Project Report: Analysis of Managing Successful Business at Tesco

This report provides a comprehensive analysis of managing a successful business, using Tesco as a case study. It begins with an introduction outlining the aims and objectives, focusing on executing Corporate Social Responsibility (CSR) activities to enhance profitability and sustainability. The project management plan is then detailed, covering the scope of the research project, risk management, cost control, and quality control. The report further explores the time frame and stages for project accomplishment, along with different research methods, including questionnaires and statistical analysis. The data collection and analysis are presented, including descriptive statistics and interpretations. The report also provides recommendations based on the research findings and concludes with a reflection on the learning outcomes. The research explores the different factors which affects the business and represents the accountability of many representatives, and provides insights into how Tesco manages its business operations, especially its CSR initiatives.

MANAGING SUCCESSFUL BUSINESS

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
P1) Aims and objectives...............................................................................................................1
P2) Project management plan.......................................................................................................1
1. Scope of research project.........................................................................................................1
2. Risk management.....................................................................................................................2
3. Cost control..............................................................................................................................2
4. Quality control.........................................................................................................................2
P3) Time frame and stages for project accomplishment..............................................................5
TASK 2............................................................................................................................................6
P4) Different research methods to reach out project's aims.........................................................6
TASK 3..........................................................................................................................................17
P5) Appropriate tools and techniques for using research and data...........................................17
P6) Recommendation.................................................................................................................18
TASK 4..........................................................................................................................................19
P7) Reflection.............................................................................................................................19
CONCLUSION..............................................................................................................................19
REFERENCES..............................................................................................................................21

INTRODUCTION
The project management of a business is covered in this report and its aspects are also
discussed. Also the main topic is managing a successful business highlighted in this framework.
The organization is taken in this report is Tesco for which the management plan has made. The
Tesco is a retail company in UK, which have so many stores in so many cities of UK. Basically
it provides food product, clothing and baby products. The main store of Tesco is located in the
London (Tai and Chuang, 2014). This report has the aims that are decided by the project
manager of the company and also the relative objectives are highlighted in this report.
Management depends on cost, risk, resources, quality, communication and resources. It further
focuses on Gantt chart and break down for different duration. This framework has the type of
research which is used to evaluate the business and the management of the business. Appropriate
recommendations are formed based on analysis of data in the research. The learning outcomes
are also discussed in the form of reflection.
P1) Aims and objectives
Aim-To execute the CSR activities for organization that profitability can be promoted and
sustainability of the organization can also upgrade.
There are various goals which is covered in this report:
 To know about different types of CSR activities to increase the profit and financial
stability of an organization.
 To get idea about different stages of management covering all the issues
 To understand the cited firm in which various factors like scope, cost, and quality
communication is easily known by different illustrations of the project report.
P2) Project management plan
1. Scope of research project
There is wide scope of the current project because under this main focus is on
sustainability and profitability that is observed in the business due to implementation of CSR in
the business. Questionnaires are prepared and same are analyzed by using thematic analysis.
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2. Risk management
It is possible that in the current research literature can be taken from the unreliable
sources. If same will be done then in that case research may be carried out in wrong direction. So
it is very important to conduct research in proper manner.
3. Cost control
In order to control cost and to ensure better quality of research two college level students
will be hired and same will distribute questionnaire among respondents. Entire data analysis and
data cleansing work will be done at my own level.
4. Quality control
In order to control quality after data collection all responses will be reviewed. Errors and
missing values will be removed from the data and it will be ensured that data is prepared in
proper manner for analysis purpose.
The project management decides to carry out project and has various policies to
overcome the activities which are executed in the project. The project is prepared to provide the
information about the different causes which affects the business. It also represents the
accountability of many representatives. It has five parts which covers different issues like price,
scope, time, quality, communication, risks and resources (Suliman, Al-Khatib and Thomas,
2016).
Project Initiations - It is a part in which various concepts of the project is decided by the
manager of this project. The important terms of the report is done in this part. It is beneficial to
know the full project management plan and its various causes. The easy part of this project is is
verified in this part as the researcher must have the ability to make this thing possible. The aim
and essentials of this project are provided in this report and the project initiation documents. This
document has business requirement of the project which can be made possible by various
investors. The stakeholders of this project have their efforts and hard work in this project. So the
project charter could know what their requirements are. The expectation of result is also part of
to agree on project management plan. There are different factors which is not possible in this
report due to their less scope many kinds of elements are out of this project.
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Project definition and planning – The need of the project is given in the second phase of
this project management plan. The stakeholder will predict their outcome wish from this project
as a result all the expectation are recognized and mentioned as per the requirements. There are
various parties who are involved and are attached with project. As per Harrods, it has various
stores but if they desire to organize CSR activities in their each organization then it results in
enhancing the profit and financial condition of an entity. The planning of the project can be done
on the basis of relevant knowledge of various issues such as social and environmental
circumstances in which project is executed (Schneider and Schmidpeter, 2012).
The company must have the latest machinery and equipment which will help in its
smooth functioning. Various teams are assigned with different works based on their abilities.
The plan is to strategize the work and make necessary changes wherever required.
Project execution- The term project execution refers as developing the overall
performance in relation to the project life cycle. It also relates to the procedure which required to
put into an action. This phase is generally take long time in the completion process. The whole
the plan should be implemented in the well and specific manner. The term project execution is
the inclusive of the identification, risk and issue and to deliver the quality product. The customer
should accept the all facts which is presented in the report. In order to know the requirements of
the project manager have to monitor and controls the activities relates to it. In this phase the
project is physically constructed and presented to the customer for acceptance. Project report
should be execute as per the procedure is given. This activity should be done in well and
systematic manner and all aspect is required to be done.
Project performance and monitoring process- The performance of the project can be
judged after the completion of the execution process. The project should be done in accordance
with the best management pan. The evaluation and controlling function should be done in order
to measuring the performance from planned action. If there is any deviation between them than
corrective measures should be taken. It deals with overseeing the performance and task of the
project. It should be done within the scope and on time basis. This is a process which has to be
done in continue basis it helps to know the true aspects of the report. This project mainly deals
with the function like tracking, reviewing and project reporting progress. It is to done in
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systematic manner. If there is any requirement of need then it should be fulfilled frequently
(Aguinis and Glavas, 2012).
Project closure- At this phase project is almost done this is the last stage of project life
cycle. The overall performance of the project is depended on the task performed in it. The total
evaluation is to be checked at this level. The purpose of this project should be understood and if
there is any need than improvement should be done. It is the duty of the manager to done whole
the activities with the help of the team members. The project can be terminated if the required
information is not based on true and relevant factors. The person relates to the project are
recognized and get appreciation for their precious performance.
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P3) Time frame and stages for project accomplishment
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Activities Days
Selection of research topic 10 days
Developing problem
statement
6 days
Setting time frame for
allocation of resources
8 days
Carrying out literature review 16 days
Choosing research
methodology
18 days
Calculation of costs 7 days
Data analysis and
interpretation
20 days
Evaluation of outcomes 11 days
Stating conclusion and
recommendation
9 days
Proper documentation of
results
7 days
Submission of report 2 days
TASK 2
P4) Different research methods to reach out project's aims
Different methods are used to conduct research to recognize the role of financial
development of a corporate to gather information related to social responsibilities of an
organization. Methods such as primary and secondary data are used. Survey and face to face
interviews are conducted in primary data collection. While secondary data collection includes the
data which has already been collected and is available through newspapers, magazines ,etc. In
this project the analyst have used sampling method and has taken 50 respondents. The
questionnaire was prepared to conduct the survey. A list of questions were prepared to determine
the customer opinion to know the impact of CSR activities in business performance (Cheng,
Ioannou and Serafeim, 2014).
Research philosophy: - In this process, researcher uses positivism method in which data
are collected to present current business performance. In this regard, different tools and
techniques are obtained for using CSR activities in financial development of Tesco Thus, this
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philosophy is interlinked with proper management and preparing planning procedure for further
implementation efficiently.
It generates varieties of ideas to forecast and decision making process related to project planning.
The data collection can be done by this questionnaire:
CSR Questionnaire
Name:
Age:
Q. Is CSR programme play an important role in the business growth & success?
 Yes
 No
Q. Which authority owes liability for creation & compliance of CSR programme in actual
practice?
 CSR manager
 General Manager
 Human Resource Professional
 Administrative head
 Other (Kindly specify)
Q. Does CSR helps firm to satisfy all the key stakeholders’ requirements?
 Yes
 No
Q. How extremely do you believe that CSR activities contribute towards maximizing competitive
strength of the organization?
 Extremely agree
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 Agree
 Neutral
 Disagree
 Extremely disagree
Q. Do you think that by implementing a CSR plan, firm can maximize its customer strength
worldwide?
 Yes, definitely
 Not at all
 Not sure
Q. Which is the most effective way of CSR implementation in an organization?
 Through own CSR initiative
 Financially supporting community
 Charitable events
 Public services through voluntary firms
 Funding to the governments for public welfare
 Others (Kindly specify)
Q. To what extent, CSR mechanism is considered as really an important tool for sound corporate
governance?
1. Extremely important
2. Moderately important
3. Important
4. Neutral
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5. Little bit important
6. Not important at all
Q. What are the potential benefits that firm can gain through CSR initiatives?
 Global brand image
 Greater awareness
 Maximize profitability
 Competitive benefit
 Other (Kindly specify)
Descriptive statistics
Total respondents 50
Mean 12.5
Median 9
Mode #N/A
STDEV 12.55654
Interpretation
Results are reflecting that mean value of the variable is 12.5 which means that on average
basis most of respondents are agree on statement “Increasing in strength for competition by using
responsibilities for society”. Median value is 9 which is dividing data set in to multiple parts.
There is no value that is repeating in data set. Standard deviation is 12.5 which means that values
are not deviating at fast pace. It can be said that results are not deviating at fast pace (Dhaliwal
and et.al., 2012).
The collection data and analyzing the 50 employees of the Tesco and their views, as the
financial growth of the mentioned organization have impacted by the CSR activities. The
process, the information which is gathered in this report can be presented by the thematic
presentation as below:
Theme 1: CSR programs contributes towards business success & growth
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Number of respondents Percentage
Yes 43 86%
No 7 14%
50 100%
Findings and analysis: On asking 50 employees, maximum proportion of the surveyed
candidates to 43(86%) had replied that CSR plays a sound role in gaining sustainable growth &
success of the business in the highly turbulent and competitive global world. It is because, they
said that now-a-days, CSR works as a regulatory mechanism with the help of which, companies
can keep track over their daily or routine functions & comply with the regulatory principles,
ethical standards and legal norms. It enables Tesco to carry out their regular functions through
satisfying the requirement of the society and drive the benefits of sustainable growth and sound
competitiveness. However, there are only 7 means 14% people who had replied that CSR does
not contributes effectively towards gaining competitive success and sound growth. It might be
due to lack of awareness about the program and issues that firm might face in CSR management.
Theme: 2. CSR manager owes accountability to design and implement CSR initiatives
Number of
respondents Percentage
CSR manager 28 56%
General Manager 6 12%
Human Resource Professional 8 16%
Administrative head 6 12%
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