Summary
Summary (M2) Compare how cultural differences and foreign business environments affect multi-national corporations.
- Module
- International Business
Summary of 4 pages for the course International Business at WLC
[Show more]
6 reviews
By: milahn16griffiths • 4 year ago
By: charlieboraman13 • 6 year ago
By: jeansoulas • 6 year ago
By: georgeoztufan98 • 7 year ago
good
By: danparker24 • 7 year ago
By: davidokwah • 7 year ago
Content preview
(M2) Compare how culturaldifferences and foreign business
environments affect multi-national
corporations.
written by:
sabinab93
The Marketplace to Buy and Sell your Study Material
Buy and sell all your summaries, notes, theses, essays, papers, cases, manuals, researches, and
many more..
www.stuvia.com
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
BTEC L3 Extended Dip In Business Yr2 Gp1
Unit 39: International Business
(M2) Compare how cultural differences and foreign business environments affect multi-national
corporations.
Introduction
In this assignment I am going to compare how the differences in cultures of UK and India affect
Tesco’s operations in India. I am going to use Hofstede cultural dimension framework, to compare
the scores and relate them to Tesco’s international operations.
a) Select a local organisation and in doing so provide a brief overview of this organisation
Tesco PLC is a British multinational grocery and general merchandise retailer. Its headquarters are
situated in Cheshunt, United Kingdom. Tesco is the third largest retailer in the world measured by
revenue and the second largest measured by profits. Tesco operates in 14 countries across Asia,
Europe and North America. 520,000 people are currently employed by Tesco and are working in
6,700 stores.
b) Obtain the foreign nation selected for expansion and provide a brief overview of this nation
India is a country in South Asia. It is the seventh largest country, with a population of 1.2 billion
people. India is one of the currently emerging markets. The Indian economy is one of the largest in
the world and is considered to be one of the fastest growing; however India is still facing the
challenges of poverty, lack of skills and corruption. India is extremely wealthy in culture and there
are four world religions originated in India.
c) Collect the scores of both the UK and the selected nation for each of the following dimensions
identified by Hofstede
d) Analyse the impact of these scores on any possible expansion into the foreign nation
Small vs. Large power distance
UK stands at 35 on the power distance scale, which is considered quite low in comparison to India
which stands at 77. This shows that Britain believes that inequalities amongst people should be
minimized, whereas India appreciates the hierarchical structure in both society and organisations.
Even though the power distance difference between the two countries is quite big, Tesco as a
Page 1 of 3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller sabinab93. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now
