Globalisation and Business Success

This research project examines the impact of globalization on business success, focusing on Marks & Spencer, a leading UK retailer. It analyzes the concept of globalization, its benefits and drawbacks, and key factors influencing business growth. The project utilizes both primary and secondary research methods, including questionnaires and data analysis, to provide insights into the relationship between globalization and business performance.

Research Project

Table of Contents
Title: How globalisation can drive business success.......................................................................1
INTRODUCTION...........................................................................................................................1
Overview and Background of study.......................................................................................1
Research aims ........................................................................................................................1
Research Objective.................................................................................................................2
Research Questions................................................................................................................2
Rationale of study...................................................................................................................2
LITERATURE REVIEW................................................................................................................3
Concept of Globalisation........................................................................................................3
Main factors which contributes in business growth...............................................................4
Benefits of globalisation for Marks and Spencer...................................................................5
Major drawbacks of globalisation..........................................................................................6
RESEARCH METHODOLOGY.....................................................................................................7
DATA ANALYSIS AND INTERPRETATIONS...........................................................................8
RESEARCH OUTCOME..............................................................................................................16
REFLECTION AND RECOMMENDATION FOR ALTERNATIVE RESEARCH
METHODOLOGY........................................................................................................................17
Reflection ............................................................................................................................17
CONCLUSION .............................................................................................................................18
REFERENCES..............................................................................................................................20

Title: How globalisation can drive business success
INTRODUCTION
Overview and Background of study
Globalisation refers to integration of companies, people, government and economy of
two or more companies for the common purpose of mutual development. The concept have
increased number of opportunities for the companies who are executing their business activities
at international scale. These opportunities have ultimately raised profitability of the companies
by providing them chance to approach maximum number of customers (Noe and et. al., 2017).
Globalisation plays an essential role in the businesses growth of large scale companies who are
already operating their business at international market. The present research is based on Marks
and Spencer, a leading retail company of United Kingdom incorporated in 1884. This company
is mainly dealing in clothing sector. It is mainly popular among its customers for its high quality
product which are mainly manufactured and designed by targeting higher class people. The main
focus of this company is to always remain in priority of higher class people across the world.
Therefore, with this aim, the management team of Marks and Spencer is focusing on expanding
their presence in global market in effective manner. This can be done in effective manner by
operating business activities in well developed country in positive manner. In this regard, senior
management team of this company has planned to conduct an effective research on globalisation
which will help them in enhancing their command over the operational activities at international
market.
In this regard, aims and objective for this research are prepared by the researcher. These
will guide overall research team in conducting an effective research for Marks and Spencer in
right direction. Along with this, the research will also aware company about latest trends,
challenges, benefits and issues of globalisation which influences business growth of the company
as well as development in the economy of its country. With reference to this, aims and objective
for the research of Marks and Spencer on globalisation are defined as below:
Research aims
The aim for current research is on “To evaluate influence of globalisation on multinational
companies which leads to business success” A case study on Marks and Spencer.
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Research Objective
 To understand concept of globalisation.
 To identify various factors which contributes in business growth of Marks and Spencer.
 To evaluate benefits of globalisation for Marks and Spencer.
 To identify major drawbacks of globalisation which are faced by Marks and Spencer
while expanding their business at international scale.
Research Questions
 What is globalisation?
 What are the main factors which contributes in business growth of Marks and Spencer.
 What are the benefits of globalisation for Marks and Spencer.
 How drawbacks of globalisation affects business expansion of Marks and Spencer at
international scale?
Rationale of study
The main purpose of this research for Marks and Spencer is to increase their profitability by
improving their operational activities at international market with excessive knowledge on
globalisation and its influence over business. Another purpose of this company is to check that
how many people are aware about this company what are the actual perception of people towards
company. In academic concern this research will provide broad future study scope to learner as
they can develop their knowledge on the similar topic. Along with this, it will also develop
professional skill of academic learner which will allow them to identify future emerging
opportunities of this concept through which they can maximise their career growth. In context to
researcher, the main motive of investigator to enhance their knowledge about Marks and Spencer
and its operational activities at international scale. This will help researcher in working with the
similar company in future in their specific expertise zone. With reference to the personal level of
researcher, the research will help them in improving their own skills like communication,
negotiation skills etc. In addition to this, it has been analysed at professional level the research
will enhance number of growth opportunities for them as they are having more skills and
proficiency in the working activities by conducting research. In context of Marks and Spencer, it
can be said that this research will be helpful for company in understanding the concept of
globalisation for their company. As a result, it will improve their profitability by working at
international level. It has been analysed that if Marks and Spencer will grow then the researcher
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will also get opportunity for conducting similar kind of research for other companies which
ultimately improve their profits effectively.
LITERATURE REVIEW
Concept of Globalisation
As per the thoughts presented by Saeidi, (2015), globalisation is seen as the collaboration
or integration of businesses, government, people and economies for the common purpose of
development. Concept of globalisation emerged with many thoughts like changing of demands
of customer on the basis of trend of other nations, expectation of companies of earning more
profits by approaching much wider area, changing technology, etc. On the other hand the
concept can be seen as the thought of analysing overall world as the single market in which
business organisation working with each other by being dependent for raw materials and needed
resources for business operational activities. In addition to this, it can be said that it is the merge
up of companies, society, technology, people, services, product, ideas, information and capital. It
can be said that stated concept is broad in size which includes many things for improving overall
lifestyle of people across the world (Kang, Alejandro and Groza, 2015). Along with this, it has
been observed that globalisation support companies in executing their business activities with the
preferred company which can improve their financial profitability and also develops many
business related opportunities for them. It also leads to business growth of the company in native
as well as international market.
Apart from this, it has been analysed that concept of globalisation has raised expectation
of customers as they are getting more number of options which can satisfy their needs and
expectation. It has also influenced companies like Marks and Spencer to bring more innovation
in the market in order to remain competitive among competitor and get customer support. As a
result, for grabbing attention of customers, the main efforts of companies to provide high quality
products to customers at low price. With the aim of this strategy maximum international scale
companies provides innovative product to customers. Along with this, these companies also
takes some initiative steps for influencing interest of customers and persuading them to remain
loyal with company for longer period of time (Bossle and et. al., 2016). This can be well
understood with an example of Marks and Spencer. The company owns good brand image at
international market but still management team of this company takes regular based feedback
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from its customers in order to check their rating under customer’s perception. As a result, this
evaluation provides opportunity to company to improve its brand image among customers in
case it is damaged or harmed due to some incident or past experiences.
Main factors which contributes in business growth
On the basis of viewpoints of Taylor, (2017), it has analysed that there are numerous of
factors which influences and contributes business growth of large scale companies. It can be said
that main motive of every organisation is to generate high range of profits so that they can lead
market place in effective manner. Along with this, their another motive is to improve their
sustainability at market place with the support of customers. It has been evaluated that ultimate
benefit of this to the company is increasing monetary profits to them that could consider as a part
of business growth (Dijkman and et. al., 2015). On the basis of overall analysis, it has been
evaluated that there are some basic factors which simply influences business growth of every
kind of organisation no matters they belongs to which level that means either large scale or small
scale. Main of these influential factors are defined as below:
Behaviour and Personal trait of company: It is the first and foremost factor of the
research which clearly focuses on behaviour and trait of company’s leader who is leading
company in effective manner. For example: Education and capabilities of top management team
of Marks and Spencer helps company in leading market. Along with this, it also guides leader in
utilising available resources in a effective manner so that its aims and objectives can be obtained
in quick manner (Salvioni and Gennari, 2017). As a result, all of them collaboratively works
together which leads to success of the company in effective manner.
External factors: It includes various factors which are out of control of company and its
management team. External factors for Marks and Spencer includes culture, economic and
political condition of countries in which the company is operating its business activities. It can be
said that if all of these factors are positive towards the company then it easier for them to work
effectively in preferred country which also helps them in leading to chosen market place in
effective manner. On the other hand, it has been analysed that changes which took place might
also affect negatively if they are not developed into the favourable condition of company the it
will definitely resist its business growth.
Structure of business and its management team: Business structure of Marks and
Spencer and its management team can be seen as an essential factor which leads to business
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growth. It can be said particular business format of company guides its management to work in a
specific direction (Surugiu and Surugiu, 2015). This structure also influences its decision making
process of company. Therefore, it can be said that if employee of this company follows its pre
settled business structure then it is easier for them in achieving their personal as well as
organisational goals and objective which leads to business growth of company.
As per the above specified different factors it can be said that all of these factors grows in
a positive direction then they contributes in quick achievement of goals and objectives and leads
to business success. In context of Marks and Spencer, it can be said that for this company
Globalisation has impacted positively as they are now eligible to approach more number of
business opportunity. At global level, the company can also enter into new sector for enhance
their product portfolio. As a result, chances of their growth in terms of profitability at global
level in much more high.
Benefits of globalisation for Marks and Spencer
According to the perception of Stenning, (2016) it has been analysed that concept of
globalisation has improved business functioning of large scale companies and developed
opportunities them will help them in becoming successful at market place. For example: A well
known retail company named as Marks and Spencer dealing in clothing and other sector of
United have gained numerous of benefits with the concept of globalisation. Some of the main
benefits for globalisation for Marks and Spencer are defined as below:
Increase in number of customers: The first and foremost benefit of globalisation for
Marks and Spencer can be seen in raise in number of customers. It can said that with the concept
of globalisation Marks and Spencer could approach to its desired customer zone in preferred
country. This will also allow them to use best feasible option to influence interest of maximum
number of customers so that they could remain loyal to the company for longer period of time.
Enhancement of business opportunities: Another method of globalisation for Marks
and Spencer and other large scale companies who are operating business opportunities at
international scale is quick raise of business opportunities in wider business zone. It can be said
that Marks and Spencer can operate its business related work in their own choice of country.
Along with this, they also gets chances to grab foreign culture which could give them additional
business ideas. Thus, it can be said that globalisation increases number of business opportunities
for Marks and Spencer.
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Brings best technology and talent to company: Globalisation have provided
opportunity to business organisation in the sense they can approach advance technology and
talented employees who could work effectively for company and leads to generate more profits
for the organisation (Hotho, 2015). Along with this, a talented employee work more effectively
and contributes in improving business functioning of company. As a result, company grows
more rapidly with the fresh talent and technology effectively.
All of the above stated benefits stated that impact of Globalisation is positive for Marks
and Spencer as they are able to approach more customers, latest technology, grab business
opportunities and many other things positively. By using all of this, company can easily improve
its sales performance and generate high revenue in international market.
Major drawbacks of globalisation
As per the point of view of Macchion, Danese and Vinelli, (2015) it has been analysed
that although globalisation offers a number of opportunities to companies while facilitating
expansion in new countries, it also has certain constraints which need to be kept in consideration
by organisations. In this regards, one of the biggest threats associated with this concept is
diversity in cultural backgrounds of the domestic and international markets. For instance: Marks
& Spencer is a multinational corporation based in UK and thus the core values as well as
majority of staff belongs to this nation and has the cultural values and norms pertaining to this
nation. While facilitating expansion into new emerging markets, it is necessary for this enterprise
to analyse the similarities and differences between domestic and host country and provide
training facilities to their employees so that they can be equipped with the necessary values,
practices, traditions and norms of this nation. Further, another big constraint while tapping the
advantage of opportunities associated with globalisation is linguistic barrier as the languages of
both the nations would be different (Stenning, 2016). Thus, it is necessary that while facilitating
expansion into new countries, an enterprise either recruits personnel from that nation only or
provide linguistic training to them if their native language is distinguished from that of the host
market.
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RESEARCH METHODOLOGY
For the current study, research onion framework has been used by investigator which
includes numerous of layers. Some of the main layer for the study has been stated as below:
Research Philosophy
It refers to the belief of researcher which shows that the pattern in which information is
gathered, analysed and opted for the study. Types of research philosophy is divided into two type
such as positivism and interpretivism. For current study, interpretivism have been adopted by
investigator as it is helpful in finding out valuable information from the collected data with the
help of interpretation.
Time Horizon
It refers to the overall time which have been consumed for conducting this research
effectively. In context of present research, investigator have used cross sectional studies as in this
information is collected at once for answering formulated research questions
Ethical issues
It is essential for researcher to follow some core ethics of research in order to make their
researcher free from any obstacle. For conducting an effective research it is mandatory for
researcher to take permission from the respondent before using their information. Along with
this, researcher are required to collected data for research only they can not give this data to any
one else.
Primary Research: Primary research is a methodology by which investigators collect
data from the main source directly and they do not depend upon previous data or information. It
is important for solving the certain problems, which is necessary in depth analysis. In includes in
several methods in order to collect good data these are face to face interview, online surveys,
focus on groups and observations (Surugiu and Surugiu, 2015). These are most important
methods where data is collected from first hand and accurate so that it is easiest way for making
good report in a effective manner. Therefore, it is important for the researchers in order to make
good report.
Secondary Research: Secondary research is the methodology in which the researcher
uses the data or information that is already available. This data is collected and gathered for the
enhancement of overall productivity and effectiveness of the project. The secondary data is
collected from websites, magazines, library, data of surveys, etc. It is a cost effective data
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collection for making the use of available data (Grayson and Hodges, 2017). It is also involves
in some methods such as data availability on the internet, government and non government
agencies, public libraries and educational institution etc. Therefore, it is easy for identifying the
main topic of research and also determined good research sources in a effective manner.
In the following given research, the researcher has used secondary as well as primary
method for collection of data in order complete research on chosen topic in effective manner.
Quantitative Research: Quantitative research is the research which uses the statistical
and numerical data. The quantitative data collection can include various methods which results in
numerical values. Some common examples of quantitative data collection strategies include
experiments and clinical trials, surveys, interviews and questionnaire which collect data by using
close ended questions. The main advantage of using quantitative data is that numerical results in
data which is statistically analysed.
Qualitative Research: A qualitative research is the process of in-depth understanding of
the phenomena. This research method is the primarily exploratory research and it is used for
gaining the understanding of different opinions, reasons and motivations. This research is used
for uncovering trends in opinions or thoughts. There are some common methods for qualitative
research such as focus groups, individual interviews, and observations, etc.
In the current research, the investigator has used the quantitative research method and it
is adopted by the investigator for identifying the data correctly and correctly doing the data
analysis. The statistical analysis of data will help in getting more accurate results.
Sampling: In the present research, random sampling method has been chosen by
investigator for finalising respondents from the population size (Berger and et. al., 2015). For
this research for research 30 respondents has been selected who are stakeholder of Marks and
Spencer.
DATA ANALYSIS AND INTERPRETATIONS
Questionnaire
Q 1) Are you aware with the concept of Globalisation?
a) Yes
b) No
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Q 2) What are the main factors that have resulted to globalisation?
a) Variation in tax rate
b) Changes in technology
Q 3) What are the benefits of globalisation for Marks and Spencer?
a) Increases customer
b) Raises profitability
c) Enhances number of opportunities
Q 4) Do you think, products of Marks and Spencer are really expensive?
a) Agree
b) Disagree
Q 5) As per your perception, business expansion at global scale will increase profitability of
Marks and Spencer?
a) Yes
b) No
Q 6) What are the drawbacks of globalisation faced by Marks and Spencer while expanding its
business at international scale?
a) Cultural barrier
b) Language barrier
c) Hiring new staff
Q 7) Do you think, concept of globalisation is helpful for small scale companies?
a) Agree
b) Disagree
Q 8) In which manner globalisation influences operational activities of the company?
a) Positive
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b) Negative
Q 9) Which age group is mainly using product of Marks and Spencer?
a) 9- 18 years
b) 18- 35 years
c) Above 35 years
Q 10) Provide some recommendation to Marks and Spencer by which its profitability can be
enhanced.
Theme 1: Concept of Globalisation
Q 1) Are you aware with the concept of Globalisation? Frequency
a) Yes 22
b) No 8
Interpretation: Globalization is the process of gaining excellent position for goods and
services at the international marketplace. It minimize the effect of national boundaries as per the
discouragement for trading materials. It has a large multinational corporations which are the
biggest player in an organisation. In this process of globalization companies can manufacture and
sell their product or goods in a variety of various countries. As per the above representative
graph it has been concluded that 22 out of 30 respondents are satisfied with the awareness of
globalisation because its provides different types of languages as per the international
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relationships with different countries. Whereas 8 out of 30 respondents are dissatisfied with the
awareness of globalisation because they are not aware about new technologies and culture.
Theme 2: Main factors which have resulted to globalisation
Q 2) What are the main factors that have resulted to globalisation? Frequency
c) Variation in tax rate 14
d) Changes in technology 16
Interpretation: According to the above specified graph, it has been analysed that out of
30, 14 people have stated that main factor which have resulted in globalisation is variation in tax
rate. This simply reflects that differentiation in the tax directly impacts over globalisation as
every country has different interest rate. On the other hand remaining 16 people have stated that
major reason for globalisation is changes in technology. These people have stated reason for
their perception that technology helps individual in performing their job responsibility in more
effective manner. More advance technology influences interest of companies as well as its
citizen to approach similar technology in order to simplify their work in effective manner.
Theme 3: Benefits of globalisation for Marks and Spencer
Q 3) What are the benefits of globalisation for Marks and Spencer? Frequency
a) Increases customer 8
b) Raises profitability 9
c) Enhances number of opportunities 13
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Interpretation: Globalisation plays a very essential role in the Marks&Spencer because
there are lot of benefits like globalisation helps to M&S in encourages procedures and customers
benefits from, high division of labour and scale of economy. Globalisation helps to reduce
monopoly from the competitive markets in order to earn profits and incentives as well as
increase the future growth of the company in a effective manner. According to the above
representative graph it has been concluded that, 8 out of 30 respondents are satisfied with the
increase customers benefits because it enhance the brand value of M&S. 9 people are agree with
the term of raise profitability because it helps the M&S in order to gain more and more profit by
give the good quality of product, whereas, 13 respondents want to increase number of
opportunities in the M&S marketplace in order to increase value of the brand.
Theme 4: Products of Marks and Spencer are really expensive
Q 4) Do you think, products of Marks and Spencer are really expensive? Frequency
a) Agree 25
b) Disagree 5
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Interpretation: Product of Marks & Spencer are really very good but some product of
this company are expensive because M&S makes a good quality of product whether the food or
clothes as it is famous multinational brand so that it is expensive some time but it also gives the
different shape and design of clothes and also bring different taste of food which attracts the the
customers in a effective manner. As per the above representative graph it has been identified
that, 25 out of 30 respondents are very much satisfied with the high price of the products in M&S
because as its provide various variety of clothes and food or beverages in the market. Whereas 5
respondents are not agree with the expensive product because some people are not able to
purchase anything from M&S brand.
Theme 5: Business expansion at global scale will increase profitability of Marks and
Spencer
Q 5) As per your perception, business expansion at global scale will
increase profitability of Marks and Spencer?
Frequency
a) Yes 21
b) No 9
Interpretation: Business expansion at global scale will enhance the profitability of
M&S, if company will extend their business then it can increase their future sales and market
share in a high level of scenario. On the basis of market expansion globally company can easily
increase their profits in a good manner as per the business concern. Global environment will
encourages the M&S business at a high level so that it is easy for making strong relationship
with the customers in a positive manner. According to the above representative graph it has been
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analysed that 21 out of 30 respondents are highly satisfied because if M&S will extend their
business globally then customer can easily address the company. 9 respondents are dissatisfied
because they are not much aware about the brand.
Theme 6: Drawbacks of globalisation faced by Marks and Spencer while expanding its
business at international scale
Q 6) What are the drawbacks of globalisation faced by Marks and Spencer
while expanding its business at international scale?
Frequency
a) Cultural barrier 10
b) Language barrier 11
c) Hiring new staff 9
Interpretation: There are various drawbacks which is faced by M&S while expending
their business in order to inequality, inflation, lot of treats to the global commons, unemployment
and standardisation these factors affects M&S so that some times they faces lot problems to
establishing their business in a international scale. According to the above representative graph,
it has been analysed that 10 out of 30 respondents are satisfied with culture barriers because they
are living this type of culture that is good for them. 11 respondents are agree with language
barrier because they want different language in the area so that they can easily approach the
company. At last 9 people want from company to hiring a new staff members for increase the
development of an organisation.
Theme 7: Concept of globalisation is helpful for small scale companies
Q 7) Do you think, concept of globalisation is helpful for small scale Frequency
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companies?
a) Agree 26
b) Disagree 4
Interpretation: Positive aspects of globalisation is very helpful for the small scale
business organisation because it have a great impact with the product of an organisation.
Globalisation also helps in making good relation with the customers in order to achieve set goals
and objectives in a good way. As per the above representative graph it has been identified that 26
out of 30 respondents are satisfied with the concept of globalization is a helpful aspect for the
small level industry because it helps in offering to various variety of product with affordable
price. Wherein, 4 respondents are not agree with term of globalisation is good for small level
companies because they are not aware or they don't have much knowledge about it.
Theme 8: Globalisation influences operational activities of the company
Q 8) In which manner globalisation influences operational activities of the
company?
Frequency
a) Positive 22
b) Negative 8
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Interpretation: Globalization influences some operational activities of the company in a
negative or positive way because globalisation make some changes for an organisation that can
be used an operation strategy that includes in global sourcing, economic of scale, scanning and
learning and research and development. As per the above representative graph it has been
concluded that 22 out of 30 respondents are agree with positive term because globalisation has
heavily impacted on various operational activities of the Marks and Spencer in a good manner.
Whereas, 8 respondents are taking negatively of globalisation impact because they are not agree
with the activities of the company so that M&S faces some negativity in order to achieve goals
and objectives.
Theme 9: Age group is mainly using product of Marks and Spencer
Q 9) Which age group is mainly using product of Marks and Spencer? Frequency
a) 9- 18 years 7
b) 18- 35 years 15
c) Above 35 years 8
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Interpretation: Age group is mainly using various products of Marks and Spencer
because company makes different types of clothes for various age group, so that customers can
easily get those product which they want. On the basis of this Marks and Spencer company is
able to achieve targeted goals and objectives in a effective manner. As per the above
representative graph it has been analysed that 7 candidates from 9-18 years are satisfied with the
company's variety of clothes. 15 respondents from 18-35 years are satisfied because M&S fulfil
their customer needs in a effective manner. Lastly, 8 respondents from above 35 years are also
agree with the company as it offer good product with good price in order to gain more profit in a
efficient manner.
RESEARCH OUTCOME
On the basis of above conducted research for Marks and Spencer, it has been identified that
concept of globalisation have improved growth of businesses as well as economy. This research
has also explored that Globalisation provides numerous benefits to customers. Along with this, it
has been identified that there are some main factors such as structure of company, its
management team, external factors and behaviour and personal traits of company helps chosen
organisation that is Marks and Spencer and other large scale organisation in growing their
business at highest level (Thrift and Amin, 2017). Apart from this, it has been identified that
globalisation has brought up various benefits for the company which have equally contributed in
business growth of the company. Some of the explored main advantage for this company
includes increase in number of customers, enhancement of business opportunities and also brings
best technology and talent to company. Furthermore, it has been explored that globalisation has
also brought some main disadvantages to the company. Main among them includes cultural
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barrier, communication gap, corporation at international scale and management of new hired
staff belonging to different cultures.
On the basis of this, some of the core recommendations are provided to Marks and
Spencer by which this company can enhance its profitability in effective manner. All of these
recommendations are described as below:
 At first, it is recommended to the Marks and Spencer to conduct some training session for
its employees who are working at international scale. This will develop skills of
employees and maximise their working capability. As a result, it provide benefits to the
company itself in terms of success at international market.
 At next, it is advised to Marks and Spencer to hire at least one or two individual of top
management team from the specific country where they are expanding their business.
This will help company in enhancing their knowledge on the local culture of the chosen
country. As a result, they will be able to lead this market effectively with support of
localise based management team.
REFLECTION AND RECOMMENDATION FOR ALTERNATIVE
RESEARCH METHODOLOGY
Reflection
As pet overall analysis of this research, it has been realised that globalisation is the broad
concept which cannot be judged into a single topic. Therefore it is required by every individual
who is trying to understand it, to give appropriate time for enhancing their knowledge on the
same topic in effective manner. On the basis of my overall experience, I gone through variety of
experiences which have realised by me that in some areas I was really good but at the same time
remaining other areas are required to be developed by me. In the present scenario, I have
conducted res0065arch for Marks and Spencer, a well known retail company which provides its
product and services across the world. At the starting stage of this research, I thought that it is
easy to conduct research for this large brand name as it is popular and people know about it. But
when i have actually started this research I have realised that even though people are aware about
it but still they do not want to invest their time in providing relevant data to complete this
research in effective manner. Along with this, I have realised that provided time and money for
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this research were not sufficient as I was not able to grab information about company and chosen
topic within this much limited in effective manner. Thus, it created challenge for me to complete
this research in less time without comprising with its authenticity. So, I have chosen method of
collecting data from secondary method in order to collect best feasible data in less time.
Research have also developed my communication skill and brought a new confidence in my
personality which has helped me conducting best research. It has improved my knowledge on
globalisation as well as company. Therefore, It can be said that in future whenever I will get
opportunity to conduct similar kind of research, I will definitely use my develop raised skills for
conducting an effective research with feasible outcome which will satisfy requirement of the
company.
Alternative methods:
Every situation has an alternative method which helps them in performing the same task in
more effective manner. In the present research scenario, it has been analysed that researcher have
adopted method of questionnaire which have helped them in collecting information from the
sample population. This chosen method was one of the open ended method in which researcher
asks some question from respondents who simply answers each question from the provided
option. This was good but still does not allow respondents to share their actual thoughts. Thus,
for conducting an more relevant research, investigator could have used another method that is
interview. In this, research can ask clear cut questions from respondents who are completely free
to answer each and every question on the direction of their choice. It can be said that this method
is time consuming but still it has its own benefits as well. This method will definitely provide
actual knowledge and perception of respondent to the researcher by which the can easily conduct
an effective research for the company and also find out true outcome for them.
CONCLUSION
From the above specified research report, it has been concluded that globalisation is a kind
of broad concept which cannot be covered in the single research. It has been analysed that this
concept have developed numerous of benefits for companies who are performing their business
activities at international scale. Further, it has been realised that concept of globalisation has
impacted positively upon the business growth of the company. At the same time, it has been
identified that this similar concept also contains some risk which made suffer many businesses.
In the present research, it has been identified that both the primary and secondary method of data
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collection are helpful for researcher in completing the research in provided time limit. In the
primary method, investigator have used questionnaire in which 9 questions were formulated so
that respondents information can be collected from it. Whereas, in secondary method have
selected Books, journals, online articles and many other were used. In addition to this, section of
data analysis has been done on basis of qualitative methods as it is completely based on human
perception and avoids chances of vague outcome. From the overall evaluation, it has been
identified that globalisation has not only developed opportunities for companies but it has raised
chances of growth for individuals to. Along with this, these individuals can collaboratively raise
national economy with the emerged opportunities. Thus, it is concluded that this common
concept is beneficial for all companies, customers, countries as well as individual.
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REFERENCES
Books and Journals
Noe, R. A., and et. al., 2017. Human resource management: Gaining a competitive advantage.
New York, NY: McGraw-Hill Education.
Surugiu, M. R. and Surugiu, C., 2015. International trade, globalization and economic
interdependence between European countries: implications for businesses and
marketing framework. Procedia Economics and Finance. 32. pp.131-138.
Grayson, D. and Hodges, A., 2017. Corporate social opportunity!: Seven steps to make
corporate social responsibility work for your business. Routledge.
Netland, T. H., 2016. Critical success factors for implementing lean production: the effect of
contingencies. International Journal of Production Research. 54(8). pp.2433-2448.
Berger, R., and et. al., 2015. Analyzing business-to-business relationships in an Arab
context. Journal of World Business. 50(3). pp.454-464.
Thrift, N. and Amin, A., 2017. Neo-Marshallian nodes in global networks. In Economy (pp. 159-
175). Routledge.
Sloman, M., 2017. A handbook for training strategy. Routledge.
Epstein, M. J., 2018. Making sustainability work: Best practices in managing and measuring
corporate social, environmental and economic impacts. Routledge.
Laszlo, C. and Cescau, P., 2017. Sustainable value: How the world's leading companies are
doing well by doing good. Routledge.
Rottig, D., 2016. Institutions and emerging markets: effects and implications for multinational
corporations. International Journal of Emerging Markets, 11(1), pp.2-17.
Amran, A., and et. al., 2015. The impact of business strategies on online sustainability
disclosures. Business Strategy and the Environment. 24(6). pp.551-564.
Eriksson, K., and et. al., 2015. Experiential knowledge and cost in the internationalization
process. In Knowledge, Networks and Power (pp. 41-63). Palgrave Macmillan, London.
Ulrich, D. and Dulebohn, J. H., 2015. Are we there yet? What's next for HR?. Human Resource
Management Review. 25(2). pp.188-204.
Terjesen, S., Hessels, J. and Li, D., 2016. Comparative international entrepreneurship: A review
and research agenda. Journal of Management. 42(1). pp.299-344.
Santos, F., Pache, A. C. and Birkholz, C., 2015. Making hybrids work: Aligning business models
and organizational design for social enterprises. California Management Review. 57(3).
pp.36-58.
Zajda, J., 2015. Globalisation and its impact on education and policy. In Second international
handbook on globalisation, education and policy research (pp. 105-125). Springer,
Dordrecht.
Ramadani, V., and et. al., 2015. The context of Islamic entrepreneurship and business: Concept,
principles and perspectives. International Journal of Business and Globalisation. 15(3).
pp.244-261.
Pinner, R.S., 2016. Reconceptualising Authenticity for English as a Global Language by Richard
Pinner is a timely volume for both researchers and practitioners of the English language
to reconsider the concept of authenticity from the perspective of English as a global
language. Multilingual Matters. 208. pp.29-95.
Witcher, R., 2015. Globalisation and Roman cultural heritage. Globalisation and the Roman
world: world history, connectivity and material culture. pp.198-224.
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