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Research Proposal Form Student Name: ______________________StudentID: ____________ Centre Name:_____________________ Tutor:________________Date: ___________________ Unit:____________________ Proposed Title:______________________________________________ Section One: Title, objective, responsibilities Title or working title of the research project: Topic:Toinvestigatedifferentstrategiesthatcanbeemployedby businessesforenteringintoSouthKoreamarketsinthecontextof retail sector.A study on Sainsbury Plc Background of the study Globalization is the process of the organization in which they develop influence or start operating on the international scale. Firm operating in the retail industry in UK also looking to globalize their operation as it helps them in increasing the market area coverage and also increasing the customer base of the organization. As there is a high level of competition in the retail industry so that globalization helps business in sustaining the same. For this proposal, Sainsbury Plc has been selected which is the second largest chain of supermarkets in the United Kingdom, with a 15.3% share (Beck, 2018).Headquarter based at33Holborn,London,EC1, United Kingdom.This study will highlights the different strategies which can be used by the organization at the time of entering into South Korea market and out of them which are the best for the organization on the basis of the benefits and drawback offered by all the strategies. Research objectives Aim:To ascertain different strategy which can be used by Sainsbury for entering into South Korea market. Objectives: To analyse the trend of globalization with regards to exploring operations in South Korea. To analyse different entry options for Sainsbury. To identify challenges that Sainsbury may face at the time of entering into new market. To recommend the best mode of market entry for Sainsbury. Research questions: What is the trend of globalization are with regards entering in South Korea market? What are the different entry modes available for the Sainsbury to enter into South Korea
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market? What are the different benefits and drawbacks of different entry mode? Which is the best entering strategy available to Sainsbury for entering into a South Korea market? Section Two: Reasons for choosing this research project Reasons for choosing the project In the era of the globalization almost all the organization is looking to enter into global market but they are not able to select the best strategy to enter into the global market. The big reason for them is that all the strategy used to offer different sort of benefit and drawbacks to the organization. Sainsbury is finding it difficult to understand the best strategy available for the organization, this report will help the organization in understanding the same as it will put light on the different strategy available for the organization and what are the benefits and drawback associated with the same. Section Three: Literature sources searched As per the view point of Tulung, (2017), in the era of globalization all the organization are keen to enter into South Korea market. As it offers the variety of the benefit to the organization and also proves a key factor in the success of the organization. Globalization is the process of integration and interaction among people, companies and government worldwide. The big reason behind the globalization growth is the advancement in the transportation and communication technology. Organization uses many different strategy to enter into the new market as the benefit offered by all the strategy are different from each other. In the thought of Machi and McEvoy, (2016), Buying a company is the most common strategy which is used by the organization to enter into South Korea market in which organization tend to buy an existing local company in the South Korea market, the most common benefit which is enjoyed in this strategy is that it brings the sustainable market share for an organization. At the same time it is one of the most expensive strategy as it requires a huge amount of finance. Joint Venture is another strategy which is used by the organization to enter into South Korea market in which third organization is created on the mutual agreement of both the company. Biggest benefit which is enjoyed by an organization in this strategy is that it helps the business in betterment of internal resources and also the level of the risk and cost is shared by two parties. Clash of culture is the biggest drawback which is seen in the Joint venture method as both the organization used to work in different culture. As per the view point of Tulung, (2017) Licensing is another strategy which is used by the organization in which organization grant permission to the local company to use product or service of an organization. This is one of the most inexpensive strategy for an organization and also bring sustainable market share for an organization. At the same time this strategy requires the good demand of the product in the South Korea market so that it attracts the local company. Klapper and Love, (2019) suggest that the organization looking to enter into south Korea has to make sure thatfirm-level corporate governance provisions matter more insouth Koreacountry as compare to the other country. Klement, ( 2019)highlights that Shiller-PE is a reliable long-term valuation indicator for developed and emerging markets, so organization can take the help of the same to predict real returns on local equity markets over the next five to ten years. Section Four: Activities and timescales Mentioned below: Milestone one:___Data collection __1 / 12 / 2019____________
Target date (set by tutor):__________________ Milestone two: _____Data analysis ___25 / 12 / 2019_______________ Target date (set by tutor):______________________ Time Line TimePeriod (in days)Actions StartFinish Activity Thu 10 / 24 / 19Wed 10 / 30 / 19 5Identification Sourcingof Research Topic Activity Thu 10 / 31 / 19Tue 11 / 5 / 19 4DraftingSourcing ofResearch Aim and Objectives ActivityWed 11 / 6 / 19Wed 11 / 13 / 196Proposal drafting Activity Thu 11 / 14 / 19Tue 11 / 26 / 19 9Writing LR using books and journals related to globalization and different entry modes Activity Thu 11 / 14 / 19Fri 11 / 22 / 19 7Selection of Research tools and techniques Activity Wed 11 / 27 / 19Tue 12 / 3 / 19 5Developingment of Questionnaire Activity Wed 12 / 4 / 19Fri 12 / 13 / 19 8Collection of Primary Datavia survey Activity Mon 12 / 16 / 19Thu 12 / 19 / 19 4Proper structuring of the gathered dataset Activity Fri 12 / 20 / 19Fri 12 / 27 / 19 6Analysis of Primary Data ActivityMon 12 / 30 / 19Tue 12 / 31 / 192Recommendation
of strategy Activity Mon 12 / 30 / 19Tue 12 / 31 / 19 2Drafting conclusion ActivityWed 1 / 1 / 20Thu 1 / 2 / 202Final Formatting Activity Fri 1 / 3 / 20Fri 1 / 3 / 20 1Taking feedback from Tutor ActivityMon 1 / 6 / 20Mon 1 / 6 / 201Final Submission Gantt Chart Section Five: Research approach and methodologies Research Type:In the field of research, there are two type of the research typewhichisgenerallyusedbytheresearchernamelyquantitativeand qualitative (Kumar, 2019).In order to assess the entry strategies for Sainsbury in relation to entering into anSouth Koreamarket qualitative research method will be conducted by the scholar. The reason behind the selection of this type is that issues cannot be described or evaluated in numeric format. Research Approach:Specifically, inductive and deductive are the main two Approach which can be undertaken by the scholar for investigation purpose. ResearcherwillbeusingInductiveapproachasitprovescrucialforthe
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Qualitative research. Research philosophy:Interpretivism and Positivism are two common type ofthephilosophywhichplaysacrucialroleforresearcherinachievingthe research Aim. Researcher will be using Interpretivism philosophy as it highly suits to the research type selected. Data collection:For conducting the research there are two type of data collectionmethodwhichcanbeusedbyresearchersuchasprimaryand secondary method. In order to assess suitable entry mode for Sainsbury data will gathered from both primary and secondary sources. In the context of primary datacollectionsurveywillbeconductedbythescholaron10managersof Sainsbury via questionnaire. Secondary data will be collected with the help of the different books and journal related to the study topic. Sampling:Convenience sampling, Simple Random Sampling and Stratified Samplingare three type of sampling method which can be used by the research For achieving the objective of the research. Researcher will be choosing simple randommethodfordeterminingthesuitablesolutionofresearchissue,10 managerofSainsburywillbeselectedbyscholarusingpurposivesampling technique. Data Analysis:Researcher will be taking the help of the thematic data analysis tool to analysis the primary data collected from the survey. Ethical consideration:For complying with ethical aspects consent will be taken from participant. Data collected will be maintained with the high level of confidentiality. Researcher will also make sure that data collected is not shared with any one Comments and agreement from tutor Comments (optional): Iconfirmthattheprojectisnotworkwhichhasbeenorwillbe submitted for another qualification and is appropriate. Agreed: ________________ (name)_______________ Date ______________ Comments and agreement form project proposal checker( IV sampling) Comments (Optional): I confirm that the project is appropriate. Agreed/Disagree:(NameoftheIV) Date
REFERENCE Books and Journal Beck, U., 2018.What is globalization?. John Wiley & Sons. Hitt, M. A., Li, D. and Xu, K., 2016. International strategy: From local to global and beyond.Journal of World Business. 51(1). pp.58-73. Kumar, R., 2019.Research methodology: A step-by-step guide for beginners. Sage Publications Limited. Machi, L. A. and McEvoy, B. T., 2016.The literature review: Six steps to success. Corwin Press. Tulung, J. E., 2017. Resource Availability and Firm’s International Strategy as Key Determinants Of Entry Mode Choice.Jurnal Aplikasi Manajemen. 15(1). pp.160- 168. Online Klapper and Love. [ONLINE] Available through: <https: // papers.ssrn.com / sol3 / papers.cfm?abstract_id=303979> Klement, J., 2019. Does the Shiller-PE Work in Emerging Markets?. [ONLINE]. Available through:< https: / / papers.ssrn.com / sol3 / papers.cfm?abstract_id=2088140>.
Research Ethics approval form All students conducting research activity that involves human participants or the use of data collected form human participants are required to gain ethical approval before commencing their research. Please answer all relevant questions and note that your form may be returned if incomplete. For further support and guidance please see your respective Unit Tutor: Before completing this form, we advise that you discuss your proposed research fully with your unit tutor. Please complete this form in good time before your research project is due to commence. Section 1: Basic details: Project title: Student name: Student ID number: Programme: College Name: Intended research start date: Intended research end date: Section 2 Project summary Please select all research methods that you plan to use as a part of your project: InterviewsYesNo QuestionnairesYesNo ObservationsYesNo Use of personal recordsYesNo Data AnalysisYesNo Action ResearchYesNo Focus GroupsYesNo Others(Please specify) : Section 3:Participants Please answer the following questions, giving full details where necessary. Will your research involve human participants? Who are the participants? Tick all that apply: Ages 12-16:Young people aged:17-18Adults: How will participants be recruited (identified an approached)?
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Describe the processes you will use to inform participants about what you are doing: How will you obtain consent from participants? Will this be written? How will it be made clear to participants that they may withdraw consent to participate at any time? Studies involving questionnaires: will participants be given the option of omitting questions that do not wish to answer? YesNo If no please explain why below and ensure that you cover any ethical issues arising from this Studies involving observation: Confirm whether participants will be asked for their informed consent to be observed. YesNo Will you debrief participants at the end of their participation (i.e give them a brief explanation of the study)? YesNo Will participants be given information about the findings of your study?(This could be a brief summary of your findings in general) YesNo Section 4: Data Storage and Security Confirm that all personal data will be stored and processed in compliance with the Data Protection Act (1998)
YesNo Who will have access to the data and personal information? During the research: Where will the data be stored? Will mobile devices such as USB storage and laptops be used YesNo If Yes, please provide further details: After the research: Where will the data be stored? How long will the data and records be kept for and in what format? Will data be kept for use by other researchers?YesNo Section 5 : Ethical Issues Are there any particular features of your proposed work, which may raise ethical concerns? If so, please outline how you will deal with these: It is important that you demonstrate your awareness of potential risks that may arise because of your research.Please consider / address all issues that may apply. Ethical concerns may include, but are not limited to the following : Informed consent. Potentially vulnerable participants. Sensitive topics Risk to participants and/ or researchers Confidentiality / anonymity Disclosures /limits to confidentiality Data storage and security, both during and after the research (including transfer, sharing, encryption, protection). Reporting Dissemination and use of your findings. Section 6: Declaration I have read, understood and will abide by the institution’s Research and Ethics Policy:YesNo I have discussed the ethical issues relating to my research with my Unit Tutor: YesNo I confirm that to the best of my knowledge:
Theaboveinformationiscorrect, and thisis afulldescriptionof the ethical issues that may arise in the course of my research Name:Date: Please submit your completed form to your tutor and also attach to the Research Proposal when submitting to Turnitin.