Impact of Globalisation on Tesco's Operational Activities: A Report

This report delves into the economic impacts of globalisation on Tesco's operational activities within the UK retail sector. It begins by outlining the aim and objectives, focusing on identifying the positive economic impacts of globalisation on Tesco, UK. The project management plan is then detailed, covering aspects such as cost, scope, time, quality, communication, risk, and resources, followed by a work breakdown structure and Gantt chart. The report further explores the research methodology, including research design, approach, philosophy, and data collection methods, employing both qualitative and quantitative research techniques. Data analysis using thematic analysis of questionnaire responses is also presented. The report concludes with recommendations, a reflection on the value of research, and ethical considerations, offering a comprehensive analysis of globalisation's influence on Tesco's operations.

Managing a
Successful Business
Project

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
LO 1.................................................................................................................................................1
P1. Aim and objectives for the chosen scenario..........................................................................1
P2. Project management plan with all important aspects............................................................2
P3. Work breakdown structure and Gantt chart...........................................................................2
LO 2.................................................................................................................................................5
P4. Applying qualitative and quantitative research methods to meet project aim and objectives
.....................................................................................................................................................5
LO 3.................................................................................................................................................7
P5. Analysing research and information with the use of appropriate tools and techniques........7
P6. Appropriate recommendations and a valid conclusion.......................................................14
LO 4...............................................................................................................................................15
P7. Reflection on the value of undertaking research to reach at stated objectives....................15
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16

INTRODUCTION
Today’s era is of globalisation without which businesses now-a-days cannot survive. It is
one of the most important parts for businesses to sustain. Being operating at an international
level, firms are having a lot of implications from globalisation in the form of political, cultural,
ethical and economic (Lawrence and Almas, 2018). Several economic impacts are there that
firms are facing, especially in retail sector where customer’s tastes and preferences are changing
at a very fast rate. With globalisation, retail sector in the UK has developed economically as well
as socially which is satisfying all stakeholders with increasing efficiency of operations. In the
present study, there will be discussion on identifying the positive economic impacts of
globalisation on operational activities of retail sector of UK with reference to Tesco.
LO 1
P1. Aim and objectives for the chosen scenario
Aim – To identify the positive economic impacts of globalisation on operational activities of an
organisation – a case study on Tesco, UK.
Research Objectives
 To analyse the economic impacts of globalisation on organisational functions in retail
industry of UK
 To identify the positive economic impacts of globalisation on operational activities of
Tesco, UK
 To determine the challenges that Tesco has to deal with due to economic implications of
globalisation
Research Questions
1. What are the economic impacts of globalisation on organisational functions in retail
industry of UK?
2. How does economic impacts of globalisation prove to be positive for operational
activities of Tesco, UK?
3. What are the challenges that Tesco has to deal with due to economic implications of
globalisation?
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P2. Project management plan with all important aspects
Project management plan can be referred as a formal document which is mainly prepared
to make all activities run as per the specified sequence. Further, it shows who all stakeholders are
associated with plan along with the scope of study. This assists in identifying and dealing with
the associated risks by making contingency plans. There are some important aspects of project
management plan like:
Cost – This states about estimating the total cost that will be required to accomplish the project.
Costs that are covered under this are related to labour, assets and direct expenses.
Scope – To understand the scope of project first is important to be understood before
implementation of the plan (Kerzner, 2018). This helps in increasing the probability of project to
become successful as well as in assessing the risks associated with it.
Time – Without giving due consideration on the aspect of time, it is not possible to accomplish
the project within stipulated timeframe. Therefore, each activity of project management plan to
be specified with its deadline is crucial.
Quality – While running a project, to meet the quality standards is crucial to make it successful.
Thus, all set quality standards are important to be complied with in the execution of project to
reduce the chances of its failure.
Communication – Success of a project management plan highly depends on the effectiveness of
communication (Heldman, 2018). In relation with various working relationships, communication
should be very clear to make all associated stakeholders satisfied.
Risk – It is essential to analyse and assess all associated risks before the implementation of
project so that chances of its failure can be reduced by dealing effectually with the same.
Resources – If resources required to execute the project management plan like manpower,
finance and physical are not sufficient enough, to complete it is not at all possible and so, there
will be delay in reaching at the final outcome (Nonino and et.al., 2018).
P3. Work breakdown structure and Gantt chart
Work breakdown structure (WBS) is mainly designed to meet the objective of having a
clear understanding and vision regarding work to accomplish the project so that team members
will have an appropriate understanding of all tasks that they are supposed to perform. WBS
shows activities to be conducted in a hierarchical format which helps in obtaining the results in
an efficient manner and within stipulated period of time (Premji, 2018). Whereas, Gantt chart is
2

basically a horizontal representation in the form of bar chart which provides a graphical design
of activities to be conducted in a proper sequence with their starting and end date so that final
deadline of project can be met within specified period of time.
Figure 1: Work Breakdown Structure (WBS)
Activity Schedule
3

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Figure 2: Gantt chart
Figure 3: Timeframe
LO 2
P4. Applying qualitative and quantitative research methods to meet project aim and objectives
Research Methodology
Research methodology is all about collection of methods and techniques that are applied
on the subject of study in a systematic manner to reach at the valid and meaningful conclusion in
the most accurate and reliable manner (Kumar, 2019). This includes identification, selection,
processing and analysis of data on the basis of nature of subject. With the same, overall validity
and reliability of information of study is evaluated.
Research Design
Research design serves as the arrangement of collected data and can be termed as a
blueprint or framework which covers all methods selected for reaching at the final conclusion of
study by combining various components in a reasonable logical manner. For the present study,
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descriptive research design is used for identifying the positive economic impacts of globalisation
on operational activities of Tesco where detailed information based on the topic is given. By the
same, an in-depth insight is gained on the situation and variables of study (Ledford and Gast,
2018).
Research Approach
This is a plan by which a specific group’s experience is briefed out as well as it provides
sense of the real world in a systematic way. It proves to be helpful in framing several theories
and concepts which are mainly taken out from the realistic studies. To identify the positive
economic impacts of globalisation on operational activities of Tesco, Inductive research
approach is selected. As nature of study is qualitative, so under this approach, at first, specific
observation will be made along with framing theories which ends in reaching at a generalised
conclusion that offers some evidence behind findings of study (The Selection of a Research
Approach, 2019).
Research Philosophy
It can be referred as a belief that tells about the manner in which information related to
the subject of study is collected, analysed and taken in use to reach final results. Through the
same, knowledge regarding subject is developed where certain assumptions are made on
practical considerations. In the current study, interpretivism research philosophy is used where
human interest is integrated in the study being qualitative in nature (Research Philosophy, 2019).
Data Collection
To identify the positive economic impacts of globalisation on operational activities of
Tesco, both; primary and secondary sources will be used to collect information. Primary sources
include tool of questionnaire under survey method by which first-hand information is gained
(Quinlan and et.al., 2019). Whereas, secondary sources involve several journals, books and
online articles based on the topic of study from which detailed data is gathered.
Sampling
Under probability sampling, simple random sampling method is used to select the sample
size for study i.e. 30 employees of operations department where research population is total
employees working in this unit of Tesco. Under this method, all respondents have equal
probability to get selected in the sample size (Liamputtong, 2018).
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Data Analysis
There are basically two types of methods used for data analysis i.e. qualitative and
quantitative. Topic of current study is of qualitative nature which requires gathering theoretical
information rather numerical facts and figures (Mir and et.al., 2018). Therefore, to analyse the
gathered information, tool of thematic analysis is used where distinct themes based on
identifying the positive economic impacts of globalisation on operational activities of Tesco are
framed and interpreted with an aim to reach at accurate conclusion.
Ethical Considerations
While conducting a study, it is crucial to follow some ethical considerations like
maintaining confidentiality of information provided by respondents and not disclosing it to any
other third party. Further, it must be used for the purpose only for which it has been collected and
not for any other use (Coemans, Vandenabeele and Hannes, 2019). Apart from that, selected of
sources must be authentic from which data is gathered as well as it has to be true to the
researcher’s knowledge.
Research Limitations
There are always some limitations associated while carrying out a study like some
websites ask for specific payment to access. Due to this constraint, there are chances that some
important information is left out because of non-availability of fund. Also, study has to be
completed within stipulated framework of time while, there is plenty of data available in
secondary sources which cannot be used with specified duration (Senyo, Addae and Boateng,
2018).
LO 3
P5. Analysing research and information with the use of appropriate tools and techniques
Questionnaire
Name:
Designation:
Department:
1. Major economic impact of globalisation in UK is rise in the generation of income?
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Strongly disagree □
Disagree □
Neutral □
Agree □
Strongly agree □
2. According to you, does globalisation of economy create more jobs in the UK?
Yes □
No □
3. Which is the main economic benefit of globalisation for Tesco?
Increased market share □
Exposure to new and advanced techniques □
Improved efficiency of operations □
Rise in profits and revenues □
4. Which according to you is the major economic benefit of globalisation on operational
activities of Tesco?
Rise in speed of delivery of products □
Enhanced productivity □
Improved quality of products □
Rise in the level of productivity □
5. Do you agree that economic reform has proved to be successful in maintaining a healthy work
culture in Tesco?
Strongly disagree □
Disagree □
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Neutral □
Agree □
Strongly agree □
6. What is the major challenge faced by Tesco because of economic implications of
globalisation?
Enhanced competition □
Change in labour laws □
Reduced market share □
Change in company policies □
7. Do you think that economic implications of globalization have improved the quality of work
life?
To a very high extent □
To a high extent □
To a moderate extent □
To a low extent □
To a very low extent □
8. Kindly recommend some strategies to overcome the economic challenges faced by Tesco due
to globalisation _________________________________________________________________
Thematic Analysis
1. Major economic impact of globalization in UK is rise in the generation of income.
9

Strongly
disagree
Disagree Neutral Agree Strongly
agree
3
7
2
10
8
No. of respondents
Interpretation
The above figure shows that major impact which globalization has put on the economy of
UK is increase in income generation as per highest response gained by maximum respondents
from the selected sample. It means that with globalization, economy of UK is flourishing and
getting a lot of income which it is re-investing in different things that are improving the living
standard of society and making the nation grow.
2. Globalization of economy creates more jobs in the UK.
Yes No
21
9
No. of respondents
10