Research proposal is a document reflecting the activities which are undertake during research work. You are asked to follow six step as mentioned below:
- Overview of chosen company and its purpose of undertaking under research.
- Summary of chosen company and brief explanation of main corporate governance and ethical issues.
- Explain agency theory and stakeholder theory and how it links with research topic.
- Linkage of literature and articles with the research topic.
- What are the issues research faced while collecting data for research topic.
- Prepare Gantt chart for research work
Overview of Tesco:
Tesco is a chosen organisation as a case study writing of corporate Governance because it is a leading multinational grocery retailer in the United Kingdom. The corporate emphasis has been on principals, goals and values for workforce and clients (Bhattacharya and et. al., 2017). Irrespective of this, Business has accepted widespread publicity encompassing scandals with profit and its board of directors. Main reason behind choosing this organisation for the The overarching way corporate governance is the fix of practices that alter a particular organisation to follow a set of regulation and process for monitoring the whole process of business.
Summary of company case and an overview of main corporate governance, ethical issues
For the case study of Corporate Governance, Tesco company has been chosen. Tesco is a leading multinational grocery headquartered in the UK. company offer a different range of services and products and are held in more regard amongst consumers. Tesco is the company which is working as per government norms, so it is essential to come with various approaches which is significant for development of organisation. CSR is the activity which is performed by managers of Tesco which is effective for growth of business. There are some issues which arise because of CSR activities. There are many cahngesc in business operations because of concept of CSR. There are possibilities of working business operations in appreciate manner.
Risk management- There is requirement of managing risk which is important in order to perform business operations in ethical manner. In case managers are not able to work according to CSR norms then they can be imprisoned for 10 years. Brand value of company may get down. There are many changes taking place in business environment , so manager must be able to work according to market trends. There are possibilities of effect on business operations because of CSR activity (Hörisch, Freeman and Schaltegger, 2014). But it is essential to work as per norms.
CSR/ ETHICS- There are some guidelines issued by government which helps to perform CSR activities in ethical manner. It is important to perform business operations in ethical manner. Stakeholders must be aware of business operations. This can be performed by managers of Tesco. There must be some moral ethics values for performing business operations. CSR activities are performed with the help of managers and this affects business operations in proper way.
Board Accountability / Board Committees- Board of directors are one of the important factor in order to perform CSR activities in appropriate way. There are possibilities of change in serving to society, so this affects business operations. Due to false accounting information stakeholders may get wrong information, so this is responsibility of managers to perform business operations in significant way.
The agency theory is a supposition that define the better relationship between agents and principles in an organisation. This theory is related with reducing issue that can exist in the business relationship due to various aversion level of risk or unaligned goals. It is apparent that the executive directors and business shareholders are incorporate in a principle-agent kinship, which the enterprise can be ascertained as a breakup of ownership and monitor, also a relation of contracts. The premiss of such theory is that the administration will esteem the enlargement of the owner’s curiosity as an essential (Jones, Wicks and Freeman, 2017). This philosophy’s substance is the authority difficulty that grow while the organization’ actions battle with the wonder of its shareholders. Under Tesco where the business directors’ actions ignore core values, the shareholders’ curiosity were unnoticed only load-bearing in mind its individual interest. It is important for the Tesco in order to expand their business operations and activities at different level. Thus, it is also significant for the organisation to maximise their sales and revenues at marketplace.
Stake holder theory:
Stakeholders are one of the important factor of Tesco for making good image in society. There are possibilities that due to change in working style, stakeholders gets dissatisfied. So it is important to make strategies through which they can satisfy demand of stakeholders. When there is change in working style then it is essential to convey change to them. They are source through which growth of Tesco is possible. Company works to the betterment and upliftment of stakeholders. There is requirement of proper communication through which they can convey changes happening in business. There are many factors which affect business and there is requirement of alterations which are significant for growth of business. Success of business is possible with approval of stakeholders (McWilliams, 2015). So it is important to make changes in roles and responsibilities which help of increase goodwill in industry. CSR activity also has to be conveyed to stakeholders.
TRICKER 2015: this is one of the legislative source of understating the corporate governance in organisational context. This provides a vast overview of corporate governance, code of conducts and the regulation which are regulating at international corporate organisations. The books are acquired with an understanding and analysis of theories and investigations associated with financial crisis and continuing the shape of real world. Main objective of this legislation is making the structure by following the global crisis (Ni and Van Wart, 2015). There is a clear structure define in logical manner so that the problems be managed in practical manner. This also contains the numerous international case studies which remain related to the corporate governance.
Smith 2004: This is also one of the source defines the corporate governance that emphasise the role and potential contribution of marketing discipline. The proposal framework mainly define the CST initiatives to form the managerial processes. This mainly associated with learning activities for managing the national dissemination centre for children and youth for disabilities. There is a list of disorders defined in this learning disability which are considered under neurological disorder which affect the brain's ability to receive, store, process to respond towards information. There is no any specific definition given about the learning disabilities but certain aspects are considered in which contains the criteria to cover the child and youth with disabilities.
Simon 2014: A flowâ€based solidâ€phase peptide synthesis methods that alter the integration of an amino acid balance every 1.8 minute under automatic monitor or every 3 time unit under manual control is determined (Schwartz, 2017). This is achieved by passing a current of reagent via a heat dealer into a minimum volume, low back pressure response vessel, and via a UV sensor. These features change continuous bringing of heated insolvent and cause to the solid assist at high flow rate, thereby keeping maximal concentration of factor in the response vessel, rapidly converting reagents, and destruct the require to rapidly heat representative after they have been included to the vessel.
From the above mentioned information it has been concluded that Corporate social responsibility is the main part for the company (Schwartz, 2017). There are different issue which are find out by the researcher in collecting accurate amount of the information. In this cost and time are main issue which effects on the business performance and productivity.