Globalization's Impact on Business Organizations: A Research Project

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Research Project: Analysis of the Impact Created by the
Globalization over the Organizations
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Abstract
The research project provided the different specific steps and measures involved in conducting
the research study in a perfect way. The topic of the research can be developed with the help of
establishing the research background and also adhered to the strategies that would ensure smooth
execution of the different activities that established the concepts of globalization impacting the
activities of the organizations. The review of the literature was involved and a specific research
methodology was involved to conduct the study of research in an appropriate way. The data was
collected by framing a questionnaire in the form of a likert scale and getting responses from the
managers and employees to establish the different aspects of the research study. The analysis of
the data being collected was done and recommendation and reflection was given associated with
the development of the study of research.
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Table of Contents
Chapter 1: Introduction....................................................................................................................5
1.1 Background of the Study.......................................................................................................5
1.2 Problem Statement.................................................................................................................5
1.3 Research Rationale................................................................................................................6
1.4 Research Aims, Objectives and Questions............................................................................7
Chapter 2: Literature Review...........................................................................................................8
2.1 Practices of Globalization......................................................................................................8
2.2 Impacts of Globalization........................................................................................................8
2.3 Strategies of integrating Globalization..................................................................................9
2.4 Literature Gap........................................................................................................................9
2.5 Summary................................................................................................................................9
Chapter 3: Research Methodology................................................................................................11
3.1 Research Philosophy............................................................................................................11
3.2 Research Approach..............................................................................................................11
3.3 Research Design..................................................................................................................11
3.4 Data Collection Method and Analysis.................................................................................11
3.5 Sampling Size and Technique.............................................................................................12
3.6 Summary..............................................................................................................................12
Chapter 4: Data Findings...............................................................................................................13
Chapter 5: Analysis........................................................................................................................16
Chapter 6: Conclusion and Recommendations..............................................................................17
Chapter 7: Reflection.....................................................................................................................18
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Reference List................................................................................................................................19
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Chapter 1: Introduction
1.1 Background of the Study
According to Kenny and Connors (2016), globalization tends to bring all the communities and
ethnic groups under one roof and it helps the various individuals to execute the different
activities in a smooth and efficient manner by developing the specific strategies. The concept of
globalization has helped the different activities and services to be executed in a systematic
manner in the various organizations conducting their trade operations in the market.
Globalization can also be considered as the integration of the different global operations that help
in the smooth functioning and development of the different products and services in the
organizations. According to Tidd and Bessant (2018), the development of the different modes of
transport alongside the involvement of the strategies to ensure the manufacture of the various
products and newer services by utilizing technological methods and concepts are ensured by the
concept of globalization followed in the organizations across the world.
According to Hirst et al., (2015), globalization is taken into account as the most efficient method
of communication that has been adopted by the different organizations conducting their trade
operations in the world. Globalization tends to introduce certain improvements in the generation
of revenue in the market to establish the different operational activities by the organizations
conducting their trade operations. Globalization also helps to provide certain chances to the
organizations to develop certain strategies to execute the different operational activities in a
proper manner.
1.2 Problem Statement
The research project progresses by adhering to the specific steps and strategies involved in
developing the different tasks and activities of the organizations by integrating the concepts and
practices of globalization in the organizations. Globalization tends to have an impact upon the
various categories of operations going on within the Companies plying their activities in the open
market. But, the research study could have been conducted in a proper manner by aligning with
the specific methods and strategies that will involve the varied range of features of globalization
into account to deliver the performance within the Companies in a proper manner. The research
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could have been conducted in a very quality way by enhancing the scope of the research study
and widening the field of research study.
1.3 Research Rationale
What is the issue?
The concept of globalization has helped in delivering advantages and benefits to the
organizations conducting their trade operations throughout the world. According to Deresky
(2017), the organizations conducting trade operations in the various parts of the world tend to
devise specific strategies to execute the various ranges of activities in the organizations plying
their trade in the open market. The UK has become competent in producing various services and
products that are unique and cater to the needs of the numerous customers in the market. The
organizations plying their trade activities tend to align their activities according to the strategies.
Why is the issue?
According to Meredith et al., (2017), globalization is the concept that provides stating the
numerous strategies that help in completing the different specified tasks in the organization to
effectively manufacture the unique products and services. Globalization involves numerous
practices that have an impact upon the different functional units and departments of the
organizations conducting the business operations in the market of UK. Globalization also devises
specific strategies to develop the different types of activities and services within the market of
United Kingdom.
What is the issue now?
Globalization has helped in impacting the varied range of operational activities and tasks within
the organizations plying their trade in different countries. According to Laudon and Laudon
(2016), globalization tends to adopt modern practices integrated with technological methods and
concepts to ensure that the products and services of the Companies are provided to the customers
by following an efficient way. The organizations require evolving considering the scenario of
modern age in order to manufacture the variety of products and services in a systematic process.
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How does the study shed light upon it?
The research study focuses upon the variety of steps, activities and measures that would ensure
the smooth functioning of the activities by the organizations of the world. The organizations that
are developed carry out their trade duties by following and integrating the concepts and strategies
of Globalization in future. The research study involves the different steps and measures to
implement the various activities properly.
1.4 Research Aims, Objectives and Questions
Research Aim
The main aim of the study is to investigate the impact created by the
globalization over the business organizations.
Research Objectives
To identify the aspect by which globalization has affected the business all
across the world
To highlight the challenges imposed by the globalization over the
organization working across the world
To propose some strategies that can be effective for the organization to
overcome the challenges created by the globalization
Research Questions
How the globalization has affected the business all across the world?
What are the challenges imposed by the globalization over the organization
working across the world?
What strategies can be effective for the organization to overcome the
challenges created by the globalization?
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Chapter 2: Literature Review
2.1 Practices of Globalization
According to Mangan et al., (2016), globalization is a concept that involves varied range of
strategies and practices that help the different operational activities to emerge in the markets of
different countries of the world. The countries existing around the world tends to adhere to the
specific strategies that help to execute the different activities and tasks associated with the
organizations throughout the world. The practices of globalization have been executed in a
specific way by adhering to the various strategies followed within the organizations conducting
their trade operations throughout the world.
Globalization has involved establishing the different practices of developing the advertisements
and managing the modern and advanced brands developed under the organizations. According to
Burke (2017), various types of practices within the organizations are developed with the help of
adhering to the technological methods and concepts followed within the organization conducting
their trade activities and tasks in the various parts and sections of the world. There are various
firms that have shifted their manufacturing bases and operations to different parts of the world
where they can conduct their trade operations in a successful way.
2.2 Impacts of Globalization
Globalization has numerous impacts and influences the trade operations and tasks of the
organizations of the world. According to Doppelt (2017), companies and organizations tend to
adhere to the numerous laws and policies that help them to execute the different activities and
tasks of the organizations developing their trade operations in the open market. The advantages
provided by globalization are that it presents a competitive market where the products and
services are provided at a competitive pricing rate that helps to ensure the Company to maximize
their profits and enhance the productivity of the organizations. Due to the presence of a
competitive market environment, the customers are able to get hold of their desired products and
services at a competitive pricing rate and with ease and comfort. According to Bratton and Gold
(2017), globalization provides numerous modern and advanced recruitment and selection
methods to employ talented and competent workers in the organizations.
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2.3 Strategies of integrating Globalization
According to Weiss (2018), different strategies are devised to develop the different modern and
advanced concepts of globalization that would help in establishing the products and services of
the organization conducting their trade operations in various parts of the world. The strategies of
globalization being practiced globally tend to adhere to the laws and policies to manufacture and
design products accordingly. New systems of online services have been developed in the
different organizations throughout the world by devising the modern and advanced technological
methods within the organizational structure. According to Chang (2016), the newer and modern
strategies involved in establishing the concepts of globalization and its various practices to
implement the different operational activities and tasks of the organization in a proper manner.
Globalization has its own trends that are followed by the organizations to achieve the targets and
goals in the market.
2.4 Literature Gap
The research study involves the different strategies that have helped in establishing the impacts
of globalization in the organizational structure of various types of organizations throughout the
world. The research study involved the specific elements of literature that were reviewed in
conducting the research study in a specific manner. The study of research could have covered the
varied range of operational activities under its purview in order to demonstrate the various
impacts of globalization in the different organizations conducting their trade operations in the
open market.
2.5 Summary
The research study that explored the various facets of globalization and its different features that
has helped in establishing the good effects of globalization aligning with the manufacture of
different products and services by the organizations. The elements of literature being reviewed
were very much specific and they helped in establishing the different aspects of the study of
research. But, it was felt that the elements of literature could have explored more such features of
globalization that helped in developing the numerous activities and services of the organizations.
The strategies for integrating the concepts of globalization as well as developing the varied range
of activities and services of the organizations have to be taken into account and considered to
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demonstrate the impacts of globalization upon the different organizations throughout the world.
The impacts of the globalization upon establishing the different operational activities of the
organizations around the world are developed in an efficient manner.
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Chapter 3: Research Methodology
3.1 Research Philosophy
Positivism research philosophy is followed in the research study to conduct the research project
in a smooth and systematic process. Positivism takes into account the wider range of aspects to
execute the different steps and measures related to the study of research. According to Creswell
and Poth (2017), positivism helps to include wider perspectives and approaches in adopting the
elements and features that are required to establish the facets of the study of research properly.
3.2 Research Approach
The deductive research approach is followed in developing the various steps of the research
study in a specific and proper manner. According to Ting-Toomey and Dorjee (2018), the
theoretical perspectives and assumptive features adopted within the approach of the research
helps the researcher to integrate the specific steps of carrying out the data and information in a
perfect manner to develop the operational activities and tasks specifically.
3.3 Research Design
According to Bryman (2016), the descriptive design in research is to be followed in carrying out
and implement the steps of the study of research in a perfect manner to execute the operational
activities and tasks in a specific way. The specific research design tends to adhere to the various
practices that help in developing the different strategies to conduct the study of research. The
descriptive research design is the most suitable research design to conduct the research study in a
proper manner.
3.4 Data Collection Method and Analysis
According to Nardi (2018), the data will be collected through carrying out qualitative research
involving the questionnaires through conducting the interviews and surveys of the managers and
employees of the organizations. This would ensure that the data is collected in a smooth manner
by devising the specific strategies aligned with the operational activities of the organizations.
Primary data analysis will be done with the help of developing the correct strategies that would
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help in collecting the data in a systematic way. Secondary data analysis will also be done with
the help of adopting themes from secondary sources and journals.
3.5 Sampling Size and Technique
The sampling size to be considered will be 150 as two managers and 48 employees from three
chosen organizations will be selected by the researcher to conduct the research project in a
proper way. The probability sampling technique associated with random sampling will be
followed by the researcher in conducting the study of research in a proper way.
3.6 Summary
The specific methodology involved in conducting the study of research will take into account the
different steps and activities that are involved in the research study by aligning with the
positivism philosophy, descriptive research design and deductive approach to establish the facts
of the study of research.
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