Management Report Proposal Form for Researching Tesco's High Customer Attrition Rate
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Added on 2023/04/25
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This management report proposal form outlines the research questions, sub-questions, sources of information, objectives, and structure for a report on Tesco's high customer attrition rate and its impact on profitability.
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Your Name Your Student Number Company Name Company Location Why do you want to research this company? The issues currently faced by Tesco like business competition, the need to embrace e- commerce model of business, high customer attrition and others and also the strategies that it has adopted to overcome or mitigate them will help me to understand the professional business world in an effective manner. PDP/ESAP Management Report Proposal Form Task 1.The Research Question(Topic) Write one (1) clearly stated question related to an issue/challenge your selected organisation faces. This is your main research topic. It may change slightly as you begin the research process based on availability of information, narrowing of the scope, change in interest, etc. Examples: How the high customer attrition rate that the organisation Tesco faced adversely affected its profitability and what could have been done to avoid it? Task 2.What do I need to Know to Answer the Question? Identify a minimum of 3 (Maximum of 5) sub-questions which go directly towards answering your main research question. What is/arekey issue(s)behind the challenge? 1.What were the factors which contribute towards the high customer attrition that Tesco faced? 2.How did the loss of loyal customers affect the business prospects of Tesco in UK? 3.How can organisations like Tesco reduce their customer attrition rate so as to enhance their profitability? Task 3. Sources of Information Where will you find information with which to answer your question? Are you certain you can access that information? If you’re thinking of original research, state the format(s) and consider the amount of time required. The information needed for the completion of the research work will be collected from the official website of the organisation. The researcher will in particular use the annual reports, financial statements and similar ones published by the organisation. In addition to these, the researcher will also take the help of different kinds of secondary data like newspaper articles, peer-reviewed
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articles, books and other sources of secondary information related to the topic under discussion here. The researcher will focus mainly on secondary data and primary data will not be collected for the research because of time and resource constraint. Task 4.Define the Report’s objectives (Scope) What do you hope will be achieved by answering your main research question? Where will you define the boundaries of your report? What won’t you cover? I would like to say that because of resource and time constraints, certain concepts or things which are related to the topic like High Street supermarket wars, the failure of Tesco in USA’s retail business market and others. The researcher will solely focus on the issue of high customer attrition that Tesco faced. Task 3. Explain the Report’s Structure Give a brief outline of the report. It should be closely related to the structure given in the Assessment Guidance section of the brief. The report will begin by offering an overview of the organisation Tesco and also the issue that it is facing currently, namely the problem of high customer attrition rate and its impact on the profitability of the concerned organisation. The report will next discuss the manner in which the information needed for the completion of the research work had been collected and also the way in which the information have been analysed. The researcher will next take the help of different kinds of analytical tools like Customer Life Cycle, Marketing Funnel, Customer Decision Making model, Marketing Mix and other similar ones to determine the main causes of the issue that the organisation is currently facing. In addition to this, the researcher will also show how the failure to embrace the e-commerce model of business and other innovative technologies reduced the satisfaction level of the customers of Tesco and thereby led to the problem of customer attrition that Tesco is still reeling from, albeit in a smaller manner. The researcher will finally conclude the report by recommending some measures through the use of which the organisation can address the issue that it is currently facing in an effective manner.