Benefits and Risks of Globalisation on Tesco: A Detailed Report

This report investigates the effects of globalisation on the business operations of Tesco, a major British retail organization. The report begins with an introduction to globalisation and its impact on multinational corporations. It outlines the aims, objectives, and research questions, including a literature review. The study delves into the benefits of globalisation, such as free trade and increased economies of scale, alongside the associated risks, including increased debts and geopolitical conflicts. A project management plan, including cost, scope, quality, communication, risk, and resources, is presented. The work breakdown structure (WBS) and Gantt chart are used to illustrate project timelines and tasks. The research methodology incorporates both qualitative and quantitative research approaches, with survey questions. The report concludes with recommendations and an analysis of the findings, including a reflection on achieving the project goals. References are provided at the end.

Managing a Successful
Business Project

Table of Contents
TITLE..............................................................................................................................................1
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Aims and objectives of project..........................................................................................1
P2 Project management plan ...............................................................................................3
P3 Work break-down structure and Gantt chart.....................................................................5
TASK 2............................................................................................................................................7
P4) study small scale research by adopting qualitative and quantitative research.................7
Questions..........................................................................................................................................8
TASK 3............................................................................................................................................9
P5) Examine data by adopting effective tools and techniques...............................................9
P6) Recommendation and research analysis ......................................................................18
P7) Reflection undertaken to achieve goals. .......................................................................18
CONCLUSION..............................................................................................................................19
REFERENCES..............................................................................................................................20

TITLE
“To identify the benefits and risks of globalisation on business success and growth of
Multinational organisation. A study on TESCO.
INTRODUCTION
Globalisation is explained as a term that is used to spread data, information, technology
and employment at inter-national boundaries. In simple words it is explained as interdependence
of nation at global level for processing different business's activities. The major agenda of
globalisation is to predict innovative and opportunistic idea due to which will get more benefited
through new products. Tesco is a large British retail organisation which operates chain of super
market, superstore and hypermarket. Moreover this project is written from perspective of Tesco
and its focuses on concept of globalisation (Aithal, 2017). Project management plan along with
work-break down structure and Gantt chart will also be discuss in this report. At last research is
done and some recommendation are provided in order to organise a business's at global level.
TASK 1
P1 Aims and objectives of project
Background of study
Globalisation is an effective process by which individuals and organisation are operating
their business's at multi-national level. With implement of globalisation individuals, government
and economics are entering into global market economy. This is essential for organisation to
follow and execute global methods to complete their work
Aim
“To identify the benefits and risks of globalisation on business success and growth of
Multinational organisation”. A study on TESCO.
Research objectives
 To develop basic understanding regarding the concept of globalisation.
 To investigate benefits of globalisation on business success of TESCO.
 To analysis risk of globalisation on business functions of an organisation.
 To determine ways through which risk of globalisation can be overcome by TESCO.
Research questions
 Are you having any idea about the concept of globalisation?
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 What are the benefits of globalisation on business success of TESCO?
 What are the risk of globalisation on business functions of an organisation?
 What are the ways through which risk of globalisation can be overcome by TESCO?
Literature review
According to Smith, (2017) Globalisation is an integrated process that allow organisation
to move freely across their national boundaries. This determines with assisting globalisation
methods Tesco move their goods, ideas and employee's freely at inter-national level (Bendell,
2017). This is a systematic process that allow integration and link of business's organisation in
overall world. It helps administration department of Tesco to conduct their business's activities at
global level for meeting it with inter-national requirements.
According to the Sbnagle2, globalisation is a process that helps an organisation to complete their
work with more efficiency by increasing the productivity of their operations. This results it
increases productivity of their products at global level.
According to the M.Habib, Globalisation is a process that is beneficial for developing the
relationship between two different countries by increasing trade activities within the
organisation.
According to the Sean Nam, there are various factors are managed under the organisation
through developing the process of interaction and integration among countries by understanding
economical and social factors of the firm.
According to the Sapparaje Saravana, globalisation has positive as well as negative impacts in a
country. It is based on various factors that is used to increase the awareness among customer's by
focusing on all aspects that are related with organisational process.
Benefits from globalisation
According to Tejvan Pettinger, (2017) Globalisation is a complex and disputed issue due
to which Tesco face challenges to adopt this technique. Some of benefits that helps organisation
after implementing globalisation techniques are mention as follow:
Free trade- This is an effective way for countries as it leads them to make transactions of
good and services among overall world. Due to which it is easy for them to manufacture
products at low cost. With help of this Tesco is able to provide goods at lower prices and to
increase their market share.
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Increase in economy of sale- Production is increasing day by day according to
consumer's and market demands. Globalisation determines that it enable a organisation to
fabricate business's operations in several parts of world. It results there is increase in import and
export activities in a country. While for business's globalisation aspect it enable Tesco to
manufacture goods at low cost. So consumer's are also benefited as they purchase inferior quality
goods at low cost (Bryson, 2018).
Risk due to globalisation
After many business's started to perform their operations at global level it is difficult for
them to manage operations because they are operating among different levels. To manage them
effectively management of Tesco monitor some risk factors which are as follow:
Increase in debts- All the activities that generates at global level required some
monetary transaction to complete them effectively. It results that there is increase in money
supply so it is required by organisation to manage their financial transactions. Moreover increase
in debt also raises to perform different function at credit policy.
Geopolitical conflicts- It refers to issue such as conditions of war or any other political
issue that raises between two different countries. Tesco is expanding their business's among
different countries of world. To reduce this impact this is important for them to predict that
countries are not facing such issues (Buckley and Benischke, 2017). Some example of
geopolitical conflicts countries are North Korea and South Korea. Afghanistan and US and many
more.
P2 Project management plan
A project management plan is a formal document that is use to explain how a specific
project is executed, observed and controlled in organisation. Most of project management plan
are explained in detailed and includes several benchmark and other planning documents for
establishing a project successfully in the organisation. The main agenda to formulate a project
management plan is to delegate work about project management scope. Some essential aspect of
them are mention as follow:
Cost: The concept of cost is understand through spending or investing amount on
research and development activities of organisation. This factors are related with different
perspective like organisation products and services. Amount decided by Tesco to increase their
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business's at global level is £1,600. While amount decided by researcher to complete research in
effective way is £350. It helps them to conduct operational activities for research.
Scope: Scope is defined as it some thing is beneficial for organisation in upcoming future
or not. What major challenges is operate by them to complete their work at global level.
According to this researcher this functions helps them to adopt those methods through which
organisation perform their operations with more efficiency and effectiveness at multi-national
level. While benefits for researcher is that it increases basic understanding about business's of
global level (Cécora, 2019). Along with this it increases knowledge about concept of global
level.
Quality: In order to complete this research effectively and in organised manner this is
essential for researcher for performing their work according to benchmark standards. According
to present market conditions industries are competing with each other at global level. Therefore
it is important for Tesco to manufacture their products according to quality standards. Moreover
research adopt qualitative method for collecting data that helps them to gather essential
information.
Communication: The most important factor to achieve high success in industry is to
develop an effective communication channel. Due to which it is easy for customer's to
communicate within minimum time period between all departments of organisation. Tesco is a
huge retail organisation which capture high market share of UK. So it is difficult for researcher
to approach more number of customer's (Charles Jr and Watts, 2017). For this researcher must
interact with large number of people through email, social platform and print media to collect
effective information from respondents.
Risk: This is very complex for an organisation to complete their work within specified
period. As Tesco manage their business's with help of large number of employee's. This
determines management is performing their operations at global level. So this is more important
for them to manage and monitor risk at global level. While conducting this research several issue
are faced such as lack of fund, time and late and irrelevant response from respondents are some
of major risk which is faced by investigator.
Resources: This are main part of organisation through which it is easy for them to
complete and manufacture their products. It leads to fulfil demand of customer's through
manufacturing their products according to customer's demand. Further availability of resources is
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important for organisation because it leads them to complete their work with in predetermine
period which is decided by management. On other side this is also beneficial for researcher to
collect all necessary resources such as internet, computers and software.
P3 Work break-down structure and Gantt chart
WBS- A work break-down structure is a chart in which different critical elements and
task are included to complete a project. Their are mention in a project for developing relationship
with several functions of an organisation. WBS is usually mention in a graphical form that is
developed by project manager through monitoring various scenarios. This all helps them to take
effective decisions which determines whether it is used to adopt changes in procedures or not.
Gantt chart- It is a graphical tool that show different activities and task which is
performed with a specific time period (Epstein, 2018). This tool is beneficial for organisation
because it helps them to complete their work. It is also beneficial for Tesco as it represent a
project through visual presentation method on a screen or chart. Due to this function or Gantt
chart tool it is easy for teams to understand their work and schedule to complete their
responsibilities effectively.
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TASK 2
P4) study small scale research by adopting qualitative and quantitative research.
Qualitative research: This is type of approach where quality is on priority level rather
than mathematical figure. Here, there is no use of numbers while presenting the work.
Qualitative research is simple in nature which can be easily understood by the reader. The main
focus is on quality and authenticity of information and data (Etemad and Dulude, 2018).
Quantitative research: In this case numerical figures, data, graphs etc. are more used
while presenting the assignment. The gathered information is demonstrated in mathematical
figure which is easy to understand . As well as they can be presented and understood easily by
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the reader. Tesco adopts this approach to accumulate relevant data for their research work. As it
provides authentic and realistic figures.
Tesco adopts qualitative research as it is not complex in nature and can be easily
interpreted. For the survey conducted firm has taken sample of 50 respondents.
Questions
Q1) Are you aware about the phenomena of globalization?
 Yes
 No
Q2) Do you think globalization affect the Tesco's growth and success in the market?
 Yes
 No
Q3) What are the benefits to Tesco by becoming globalized?
 Raise in sales volume
 More maximization of profits
 Brand recognition
Q4) Who are creating tough challenges for Tesco in the global village?
 Asda
 Sainsbury's
 Waitrose
Q5) Do you think by coming up with innovative idea competitive advantageous can be
attained?
 No
 To some extent
Q6) What are the risk factors affecting the Tesco's growth and success from the perspective of
managers and employee's?
 Foreign culture
 Political factor
 Communication barrier
Q7)What are the ways by which Tesco can overcome risk factor of globalization?
 Adoption of flat communication
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 Adoption of training programme
 Proper study about government rules and regulations
Q8) Do you think globalization risk factor is a barrier in Tesco long term growth nad success?
 Yes
 No
Q9) Was it a effective decision to become globalize in Tesco product and services?
 Agree
 Dis-agree
Q10) Suggest appropriate suggestions for benefits and risks of globalisation on business success
and growth of Multinational organisation?
TASK 3
P5) Examine data by adopting effective tools and techniques.
Theme: Meaning of globalization.
1) Are you aware about the phenomena of globalization? Frequency
 Yes  25
 No  25
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