Tesco's Globalization Impact: A Business Project Report

Desklib offers solved assignments and past papers to help students succeed.

Managing a successful business project
“The positive economic, cultural and ethical impacts of globalization on different business
functions (operations, marketing, HR accounting) within Tesco”
1

Table of Contents
Introduction......................................................................................................................................3
LO1..................................................................................................................................................4
LO2................................................................................................................................................11
LO3................................................................................................................................................20
LO4................................................................................................................................................26
Conclusion.....................................................................................................................................28
Reference List................................................................................................................................29
Appendix........................................................................................................................................30
2

Introduction
Globalization is termed as the free movement of the services and goods in an integrated manner
across the global platter. There are several definitions, which emphasize on the significance of
globalization and have an impact on the several other businesses. It is also known as the
geographic dispersion of industrial activities, which influence trade across borders for the goods.
The research topic revolves around the significance of the positive elements such as economic,
ethical and cultural which affects the business functions of Tesco. Tesco plc is a multinational
retail grocery and merchandise retailer (Cramer, 2017).
It is of a British origin and is the third largest retailer of the world. The retail supermarket has its
business operations across seven countries with Asia and Europe. It is known as a public limited
company and was established in the year 1919. The aim of the research project is to establish a
sound understanding of the departments that are interconnected in Tesco and implicate its
positive economic and cultural factors. Therefore, it will illustrate an understanding of the impact
of globalization on the marketing operations of Tesco plc. The business project will elucidate on
the critical understanding of the impact of globalization on the growth of the business.
3

LO1
Establish project aims, objectives and timeframes based on the chosen theme 800
P1 Devise project aims and objectives for the chosen scenario
Project Definition
The chosen scenario for the course of the project is the impact of globalization on the business
department of HR accounting, operations and marketing of retail supermarket Tesco. It will
assess the positive economic ethical and cultural impact, which prevails upon the department.
The research will be exclusively carried out as a critical introspection of the factors on the above-
mentioned elements.
Problem Statement
Globalization has affected the companies and its business operations by affecting trade and other
barriers affecting the business. It has the ability to affect the functioning of the business functions
and can also be instrumental in covering the important aspects which are related to operations in
the business. Hence, it will be covered in a better manner.
Project Strategy
The project will enumerate the following strategies which would affect the business operation so
Tesco. It will elucidate on the use of the project management plan to highlight the elements,
which are important for the researcher to delve. It will critically investigate the factors that are
important for the research.
Project Aims
The aim of the project is to illustrate an understanding on the positive economic cultural and
ethical impact of globalization on the marketing operation accounting and the HR department of
Tesco Plc.
Project Objective
The objective of the business project will be elucidated below:
 To assess the importance of globalization on the businesses
 To identify the positive impact of the ethical economic and cultural factor of
globalization on the departments of Tesco
 To evaluate the negative outcome of globalization on the developing modern businesses
in UK
4

 To implicate the working of the department of Tesco due to the onset of globalization
Literature Review
Introduction
The literature review consists of the information from secondary sources using articles and
journals that are a part of the research. It consists of the opinions of the scholars of the
prescribed for the understanding of the research. This literature review is being conducted for the
purpose of the secondary data materials, which is important for the research.
Significance of globalization on business
In the words of Flew and Waisbord (2015), globalization has played a predominant role in the
business sector. The companies have been able to thrive and acquire profits, which are
instrumental for the research. Globalization is known for increasing and boosting the
international integration, which is a part of the research. It is known for increasing the workplace
employment through the introduction of diversities, which are relevant for the functioning of the
business. As stated by Bhatia (2019) globalizations have an impact on the changing nature of the
business. It has brought in the use of the different types of operators from other foreign markets
that have contributed to the growth of the research.
Positive impact of globalization
As stated by Lambregts et al. (2015), there have been significant changes, which have taken
place for the companies that undergo globalization. The companies have been able to work
together and form a better corporate social responsibility for the companies. This is a positive
impact of globalization, which has affected the management, and the roles of the company in a
better manner. As stated by Crane (2019) with global deregulation, there has been the imminent
rise in the productivity of the company. Therefore, globalisation has served the purpose of the
research and provided an understanding on the concept of the globalisation and rise of local
business.
Negative impact of globalization
In the words of Adekola and Sergi (2016), globalisation has also been the source of disruption in
the company and has an impact on the financial standing of the business. There are companies
that join in a worldwide scale and are unable to keep up with the protection of their cultural
identities while forming businesses. In the words of Perez (2017) the correlation of the financial
summit faced serious consequences due to the onset of the factors, which were associated with
5

the research. The developed countries are savings constrained and with institutional reforms
faced bitter consequences. Therefore, these are the negative impact of globalisation on business.
Conclusion
The literature, which has been provided has given an account of the significance of globalization
on the significance of the research It has explicitly stated the significance of globalization of the
business and their different departments which are a part of the company.
Literature gap
The literature gap lies in the efforts of the researcher to provide an understanding of the
globalization and its impact on the significance of the business. It has stated the different type of
positive and negative impacts of globalization on the significance of the research.
P2. Produce a project management plan that covers aspect of cost, scope, time, quality,
communication risk and resources
The project management plan will be underlined to give an account of the planning execution
and monitoring which is important for the research (Kerzner, 2017). It will cover the quality and
various other sources, which are important for the research. This plan is aimed to cover the
important points, which are associated with the understanding of the research project. This will
be covered in a better manner for the execution of the research.
Cost analysis
The cost plays an important role in the project management plan and a total amount of 800
dollars will be utilized for the execution of the research.
Main activities Cost ($) Time (per hour) Total
Execution of the project plan 20 10 200
Transportation 30 10 300
Data collection equipment 10 5 50
Survey and interview cost 20 5 100
Documentation of file 30 10 300
Total 950
Table 1: Cost for research activities
(Source: Created by Learner)
Scope
6

It is important to take into account the included and the excluded scope, which is part of the
research project.
Included scope
The research will take into account the utilization of the secondary and the primary data for the
research. It will elucidate an understanding on the various functions such as the survey and
interview of the individual to steer in the project in a better manner.
Excluded scope
The excluded scope will take into account the other departments, which are not thoroughly
explored in the study. The research does not delve in the better understanding of the concepts
that are related for the understanding of the concepts, which are related to the business.
Therefore, the research will take into account the various stages, which are imperative for the
functioning of the research.
Deliverables
The researcher at the end of the research will be presenting the impact of the globalization on
the performance of the Tesco Plc operations. It will give an account of the various perspectives
that are present for the purpose of the research.
Time
The time, which would be taken for the completion of the research project, is a period of 2
months, which would be useful for the research.
Quality
It is important to manage the quality that is useful for the execution of the research project.
Therefore, it is important to evaluate the methods that are being used in the research for the
delivery of the outcome of the research. However, it is important to understand the importance of
research and its outcomes, before plunging into the significance of the topic of globalization.
Communication
A communication plan will be elucidated for a better understanding of the research.
What Who When Why How
Collection of data
from respondents
The
participants that
would be
actively
This will be
executed during
the collection of
the data
This is done to
gain a
perspective on
the employees
This will be done
through the
process of
questionnaires
7

involved in the
research
idea on
globalisation
Communication
with the
professional
official members
CEO of Tesco
and managers
This will be
initiated during
the interview
done for the
managers
To comprehend
the market
strategies for the
research
This will be done
through the
medium of
interviews
Compilation of
the collected data
The project
supervisors and
the team
members
This will be
initiated after the
survey and the
interviews
This will be done
to document the
records and
statement of the
research
It will be initiated
through team
meetings and so
on.
Table 2: Communication Plan
(Source: Created by Learner)
Risk assessment
The risk assessment template will be provided to undertake understanding on risks, which are
associated with the company.
Risk identified Type of risk Influence
rate of risk
Risk Impact Mitigation of risks
Inefficient
communication
among the team
members
Moderate Moderate This can affect
the overall
structure of the
project and lead
to undesirable
results
With the adoption of
communication and
team meetings
Insufficient
collection of that
data
High High This can lead to
the lack of clarity
in the researched
data
This can be mitigated
through the use of the
critical introspection
ad research on data
Lack of
participants for
Low Moderate This can prove to
be damaging for
It can be mitigated by
conducting the
8

the research the research and
lead to
insufficient
results
research on a
divisional basis
Table 3: Risks assessment plan
(Source: Created by Learner)
Resources
The resources that are a part of the research project are the utilization of the analysis, which
would be use of the data tools and the other elements. That would be significant for the better
understanding of the research data.
P3 Produce a work breakdown structure and a Gantt chart to provide a timeframe for the
stages of completion
9

Number Main activities Start Date Duration End Date
1 Initiation of the
research project
07/03/2019 1 08/03/2019
2 Selection of
Methodology
08/03/2019 15 23/03/2019
3 Collection of Data 23/03/2019 18 10/04/2019
4 Analysis of data 10/04/2019 17 27/04/2019
5 Conclusion of
project
27/04/2019 4 01/05/2019
6 Documentation of
file
01/05/2019 5 06/05/2019
7 Final Submission 06/05/2019 1 07/05/2019
Table 4: Work-breakdown structure
(Source: Created by Learner)
Initiation of the research project
Selection of Methodology
Collection of Data
Analysis of data
Conclusion of project
Documentation of file
Final Submission
03/07/19 03/17/19 03/27/19 04/06/19 04/16/19 04/26/19 05/06/19 05/16/19
Figure 1: Gantt chart
(Source: Created by Learner)
10

LO2
Conduct small-scale research, information gathering and data collection, generating
knowledge to support the project
P4. Carry out a small-scale research by applying qualitative and quantitative research
methods for meeting project aims and objectives
Methodology
The research methodology is imperative as it provides an understanding on the research
problems and provides methodical ways to resolve the issues (Kumar, 2019). These comprise of
the use of the tools and various other segments, which are a part of the research. This will be
critically illustrated and evaluated in the process of the execution of research.
Research philosophy: The research philosophy is the belief, which is carried out for the
execution of the research. There are four types of research philosophies mainly pragmatism,
realism, interpretivism and positivism (Silverman, 2016). The researcher has made the use of the
positivism as it relies on the utilisation of factual knowledge gained through observation and is
quantifiable.
Research design: The research design is to assure that the proper data is collected accurately
and economically. It is of two type’s mainly exploratory and conclusive research (Quinlan,
2019). The researcher will take into consideration the utilisation of exploratory research design
as it is of a general nature and instigates research on a particular situation.
Research approach: The research approach highlights the plans and the procedures, which are
undertaken for the production of the research in a viable manner. It consists of assumptions to
the detailed data analysis. There are three types of research approaches mainly deductive,
abductive and inductive in nature (Lilac and Pope, 2018). The researcher has taken into account
the deductive research approach as the research tests the viability of the assumptions and
theories.
Data Collection method: The data that has been collected for the research is done through the
process of the primary data collection. The primary data collection includes the use of
quantitative and the qualitative data analysis. The quantitative data will be done by surveying
11

employees of Tesco and the qualitative research will be done interviewing the HR manager and
the CEO of Tesco. The consent forms will be available before the execution of the research.
Sampling size: The sampling size indicates the number of participants that are a part of the
research. There are two types of sampling size mainly the probability and the non-probability
research technique. The researcher has made the use of the probability sampling for the
execution of the research. There will be 15 employees from Tesco and 2 managers of the
company for the research.
Data Collection
The data which will be conducted will be done through the survey of the 15 employees in the
quantitative section. It will take into account the use of the two managers from the company for
the qualitative analysis.
Quantitative data collection
1 Please specify your age
Options % of Participants Number of
Participants
Total Number of
participants
20-30 54 8 15
35-40 20 3 15
40 years and above 26 4 15
Table 5: Age of participants
12