Unit 11 Research Project Assignment Sample
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Added on 2020-11-12
Unit 11 Research Project Assignment Sample
Added on 2020-11-12
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AppendixResearch Proposal FormUnitUnit 11 – Research ProjectProposed Title ..................................................................................................................................................................................Section One: Title, aim, objectives, questions
TITLE – “To identify the impact of globalisation on business functions and performance of an organisation – A study on Tesco”INTRODUCTIONGlobalisation is progression through which beliefs, humanities and local markets comes together by global network of trade and communication. The term globalisation is often utilised to define economic development. It refers to the integration of national economies into global economy through foreign investment, trade, migration, capital flows and spread of technology or skill. Globalisation of industry or markets refers to the procedure of unification andincorporation of the individual global markets into a sole market. One of the major feature of globalisation of markets is that it is not importantthat the size of the company needs to be large in order to create a global market (Evrard, 2017).Even small businesses or companies can develop global market. Factors affecting the locality of production facilities may vary from country to country. They might be more favourable in foreign countries rather than the home countries due to low taxes or cheap labour that forces the organisations to develop production facilities in other nations. It is also renovating the method in which nations communicate or interact. Economies of states become integrated as the flow of goods and merchandise expands outside the national boundaries. Less trade barriers or decline in cost of transport helps in increasing trade among consumers in other countries and manufacturers in other. In current business environment, organisations are more flexible to perform business functions globally, outlining each and every stage of producer in the country where it can be accomplished at least cost. It can also develop new ideas of communication and new methods of producing products all around the world. The present research will identify the impact of globalisation on business operations operation performed by Tesco. The research will 2
include primary and secondary data and analysis to examine the various impacts of globalisation on functions and performance of Tesco. The research will use various research methodologies to conduct a detailed research on the subject chosen. Aim - “To examine the impact of globalisation on business functions and performance of Tesco”Objectives To explore the concept of globalisation in business or tradeTo examine various areas in Tesco getting affected due to globalisationTo analyse the role of globalisation in increasing competition for TescoTo provide Tesco effective recommendation to overcome globalisation challenges Research questions 1.What is globalisation in trade or business suchas Tesco?2.What are the areas in Tesco getting affected due to globalisation?3.What is the role of globalisation in increasing market competition for Tesco?Section Two: Reasons for choosing this research projectThe main reason for choosing this subject of research is the interest of the researcher regarding impact of globalisation on functions and performance of businesses such as Tesco. The main issue observed in the present global business environment is the increasing competition in the market due to globalisation. Due to increasing competition in the market, organisations are negatively affected in terms of performance and profitability. Therefore, it is important to conduct this study. Section Three: Literature sources searched3
Globalisation is a major or critical issue in businessesin the present world, development of technologies plays a significant role in the expansion of the markets and entry of organisations into foreign markets. It provides business a great opportunity for the organisations to expand their business operations, increase there market share, enhance profitability andperformance of the organisational functions all around the world. According to Intriligator (2017), globalisation is considered as the procedure through which the integration market in the global economy can be enhanced. It is a approach through which an organisation can perform its business operations at a larger scale increasing its market. There is a intense competition in local as well as global market, a business or company can easily expand its operations and business in various new markets by entering into foreign countries. Therefore, it can be said that globalisation has a positive impact on business or organisations. Although , there are various negative impact which can be identified as well including higher competition, increased investment, enhancement of risk etc. Bourn (2018), stated that a company needs a lot of efforts and improvement in order to enter into a global market Globalisation is progress through which beliefs, discipline and local markets comes jointly by global system of trade and communication. The term globalisation is often used to specify economic development. The companies need to develop enhanced chain of communication, increased workforce, improved network of suppliers huge capital investment etc, in order to successfully expand their businesses into global markets. According to Olimpia and Stela (2017), there are various other major challenges such as intense competition & cultural differences being faced by theorganisation such as Tesco while entering into foreign markets. An organisation needs to change its business policies in order to overcome the cultural challenges with respect to specific nation. In order toenter into a new market it is also important for the companies to develop new strategies with regard to the external factors of the business environment in the new or global market. There are various elementssuch as political, legal, economical, technological, social and environmental factors that highly affect 4
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