MGMT305: Globalisation and Tesco's Business Operations

Desklib offers past papers and solved assignments. This project analyzes Tesco's global business strategies.

Research project
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Executive Summary
The study related to the research is done in a systematic manner. The topic to be researched upon
is globalisation and its impact upon the business operations of Tesco. The research proposal was
given and a literature review was stated associated with the features of the research. The different
research methodologies followed has been justified and the research has been done in a
systematic manner. The sampling size selected has been 50 and the research questions and
answers have been represented with the help of statistical data.
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Table of Contents
Introduction......................................................................................................................................4
LO1 Conduct appropriate research methodology which integrates knowledge into the research
process.............................................................................................................................................5
P1 Produce a research proposal that clearly defines a research question or hypothesis,
supported by a literature review..................................................................................................5
P2 Examine appropriate research methods and conduct primary and secondary research.........7
M1 Evaluate different research approaches and methodology, and make justifications for the
choice of methods selected based on philosophical/ theoretical frameworks.............................8
LO2 Conduct and analyse research relevant to a chosen business research project......................10
P3 Conduct primary and secondary research using appropriate methods for a business research
project that consider costs, access and ethical issues................................................................10
P4 Apply appropriate analytical tools to analyse research findings and data............................11
M2 Discuss merits, limitations and pitfalls of approaches to data collection and analysis.......15
LO3 Communicate the outcomes of a research project to identified stakeholders.......................17
P5 Communicate research outcomes in an appropriate manner for the intended audience......17
M3 Coherently and logically communicate outcomes to the intended audience, demonstrating
how outcomes meet set research objectives..............................................................................18
LO4 Reflect on the application of research methodologies and concepts.....................................20
P6 Reflect on the effectiveness of research methods applied for meeting objectives of the
business research project...........................................................................................................20
P7 Consider alternative research methodologies and lessons learnt in view of the outcomes.. 21
M4 Provide critical reflection and insight that results in recommended actions for
improvements and future research considerations.....................................................................22
Conclusion.....................................................................................................................................24
Reference list:................................................................................................................................25
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Introduction
In today’s world, globalisation has a massive impact and effect upon the different forms of
carrying out trade of various goods and services, the increase in the various levels of migration
of the workforce who are involved in executing the business operations in different countries.
Different companies around the world are becoming well equipped to encounter the challenges
which globalisation poses to the business operations and activities. Globalization has its impact
upon the ways and methods by which the global companies execute their business. Tesco also
adopts different strategies to balance the effects of globalisation and retain its workforce to
execute their business activities smoothly. The research method to be followed will be primary
research method by following the positivism philosophy and by having a deductive approach.
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LO1 Conduct appropriate research methodology which integrates knowledge into the
research process
P1 Produce a research proposal that clearly defines a research question or hypothesis,
supported by a literature review
Research Proposal
Introduction
Background of the study
In today’s world, globalisation has a massive impact and effect upon the different forms of
carrying out trade of various goods and services, the increase in the various levels of migration
of the workforce who are involved in executing the business operations in different countries.
Different companies around the world are becoming well equipped to encounter the challenges
which globalisation poses to the business operations and activities. Globalisation has given rise
to an increase in the competition between companies in enhancing the growth in the market
(Steger, 2017). Companies, which operate their businesses successfully, have to work hard in
trying to devise and develop modern strategies for executing the business operations in different
new markets around the world. Globalization has its impact upon the ways and methods by
which the global companies execute their business. Tesco also adopts different strategies to
balance the effects of globalisation and retain its workforce to execute their business activities
smoothly.
Rationale of the study
Globalisation is a modern concept, which has an impact upon the different aspects or operations
of the different organizations, which are found around (Hirst et al., 2015). Globalization tends to
influence the various strategies followed by the global companies and it has its implications upon
the migration of the workforce, which takes place in different global companies around the
world. Globalisation has an impact upon the financial management in different global companies
and it has its impact upon the way Tesco carries out its financial transactions. Financial
management is an important business operation in every company as the capital, which a
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company has, goes behind organizing the workforce within the company, carrying out projects
according to the business models. The different aspects of globalisation need to be addressed by
the management of the companies so that the business operations can be done in a smooth
manner. Globalisation has different positive impacts as well as negative impacts upon the
operations, which a company executes.
The management at Tesco helps to adopt certain specific strategies and plans and implement
them so that they can balance the way of executing their trade operations and manage the capital
possessed by the company. The negative impacts of globalisation such as the different taxation
procedures imposed on different goods and services, which needs to be addressed by the
companies so that they can manage the operations within the company. The study will involve
the various practices adopted by Tesco in improving the different ways by which they carry on
their trade with other countries and maintain the financial transactions within the company. The
challenges of globalisation have to be dealt in a systematic and positive manner by the
management of Tesco.
Research Aim
The aim of the research will be to find out the ways of acquiring more retailers who were not
performing well in the market.
Objectives
• To develop the existing products and business strategies of Tesco.
• To increase the overall customer satisfaction in Tesco.
• To spread the branches of Tesco in different parts of the world.
• To manage the labour migration while carrying out business in different countries.
Research questions
• How does globalisation affect a company like Tesco?
• How does globalisation help in developing the products and implementing the business
strategies in Tesco?
• What strategies should be taken by Tesco to balance the effects of globalisation?
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Literature Review
Globalisation has an impact upon the different business operations and activities of different
companies. Globalisation has been beneficial in Tesco and it influences the different ways by
which business operations are carried out in Tesco (Wood et al., 2016). Globalization has its
various implications and Tesco adopts certain strategies, which helps them to execute the
different various business operations and analyse the ways of adopting strategies, which will help
them to venture into foreign markets. Globalization involves the workforce in the companies to
put in hard work and effort in helping the company to achieve its standards and goals (Vance and
Paik 2015). Globalization has been a positive feature for many of the countries who are
developing and require the utilisation of the workforce, which will help them to execute the
activities properly. The global companies have to look after the different environmental impacts
and consider them in order to maintain and manage the execution of business operations
smoothly (Campbell and Reyes-Picknell 2015). Tesco has to include different strategies within
its work setup, which will help them to manage their operational setup, which includes the
finances and HRM properly.
Globalisation is an important phenomenon in the modern world and the various pros and cons of
globalisation have to be considered by Tesco in managing the different business operations
within the company (Lasserre, 2017). Globalisation makes the competition between the different
global companies very intense and so a company like Tesco has to adopt certain ideas, which
will help them to frame strategies to sustain its business performance and carry out trade with
other countries.
P2 Examine appropriate research methods and conduct primary and secondary research.
Different research methods are applied to the research study upon the impact of globalisation
upon the financial management and the business operations in Tesco. The research should be
done in the locality of UK. The primary and secondary research can be utilised in executing the
research on globalisation and its impact upon financial management and acquiring retailers for
its market. A theoretical approach can be considered for the research study. Qualitative and
quantitative data analysis can be carried out and accordingly, the outcomes will be assessed to
understand the research topic clearly (Flick, 2018). Primary research is to be conducted which
helps the team or the assigned researcher to assess and examine the different problems, which are
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related to the research topic. For instance, globalisation and its impact upon Tesco in acquiring
more retailers who were underperforming in the market and managing the finances within the
company. Positivism philosophy is followed and the deductive approach of research is followed
in the research study. The research study is to be done in a descriptive pattern and the sampling
size to be surveyed and interviewed is 50 respondents who aided in performing the research.
The questions being asked are related to globalisation. The questions to be asked are that
whether globalisation has impacted business worldwide, whether globalisation has created a
negative impact upon the business performance of Tesco, whether globalisation has helped in
increasing the revenue of Tesco, was Tesco able to satisfy the demands of the customers or not.
All these questions, which are to be framed by the researcher, will help to understand the
different facets of the research study in a smooth and proper manner. The primary data collection
will help to get the accurate details and information associated with the research topic. The
research will involve questioning the employees of Tesco and the managers of Tesco. This will
help in identifying the features of the research project properly. The data analysis is to be done in
this way and the questions being asked to the employees and the managers are related to the
research topic, which will help in completing the research in a smooth manner. The expenses
behind performing the primary research are very less and it is beneficial for the researcher to
execute the research in this way. The data analysis was also supported with the help of pie charts.
The research design, research approach and research philosophy has been selected accordingly
which has benefited the research study.
M1 Evaluate different research approaches and methodology, and make justifications for
the choice of methods selected based on philosophical/ theoretical frameworks.
The research method followed in executing the research study is primary as it helps in carrying
out the research in a smooth manner by questioning the respondents of Tesco. The research
philosophy, which has been utilised in the research, is the positivism philosophy. The research
approach, which has been followed, is deductive approach. Different designs have been used in
executing the research and the design, which has been utilised in this research, is descriptive
pattern, which helps in finding out the outcomes by executing the research. The research study
includes both the theoretical and practical facts within its research mechanism and study. Both
the theoretical and practical facts helped the researcher to carry out the project in a smooth and
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systematic manner. The type of sampling which has been utilised is the non-probability pattern
of sampling in the research study. The deductive approach has been used in executing the data
analysis section of the research, as it will help to apply theories to the research study. The
primary method of carrying out the research has both its benefits as well as demerits.
The respondents being chosen are the employees and managers of Tesco, which will help in
understanding the research completely as it will clarify the outcomes of the research topic related
to the impacts of globalisation on the financial management and increasing the retailers in the
market. The benefits of performing the primary research is that the research is carried out by
spending less thereby the researcher can save the expenses (Hancock and Algozzine 2016).
Accurate data and information related to justifying the research topic can be found. The
information and the data are described in details and is informative in nature. This helps in
clarifying all the aspects of the research study. The primary data of research method is beneficial
and useful at a time when the secondary data and information is not present to be utilised.
Primary data collection is a budget friendly method of executing the research (Padgett, 2016).
The primary method of research is selected because of all these benefits. The demerits of the
primary research method are that it takes too much time and it wastes labour.
The respondents do not always answer some of the questions asked in the primary research,
which becomes a problem for the researcher sometimes. Some of the questions, which are put
forward to the respondents, do not always fall under the purview of primary data collection.
Statistical data representation has been followed in the research study and it helps in executing
the research by following a systematic manner as the data is represented in a proper way. The
statistical method of representation is an easy way to analyse and assess the findings of the
research study. It has high accuracy rate and it always includes data, which is relevant to the
research topic. The gap between sample population and the actual population has to be kept very
low so that the error percentage is reduced.
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LO2 Conduct and analyse research relevant to a chosen business research project.
P3 Conduct primary and secondary research using appropriate methods for a business
research project that consider costs, access and ethical issues
Primary and secondary research can be followed for a business research project by following the
guidelines and the different steps and methods relating to the costs incurred, access to the
population which includes interviewing and surveying the respondents in the place where the
business functions smoothly enhancing the growth of the company. The approach to be taken
should be deductive approach and the designs followed should be more than one, which will help
in simplifying the research study. Primary research method will be followed and it will involve
quantitative analysis of data and information and it will help the researcher in executing the
research project by acquiring a proper analysis and understanding of the subject. The primary
data collection method shall be followed as it is a budget friendly method of collecting the data
and information associated with the research topic related to the business. The sampling size of
the research will be chosen from the specific business sector upon which the research is being
executed and worked upon. The sampling size can involve the employees, managers and the
customers associated with the specific business sector of the research.
The primary data collection method also includes collection of relevant data and information,
which will help in performing the research project in a systematic manner and it will also aid the
researcher in analysing the data collected properly. The expenses incurred in the research are
very low in case of primary research but the expenses behind conducting the secondary research
is very high. The secondary data resources are collected in a qualitative way and it helps in
clarifying the research study in a systematic manner. So, the secondary research will also help in
justifying the execution of the research study and this will clarify the ways in which the research
project is handled and completed. Some enquiries do not support following the primary data
collection so in those cases secondary data collection has to be followed. The design followed is
descriptive design as it will help in analysing the details in a systematic manner. The quantitative
analysis being carried out makes sure of easy access to the respondents who are questioned and
surveyed in the research study. The statistical data representation also has to be followed in the
research as it will help in analysing the data and relevant information, which will help in
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establishing the different characteristics of the research. The secondary data collection has to be
done in a systematic manner and it will include the qualitative analysis, which will help in
finding out the different features of the research topic related to the business sphere. The costs
beared by the researchers and the organisers have to be upto the mark in achieving the different
features in the research.
P4 Apply appropriate analytical tools to analyse research findings and data.
1. Has globalisation helped in developing the business worldwide?
Options No. Of Respondents Total no. Of Participants Percentage of
Respondents
Highly agree 25 50 50%
Agree 15 50 30%
Neutral 5 50 10%
Disagree 5 50 10%
Highly Disagree 0 50 0%
50%
30%
10%
10%
No. Of Respondents
Highly agree Agree Neutral Disagree Highly Disagree
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