Impacts of Globalization on Tesco
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Added on 2021-02-21
Impacts of Globalization on Tesco
Added on 2021-02-21
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Research Project
Table of ContentCHAPTER 1: INTRODUCTION AND BACKGROUND:............................................................3Research background...................................................................................................................3Research aim and objectives........................................................................................................3CHAPTER 2: LITERATURE REVIEW.........................................................................................4CHAPTER 3: RESEARCH METHODOLOGY:............................................................................6CHAPTER 4: DATA ANALYSIS:.................................................................................................8CHAPTER 5: CONCLUSION AND RECOMMENDATION.....................................................16Conclusion.................................................................................................................................16Recommendation.......................................................................................................................16CHAPTER 5: REFLECTION........................................................................................................18CHAPTER 6: ALTERNATIVE RESEARCH METHODOLOGY..............................................19REFERENCES..............................................................................................................................20APPENDIX....................................................................................................................................22Questionnaire.............................................................................................................................22
CHAPTER 1: INTRODUCTION AND BACKGROUND:Topic: To investigate the influence of globalization on trade across borders andorganizational profitability in the context of UK retail sector: A study on Tesco.Research backgroundThe present research project have been made to present the analysis of the impacts ofglobalization over profits of Tesco with identifying the growth factors of globalization on thebusiness. In the research project research aims, objective and questions have been used from theresearch proposal. A research methodology have been presented. The data have been collectedthrough survey in which questionnaire have been filled by managers of the Tesco to investigatethe effects of globalization on profits of Tesco.Research aim and objectivesAimThe aim behind initiating current study is to assess the impact of globalization on tradeacross borders and Tesco’s profitability.Objectives:Referring the above aim following objectives have been drafted:To assess the trend of globalization and associated benefits. To evaluate the contribution of globalization with respect to Tesco’s cross bordertrade practices. To investigate the impact of globalization on Tesco’s growth and profitability.To recommend effectual strategies to Tesco in relation globalized businesspractices.Research questionsFor conducting study in an appropriate manner research questions have been formulated such as:Q.1 Does globalization facilitate trade across borders in the context of Tesco? Q.2 How globalization contributes in organizational growth, success and profitability?
CHAPTER 2: LITERATURE REVIEW The literature review under a research project comprise views, opinion and perception ofdifferent authors and writers over other research topic. For the present research project the LRhave been presented in form of themes which are taken form the research objectives toinvestigate the impact of globalization over profitably of Tesco through cross border sales.Theme 1 Trend of globalization and associated benefits.According to Beck (2018), globalization implies for the process which is undertaken bythe business units for international influence. In other words, in the globalized now businessunits are encouraged to start business operations in overseas market. As per the views Awan(2016), in the present time the major trend of globalization is related with expansion of themarkets by allowing wider access to the potential market places and more consumers. Thisdirectly have a positive effect on the profits of business as expansion increases sales and this inturn ensures higher profitability.On the other hand Steger (2017) presented the view that globalization's major trend isincreasing the sales cross borders and different nations. With proving products as per the demandand preference of the consumers belonging to different nations the sales revenues are increasedby business organization in order to seek higher profits. Pieterse (2019), stated in the study thatglobalization enables firm to enhance profit by getting economies of scale. Moreover, businessunit gets discounts when it operates at large level. Theme 2 Contribution of globalization on cross border trade practices of business.According to the opinion of Picciotto, (2017) globalization means to promote trade andcommerce in different countries of the world and melting down the national bordered for trade.This has increased the opportunities for the business organisation of selling their goods andservices in nations around the world. Sundaram (2018) mentioned in the study that globalizationhas increased the integration of the business with other corporation of the world as well. Thus, byusing strategies such as merger, acquisition, joint venture etc firm can trade at global levelsuccessfully.Conversely, it is stated by Coulibaly, Erbaoand and Mekongcho (2018) that with goingglobal the business strategies of the organization have been changes immensely as before thebusiness used to make polices and strategies for selling in one nation but with globalization it haschanged. Croucher (2018) presented that now the business makes strategies and polices for
operating in more than one nation. With the practices of the business have also changes incontext of manufacturing and selling of goods and servings various nations.Theme 3: Impact of globalization on growth and profitability of business.In accordance with the opinion of Surugiu and Surugiu (2015) it can be stated thatglobalization have a direct impact on the growth of business as going global means to expandbusiness operation on business in other nation and expansion is a sign of business growth. Withthe growth and expansion the profits are sought to raise with a grater pace as compared to thecurrent profitability rate of the organization.On the contrary it is stated by Wood,Wrigley and Coe (2016) that with increasing theglobal operation through the profits might rise but the cost and expresses of the business shoot toa higher level which do not ensure the goods profits to a business. It rather shows the risk offailure and the business can over burdened with higher expenses and lower profits. Bozyk (2019)identified that globalization enables firm to explore its customer by operating internationally. Inthis way, widen customer reach facilitates both maximization of both productivity andprofitability. However, Ashenfelter and et.al., (2018), criticized globalized business environmenton the basis its uncertainty. Moreover, if political, economic, social, technological, legal etcfactors of global business arena are not favorable then it negatively impacts profitability aspects.Rodrik (2018) said that in the case of globalization company has opportunity to increaseprofitability aspect by entering in emerging market. Moreover, one market, in the context ofspecific products and services is saturated after some times. In this situation, company hasopportunity to improve financial aspect by selling product or services in the economies wherepotential exists.
CHAPTER 3: RESEARCH METHODOLOGY:Research approach and philosophy:The research philosophy for the present research project have be chosen as inductiveapproach to analyses the impact of globalization on the profits of the Tesco due to engaging inthe cross border trades (Quinlanand et.al., 2019). The research philosophy have been selected asinterpretivism where philosophies have been selected to aid in deriving suitable solution bylaying emphasis on interpreting the qualitative facts through relating the globalization.Research type:For the present research project qualitative research type have been selected to conductthe study on investigating the impact of globalization over profitability of Tesco due to crossborder trade (Flick, 2015).Data collection:The data collection for the research project have been done through both primary andsecondary methods. The secondary data have been collected through books, journals and articles(Kumar, 2019). While, the primary data have been collected through the survey of 20 managersof Tesco to identify the effect of global sales by Tesco.Sampling:
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