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Impact of Globalisation in Driving Success of Business
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Added on 2020-12-09
Impact of Globalisation in Driving Success of Business
Added on 2020-12-09
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Table of ContentsCHAPTER-1 INTRODUCTION....................................................................................................3CHAPTER-2 LITERATURE REVIEW.........................................................................................6CHAPTER- 3 RESEARCH METHODOLOGY............................................................................8CHAPTER -4 DATA ANALYSIS...............................................................................................11DATA INTERPRETATIONS......................................................................................................13CHAPTER -5 RESEARCH OUTCOMES...................................................................................21REFLECTION AND RECOMMENDATION.............................................................................22REFERENCES..............................................................................................................................23
Title- Impact of globalisation in driving success of business : A case study on M&S. CHAPTER-1 INTRODUCTIONBackground study about the globalizationGlobalization is a type of process that evolved and mutated over the different centuries toreflect the ambitions and priorities of multiple generations. It is globally outreach of countriesfor trade benefits, economic, military and geopolitical etc. in order to success and developmentof organizations to adopt new changes in enterprise marketplace. Globalization is integratedwith the global economies through investment flows, trade and production of good and services.In this way, it help to enhance the international competitiveness across the world (Epstein,2018). Globalization process has been uninterrupted continuum in evolving the history ofmankind. It reveals that globalization may occurs in different dimensions of business such associal, political, environmental, economic and religious etc. Globalization is also impacts on the Marks and Spencer and driving success related thelarge scale production in the high wage economies, increases the productivity and profitabilityby using innovation. It has been driven to change the financial condition of business to improvethe international trading services and also maintain the flow of capital in proper manner.Globalization is easily integrated with the business operations to utilize the benefits of trade inthe global marketplace. It lead to increase the new opportunities and driving the success ofMarks and Spencer across the world. AimTo determine effectiveness of globalisation in driving success of business: A study on M&S.Objective-To understand conceptual framework of globalization.To evaluate the opportunities that globalization creates for M&S.To examine the relationship between globalization and firm’s performance in other country. Research question-What is the conceptual framework of globalization?What are opportunities that globalization created for M&S?
What are the relationship between the globalization and organization performance in the countryRational of significanceThe purpose of research to understand the concept of globalization and how it can beimplemented in the business development such as economic, culture and population ofinternational marketplace. Globalization has been driven by the technology change and financialliberalization or sustained by the appreciation among the policy makers in the enterprise. Theresearch is based on the globalization and also support the commercial services in global market.It is supported the trading good but these type of trade based on the commercial services whichrequire for growth and development. Researcher will analyse the positive aspects toglobalisation in the business process which required to handle the entire functionality ineffective manner. It will require for researcher to use different platform to analyse or identifythe globalisation by using survey, they were coordinated with the other one to find the properresult and outcome. The research project will focus on the globalisation which drive the successof business. Thus, the researcher takes important steps to overcome threats and barriers thatgenerating at the time of research development. It will challenges of researcher to determine theopportunities through the case study. A researcher will always utilise the methodology to helpthe replication and generate accurate outcome.
Significance of researchThe significance of research will help the researcher to understand the globalisationbecause it has required to identify the importance of case study. It has many benefits ofglobalisation in the international market that help to increase the productivity and profitabilityin marketplace. It is important part of research to identify the benefits that support the overallbusiness need and requirement. It should follows the specific audience will benefits from itsfinding. The globalisation has changed the business aspects to provide the services as per thedemand of consumers. This research on the globalisation is to understand the demand ofconsumers related the cheap resources, competitive pressure and dynamic postmodern era etc. In this way, it help to maintain and manage the competitor pressure during the complexsituation where it occurs when increases the price, product and services. The research will helpto find the proper advantages of globalisation in the business development and also increasetheir availability in global marketplace.
CHAPTER-2 LITERATURE REVIEWConceptual Framework of GlobalisationAlharthey, (2018). Globalisation is based on the conceptual framework that usuallyrefers to increase the people, investment, culture, trade and idea among the different countries.This type of framework has applied in the organisation to open up the international orderoutcome in the global markets instead of national or local markets. The globalization is drivingthe success of business due to change the living things and also promote the new policies. It is aprocess that performed world wide approach to enhance the economies and connect with otherbusiness to improve the capabilities and efficiency in proper manner. Verbeke, Coeurderoy and Matt, (2018) Globalisation refers to the integration of marketsin the global economy, which leading to increase the interconnect with the national economies.It is particularly global term that include the financial markets such as credit markets,commodity markets, credit markets etc. Globalisation is a conceptual phenomenon that lookedunder the different forms of competitive advantages that can obtain by the organisation. Opportunities that globalisation creates for Marks and SpencerAccording to Akhtar, (2018) the globalisation brings more opportunities and positiveadvantages in the business to generate accurate result or outcomes. The government can meetthe economic goals and objective with the help of international integration of economy andmovement of capital. Moreover, The economy growth is considered as the important toaccelerate with the foreign investment in the nation and also minimize the challenges for thenations. Hart, (2018) argued that the countries might generated high income from the othertaxes, reduce the effect of globalisation in the domestic economy. Globalisation need to reducethe effects of importing by changing the policies and procedures. This will help for retail sectorremain protect form the dumping and also keep paying taxes. Hayati and et.al., (2018) The another opportunity that globalisation may get that canintroduce new technologies in the nations from the other countries. Modern technology playsimportant role in the enterprise that can happen after the globalisation. It enhance theopportunities to improve the overall condition and situation of business. It will enable the retailsector to pay more taxes as per government rules and regulation, which can help to increase theprosperity in the country and maintain economy. Zulfiqar, Nadeem andPervaiz, (2018)
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