Analyzing the Impact of Globalization on Tesco's Business

This report examines the impact of globalization on business operations, using Tesco as a case study. It explores the positive and negative effects of globalization on various business functions, including operations, marketing, and accounting. The report identifies the importance of globalization in terms of economic and ethical culture, analyzes its influence on Tesco, and evaluates its impact on different departments within the company. It also recommends strategies to overcome challenges faced by Tesco due to globalization. The research methodology includes a project management plan, Gantt chart, and both qualitative and quantitative research methods. The report provides data interpretation, literature review, and a conclusion with recommendations for business improvement. The report emphasizes the need for training and development to enhance employee skills in a globalized business environment, with the aim of increasing productivity and profitability.

Managing a successful business project
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Abstract
It has been summarized that Globalization has become the important concept in terms of
business that can help for increasing the productivity and profitability in marketplace. It involves
flow of capital and goods, economic growth and increase job opportunities in the positive
aspects. It has recommended to analyze the relevant data and information about the globalization
and how they impact on the overall business operations. It has been found that the information
about the globalization when they have changed the process to increase performance and
efficiency of employee within organization.
It has been found that can use the different method for identifying the positive and negative
advantage of globalization on the business. It also come up with the recommendation that will
help to increase their production and sales. It has needed to implement all essential resources for
training and development session where staff improve their skill for business production.
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TABLE OF CONTENTS
Abstract............................................................................................................................................2
INTRODUCTION...........................................................................................................................4
Project Management Plan................................................................................................................5
Gantt Chart and Time Frames..........................................................................................................9
Research Methodology..................................................................................................................12
Literature Review..........................................................................................................................14
Data Interpretation.........................................................................................................................17
CONCLUSION..............................................................................................................................25
Recommendation and Conclusion.................................................................................................26
Reflection.......................................................................................................................................27
REFERENCES..............................................................................................................................28
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INTRODUCTION
Globalization refer to the change in the global environment and culture where they are
moving away from the self-contained country (Globalization. 2018). It also integrated with other
nation for increasing their productivity and profitability in global marketplace. It directly impacts
on the enterprises operations and functions. It helps in declining all type barrier especially in
selling the product and service internationally. It has helped in changing the business functions
that makes it easier to hold the entire nation (Adeola and Serge, 2016). Tesco is based on the
British Multinational general merchandise retailer that has expanded their business across the
world. It is 3rd largest retail business in global world that can measure through their revenue. It
means that Tesco must consider the other culture and ethics that support for developing the
business and its strategies. Globalization is based on the term that outsourcing the business
operations and increase the business growth and profit rate.
Aim Positive economic, cultural and ethical impact of Globalization on different business
functions such as operations, marketing and accounting. A Case study on Tesco.
Objectives
 To identify the concept and importance of globalization in terms of economic and ethical
culture.
 To analyze the Globalization impact on the Tesco.
 To evaluate influence of globalization on operations, marketing and accounting
department of Tesco.
 To recommend ways to overcome challenges face due to globalization on Tesco.
Research Questions
 What are the importance and concept of globalization in terms of economic and ethical
culture?
 How globalization will impact on the Tesco?
 What are different ways the globalization influences the operations of Tesco like
marketing and accounting?
 How can recommend to overcome the challenges face due to globalization on Tesco?
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Significance
The importance of research to determine the benefits of globalization in the firm. It will
help to recognize the consequences of globalization on enterprises and also happen the
significance changes in the business operations. The organization always focused on the effects
of changes in the performance of employee and enterprise functions. The research will help the
researcher to identify the different changes in the structure of business within company (Baylis,
Smith and Owens, 2017). As a result, it has found that the both negative and positive
consequences of globalization in the company. Researcher must be engaged with the employees
and customers to identify their requirement in proper manner. They should be applied those
changes in the business operations to fulfil their demands.
Rationale
It is an essential to know about the reason behind for conducting the research on
globalization that impact on the business operations such as operational, accounting and
Marketing. The researcher has chosen the topic for globalization that focus on understand the
concept and also improve their knowledge in research area. The research study has helped the
researcher to make implement the changes in the operations and engaged with the employees for
identifying their own experience. Moreover, the rationale of research is quite beneficial and
useful for research that can use new framework in the structure of enterprise.
Project Management Plan
It is a process of managing or controlling all type of information that can define in the
time schedule for completing the project. It is based on the documentation that provide the
overall baseline of what has to be achieved by research project. The researcher will use the
project management plan as a reference for decision making that made on the project and also
helpful for clarifying the problem and issues related project. This type of project management
plan could be available for all participants as provide the essential information and also introduce
the members to the research project. It is probably the important communication documents in
the project development.
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Scope
In preparing the research project, Initially, researcher must be defined the overall scope
of case study. It should be included the descriptions, objectives and purpose of research that has
formed on the basis of scope. As per researcher, it always trying to recognizing all boundaries in
order to determine the scope (Hayne, 2016). The scope of research project to identify the depth
knowledge related the globalization and how they directly influence the business operations of
organization. Researcher must be assumed the specific constraints that help to improve the
ability out the project. Researcher will be collecting and analyzing the relevant data of research
project so that it can understand the depth knowledge. Skill always important strength for the
purpose of project enhancement.
Cost
It is the most important part of research for planning the project overall budget and also
estimate the cost of each activity. It is based on the costing method that can determine the
essential resources. Once the total cost is placed in each activity that can be aggregated to
produce the overall project categories. Researcher will identify the overall cost and budget of
project. As per analysis of researcher, it should take $23,990 price of completing the research
project. it is an essential for researcher to always remember that costs may directly attributable to
the different activities. Researcher will understand the indirect cost such as insurance, financial,
human resources and equipment’s.
Particulars Cost
Recording of Equipment’s as well as tools $100
Reporting and analyzing $70
Participant incentives and Travel $80
Total $250
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Table: 1
According to table-1, As per researcher, it has been calculating the overall estimate cost of
research project. it has been shown by the cost of each activity that perform in the research
project to easily applicable for managing and controlling the requirements.
Time
Time scheduling is one of the most important thing that helps in accurate estimation of
the time duration. Researcher can define the proper time frame where researcher can put their
own efforts for project management. As per putting efforts in research by researcher in good way
to find the actual time on the basis of survey and questionnaires to determine the opinion of
employee within organization. Time period required for this research is approximately 2 months
and the project will take 1 month.
Communication
It has required to maintain the communication with the project team and participants
which plays important role for successfully carried out the research. On the other hand, Poor
communication within the project always increase the misalignment between participants.
Researcher ensures to build the communication plan to project expectations (Lane and Edson,
2016). They always maintain the good communication with other participants to include in the
questions and its answer. Researcher always putting some efforts to coordinate with the other
member in their research project. It allows to monitor the progress but it also gains the holistic
views of research project. researcher can be used communication tool such as E-mails. All the
communication will be done and recorded through emails.
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Resources
It is another important concept in the research project to identify the necessary resources
and equipment for maintain the standard of project. Researcher will collect the relevant
information about the project that has chosen. It involves statistical data, interviews, results and
survey. It mainly contains the raw materials for analyzing the information in proper manner. On
the other hand, secondary resources collect the information through discussion, syntheses and
evaluations. the researcher will be identified the different articles and journals related to the
research topic, respondents, websites from where secondary data will be collected.
Risk
In the project management, it is the most important factor that successful develop new
products, services and process which help for implementing changes within the firm. Researcher
will be applied the risk management to the processes of groups during controlling, planning,
initiation and other closure. Researcher will be identified the risk of uncertainty condition and
situation occurs that directly impact on the objectives. It is mainly applied some methodologies
for controlling process such as evaluate risk, identify risk events, establishing the policies and
procedures.
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Gantt Chart and Time Frames
A Gantt chart is basically representing the bar for project schedule. It is listing the task to be
performed within specific time intervals.
Activities/day Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Day 8
Review of
Literature
Drafting
Methodologies
Complete
Proposal
Designing
questionnaire
Collection of
data
Analysing data
and
interpretation
Discussion and
Conclusion
Submission
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Task
Mode Task Name Duration Start Finish Predecessors
Auto
Schedul
ed
Identify research topic 3 days Fri 7/5/19 Tue 7/9/19
Auto
Schedul
ed
Review of Literature 3 days Wed
7/10/19 Fri 7/12/19 1
Auto
Schedul
ed
Drafting Methodologies 2 days Mon
7/15/19 Tue 7/16/19 2
Auto
Schedul
ed
Complete Proposal 3 days Wed
7/17/19 Fri 7/19/19 3
Auto
Schedul
ed
Designing questionnaire 3 days Mon
7/22/19
Wed
7/24/19 4
Auto
Schedul
ed
Collection of data 3 days Thu 7/25/19 Mon
7/29/19 5
Auto
Schedul
ed
Analyzing data and
interpretation 3 days Tue 7/30/19 Thu 8/1/19 6
Auto
Schedul
ed
Discussion and
Conclusion 3 days Fri 8/2/19 Tue 8/6/19 7
Auto
Schedul
ed
Submission 1 day Wed 8/7/19 Wed 8/7/19 8
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RESEARCH
PROJECT
Research topic Review of Literature Methodologies
Identify research topic Selecting one topic Collecting of
various literature Writing up of LR
Collection of
data
Questionnaire

Research Methodology
It is based on the systematic plan for organizing the research and also collect the relevant
information about the research project. The purpose of research for making decisions through
information (Nazarian, Atkinson and Froude, 2017). Research methodology is including the
techniques which adopt in the process to evaluate, gather and assemble the data or information. It
can define the tool those who are used to collect information in the research study. It is classified
or divided into different groups.
Research Method
It can be defined as a “systematic approach” that can use the procedure of data analysis,
collection, interpretation of research project. It can be divided into different according to the
nature and purpose of research project. There are different types of research method such as
quantitative and qualitative.
Researcher will use Qualitative method for collecting the information regarding the
research topic. It is based on the theatrical aspects to use unqualifiable element in research study.
On the other hand, Research will also use quantitative analysis for gathering relevant data
through Questionnaires.
Research design
It is defined the case study about the research study to understand the problem and issues
through hypotheses (Olympia and Stela, 2017). It is important to clear all the doubt and specific
purpose of research design for researcher. It can be divided into different groups: conclusive and
exploratory design.
Researcher will implement the exploratory design to explore the specific aspects of
research topic. It must provide the direction of study at certain level and also gain the evidence
for further enhancement.
Research approach
It is an effective plan that consists of different steps on the board assumption in details. It
is an essential for analysing the relevant data related the research study to understand main
components. Research approach is divided into three different ways: abductive, deductive and
inductive.
Researcher will mainly use the deductive approach in the research study for
understanding theories, observations towards the process and finding the results. deductive
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