Managing Successful Business Project - Tesco Assignment

Added on - 21 Feb 2021

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Managing Successful BusinessProject
Table of ContentsTopic: What are the risks and benefits of a joint business venture to enter International markets?..........................................................................................................................................................3INTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Aim and Objective............................................................................................................3P2 Project management Plan..................................................................................................4P3 Work break down Structure and Gantt Chart....................................................................5TASK 2............................................................................................................................................6P4 A small scale research to meet aims and objectives..........................................................6TASK 3............................................................................................................................................7P5. Data analysis....................................................................................................................7P6 Research recommendations.............................................................................................16TASK 4..........................................................................................................................................17P7 Reflection........................................................................................................................17CONCLUSION..............................................................................................................................17REFERENCES..............................................................................................................................19
Topic: What are the risks and benefits of a joint business venture to enterInternational markets?INTRODUCTIONFor expanding the business operations at global level and for gaining high competitiveadvantages, companies adopt various aspects. One of the aspect which can be easily adopted bycompanies is joint business venture. Joint venture refers to the agreement which includes two ormore parties, join their hands together in order to accomplish their goals and objectives effective.It is an agreement which is for a limited period of time and is establish for a specific purpose(Dosi and Galambos, 2013). With the help of this, company might be able to introduce freshtalent which will enhance the productivity and develop new skills in order to Globalise theirbusiness activities. For focusing more on such aspects, TESCO is chosen as the base company inthis present report. It is one of the biggest British multinational grocery company, founded in theyear 1919. its Headquarters is located in England, UK. TESCO deals in clothing, books,groceries, furnitures and many more in more then 13 countries across the world. In the presentreport, investigator have made effective aim and objectives in order to understand the concept ofJoint venture, various risk and benefits associated with it. Furthermore, for improving theeffectiveness and efficiency there are some recommendations which is also described in thisreport.TASK 1P1 Aim and ObjectiveGlobalisation is a wide concept, which provides various opportunities to businessorganisations in order to expand their operational functions. It will aid the company to enhancetheir sales as well as organisations will be able to generate more profits at the marketplace. Forexpanding the business activities, various companies might adopt joint venture. It refers to acontract which includes two or more parties in order to achieve their organisational goals in aneffective manner(Westerman, Bonnet and McAfee ,2014). In context to TESCO, managementteam of company adopt joint venture for accomplishing goals effectively. With the help of jointventure, company will be able to utilize huge amount of resources and funds as well aseffectively use the human resource. There are various risk and benefits associated with the
concept of joint venture. These benefits are that company will access the new marketplace easily,access better resources such as staff members, technologies, equipments, materials and so on. Onthe other hand, joint ventures includes various risk which might affect the whole workingprocess of the company. Some of the risk involved in joint ventures are as follows: unclearresponsibilities, clash between different working culture, not clear objectives of the company.All these risk can highly influences the profitability and performance of TESCO at theinternational marketplace.Research AimThe research aim for current study is “To identify the risk and benefits of a joint ventureto enter into international markets for TESCO”Research ObjectivesTo understand the concept of joint ventureTo role of joint venture in the success of TESCO at global marketplace.To evaluate risks and benefits of a joint venture to enter into international markets forTESCO.Research QuestionsWhat is the concept of joint venture?What is the role of joint venture in the success of TESCO at global marketplace?What are the risks and benefits of a joint venture to enter into international markets forTESCO?P2 Project management PlanFor every organisation it is very important for any organisation, to develop proper andeffective project plan with the help of which management team of the company achieve theirobjectives successfully. In the present context of TESCO, managers of the company need todevelop adequate project management plan which will provide a blue print of every activityrequired by the company in order to accomplish the goals effectively(Nambisan, 2017). Fordeveloping a project management report, various elements are included such as time, resource,scope, cost, risk and communications. All these components are explained below in detail:Project Title:What are the risks and benefits of a joint business venture to enter International markets?”Project Plan:
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