Examining the Positive Impacts of Globalization on Tesco's Business
VerifiedAdded on 2023/01/20
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AI Summary
This report aims to identify the positive economic, cultural, and ethical impacts of globalization on various business functions within organizations, focusing on Tesco as a case study. The analysis includes identifying positive impacts on business operations such as knowledge sharing, efficiency, cost-cutting, productivity, and technology sharing, as well as the impact on organizational culture across departments. The report also explores the ethical impacts of globalization on different departments within Tesco. Survey results indicate that globalization has a positive economic impact on Tesco in terms of cost control, leads to enhancement of ROI on business operations in the international market, develops cultural understanding among different nations, increases transparency and accurate accounting of transactions, and fosters cooperation among teams from different cultures and nations. Overall, the findings suggest that globalization positively impacts Tesco by facilitating knowledge transfer and improving business operations.
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