Globalization and Business Management

This assignment delves into the profound influence of globalization on contemporary business practices. It examines how globalization empowers businesses to tap into new markets, expand their market share, and cultivate a robust brand identity. The report analyzes various aspects crucial for developing a comprehensive project management plan, including cost, quality, communication, risk, resources, time, and scope. Furthermore, it discusses both qualitative and quantitative methods employed in research to gather insights into the complexities of globalization's impact on businesses.

MANAGING
SUCCESSFUL
BUSINESS PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
a) Clear aims and objectives for your project.............................................................................1
b) Project management plan and work breakdown structure and a Gantt chart..........................2
c) Small-scale research by applying qualitative and quantitative research methods..................4
d) Analyse and draw conclusion on findings..............................................................................6
e) Recommendations as a result of research and data analysis to draw valid and meaningful
conclusions................................................................................................................................15
f) Value of undertaking research to meet stated objectives and own learning and performance
...................................................................................................................................................15
g) Log book ..............................................................................................................................16
CONCLUSION .............................................................................................................................18
REFERENCES..............................................................................................................................19
.......................................................................................................................................................19

INTRODUCTION
Globalisation refers to lead to enhancing the competition and also financial or economic
shift from the developing to emerging economies. Its main focus is to promote awareness of
culture, global economic interdependency and internal co- operation (Antoniades, 2013). It is
related to interconnectedness of the business and people in all over the world. It is an ability to
communicate and also move in an easy manner with others to conduct business at global level.
This present report is based on Tesco company. It is multinational general merchandise and
grocery retailer in United Kingdom. It conduit its business at global level and it has stores around
seven different countries across Europe and Asia. Under this mention report will be discuss
about Gantt chart and Work break down structure to show the key milestones and time frames.
There will be discussion about project management plan in detailed manner.
TASK 1
a) Clear aims and objectives for your project
Globalisation is free movement of services, goods and people in all over world in an
integrated manner. It leads to enhanced competition and it can be related with target market,
price, adoption of response, quick production through firms, cost etc. When firm produces less
cost with better quality then it helps in enhance market share (Auer, Borio and Filardo, 2017). It
is process if an international integration that arising from interchange of world products, ideas
and some of the other cultural aspects. Globalisation is helpful in improving the living standards
of people in other countries because it provides employment opportunities to them.
Background of Research
Globalisation is necessary process and helpful in economic development of country
through Foreign Investment triggering saving with in country that can used in other investment.
Under this, globalisation can change competitive market by reducing cost of products, enhance
international productivity etc. Tesco is an international organisation and it conduct its business
operations at global level. This company is globalised due to its enhanced market share, high
quality of products or services etc. In the process of globalisation, human resource function plays
a necessary role. It adopt the different HR practices for an instance technological developments,
differences in culture and foreign regulations. Tesco company require to be include wide range
of adjustments to able to recruit, train and also sustain throughout many countries. The main
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purpose of human resource function is to enhance productivity of business and sustain at long
period of time in competitive market. Under this, human resource manager recruit the high
knowledgable candidates which have proper knowledge about the international culture. On the
other hand, most important function of human resource is to provide training to staff members
for enhancing their skills and knowledge so that they can deal with international clients and
understand their needs as well as preferences in a better or effective manner (Bailey and et. al.,
2018). This function aware the employees about the different culture along with various business
practices. Managers provide training to employees about communicate missions and goals, make
coordinate activities, integrate the diverse value systems and many others. In addition to this,
conducting business at international level make the communication strong among different
countries.
Aim
The aim of this project is to “To determine importance of Globalisation and its impact on
Human Resource Function of business. A Case study on Tesco.”
Objectives
 To identify concept of Globalisation.
 To examine role of globalisation in expand business at international level.
 To determine impact of globalisation on Human Resource Function of Tesco.
Questions
 What is globalisation?
 What is role of globalisation in expand business at international level?
 What is impact of globalisation on Human Resource Function of Tesco?
b) Project management plan and work breakdown structure and a Gantt chart
Project management plan refers to document that defines implementation, monitor and
control of project. Its main use to explain approach to project team that takes to deliver an
intended scope of project management of project (Briscoe, Tarique and Schuler, 2012). It is
helpful in describe each phrase of project. It is necessary because it assures that there is a plan
for implementing the strategic objectives in an effective manner. It is a responsibility of project
manager to develop plan in a systematic manner by considering all necessary aspects which are
given below as above:
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Scope- As Tesco is a large size organisation and it conduct its business operations at
global level. The scope of this project is wider because of its high market share, provide goods at
reasonable cost and many others.
Time- Under this, time is one of the main factor. It is necessary that activities which are
included in project management plan should be competed with in set period of time. In the plan,
each activities are divided on the basis of time period (Budhwar and Debrah, 2013). The time
duration for completing the project will be 3 to 4 months. On the other hand, if company will
globalise its business or expand it in other country then it will take 5 to 6 months.
Cost- It is necessary factor and without cost Tesco company can not perform its business
operations as well as not implement its plan at workplace. Before developing plan, it is necessary
to arrange the effective and adequate cost that helps in performing activities related to project
management plan. The cost that will be involved in project management plan about £ 5000. On
the other hand, if Tesco company will conduct its business operations at global level then it need
to arrange funds about £ 7000.
Quality- Maintaining quality of product is essential for organisation to maintain their
value in market. It is essential that quality of project should be better so that it can give the
positive outcomes to company. On the other hand, when Tesco company is going to make its
business globalise then it should be focus on provide high quality of services as well as products
so that more and more consumers can be attracted towards it.
Communication- At workplace, it is necessary that there should be proper
communication among all employees. Stakeholders are the main part of company so they should
be aware about the project and also globalisation idea (Mhamed, 2012). On the other hand,
strong communication at workplace is helpful in performing all tasks or activities and focus on
attaining specific objectives with in given period of time.
Risk- In any work or project, risk is involved. It is necessary for manager to manage the
risk that can be involved at the time of developing and implementing plan. During conduct
business at global level, risk can be related with technological, financial etc.
Resources- It plays an important role in carried out specific activities or tasks. Resources
are necessary for carried out task related to project. Under this, resources can be equipments,
funding, facilities, employees and anyone which are needed to complete activities of project.
Work breakdown structure
3

Work breakdown structure refers to key deliverable that helps in organise work of a team
in to the manageable sections. It gives an essential framework for control and detailed cost
estimation with giving guidance for the schedule development as well as control. It helps project
manager to manage their work in an effective way. Some of the important element that are
considered are time frame, cost and time limit activities, functioning completeness, assigning
responsibilities etc. so that project can be completed in an efficient manner.
Main aim of Work Breakdown Structure is to reduce complication from tasks by
breaking down complexity into measurable account, it also helps in including all activities of
project in one task the will aid in proper monitoring of several activities (Mowforth and Munt,
2015).
Gantt chart
Gantt chart is a graphical representation of scheduled project designed by Henry Gantt. It
is a type of bar chart that shows progression of work from start to finish. These charts are used
for planning a project by defining a sequence from the start to end. Most of the charts are having
horizontal bar charts to determine time frame required for project. Tesco company can use this
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Illustration 1: Work BReakdown Structure

in a better way to increase in a better way to increase their potential in performing their business
activities.
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c) Small-scale research by applying qualitative and quantitative research methods
Research methods refers to strategy that an investigator devised in context to collect
data. It is helpful in gathering data related to specific research topic.
Qualitative analysis – Research of these data are focussed on collection of historical data
and facts that will help in analysing attitude, behaviours, choices, demand of customer in
business market. Under this, information is measured in terms of quality. It helps in conduct an
investigation in detailed manner.
Quantitative analysis – This involves all those numerical data, facts, events, situation by
using statical and mathematical modelling (Sciascia and et. al., 2012). These models helps in
analysing of data and putting them on graph and chart that will aid company to understand their
business activities efficiently Data collection refers to procedure of collecting as well as
measuring information on the variable of interest. It is helpful in providing information in a
detailed manner so that research can be completed.
Primary research method- Under this, data is collected for the first time from various
sources such as questionnaire, surveys, observation etc.
Questionnaire
Name:
Age:
Gender:
Contact no.-
Address-
Q1) Are you aware about the globalisation concept?
a) Yes
b) No
Q2) What are the advantages of globalisation to business of Tesco?
a) Increased Creativity and Innovation
b) Easy Access to Foreign Culture
c) Improved Living Standards
d) Lowered Costs for Goods and Services
Q3) Is globalisation develop positive impact on business operations of Tesco firm?
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a) Yes
b) No
Q4) What is the role of Human Resource Department in expand business at global level?
a) Aware about international culture
b) Hire qualified candidates
c) Provide training
Q5) What resources will required during the globalisation?
a) Technological resources
b) Manpower
c) Financial resources
Q6) What are the main issues faced by Tesco company when performing its business at
global level?
a) Job mobility
b) Loss of cultural Identity
c) Partner with a Globalization Expert
Q7) What are main ways through which company can globalise its business?
a) Merger and acquisition
b) Joint venture
c) Partnership
Q8) What is impact of globalisation of Human resource function of Tesco?
a) Positive
b) Negative
Q9) What are different ways through which Tesco company can overcome from arisen
issues in globalisation?
a) Provide job opportunities
b) Aware about international culture
c) Give advise from expert
Q10) Recommend some ways through which Tesco can gain competitive position at
international level.
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Secondary research method- In this method, information and data is collected already
from the different sources such as books, journals etc.
Sampling- It is process that used in the statistical analyses to predetermined observations
taken from large size population. In this, investigator select a sample size from whole population.
With the help of using the random data sampling methods, investigator select 30 respondents
which are the employees of Tesco company.
d) Analyse and draw conclusion on findings
THEME 1: Aware about the globalisation concept
Q1) Are you aware about the globalisation
concept?
Frequency
Yes 28
No 2
Interpretation: From the above mention graph, it has been analysed that there are 28
respondents which have in- depth knowledge about globalisation. On the other hand, there are 2
respondents which said that they have no knowledge.
THEME 2: Advantages of globalisation to business of Tesco
8
Yes No
0
5
10
15
20
25
30 28
2
Column B

Q2) What are the advantages of
globalisation to business of Tesco?
Frequency
Increased Creativity and Innovation 5
Easy Access to Foreign Culture 10
Improved Living Standards 6
Lowered Costs for Goods and Services 9
Interpretation: Under this, there are 5 respondents which said that main benefit Tesco can get
from globalisation is enhanced innovation as well as creativity. On the other hand, there are 10
respondents which said that it is easy to be access in to foreign culture. According to 6
respondents, if company will globalise its business then from this living standard of people will
be improved. There are 9 respondents which are agree with reducing cost of goods and services.
THEME 3: Globalisation develop positive impact on business operations
Q3) Is globalisation develop positive impact
on business operations of Tesco firm?
Frequency
Yes 25
9
5
10
6
9
Increased Creativity and
Innovation
Easy Access to Foreign
Culture
Improved Living Standards
Lowered Costs for Goods and
Services

No 5
Interpretation: On the basis of opinion of 25 respondents that globalisation develops positive
impact on business of Tesco company. There are 5 respondents which said that globalisation also
develops the negative impact on activities as well as business operations.
THEME 4: Role of Human Resource Department in expand business
Q4) What is role of Human Resource
Department in expand business at global
level?
Frequency
Aware about international culture 10
Hire qualified candidates 12
Provide training 8
10
Yes No
0
5
10
15
20
25
25
5
Column B

Interpretation: In an organisation, human resource is backbone of an organisation. The main
focus of this company is on enhancing the productivity of firm and attain objectives with in
given period of time. There are 10 respondents which said that main role of HR in globalisation
is to create awareness about international culture. There are 12 respondents which said that HR
department hire the well qualified candidates so that they can deal with international clients.
According to 8 respondents, training is most necessary role of Human Resource function.
THEME 5: Resources will required during the globalisation
Q5) What resources will required during
the globalisation?
Frequency
Technological resources 10
Manpower 9
Financial resources 11
11
10
12
8
Aware about international
culture
Hire qualified candidates
Provide training

Interpretation: When company globalise its business, then it needs some resources which help
in conducting business at global level. There are 10 respondents which said that technology is a
main resources which help in conduct business operations. On the other hand, human resource is
necessary in performing different activities. According to 11 respons, finance is a main resource.
THEME 6: Issues faced by Tesco company when performing its business
Q6) What are the main issues faced by
Tesco company when performing its
business at global level?
Frequency
Job mobility 8
Loss of cultural Identity 10
Partner with a Globalization Expert 12
12
Technological resources Manpower Financial resources
0
2
4
6
8
10
12
10
9
11
Column B

Interpretation: When company globalise its business, then it face some issues. According to 8
respondents, main issue that company face in globalisation is related to job mobility. On the
basis of opinion of 10 respondents, loss of the cultural identity is also an issue because culture of
every country is different from each other. 12 respondents said that partner with the globalisation
expert is major problems that is faced by Tesco.
THEME 7: Ways through which company can globalise business
Q7) What are main ways through which
company can globalise its business?
Frequency
Merger and acquisition 13
Joint venture 9
Partnership 12
13
8
10
12
Job mobility
Loss of cultural Identity
Partner with a Globalization
Expert

Interpretation: There are various ways through which company can globalise its business in an
easy manner. According to 13 respondents, through using merger and acquisition, firm can
expand its business. There are 9 respondent and according to them joint venture is one of the
effective method. According to 12 respondents, by partnership, company can work with
international company.
THEME 8: Impact of globalisation of Human resource function
Q8) What is impact of globalisation of
Human resource function of Tesco?
Frequency
Positive 22
Negative 8
14
Merger and acquisition Joint venture Partnership
0
2
4
6
8
10
12
14 13
9
12
Column B

Interpretation: In globalisation, main role of human resource function is to hire qualified
people, provide them training, motivate them etc. There are 22 respondents which said that
globalisation develop positive impact on HRM because it enhance productivity of business.
According to 8 respondents, it develops negative affect.
THEME 9: Different ways through which Tesco company can overcome from arisen issues
Q9) What are different ways through which
Tesco company can overcome from arisen
issues in globalisation?
Frequency
Provide job opportunities 10
Aware about international culture 8
Give advise from expert 12
15
Positive Negative
0
5
10
15
20
25 22
8
Column B

Interpretation: In order to overcome from different issues, company find some ways to
overcome from problems. There are 10 respondents which said that by providing the better job
opportunities, company can reduce negative impact from business. There are 8 respondents
which said that Tesco should be aware about the international culture so that it can n0ot face any
issue in conducting business. There are 12 respondents which agree with give better advise from
the experts.
e) Recommendations as a result of research and data analysis to draw valid and meaningful
conclusions
There are some recommendation given below from data analysis:
 Before conducting business at global level, culture awareness is necessary.
 Tesco company should provide training to staff members so that they can communicate
and resolve any queries of international consumers.
 Research and development should be when firm expanding its business at global level
because it helps in determine existing competitors, demands and needs of consumers etc.
f) Value of undertaking research to meet stated objectives and own learning and performance
This present research is based on “Importance of globalisation and its impact on Human
Resource Function of Tesco ”. When I was conducting research, I leaned many things such as
collect data, deal with respondents and also determine skills which need to be developed. Other
16
10
8
12 Provide job opportunities
Aware about international
culture
Give advise from expert

than this, I also faced some issues related to the money and time. My money management and
time management both skills were not goods. So, I was unable to deal with both issues in an
effective manner. In order to conducting an investigation, I do not have much time by somehow I
managed all my activities in a better manner. On the other had, while conduct a research, I also
faced the money issue because in data collection, print questionnaire etc. more money involved.
So, after this, I worked on money and time management skills and find the ways to overcome
from them in a better way.
g) Log book
Project Logbook for the chosen
organisation:“ Tesco ”
Name of the learner:
Project Title: Managing Business
Successful
Update of weekly research/ tasks achieved
(Account for a minimum of six weeks with
dates)
 What have you completed?
Aims and target of a particular project has been
planned in a first week to manage an
assignment in a effective manner.
An organization may conduct research
programs to create an useful Gantt chart to
manage every activities by allocating an
appropriate time frame to each task completed
in a 2nd week.
This assessment is basically focus impact of
digitisation on in retail sector and how can they
be utilised for getting better productivity.
 Did you fulfil Task requirements? Yes
 Are you on track and within
deadlines set?
Yes
 Did you need to make any changes
to your project management plan?
Yes
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 Any risks and / or issues identified?
 Did you identify risks/issues with a
lack of skills required for
undertaking research tasks?
No
 Did you identify any additional
risks/issues that have an impact on
the project management plan?
No
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Problems encountered
 What barriers did you face?
More time is needed for survey and to make
effective planning
How did you overcome them? My team leaders and mentor have provided
huge support through the process
 New Ideas and change of project
direction
Adopting to innovative technique will help
organisation.
What Have I learnt about myself this week?
How did I feel when I had to deal with
tasks/problems?
I am satisfied after achieving desired
quantitative analysis
 Did I find it useful to complete the
tasks?
Yes
 How well have I performed? What
did I contribute?
I have analysed different factors effectively
 What can I improve on next week? Next time I will use more analytical and
statical tool for generating better result
Tasks planned for next week
 Which tasks are priority?
Collection of data
 Have you set aside sufficient time for
completion?
Yes, I had sufficient time for this research
Project plan status to date (on, ahead,
behind)
Up to date
Supervisor comments to address
Signature of the Supervisor and date:
CONCLUSION
It has been concluded from above mention report that globalisation helps business to
target new market, enhance its market share and develop strong brand image at the market place.
It is helpful in provide the competitive benefit to business. In this mention report studied about
the various aspects which are necessary in develop a project management plan such as cost,
quality, communication, risk, resources, time and scope. There has been discussion about the
qualitative and quantitative methods in conducting an investigation and collect information
related to specific research area.
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REFERENCES
Books & Journals
Antoniades, A., 2013. Producing globalisation: Politics of discourse and institutions in Greece
and Ireland.
Auer, R., Borio, C. E. and Filardo, A. J., 2017. The globalisation of inflation: the growing
importance of global value chains.
Bailey, C. and et. al., 2018. Strategic human resource management. Oxford University Press.
Briscoe, D., Tarique, I. and Schuler, R., 2012. International human resource management:
Policies and practices for multinational enterprises. Routledge.
Budhwar, P. S. and Debrah, Y. A. Eds., 2013. Human resource management in developing
countries. Routledge.
Mhamed, A. A. S., 2012. Globalisation and higher education in the Arab Gulf States.
Mowforth, M. and Munt, I., 2015. Tourism and sustainability: Development, globalisation and
new tourism in the third world. Routledge.
Sciascia, S. and et. al., 2012. The role of family ownership in international entrepreneurship:
Exploring nonlinear effects. Small Business Economics. 38(1). pp.15-31.
Online
Globalization Benefits and Challenges. 2018. [Online]. Available through
:<https://velocityglobal.com/blog/globalization-benefits-and-challenges/>.
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