Globalisation's Impact on Tesco PLC's Business Functions: A Project

This report examines the multifaceted impact of globalisation on Tesco PLC, a major British multinational retailer. It delves into how positive economic, cultural, and ethical factors influence various business functions such as human resources, marketing, sales, operations, and production. The report begins with an overview of Tesco, its mission, and rationale for the study, followed by a detailed project management plan including cost, scope, time, quality, communication, and risk assessment, alongside a Gantt chart. The research methodology employs an interpretivism philosophy with an inductive approach and descriptive research design, utilizing both primary and secondary data collection methods, including questionnaires and literature review. The analysis includes an examination of political and economic factors, competitive pressures, and the challenges faced by Tesco in the global market. The report concludes with recommendations for Tesco to overcome challenges and leverage opportunities, along with a reflection and references.

Managing a Successful
Business Project

TABLE OF CONTENTS
TOPIC:.............................................................................................................................................1
INTRODUCTION...........................................................................................................................1
Overview of the company......................................................................................................1
Rationale.................................................................................................................................1
Aim and Objectives................................................................................................................2
PROJECT MANAGEMENT PLAN...............................................................................................2
RESEARCH METHODOLOGY.....................................................................................................5
DATA ANALYSIS AND FINDINGS............................................................................................7
RECOMMENDATION.................................................................................................................14
REFLECTION...............................................................................................................................15
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16

TOPIC:
“To identify the impact of positive economic, cultural and ethical impact of globalisation
on different business function.” A study on Tesco PLC.
INTRODUCTION
Globalisation is the process by which different economies as well as societies become
more closely integrated and concurrent with increasing worldwide globalisation. The impact of
globalisation on businesses is multifaceted with both positives and negatives. Political,
economical, cultural and ethical are all the factors which are involved in evaluating the impact of
globalisation. Positive side of globalisation is that it brings productivity, innovation and
automation in the business function. On the other hand, globalisation has leads to raise
competition in the cost, product, prices, service, target market, adaptation of technology and
many others.
This present research paper is based on the impact of globalisation on different functional
areas of the business such as human resource, marketing, sales, operations and production.
Further, this research study will identify both positive and negative side of globalisation on the
business.
Overview of the company
In this present research, Tesco will be chosen for assessment. Tesco is a public limited
company. It is a British multinational groceries and general merchandiser retailer in United
Kingdom. Company is founded in 1919 by Jack Cohen. Tesco is the third largest retailer in
United Kingdom. There are 6533 shops of Tesco. The mission and vision of Tesco is to deliver
value to both customers and employees.
Rationale
Around this topic, the impact of globalisation on the functional areas of business, there
have been extensive investigations are done. Globalisation has leads to both positive and
negative impact on the businesses which has leads to organisation towards the path of expansion.
The reason for choosing the topic behind is to evaluate the impact of positive economic, cultural
and ethical factors as these are the current drivers of globalisation. In addition to this, another
reason for choosing the topic is that researcher have a great interest in studying the topic
globalisation and its impact on businesses sectors as well as on the economy.
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Aim and Objectives
Aim:
“To identify the impact of positive economic, cultural and ethical impact of globalisation
on different business function.” A study on Tesco PLC.
Objectives:
 To extract the meaning of globalisation.
 To identify the advantages of positive economic, cultural and ethical impact of
globalisation on different business function of Tesco.
 To determine the challenges faced by the organisation after globalisation.
 To provide recommendation on the overcome the challenges and grab opportunities in the
marketplace.
Research Question:
1. What is the meaning of globalisation?
2. What are the advantages of positive economic, cultural and ethical impact of
globalisation on different business function of Tesco?
3. What are the challenges faced by organisation after globalisation?
4. What are the recommendation to overcome the challenges and grab opportunities in the
marketplace?
PROJECT MANAGEMENT PLAN
Project management plan is required for effective execution of project. The following are
the elements which are considered for this research :
Cost : For completing the project there will be various cost which will be incurred such
as cost of market research (Hillson, 2017). The researcher for conducting this research will incur
cost of about 5000.
Scope : The scope of this project is to gather the relevant information to make the study
authentic so that is its useful for other researcher (Polonsky and Waller, 2018). The project
scope is to achieve the aims and objectives effectively and efficiently.
Time : The researcher for completing the project on time will allocate specific time to
activities involved in this project to manage the project so that it is completed on time.
Quality : The study will be conducted by maintaining proper quality standards to provide
useful and relevant information regarding the research paper.
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Communication : The project for making it more effective will be communicated
through use of social media sites and other websites (Young, 2016). The plan will be
communicated to identify if there are any changes required in the plan to be modified.
Risk : It includes managing the risk associated with the project (Dutta and Bose, 2015).
For managing the project it is required to identify and assess the risk which may affect the
project to minimise the impact of risk on project. There are various risk such as loss of data,
technical risk etc.
Resources : For completing the project the task the resources which are required will
include equipment, funding, facilities etc. Equipment such as laptop etc.
Work Breakdown Structure
Gantt chart including time frames
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Task Name Duration Start Finish Predecessors
Topic formulation 2 days Mon 25-02-19 Tue 26-02-19
Devising aim and objectives 2 days Wed 27-02-19 Thu 28-02-19 1
Research Rationale 3 days Fri 01-03-19 Tue 05-03-19 1,2
Implementing appropriate
research methodologies 4 days Wed 06-03-19 Mon 11-03-19 3
Data collection through
primary and secondary sources 6 days Tue 12-03-19 Tue 19-03-19 3,4
Examine data 3 days Wed 20-03-19 Fri 22-03-19 5
Interpreting data collected 4 days Mon 25-03-19 Thu 28-03-19 6
Conclusion and
recommendations 2 days Fri 29-03-19 Mon 01-04-19 6,7
Submitting draft 1 day Tue 02-04-19 Tue 02-04-19 8
Modifying report as per
feedback 2 days Wed 03-04-19 Thu 04-04-19 9
Final submission of report 3 days Fri 05-04-19 Tue 09-04-19 9,10
Figure 1 Gantt chart
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RESEARCH METHODOLOGY
In this research the data will be collected to provide authentic and meaningful
information regarding the research. It is a systematic process of gathering information regarding
the topic of the research to have authentic and valid information to provide the conclusion on the
basis of the data collected.
Research philosophies : It is a belief in which the phenomenon about the data should be
gathered, analysed and used. Also, It helps in the process of research by choosing the appropriate
philosophy. There are different research philosophies which consist of Epistemology,
Positivism, Realism and interpretivism. Epistemology is related to the acceptable knowledge
regarding the research paper. This philosophy is based on nature of knowledge and justification.
Positivism is related to the positive knowledge is based on natural phenomenon and their
properties and relations. Realism philosophy is based on the idea of independence of reality
from the human mind. In this the research is conducted on the basis of assumptions of a scientific
approach to the development of knowledge (Blohm and et. al., 2016). Whereas, Interpretivism is
a form of qualitative methodology. It assists in gathering the in depth information regarding the
research. This research philosophy help to draw conclusion from the data gathered. In the present
research, the research will choose the Interpretivism philosophy for conducting the research to
determine the impact of Political, economic, social, and cultural impact of globalisation.
Research approach : It is a plan and procedure that includes steps of broad assumptions
for detailed method of data collection, analysis and interpretation. The research approach is
based on research problem which is being addressed (Research Approach, 2018). It includes
deductive and inductive research. Deductive approach is related to developing a hypothesis
which is based on existing theory on the basis of which research strategy is designed to test the
hypothesis. The inductive approach is concerned with generation of new theory which is
emerging from data (Larson and Chang, 2016). In this present research, the research will conduct
the research through inductive approach in order to identify the impact of Political, social,
economic and cultural of globalisation on different functions performed by Tesco Plc effectively
and efficiently. As this approach will help in gathering in depth information regarding the
research.
Research design : It is a method and techniques which are used by researcher to
combine various components of research in order to handle the research problems effectively in
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logical manner. The research design help in answering to research problems effectively. There
are four kinds of research design which can be used by researcher for conducting the research
effectively which consist of descriptive, Correlational, quasi – experimental and experimental
(Boyle, 2017). Descriptive research design is a scientific method which describe situations and
does not involve predictions regarding the study. The descriptive research design consist of
surveys, observations etc. Correlational research is a type of non experimental research in which
the researcher will measure variables and understand and assess the statistical relation ship
between them and there is no influence from any other variable (Webb, 2017). In this present
research, the researcher will use descriptive research design for identifying the impact of
political, social, economic and cultural impact of globalisation of different functions of Tesco
Plc.
Data collection : It is process of gathering data through different sources in order to
collect the authentic data for conducting the research effectively. There are two methods of data
collection which includes primary and secondary. Primary data collection is used to gather the
information first hand through use of survey. Whereas secondary data is collection through the
published sources and the information gathered through these sources is already used by other
researchers. In this present research, the research will use both primary and secondary sources
for collecting information (Kumar and Yakhlef, 2016). The research will use questionnaire for
gathering information through primary sources. And the researcher will use books and journals
and Internet sources for gathering the information through secondary source.
Data Analysis : It is process of inspecting, cleaning and transforming the data to identify
the useful information which will helps in conducting the research. There are two techniques
which can be used for data analysis which consist of Qualitative and quantitative analysis. The
qualitative techniques is used to analysis the data through in depth analysis of information with
the use of survey and help of questionnaire (Kasuma and et.al., 2017). Quantitative analysis
involves critical analysis of interpretation of figures and numbers and can use SPSS for this. In
the present research, the researcher will use qualitative analysis through use of questionnaire.
Sampling : It is a process which is used in statistical analysis in which a predetermined
number of observations are taken from a larger population. It consists of probabilistic and Non-
probabilistic (Pinto and Patanakul, 2017). In this present research, the researcher will use sample
of 30 respondents as managers of Tesco Plc working in different functional department.
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Ethics : The researcher while conducting the research must gather the information by
considering the ethics to get eh valid and authentic information from respondents without any
harm and influence to them (Nicholas and Steyn, 2017). In this research, the researcher will
gather the prior informed consent of respondents to disclose the information (Ethical
Considerations, 2019).
DATA ANALYSIS AND FINDINGS
Primary Data
Questionnaire
Name-
Age-
Gender-
Demographic profile-
Q1. Do you agree that impact of positive economic, cultural and ethical impact of globalisation
on different business functions of Tesco Plc has large influence on it?
 Strongly Agree
 Agree
 Strongly Disagree
 Disagree
Q2. Among these factors, which political factor is most influential on Tesco Plc?
 Rigid government policies
 Change in international laws
 Foreign trade policy
 Consumer protection laws
Q3. Which among the economic factors largely affects different functions of Tesco Plc?
 International exchange rate
 Monetary policies
 Seasonal factors
 Disposable income of customers
Q4. Do you agree that competition has increased due to globalisation to Tesco Plc?
 Strongly Agree
7

 Agree
 Strongly Disagree
 Disagree
Q5. Do you agree that for remaining competitive, Tesco needs to revamp its existing business
functions?
 Strongly Agree
 Agree
 Strongly Disagree
 Disagree
Q6. Do Tesco Plc is largely benefited due to cross-border sales?
 Yes
 No
Theme 1- There is impact of positive economic, cultural and ethical impact of globalisation on
different business functions
Q1. Do you agree that impact of positive
economic, cultural and ethical impact of
globalisation on different business functions of
Tesco Plc has large influence on it? Participants
Strongly Agree 12
Agree 7
Strongly Disagree 6
Disagree 5
Total 30
8

Strongly Agree Agree Strongly Disagree Disagree
0
2
4
6
8
10
12
14
12
7
6
5
Participants
Interpretation-
It can be interpreted that business must be able to maintain adequate performance in a
better manner. This is evident from the fact that 12 respondents said that political, social, cultural
and ethical have high impact on different business functions. Moreover, 7 respondents also
agreed with the statement. On the other hand, 6 strongly disagree with the same. Hence, it can be
justified that Tesco Plc is largely impacted by these factors and functions are affected as majority
of respondents are in favour of it.
Theme 2- Rigid government policies
Q2. Among these factors, which political factor
is most influential on Tesco Plc? Participants
Rigid government policies 10
Change in international laws 5
Foreign trade policy 8
Consumer protection laws 7
Total 30
9

Rigid government policies
Change in international laws
Foreign trade policy
Consumer protection laws
0
2
4
6
8
10
12
10
5
8
7
Participants
Interpretation-
It can be analysed from the chart that major political factor which affects Tesco Plc is
rigid government policies as majority of participants answered the same. While, 5 said change in
international laws affects company. 7 said consumer protection laws and remaining 8
participants said that Tesco Plc is influenced by foreign trade policy. Hence, it can be justified
that business is largely affected by rigid government policies.
Theme 3- Monetary policies
Q3. Which among the economic factors largely
affects different functions of Tesco Plc? Participants
International exchange rate 9
Monetary policies 10
Seasonal factors 5
Disposable income of customers 6
Total 30
10

International exchange rate
Monetary policies
Seasonal factors
Disposable income of customers
0
2
4
6
8
10
12
9
10
5
6
Participants
Interpretation-
It can be analysed from the chart that 10 respondents said that monetary policies is major
economic factor affecting business up to a major extent. On the other side, 9 participants said
international exchange rate affects the most and 5 answered seasonal factors. While, remaining 6
participants said that disposable income of customers affects company. However, it can be
justified that monetary policies is highly affected.
Theme 4- Competition has increased due to globalisation to Tesco Plc?
Q4. Do you agree that competition has
increased due to globalisation to Tesco Plc? Participants
Strongly Agree 13
Agree 4
Strongly Disagree 7
Disagree 6
Total 30
11

Strongly Agree Agree Strongly Disagree Disagree
0
2
4
6
8
10
12
14 13
4
7
6 Participants
Interpretation-
It can be interpreted that competition is increased due to globalisation as 13 respondents
have answered the same. Moreover, 4 participants are in favour of the same. On the other hand,
it can be analysed that 7 managers said that competition is not maximised due to globalisation.
Furthermore, 6 respondents answered that competition remains the same. Thus, it can be justified
that competition is fairly increased.
Theme 5- Tesco requires revamping existing business functions
Q5. Do you agree that for remaining
competitive, Tesco needs to revamp its existing
business functions? Participants
Strongly Agree 9
Agree 8
Strongly Disagree 7
Disagree 6
Total 30
12

Strongly Agree Agree Strongly Disagree Disagree
0
1
2
3
4
5
6
7
8
9
10
9
8
7
6
Participants
Interpretation-
It can be interpreted from graph that 9 respondents said that Tesco Plc needs to revamp
its business functions. Moreover, 8 participants said that functions are required to enhance for
remaining competitive and enhance performance of company. On the other hand, 7 persons
disagreed with the statement that business does not require revamping its business functions.
Hence, it can be justified that business functions are needed to be revamped up to a major extent.
Theme 6- Cross-border sales has benefited Tesco Plc
Q6. Do Tesco Plc is largely benefited due to
cross-border sales? Participants
Yes 18
No 12
Total 30
13

Yes No
0
2
4
6
8
10
12
14
16
18
20
18
12
Participants
Interpretation-
It can be analysed that Tesco Plc is largely benefited due to globalisation. This is evident
from the fact that cross-border sales are increased in the best manner possible. On the other side,
12 respondents said that cross-border sales are not maximised due to globalisation. However, it
can be justified that Tesco Plc is effectively benefited because of globalisation as sales are
maximised.
RECOMMENDATION
From the research it has analysed that Tesco Plc in order to determine the effectiveness of
objectives framed through use of Questionnaire by asking various questions on the basis of
managers from different department. The following are the recommendation to Tesco Plc on the
basis of information gathered through respondents:
 It is recommended that business should revamp its existing business functions for earning
higher profits and enhancing overall performance.
 It is recommended that rigid government policies are to be followed by effectively
maintaining well-mannered strategies so that higher performance can be attained.
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 Furthermore, Tesco Plc should make trade-off between political and economic factors so
as to maintain its performance in effective manner in international marketplace and take
full advantage of globalisation.
REFLECTION
From the research I have gained information about the impact of political, economic,
social and cultural impact of globalisation on different functions which will be beneficial for my
Career. By conducting this research, I am able to developed my knowledge regarding
globalisation which is a popular term and broad term. In this research, I have framed the aims
and objectives on the basis of which the whole study is conducted. I have made a project
management plan to manage the various activities which are required for completing the
research. In the project management plan I have includes the cost, scope, time, quality,
communication, risk and resources which are required for completing this project. Moreover, I
have collected the data through primary and secondary sources. The research methodology use
din this research has provided me with more knowledge regarding this study. For the further
research, I can use SPSS and other tools for data analysis other than qualitative analysis.
CONCLUSION
From the above research It has concluded about Impact of political, social, economic and
cultural impact of globalisation on different functions of Tesco Plc. This research has framed
aims and objective regarding the topic on the basis of which whole study is conducted.
Moreover, In this research project management plan prepared to execute the project effectively.
The researcher in this study has used Interpretivism philosophy to gather the in depth
information regarding the topic. Also, It has used Primary and secondary sources for data
collection in which it has considered questionnaire as primary sources and books and journals
secondary source of information. For this research, inductive approach is adopted which will
consider the theory on the basis of data gathered. There are various recommendation provided to
Tesco Plc to reduce the negative impact of political, social, economic and cultural impact of
globalisation on its different functions such as HR , marketing etc.
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REFERENCES
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technology. Routledge.
Pinto, J. K. and Patanakul, P., 2017. Managing Projects. The Oxford Handbook of Management.
p.219.
Kasuma, J. and et.al., 2017. Managing Risk, Networking and Managing Finance and the
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7561.
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Online
Ethical Considerations. 2019. [Online]. Available
through :<https://research-methodology.net/research-methodology/ethical-
considerations/>
Research Approach. 2018. [Online]. Available through
:<https://research-methodology.net/research-methodology/research-approach/>
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