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Assignment Sample
Assignment Sample
strategy, especially when it is planning to launch in the international market. The rest
18% of people believe that it should stick to its existing strategy.
Nearly 67% of the people believe that Joint Venture is the right option for the company to
enter the international market. The rest 27% and 6% believe that mergers and licensing
are the right choice for the company, respectively.
79% of the people believe the digital marketing is the right option for the company as it
has high reach and is a cost-effective method in comparison to the offline campaign
supported by only 21% of the people.
This question talks about the most important aspect of entering the international market
i.e., profit-making. 85% of people believe that it will increase profits while only 15%
believe that this won't make any difference.
P6 Communicate appropriate recommendations as a result of research and data analysis to
draw valid and meaningful conclusions.
Following are some recommendations for Tesco that might help in the international
market. The first and foremost is that the company should focus on conducting and
implementing effective market research in order to understand the current market trend.
Next is related to the initiation stage. It says that qualitative research should be
implemented prior to quantitative research and the outcomes of former research type
can be used in the latter one. It is also advised that a friendly relationship should be
established with the consumers while launching a new product or service in the
international market (Johnston, 2014). The price and quality must have the right balance
in order to maintain the sustainability of the company in the international market. The
appropriate reliability and validity of the data collected from the respondents are must in
order to have effective decision-making. The company is suggested to enter the
international market by forming a joint venture as this has a higher potential and
success rate along with low risk for the company.
M3. Evaluate The Selection Of Appropriate Tools And Techniques For
Accuracy And Authenticity To Support And Justify Recommendations
The survey conducted in the previous section for collecting the primary data can be very
important for the project of Tesco to enter the international market. This is because it
can be used to accurately validate the needs and demands of the target customers and
other market trends. In addition to this, Tesco can be able to determine which strategy is
best for the organization while entering in South Korea. The survey was conducted from
different sources, such as online and offline sources. This helps in reaching more and
more consumers and stakeholders (Nicholasand Steyn, 2017). For that purpose, the
survey was a bit close-ended and semi-structured. The data collected was fed into Ms.
Excel for better analysis and ease of the analysis part. Research Design is additionally
proper and suitable to inquire about a different aspect of the globalisation and its impact
on the business. The overview measure was instilled as far as quantitative examination
and the representatives of Tescowere responsible for explicit close-finished inquiries.
L04. Reflect On The Value Gained From Conducting The Project And Its
Usefulness To Support Sustainable Organisational Performance.
P7. Reflect on the value of undertaking the research to meet stated objectives and own learning
and performance.
The purpose of the current research is to expand globally and to identify the effect of
globalisation on Tesco. To run its business operation effectively the specific objective
set by Tesco will help to understand social, environmental and economic effect that will
be laid on the company. The globalisation of the company is bound to lay positive effect
for the company but it brings with it short comings and barriers also which has to be
treated efficiently. Different countries follow different employment regulations and
thereforedifferences in pay scale are identified in different countries and therefore
employees working for the same company and doing same jobs get different wages.
Moreover, the prevailing factor of inter country discrepancies in developing countries
arises the feeling of exploitation within the employees (Reitz, 2018).
M4. Evaluate The Value Of The Project Management Process And Use Of
Quality Research To Meet Stated Objectives And Support Own Learning
And Performance.
Some specific objective are stated byTesco for deep understanding of the impact that
multinational company will facedue to globalisation in their business operation in
different countries. The aims and objective that have been stated by Tesco are to be
efficiently fulfilled and therefore researcher tries to assure that the project process pays
full justice to it. To evaluate each aspect of research study effective selection of
methodologicaltool is done. In order to get good results from analysis, justification
against each selected tool is provided. The better understanding among the research
readers is developed by the combination of both qualitative and quantitative research
analysis (Salomon, 2016).
D2. Critically Evaluate And Reflect On The Project Outcomes, The
Decision Making Process And Changes Ordevelopments Of The Initial
Project Management Plan To Support Justification Of Recommendations
And Learning During The Project.
To make research study effective, within the project, planned structures and frameworks
are inculcated. The whole study is done depending on the stated aims and objectives of
the research. As a result of globalisation the research is done to understand the
environmental, social and economic effect on multinational company.Though
globalisation is accepted and followed on a worldly basis but there is also a negative
aspect of it. These negative aspects become visible only when the multinational
companies start their business operation in other countries. Every negative effect of
globalisation on the host country is properly identified so that in future Tesco will deal
efficiently with these negative aspects to flourish and grow its business operation of
Tesco mobile in other countries also through globalisation (Steenkamp, 2017).
Conclusion
In summation, it can be said this assignment successfully established the fact that
managing successful business projects includes implementation and breaking down of
project deliverables into small sub-deliverables. Finally, during the time of delivering
each of these sub-deliverables is adding to furnish a final outcome. It is also seen that in
order to gain profitability, leading multinational organisation needs to expand their
business operation across the globe. While doing so, the organisation may face many
difficulties while acclimatising in the new environment. Starting from the legal barrier to
the cultural difference, there are many obligations to accomplish a whole project. This is
the reason why it is important to employ the management of successful business
projects. This approach to handling diverse problem associated with a single project
enables an organisation to ensure maximum productivity and utilisation of allotted
resources. This will also help them to monitor each detail and take necessary action in
case of a sudden emergency.