Table of Contents TITLE.............................................................................................................................................1 Introduction......................................................................................................................................1 Literature Review............................................................................................................................4 Research Methodology...................................................................................................................7 Data Analysis and Interpretation..................................................................................................10 Discussion.....................................................................................................................................20 Reflection & recommendation for alternative research methodology...........................................22 REFERENCES..............................................................................................................................24 Appendix.......................................................................................................................................26
TITLE The benefits and drawbacks of a global business environment. Introduction Overview of the Research Globalisation is considered as a term that is applied to analyse how countries, an individual and enterprises across the globe are becoming much interrelated with each other as a force like wise global finance, engineering processes, media etc. which creates easier and effective for goods, facilities, people or ideas to crosswise international borders. Global business environment is refers as the state of affairs in multiple independent nation with cause exogenous to he home state of affairs of the organisations that majorly impacts the determination or the process of decision making of an organisation that related to resources and capabilities. Globalisation has benefits as well as drawbacks for the businesses, thus globalisation provides possibility to the organisations to achieve economic development around the commercial centre. Furthermore, it can also assist to challenges connected with economies, social welfare and the environment. Tesco is the selected enterpises for this specific investigation work as it is a large British Multinational organisation which mainly functions in general and groceries merchandise retailer. The potential concern of the firm is to spread out its businesses at wider level via analysing the global business environment for the purpose of attainment of higher growth and success within market place. The present study is based on the study ofthe benefits and drawbacks of globalisation upon business functions as in this in-depth evaluation will be conducted to drawing valid and reliable outcome. Aim and objectives are created to provide support to the overall research work and literature review will be conducted to develop an effective theoretical framework which provides proper information by the analysis of the perspective of different communicator and authors. Forthermore appropriate methods will be applied to carry out the work in right manner and data analysis will taken place with the help of the analysis of primary and secondary data. Furthermore proper conclusion and recommendation will provided to effectively completion of the work in right manner. Background of the Research The present investigation depends on the investigation of the advantages and downsides of globalization upon business capacities. In the present current business condition the key 1
intention of every little just as enormous business endeavors is to giving higher development and accomplishment inside commercial center through extension of business inside worldwide market. Globalization is a pivotal viewpoint which assumes crucial job in development and advancement of business and furthermore drives different difficulties for the business. Tesco Plc is significantly exchanging as Tesco, it is a most driving British Multinational staple goods and general product retailer organization. Tesco is set up in the time of 1919 by the potential endeavors of Jack Cohen. The headquarter of the firm is in Welwyn Garden City, Hertfordshire, England United Kingdom. The organization bargains in store, Hypermarket, Superstore and Convenience Shop. The organization works in around 6569 area. Significant activities of firm are worked by its backups which are accessible in various structures like Tesco Stores Ltd., Tesco Bank, Tesco Mobile, Tesco Ireland, Tesco Family Dining Ltd. and so on. The significant intention of the firm is to turn into the biggest worldwide retailer brand in regard to achievement of higher development and achievement. Rational of the Research The key purpose of execution of an investigation is to addressing an issue in effective manner by the analysis of appropriate information. The chosen area of work is related with the study about thebenefits and drawbacks of globalisation upon business functions, thus this is an effective study which is appropriate in providing suitable determination regarding the chosen work. This research is effective in exploring the idea and knowledge base of learners within the area of globalisation and its benefits and drawbacks for business function. The potential purpose of conducting this research is to addressing the issue through execution of in-depth analysis, thus the present investigation is executed for the individual curiosity of researcher. This study is effective in developing the professional and personal development of learner, however detailed analysis of the project assist people in processing the personal and professional knowledge level whichcanhelpsanindividualinachievementofsignificantfutureprogressionand developments. Research Aim This considered as the best piece of an investigation work, therefore it gives a suitable bearing to the researcher to complete the work in right way. This additionally distinguished as a foreordained proclamation which presumably portray the issue as explanation. The potential aim 2
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of this specific research is“To ascertain the benefits and drawbacks of globalisation upon business functions”. A case study on Tesco. Research Objectives The key objectives of this particular research are associated as below: To understand the concept of Globalisation. To determine benefits of globalisation on business functions of Tesco. ToidentifythedrawbacksofglobalisationonthebusinessesfunctionsofTesco organisation.Recommend various ways by which Tesco company can be easily overcome from the drawbacks of globalisation. Research Questions The potential questions of this specific investigation are described as under: What is the concept of Globalisation? What are the benefits of globalisation on business functions of Tesco? WhatarethedrawbacksofglobalisationonthebusinessesfunctionsofTesco organisation? What are the ways by which Tesco company can be easily overcome from the drawbacks of globalisation? 3
Literature Review Writing survey is alludes as a significant piece of an investigation work, in this manner it assumes an essential job in directing an inside and out examination over the chose region of study. This is the second and most fundamental piece of research where data is assembled from optional sources like books, diaries, distributed research articles and so forth. This area depends on includes on execution of hypothetical structure by means of breaking down the point of view of different writers and authors. The concept of Globalisation. According to the view purpose of Bird Beverly and Kopp Carol, 2019, globalization is characterized as a procedure of spreading the innovation, item, data and employment crosswise over national visitor just as culture. In economic term, it is defined as an independence of nations around the world in order to promote the free trade globally. This in turn contribute toward improving the living manner within less developes and poor economical regions and areas, as it provides greater job possibility, reinforced access to products or facilities and modernization. But despite of all these globalisation also have a several disadvantages. The major drawback of globalisation is that it destroy the job opportunities in more developed as well as high wage countries as the production of product or services are get moved to new countries. But apart from all these globalisation support an organisation to expand its business operations over a large market and achieve competitive advantage on multiple fronts. This is because the operating costs get reduced by shifting the manufacturing at abroad as organisations can purchase raw material more cheaply at another countries because of reduction or removal of tariffs. The benefits of globalisation on business functions of Tesco. As per viewpoint ofTejvan Pettinger, 2017,Globalisation is progression by those humanities, cognitive content and local industry have united by globe- spanning communication network and also trade. The globalisation is an combination of the national economies in to international economy by trade. Globalisation plays vital function in executing the operations and fuctions of the businesses at market place. Tesco is one the largest merchant in world after Wal- mart. It followed an aggressive strategy of foreign expansion in US. Globalisation majorly allows Tesco for free trade of services a products among the nations thus it provides opportunity to the businesses o attain higher growth and profitability. It permits the business to benefits from Foreign Direct Investment and markets to develop faster because of interchange of intellectual 4
knowledge and new technology advances. There are various benefits attained by Tesco through globalisation in which some are described as below: Improve business practices:Globalisation performs vital role in processing the transaction of firm at higher level by enlargement of organisations functions at wider basis. Globalisation is also effectual in modifying the functions of businesses through developing their operations at commercial centre. As a wider business organisation Tesco is focuses over enlargement of organisationalactivitiesatgloballevelforthepurposeofimprovisingitspractiseand accomplishment of significant position within market. Higher competitive edge:This considered being the primary consideration of a business to attain higher position within market to provide high competition to its rivals. As a leading retail company Tesco is concern on conducting effective enlargement of organistaions in respect to capturing a large area for achievement of higher position within commercial centre. Access to advancement:Globalisation is effectual in rendering better chances to the businesses for expansion thus Tesco has concern over applying advancement in the transactions in order to achieving potential maturation and success for long term suitability at commercial centre through capturing a wide area. The drawbacks of globalisation on the businesses functions of Tesco organisation. As per view point ofSteven Carroll, 2019,Globalization is a procedure in that universe is getting to be interrelated increasingly because of upgraded in exchange and the social trade. The fundamental test that Tesco face in globalize business is rivalry. In other nation, there are a few contenders which as of now exists and give their items at least expense. Other test that Tesco organization face is quick change in the innovation on the web and globalization. They should ready to guarantee to remain with patterns in setting to speak to target showcase in effective way. There are different drawbacks of economic process on the organisational functions ofTesco, some are associated as under: Inequality: Globalisation has been linked to increasing equivalence in income and wealth. This considered as the major issue faces by organisation through global expansion. AAs a large business organisation Tesco has facing the issue of inequality as each country has their own norms which are not probably known so it is essential for the company to analysing the norms for better execution of organisational operations at global level. 5
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Trade Imbalances:Global trade has mature but so too have trade imbalances thus this is also recognised as a major issue which is faces by organisations during globalisation of operations. Some states and regions are moving towards big trade surpluses or these equilibrium are developing hostility and pressure level to present protectionist policies like wide new forms of import control. Tesco has requires to be follow all trading norms for reducing the error of conflicts, this create worth for the businesses in achievement of significant competitiveness. 6
Research Methodology Research methodology is refers as an imperative aspect of an exploration work that plays a vital role in accretion of effective or accurate data. This part of investigation is reasoned to be the most critical part for leading investigation exercises in an arranged way and depicts about the tools ans techniques which are used to gather, evaluate and interpret the information in an effective manner. It significantly based on the abstractive assessment of the body of an investigation toolor principles which are connected with a branch of cognition. This section of research is encompasses on various applications as suitable methodologies are selected for carry forward the work in potential way. Type of Investigation:This is the key aspect of an investigation that is requires to be followed through the research in order to suitable implementation of exploration work. An investigation is encompasses on two type i.e. qualitative or quantitative research, thus the key obligation of the investigator is to chose the suitable sort for proper execution of work. In the case of qualitative research data is gathered on the basis of qualitative aspects as in this theoretical information is gathered and on the other side quantitative research is depend on statistical or metamathematical aspects. In this current area of investigation work qualitative investigation tool is used through the investigator because it is effective in execution of detailed analysis over the research issue. Research Design:This is additionally a powerful part of research methodology which can be perceived as the blue print of the examination which gives appropriate particular with respect to the examination to viably execute the part of investigation work in legitimate way. This area is based on three noteworthy sorts i.e Descriptive, exploratory and experimental research design. In this present investigation work descriptive research design is used by the researcher because , consequently it is most reasonable tool for qualitative research and aides in leading point by point investigation over the exploration issue. The major reason behind choosing the descriptive design is that it is most suitable methodology for providing detailed analysis over a chosen area of work like the investigation is based on the issue ofthe benefits and drawbacks of globalisation upon business functions, as in this investigation is conducted over a business case study of Tesco and descriptive design is effective in accumulation of data without affecting any behavioural norms. Research Approach:This is likewise a significant piece of an examination work consequently it is viable in giving a correct way path to the researcher to complete the work in right way. This 7
part is significantly incorporates on two noteworthy perspectives for example inductive and deductive research approach. In the present examination work inductive methodology has been connected by the researcher to offering help to the qualitative research as this philosophy is compelling in giving appropriate data through breaking down hypothesis and theory identified with the exploration work. Research Philosophy:This is helpful in knowing the varying aspects through which information can be gathered , investigated and utilized in appropriate way. This area is essentially accentuates on two elements likewise interpritivism and positivism Research philosophy. In this present exploration area interpritivism philosophy can be utilized by the investigator in light of the fact that,Underthis,researcherinterpretcomponentsofresearchstudyanditadditionally coordinated interest towards study. This constituted as the most appropriate methodlogy for qualitative research and effective in accumulation of data by determining the perspective of various writer. Data Collection Tool:Data collection is considered as a organized tool of a communicating information through different origins in respect to acquire accurate information relevant answers to reaching at the potential prediction for the future probability this section is basically based on two elements like primary and secondary sources of data collection primary data refers to the information which is collected for the very basic time as to arrival at the effectual and dependable results there are various ways To collect primary data like questionnaire face-to-face interview observation etc. on the other side secondary information define the data communicate by the assistance of secondary sources like books, journals, published research articles and many others in the existing researchboth the tools are applied by the investigator for the purpose of drawing reliable out going to communication of primary data survey is being conducted with the help of preparing a questionnaire As in this questionnaire is occupied by the responsive who are chosen for the specified area of study on the other side secondary tool is efficacious in administration the section of literature review by analyzing the perspective of Various authors and writers. Data Sampling:This section is base on emphasising the selection of people from the original population. This section is categorised among probabilistic and non- probabilistic sampling tool. In this present investigation area information is being collected by random sampling tool from the non probabilistic method, as in this randomly individuals are picked from a wide area among 8
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every one is having idea regarding the chosen area of work. Thus there is not anly specific criteria is set for respondents. This is widely used tool and this is effective for the prsent area of study as the investigation is based on the analysis of thebenefits and drawbacks of globalisation upon business functions and it is a wider topic about which information accumulation is easy.In this selected sample size is 30. Ethical Consideration:Researcher requires to be worry over expense of the undertaking, thereforeresearchneedsaproperamongofstoreandcapitalforbetterexecutionof investigations work. A few exercises are cost expending in nature so it is fundamental for the scientist to oversee assets and capital in regard to legitimate execution of work without confronting any sort of issue or strife. At the season of directing an exploration work scientist faces different issues regarding research tasks which are requires to be executed in right way and research morals helps the analyst in usage of research exercises in right way. It is basic for the specialist to guarantee their members about the well-being and security of their own data. Anyway researcher ought not ask for any sort from individual data and don't hurt the estimation or feeling of respondents. Limitations of the Research:The chosen area of study is wide, thus globalisation is a wider aspect on which information accumulation is quite tough for the investigation and this is the key limitation of the researcher. The study area of this research is wide so the another key limitation of the research is related to the authentic source as it is not easy for the researcher to gather information from authetic sources. 9
Data Analysis and Interpretation Questionnaire Q1) Are you aware about the concept of Globalisation?Frequency Yes28 No2 Q2) Do you think that globalisation has impacted over the functions of an organisation? Frequency Agree27 Disagree3 Q3) What are factors that push a business to become globalised?Frequency Market Attractiveness8 Free Trade7 Saturation of Market7 Business opportunity8 Q4) What role does globalisation plays in promoting growth and development of a Retail Industry? Frequency Better Financial access9 Greater market Opportunity8 Easy access to market6 Approach to larger customer base7 Q5)What are the benefits of globalisation on business functions of Tesco?Frequency Improve business practices15 Higher competitive edge7 Access to advancement8 10
Q6) What are the drawbacks of globalisation on the businesses functions of Tesco organisation? Frequency Inequality7 Trade Imbalances10 Dominant global brands7 Inflation6 Q7)What ways are considered by Tesco to overcome the drawbacks of globalisation? Frequency Market Research10 Proper knowledge of legislations8 High skilled workforce6 Integration of Culture6 Q8) In what manner global business environment affect operations of an organisation? Frequency Positive25 Negative2 Neutral3 Q9) Provide recommendation to Tesco for potential use of global business environment in order to attaining higher growth and success. Frequency 11
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Theme 1) People are aware about the concept of Globalisation. Q1) Are you aware about the concept of Globalisation?Frequency Yes28 No2 Interpretation: According to the detailed investigation of the undertaking it has been interpreated that 28 out of 30 individuals know about the idea of globalization along these lines it is huge viewpoint which has a large significance with regards to directing business inside worldwide level and remaining individuals don't know about the equivalent. 12 YesNo 0 5 10 15 20 25 3028 2 Frequency
Theme 2) People think that globalisation has impacted over the functions of an organisation. Q2) Do you think that globalisation has impacted over the functions of an organisation? Frequency Agree27 Disagree3 Interpretation: According to the analysis of the report it has been determined that 27 out of 30 people think that globalisation has impacted over the functions of an organisation, thus businesses are concernoverexpansingbusinessesatinternationallevelforattainmentofaignificant achievement. Remaining 2 individuals are not in approval through the same as per their views globalisation does not effectively impacted over the functions of an organisation. 13 AgreeDisagree 0 5 10 15 20 25 3027 3 Frequency
Theme 3) There are different factors that push a business to become globalised. Q3) What are factors that push a business to become globalised?Frequency Market Attractiveness8 Free Trade7 Saturation of Market7 Business opportunity8 Interpretation: From the examination of the overview report it has been established that There are various variables that push a business to move toward becoming globalized. 8 out of 40 individuals are agreeable to advertise engaging quality according to their supposition this is the main consideration that pushes a business to move toward becoming globalized, 7 individuals are supportive of organized commerce, 7 individuals are supportive of immersion of market and remaining are supportive of business opportunity. 14 Market Attractiveness Free Trade Saturation of Market Business opportunity 6.4 6.6 6.8 7 7.2 7.4 7.6 7.8 8 8 77 8 Frequency
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Theme 4) There are multiple role which are performs by globalisation in promoting growth and development of a Retail Industry. Q4) What role does globalisation plays in promoting growth and development of a Retail Industry? Frequency Better Financial access9 Greater market Opportunity8 Easy access to market6 Approach to larger customer base7 Interpretation: The point by point investigation of the undertaking confirms that there are different job which are performs by globalization in advancing development and advancement of a Retail Industry. 9 out of 30 respondents are agreeable to better monetary access, 8 individuals go with Greater market Opportunity, 6 individuals are supportive of Easy access to advertise and remaining respondents are go with Approach to bigger client base. 15 Better Financial access Greater market Opportunity Easy access to market Approach to larger customer base 0 1 2 3 4 5 6 7 8 9 9 8 6 7 Frequency
Theme 5) There are variousbenefits of globalisation on business functions of Tesco. Q5)What are the benefits of globalisation on business functions of Tesco?Frequency Improve business practices15 Higher competitive edge7 Access to advancement8 Interpretation: According to the overall discussion of the research it has been interpreted that 15 out of 30 people are in favour that Improve business practices is considered to be the key welfare of globalisation on business functions of Tesco, 7 people go with higher competitive edge and leftover individuals are in favour of access to advancement. 16 Improve business practices Higher competitive edge Access to advancement 0 2 4 6 8 10 12 14 1615 7 8 Frequency
Theme 6) There are different drawbacks of globalisation on the businesses functions of Tesco organisation. Q6) What are the drawbacks of globalisation on the businesses functions of Tesco organisation? Frequency Inequality7 Trade Imbalances10 Dominant global brands7 Inflation6 Interpretation: As per the perspectives on over all investigation of the venture it has been assessed that therearevariousdisadvantagesofglobalizationontheorganizationselementsofTesco association. 7 out of 30 individuals are agreeable to disparity, 10 individuals go with exchange lopsidedness, 7 individuals go with predominant worldwide brands and remaining individuals are supportive of expansion. 17 Inequality Trade Imbalances Dominant global brands Inflation 0 1 2 3 4 5 6 7 8 9 10 7 10 7 6 Frequency
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Theme 7)There are differentways that are considered by Tesco to overcome the drawbacks of globalisation. Q7)What ways are considered by Tesco to overcome the drawbacks of globalisation? Frequency Market Research10 Proper knowledge of legislations8 High skilled workforce6 Integration of Culture6 Interpretation: From the detailed investigation of the venture it has been recognized that There are various ways like 10 out of 30 individuals are go with statistical surveying, 8 individuals are supportive of appropriate learning of enactments, 6 individuals go with high gifted workforce and remaining individuals are agreeable to coordination of culture. these are considered by Tesco to conquer the downsides of globalization. 18 Market Research Proper knowledge of legislations High skilled workforce Integration of Culture 0 1 2 3 4 5 6 7 8 9 10 10 8 66 Frequency
Theme 8) In different manner global business environment affect operations of an organisation. Q8) In what manner global business environment affect operations of an organisation? Frequency Positive25 Negative2 Neutral3 Interpretation: From the correct investigation of the overview report it has been identified that 25 out of 30 individuals said that worldwide business condition emphatically influences the activities of an association.2individualsareagreeabletopessimisticeffectasindividualsimaginethat worldwide business condition does not have decidedly influences the tasks of an association. Remaining individuals are impartial with equivalent to they are not giving any sort of data in regards to the equivalent. 19 PositiveNegativeNeutral 0 5 10 15 20 25 25 23 Frequency
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Discussion The concept of Globalisation. As per the detailed evaluation of the research it has been discussed that globalization is characterized as a procedure of spreading the innovation, item, data and employment crosswise over national guest just as culture. In financial term, it is characterized as autonomy of countries around the globe so as to advance the unhindered commerce internationally. This thus contribute toward improving the way of life of poor and less created nations as it gives more prominent opening for work, improved access to merchandise or administrations and modernization. Yet, in spite of all these globalization likewise have a few weaknesses. The real disadvantage of globalization is that it annihilate the openings for work in increasingly created just as high pay nations as the generation of item or administrations are get moved to new nations. Be that as it may, aside from all these globalization bolster an association to extend its business activities over an enormous market and accomplish upper hand on different fronts. This is on the grounds that the working expenses get decreased by moving the assembling at abroad as associations can buy crude material all the more economically at another nations on account of decrease or expulsion of taxes. The benefits of globalisation on business functions of Tesco. As per the in-depth evaluation of the report it has been discussed that Herewith various welfares are gained through Tesco through globalising business operations thus Globalization assumes crucial job in building up the activities of firm at more elevated amount by development of business at worldwide dimension. Globalization is likewise successful in ad lobbing the tasks of firm through building up their activities at business focus. As a huge business association Tesco is worry over development of business at worldwide dimension to ad lib its training and fulfilment of higher development and market picture. Higher competing rewards is also an another key advantage which is gained through business, thusThis considered being the essential thought of a business to achieve higher position inside market to give high challenge to its adversaries. As a main retail organization Tesco is worry on directing viable development of business in regard to catching a wide region for accomplishment of higher position inside business focus. Access to advancement is also a major benefit , thus Globalizationiscompellingingivingbetterchancestotheorganizationsforextension 21
consequently Tesco has worry over applying progression in the tasks in regard to achieving higher development and long haul appropriateness inside market by catching a wide region. The drawbacks of globalisation on the businesses functions of Tesco organisation. As per the brief evaluation of the report it has been identified that drawbacks are considered to be the weakness of the firm which may affect the overall operations and performance of the firm. As a large business concern Tesco has faces various issues regarding the execution of global business operations thus company majorly faces the issue of tax and tariff. However this is the key issue that has direct influence over the performance of an organisation. Inequality, inflation are also considered to be the major issue of globalisation 22
Reflection & recommendation for alternative research methodology The investigation into consideration is depend over thebenefits and drawbacks of globalization upon investigation functions. This is an effective academic investigation that gives a large area of study regarding the chosen area of investigation and helps the investigator in enhnacing their idea and knowledge. As per the in-depth evaluation of the project it has been recommended that as a well reputed retail company Tesco should analyses the market condition and trends while exploring business functions, However it is effective in development of business functions at commercial centre. Company should also analyze the legal norms and polices for effective implementiang of organisational actions in viable manner. It is also required for a business to follow the business ethics in order to shortcomming the chance of issues and errors. Research methodology is evaluated as the most major portion of the exploration area thusly it recognize immense work in giving a basic course to investigator by the proper assortmentoftools.Researchtechniquehasincorporatedmultipletoolsthatsupportthe investigation in proper manner. The investigation in consideration is based on the type of qualitative research as it is the most effective tool for implementation of investigation in right track. As per my observation I have been considered that the researcher is concerned over using qualitative technique because it is the most appropriate selection of methodology for conducting and in detail investigation. In thispresentinvestigationinterpritivismPhilosophyisbeingtakenintoconsiderationby researcher as it is reliable way in providing valid information by analyzing the perspective of authors and writers who are having potential knowledge regarding the selected area of study further more in this inductive approach is being applied as it is most suitable to be for qualitative research and helps the researcher in accumulation of data through theories hypothesis as in this property theories are applied that are suitable for tattoos and area of along with this in this present investigation work both primary as Willis secondary told a plied by the researcher has these two are closely active in gathering reliable and accurate information for completion of the work from the entire analysis of the project I have also been considered that primary tools if active in conducting survey as on this information is being gathered by the researcher to preparing A questionnaire that is being filled throughthe chosen responsives on the other side Secondary tools was used through the researcher for administrating this section of literature 23
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review with the help of gathering data from books generals published research articles and previous investigations the work connected through the related area of work. Alternative research tool There are diverse optional tools for research methodology which assumes a vital function in a gathering of aggregation and data. Present research relies upon globalization and its effect on achievement of business. It is the management research that helps in give legitimate direction to student and increment their aptitudes or information in the executive’s zone. Under this, questionnaire has been utilized through a researcher so as to buildup huge information with least time-frame.Furthermore,interviewisbetterelectivetoolthatcanbeapplicableinan investigation for gathering essential information or data. In this, various inquiries can be posed through individuals in regards to chosen area of work. Interview is additionally a substantial tool however it is a tedious procedure and it isn't much valuable in accumulation of large range of information. In this, unselected inquiries are being posed through individuals about the picked region of research. In this, a personal round is notwithstanding, that is suitable in social event information through deciding the chosen people. 24
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Bird,B.andKopp,C.,2019.Globalisation.[Online].Availablethrough: <https://www.investopedia.com/terms/g/globalization.asp>. Carroll, S., 2019.Globalization is falling off the shelves at Tesco. [Online]. Available through: <http://lipperalpha.refinitiv.com/2013/10/globalization-falling-shelves-tesco/>. Pettinger,T.,2017.Costsandbenefitsofglobalisation.[Online].Availablethrough: <https://www.economicshelp.org/blog/81/trade/costs-and-benefits-of-globalisation/>. 26
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Appendix Questionnaire Name: Age: Gender: Email: Q1) Are you aware about the concept of Globalisation? Yes No Q2) Do you think that globalisation has impacted over the functions of an organisation? Agree Disagree Q3) What are factors that push a business to become globalised? Market Attractiveness Free Trade Saturation of Market Business opportunity Q4) What role does globalisation plays in promoting growth and development of a Retail Industry? Better Financial access Greater market Opportunity Easy access to market Approach to larger customer base Q5)What are the benefits of globalisation on business functions of Tesco? Improve business practices Higher competitive edge Access to advancement Q6) What are the drawbacks of globalisation on the businesses functions of Tesco organisation? Inequality Trade Imbalances 27