interpretation : It has been analyzed from the information present in above table that out of 20,
10 respondents perceives that Cultural issues is major issues which Tesco might have to face in
context of international joint venture business. These people think that there might be disputes
between parties due to bringing changes in culture which might have effect on business.
Theme 7 best strategy through which Tescio can yield maximum benefit by establishing
international joint venture business.
Legal issues Tax issues Cultural issues
0
1
2
3
4
5
6
7
8
9
10
Series1

Ques 7. Suggest the strategies through which Tesco can yield maximum
benefit by establishing international joint venture business?
 Utilizing shared management 13
 Sharing of skills and resources 5
 Both 2
Interpretation : It has been analyzed from the information present in above table that out of 20,
there are 13 people who think that though shared management Tesco can yield maximum benefit
by establishing international joint venture business. There are 5 people who state that by Sharing
of skills and resources an organization can gain maximum advantages.
Theme 8. By specifying clear terms in the contract, it can reduce the risk associated with
international Joint venture.
Ques 8. Recommend the best way through which firm can reduce the risk
associated with international Joint venture?
Utilizing shared management
Sharing of skills and resources
Both
0
2
4
6
8
10
12
14
Series1

 By establishing clear goals 4
 Copy right or trade for preventing intellectual property 6
 By specifying clear terms in the contract 10
By establishing clear goals
Copy right or trade for preventing intellectual property
By specifying clear terms in the contract
0
1
2
3
4
5
6
7
8
9
10
Series1

Interpretation : From the above diagram, it has been analyzed that there are 10 respondents out of
20, who perceives that By specifying clear terms in the contract. There are six participants who
think that Copy right or trade for preventing intellectual property an organization can prevent the
risk to security.
Chapter 5: Conclusion and recommendations
It has been concluded from the study that Joint venture is the best strategy for entering
into global market. The other fact which has been found during the research is that there is high
risk of dispute and other threats associated with the forming joint venture with global companies.
It has been concluded that selection of the right partner is very much crucial in order to run joint
venture business successfully. The other thing which has been found during investment is that by
entering into the joint venture business, company can gain competitive advantage and other
benefits such as easy access to market etc. By entering into joint venture with multinational
firms. It has been summarized from above research report that main motive of companies in
context of entering into international joint venture is to share risk and increase profitability. The
other fact which has been found during the research is that alignment of vision, trustworthiness
and shared value among the partners is very much essential in order to eliminate the risk
associated with international joint venture business.
It has been suggested to company that they should have clear business model in context
of intentional joint venture business, as this will help them in avoiding confusions as well as
misunderstanding. Another suggestion given to management in an organization that they should
provide training to employees, as this tactic will help workers in developing the skills which are
required for dealing with complex situations. It has been recommended ton firm that they are
required to include clear procedures and mechanism while forming international joint venture
with multinational corporation, as this tactic will aid them in avoiding various risk. Other
suggestion to organization is that they should conduct proper screening before choosing the
partner, as this activity will help them in determining the potential of foreign company in context
of accomplishing desired business objectives.

Chapter 6: Reflections
I have learned lot many things about Joint Venture Business. By participating in research,
I gained practical experience which I perceive that it will assist me conducting the further
researches on different topic in the future. By participating in the research , I came to know
about the risk associated with International Joint business venture. I gained the knowledge
about the firm motive in relation to enter into Joint venture business. I learned about the
strategies which can be applied for reducing the risk associated with International Joint venture
business. I learned about different research methodologies and techniques. I experienced the
different issues which an investigator has to face when executing the research on specific topic.
Among the various research activity, I found literature review section very much useful as it has
helped me in gaining the depth knowledge about the topic. Literature review has assisted me in
reaching to the conclusion. By participating in the investigation process I have developed various
skills such as presentation as well as research abilities which are perceived that will help me in
my personal as well as professional development. I have learned that selection of an appropriate
research methodology is very much crucial in order to accomplish desired goals. I have learned
about the techniques or strategies which can be utilized for eliminating the various barriers and
issues.
Before, starting the research project I have set some standards which has provided me an
ease in measuring performance. Yes, I will do some elements of the research differently if I had
been given second chance for conducting research. First thing which I will do differently is that I
will use advance technology for performing different research activities such as collection,
analysis and interpretation of information. In addition to this, I will utilize alternative form of
research methodology for conducting various activities during investigation.

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Online:
How to Reduce International Joint Venture Risk .2017. [Online]. Available
through:<http://www.cfo.com/global-business/2016/03/overcome-international-joint-
venture-risk/>.