Globalisation in Company Economic Development: A Research Project

Research Project
(Significance of globalisation on a company economic
development)

ABSTRACT
This report focus on concept of globalisation and how it helps in economic development.
It is an interesting topic and it also provides the benefits to organisation to expand its business at
international level. Through this, organisations can provide their contribution towards economic
development of country. The globalisation is about interconnectedness of businesses as well as
people across world that can leads to political, economic and global cultural integration. It is an
ability to communicate as well as move in an easy manner with others in all over world in
context to conduct the business operations internationally. This research provided detailed
information about globalisation and issues which organisation faced during globalise business.
The literature review of this research has been provided better solutions of the arisen issues
related to globalise business. In this part, opinions and view points of different authors has been
considered about globalisation. In the research methodology part discussed about the data
collection methods in order to conducting investigation in a better manner. After this, the data
collected from different sources has been analysed through investigation by using thematic
analysis. In the conclusion part, it has been stated that globalisation is a wide concept for firms
and through this they can get the competitive benefits at global level. It helps in give the better
contribution for country economic development effectively. At last, there has been
recommendations provided to company for dealing with problems faced through it while making
business globalise.

Table of Contents
ABSTRACT.....................................................................................................................................2
CHAPTER 1: INTRODUCTION....................................................................................................1
1.1 Overview of research........................................................................................................1
1.2 Background of Research...................................................................................................1
1.3 Rationale of Research.......................................................................................................2
1.4 Research Aim...................................................................................................................2
1.5 Research Objectives.........................................................................................................2
1.6 Research Questions..........................................................................................................2
1.7 Timeline............................................................................................................................3
CHAPTER 2: LITERATURE REVIEW.........................................................................................5
2.1 Concept of globalisation...................................................................................................5
2.2 Impact of globalisation on an economy............................................................................6
2.3 Major issue of globalisation concept................................................................................6
2.4 Benefits of globalisation to economy of UK...................................................................7
2.5 Different ways by which The Third Way Group can overcome from arisen complexities. .8
CHAPTER 3: RESEARCH METHODOLOGY.............................................................................9
3.1 Type of Investigation........................................................................................................9
3.2 Research Philosophies......................................................................................................9
3.5 Data collection................................................................................................................10
3.3 Research Approaches.....................................................................................................10
3.4 Research Design.............................................................................................................11
3.6 Sampling.........................................................................................................................11
3.7 Ethical Considerations....................................................................................................11
CHAPTER 4: DATA ANALYSIS ..............................................................................................13
CHAPTER 5: DISCUSSION ........................................................................................................19
CHAPTER 6: CONCLUSION AND RECOMMENDATION.....................................................20
6.1 Conclusion......................................................................................................................20
6.2 Recommendations..........................................................................................................20
REFERENCES..............................................................................................................................21

Research Ethics approval form......................................................................................................23

CHAPTER 1: INTRODUCTION
1.1 Overview of research
Globalisation refers to process of integration and interaction between people,
governments and firms in all over the world. It has developed due to the advanced in
communication as well as transportation technology, with enhanced global interactions comes
development of culture, trade and ideas (Arora, 2012). Primarily, globalisation is an economic
process of integration and interaction that is related with the cultural and social aspects. Under
this, globalisation consists services, technology, products and data. Expansion in global market
liberalizes economic activities of exchange of funds and products. In Globalisation process,
economies have been more inter dependent as well as integrated. Globalisation implies opining
of the local and also nationalistic perspectives to wider outlook of interdependent and
interconnected world with free movement of products, capital and services across the national
frontiers.
1.2 Background of Research
Globalisation is free movement of services, people and products across worlds in an
integrated way. It is a process through which the businesses develop their international influence
on international scale. The globalisation permits countries and organisations to specialise in
manufacturing products or services which can provide the comparative benefits. In addition to
this, specialisation and also trade enable to gain the economic welfare. The ThirdWay Group is
London based office build and design, architecture, furniture and development organisation. This
company partner with the clients from all sectors in order to develop better environment for staff
members (Asongu, 2014). Under this company, there are almost 160 staff members and their aim
is to attain the set objectives of firm with in given period of time. This company conduct its
business in UK but it has good brand value in other countries. With the help of globalisation, this
firm will conduct its business operations in other locations at the large scale. On the other hand,
globalisation gives net advantages to the individual economies in all around world through
making the markets more effective, enhancing competition, spreading wealth equally and
limiting the military conflicts around world.
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1.3 Rationale of Research
This research project is based on the significance of globalisation in economic
development. Globalisation is a necessary aspect that plays a necessary role in developing
business operation and enhances economic development (Beeson, 2014). This study area gives
proper idea and knowledge regarding particular concept that aids a person to increase ability
along with the knowledge. In context to personal interest, major reason behind conducting
investigation is to increasing the personal interest in globalisation area. In context to career, this
investigation will help in increase knowledge of a learner and through this it can able to conduct
any research work in future in a significant and effective manner.
1.4 Research Aim
The main aim of this research is “To evaluate significance of globalisation on a company
economic development” A study on The Third Way Group.
1.5 Research Objectives
 To ascertain globalisation concept.
 To identify benefit of globalisation concept on The ThirdWay Group that can lead to
increase its profitability in coming 3 years
 To evaluate risky factors of globalisation that reduces its growth rate in 3 coming years.
 To evaluate benefits of globalisation to economy of country in coming 6 months.
 To analyse various ways through which The Third Way Group can overcome from arisen
complexities.
1.6 Research Questions
 What is the core concept of globalisation?
 What is the actual impact of globalisation on an economy?
 What is the major issue of globalisation concept?
 What are benefits of globalisation to economy of UK?
 What are different ways through which The Third Way Group can overcome from arisen
complexities?
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1.7 Timeline
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