TESCO's Global Expansion: A Project Plan Analyzing Risks and Benefits

This report presents a project plan analyzing the risks and benefits of TESCO's globalisation strategy. The student explores the concept of globalisation, focusing on the challenges and opportunities associated with expanding into international markets. The report outlines the project's aim, objectives, scope, and limitations, emphasizing the importance of resources and cost considerations. A Gantt chart and work breakdown structure are included to illustrate project timelines and task management. Furthermore, the report identifies potential risks, such as legal, technical, and financial challenges, and suggests mitigation strategies. The conclusion highlights the need for careful planning, resource allocation, and risk management to ensure successful global expansion for TESCO. References to relevant academic sources are also provided.

Managing A Successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1: Project Plan.......................................................................................................................3
1) Explanation of proposed project topic and reason behind it...................................................3
2) Aim and Objectives of research..............................................................................................3
3) Discussion of scope and limitation of project.........................................................................4
4) Resources and cost considerations..........................................................................................4
5) Gantt chart or work breakdown structure...............................................................................5
6) Risk register covering main risk.............................................................................................5
CONCLUSION................................................................................................................................5

INTRODUCTION
Globalisation is the procedure in which organisation or business develop and operating at
international level. It is also process for integration and interaction among companies, people and
government worldwide (Doherty, Ashurst and Peppard, 2012). While entering into international
market, various risk and benefits are to be faced by business. The given assignment is based on
TESCO which was founded in 1919 at England that deals in groceries and merchandise retailer.
The report covers explanation of research topic along with reason behind for choosing it. In order
to do research aim, objectives, scope and limitation should be made properly. The resources and
cost need to be considered while doing research project along with risk involved for it.
TASK 1: Project Plan
1) Explanation of proposed project topic and reason behind it
The project title is globalisation where company want to expand their business in
different countries which need to be managed and run successfully. As per scenario given,
chosen topic for proposed research is “ the risks and benefits of a joint venture to enter
international markets. Whenever organisation expand business, it has to face various risk and
earn benefits. The risk can be related with legal, technical, human resources and others.
Similarly, benefits can be high sales, maximum profit, growth and sustainability of business. The
reason behind for choosing such topic is to know about risk and benefits occurred in organisation

with globalisation. This helps in making better planning for globalisation in international market.
Thus, it leads to earning of high profits for business.
2) Aim and Objectives of research
Aim of research
“To identify the risk and benefits of joint venture while expend business in international
market place”. A case study of TESCO.
Objective of research
 To determine the concept of globalisation.
 To analyse the risk and benefits of joint venture while enter in global market area.
 To identify the impact of globalisation for gaining business growth and success.
Questions
 What is the concept of globalisation ?
 What are the risk and benefits of joint venture while enter in global market area ?
 How to identify the impact of globalisation for gaining business growth and success ?
3) Discussion of scope and limitation of project
Scope
It is defined as market concerned where company pan to operate business in new market
(Martini, Pareto and Bosch, 2013). As per set objectives, TESCO is facing risk as well as
benefits while operating business at global market. For better outcome, it should analyse factors
such as political, ethical, cultural and others. This can be done by enhancing knowledge and
skills with helps of technique for carrying out research.
Limitation
There are various limitation of project which organisation has to face. It can be related to
training, interaction, funds and confidence. When TESCO want to spend its business at global
level, due to lack of training to manager for expansion creates problem for it. The manager are
not aware about market scenario and requirement of customer. While conducting research for
project lack of less interaction creates limitation for business. The shortage of funds is major
problems for project which leads work ineffective.
4) Resources and cost considerations
Resources

It is considered as economic and productive factors that are necessary for accomplishing
source of support, activity and supplying which is readily available whenever required (Nicholas
and Steyn, 2017). For running business at global level, TESCO need various resources such as
staff, machinery, funds, land, stakeholders, customers for operating business and its activity
effectively. This assists in creating positive impact on organisational culture, economical and
functional areas. In context to researcher point of view, resources required are funds, methods
like survey, questionnaire for collecting data and information. Each and every resources should
be used effectively in order to avoid future difficulty.
Cost Considerations
Cost is important factors for doing research work and operating or carrying out business
activities. In order to know about market scenario, it is necessary to conduct research work
properly. There are various cost such as employees cost, production cost, labour cost which need
to be considered by TESCO while operating business at global level. The project department of
TESCO should make budget which can be approximately 30 lac pounds and from researcher
point of view it is 25000 pounds for conducting research work. TESCO should try their best to
use less cost for market research and which should provide benefits to organisation.
5) Gantt chart or work breakdown structure
Gantt Chart
It is horizontal chart made in 1917 by Henry. L Gantt. This is used for management of
project that is presented through graphical illustration which helps in tracking, planning and
coordinating particular work in project (Polonsky and Waller, 2018). Here, work is scheduled as
per day and time period. This chart is represented through vertical and horizontal axis which
depict task and time span.
Work Breakdown Structure (WBS)
This is regarded as project deliverables which schedule entity work into manageable
sections (Sikdar and Payyazhi, 2014). The elements of WBS can be product, service, data or
combination thereof. WBS has advantages for identifying, organising and defining work. The
risk also occurred which assist in tracking problems and performance.
6) Risk register covering main risk
Risk is defined as possibility of losing someone and future uncertainty. Different risk has
been faced by TESCO while operating business at global level and also in terms of change in

demand and need of customers, financial and communication channels. In order to survive in
market, proper research need to be done for knowing about need and demand of customers. In
context to researcher, risk involved are limited time period, lack of funds, technical risk and
others.
CONCLUSION
From above report, it can be concluded TESCO need to face both risk and benefits for
expansion of business at global level. As per set aim and objective, they should work for goal
achievement. There are resources such as machinery, funds and cost should be considered
effectively while carrying out research. In order to complete work in time, Gantt chart has been
prepared.
REFERENCES
Books and Journals
Doherty, N. F., Ashurst, C. and Peppard, J., 2012. Factors affecting the successful realisation of
benefits from systems development projects: findings from three case studies. Journal
of Information Technology. 27(1). pp.1-16.
Martini, A., Pareto, L. and Bosch, J., 2013, June. Improving businesses success by managing
interactions among agile teams in large organizations. In International Conference of
Software Business (pp. 60-72). Springer, Berlin, Heidelberg.
Nicholas, J. M. and Steyn, H., 2017. Project management for engineering, business and
technology. Routledge.
Polonsky, M. J. and Waller, D. S., 2018. Designing and managing a research project: A business
student's guide. Sage publications.
Sikdar, A. and Payyazhi, J., 2014. A process model of managing organizational change during
business process redesign. Business Process Management Journal. 20(6). pp.971-998.
Online
Gantt chart. 2019. [Online]. Available through:
<https://searchsoftwarequality.techtarget.com/definition/Gantt-chart>.