Impact of Globalisation on the Business Activities: PDF
Added on -2021-02-21
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Managing a Successful Business Project.
ABSTRACT: Globalisationisoneofmostimportantaspectforanindividualaswellasfor organisation. It helps to reach at large no. of consumer base by identifying their needs and wants in proper way across national boundaries. To reap important benefits organisation have to capitalise opportunities that can be give fruitful results.
Table of Contents ABSTRACT:....................................................................................................................................2 TOPIC:-............................................................................................................................................4 INTRODUCTION...........................................................................................................................4 MAIN BODY...................................................................................................................................4 Project aims and objectives for a chosen scenario.................................................................4 LITERATURE REVIEW................................................................................................................5 What is the importance of globalisation in business expansion?...........................................5 How globalisation impacts on functional and operational activities of Vodafone?...............6 What are the various strategies to eliminate negative impact of globalisation in terms of economic, culture and ethical way........................................................................................6 A project management plan....................................................................................................7 A work breakdown structure and a Gantt chart......................................................................8 Small-scale research by applying qualitative and quantitative research methods..................9 Research and data using appropriate tools and techniques..................................................11 Communicate appropriate recommendations.......................................................................25 Reflection.............................................................................................................................25 CONCLUSION..............................................................................................................................27 REFERENCES..............................................................................................................................28
TOPIC:- “To analysethe Impact of globalisation on the business activities. A study on Vodafone. INTRODUCTION Globalisation is a chain of activities to spread products, services, technology and informationtotheenduserbycrossnationalandcultureboundaries.Itfocuson interdependence on countries and their trade to foster global free trade and policies. It helps in raising the standard of people in less developed countries by giving opportunities of job, access to products and services at broad level and to give high leaving standard by providing high rate of wages in proper way.This report is based on Vodafone which is an multinational telecommunication conglomerate organisation, headquarteris in London. It operates in many regions such as Asia, Africa and Europe among the mobile operated deals at global level it achieved fourth rank in no. of mobile customers. This report is based on the Globalisation which is very much important to capitalise opportunities in positive way by reach at large no. of consumer base. MAIN BODY Project aims and objectivesforachosenscenario. Research aim and objective are very much important for an organisation for aim of the work includes overall purpose behind conducting the study that should be clearly and concisely defined by the researcher (Aharoni, 2014.). It helps to go with the main objective behind conducting research in proper manner to reach at desirable outcomes. Research Aim: The research aim for the current research is “To analyse the positive economic, cultural and ethical impact of globalisation on function and operational activities of an organisation”. A study on Vodafone. Research Objectives To analyse the importance of Globalisation in business expansion. To determine how globalisation impact on functional and operational activities of Vodafone To identify strategies by which negative impact of globalisation in terms of economic, cultural and ethical can be reduced.
ResearchQuestions What is the importance of globalisation in business expansion? How globalisation impacts on functional and operational activities of Vodafone? What are the various strategies to eliminate negative impact of globalisation in terms of economic, culture and ethical way. LITERATURE REVIEW Literature review is known as narrative review which is an kind of review article in a scholarly paper format in which current knowledge and information, substantive findings as well as theoretical framework also consist in it of a particular subject matter (Akram-Lodhi and Kay, 2012). What is the importance of globalisation in business expansion? AS per the view of Sampson Quain (Why Has Globalization Become so Important? 2019)Globalisation is very much important for an organisation to deal in effective manner by capturing opportunities. There are some important attributes by which organisation can enlarge business opportunities.It not only proved beneficial for organisation but for an individual to going global because it helps in giving best way to live and firms can lead in business environment by enlarge business opportunities. Globalisation opens up international access: As the day by day people more demanding and to satisfy their needs and wants in proper manner organisation have to enlarge their business opportunities. In that aspect Globalisation helps to communicate and by providing digital media for communication for both small and large businesses with help of various kinds of marketing campaign that helps to reach at large no. of consumers. For an example if an organisation sell the books and other products there are not a single variable that stops from promoting products as every consumers have varies kinds of needs and demands. In context of Vodafone they operate in many regions of the world by exploring various opportunities to deliver right kind of value to their ultimate consumers. Globalisation lowers down the cost of consumer service:
As per the view ofNovita (WHY GLOBALIZATION IMPORTANT, 2019),Globalisation is the chain of activities by integrating and exchanging views and ideas with products and services. By integrating self interest of an organisation it is very much important to build products and services as per the market needs and demands.Globalisation helps in expand business at global level as it provide consumer cost relatively at lower cost in comparison to domestic marketplace. Globalisation make it possible to reach at large no. of consumer by handled inquiries of consumers and hired them at relatively less price or cost. In context of Vodafone they serves in different regions so by taking advantage of global opportunities organisation can remain competitive in market place. How globalisation impacts on functional and operational activities of Vodafone? As per the view of Mike Myatt (THE IMPACT OF GLOBALIZATION ON BUSINESS, 2019),Conducting business as global scale in not a luxurious part of business now a daysand to expand business needs the ability to build products and services as per the need of consumer base in proper way. While going global and build products and services as per the choice of foreign consumers organisation have to change or modify in their existing working system that helps to suitably working for foreign market scape. As per the view ofChitra Krishnan, (Globalization and its Impact on Business Environment, 2019)the transformation of the present economy directly affects to the business activities on direct bases to get right kind of outputs at right time frame.In business environment globalisation impacts a lot to gain competitive advantages organisation have to measure na evaluate each and every attribute in better way.Organisation have to take permission from government of foreign by following their instructions organisation can be able to deal in effective manner. In context of Vodafone before going global they have to evaluate various factors in which state of economy, demography in which organisation wants to spend their market. with commercial demand and supply side of their business with requirement of improvement in infrastructure and marketing systems with practices are important to deal in effective manner. All these factors brings changes in internal functional and operational activities of an organisation to deal in proper way.
What are the various strategies to eliminate negative impact of globalisation in terms of economic, culture and ethical way. As per the view of Andrew Blackman, (What Is Unconscious Bias? +Top Strategies to Help Avoid It, 2019)for an organisation it is very much important to develop quick decisions ability and judgements that are very much crucial for an them.While going global organisation have to face some kinds of problems or concerns and for that they have to build some kinds of strategies and tactics.For an organisation it is very much obligatory to reduce effects of globalisation in their culture, economicand ethical activities. It is very much important and it can only be possible by close evaluation of each and every factor that impacts on organisational works and activities in a very proper way. Organisation have to bring products and services as per the needs and wants of consumer base to gain favourable results out of it. Proper measures and strategies to observe market-trends and have to control fluctuations in proper way. Communication and leadership: As per the view ofLeigh Anthony (Effective Communication & Leadership, 2019), effective leadership is one of most important aspect for an organisation and communication ability is very much crucial to build effectiveness in both these activities.To lead in market organisation have to combine best communication and leadership style that helps in gaining competitive advantages in better way.The one of most important strategy while economic, culture and ethical instability arise in an organisation then proper communication within departments and best leadership style such as situational leadership style that changes as situation demands. A project management plan. It refers to the type of document that explains every expression of project which includes several elements such as planning, executing, monitoring, coordination and so on (Araghi, 2012.). The objective of project management plan is to explain the approach that is to be used by team members to initiate a project, control as well as monitor it. The Project plan consist of various factors such as scope management, financial management, risk management and many more. Cost:
Cost is an important element to conduct a research in an organisation to deliver right kind of value and attributes to the end user. In context of present research it has been evaluated that to conduct research organisation needed 40000 pounds and Vodafone have to invest 80000 pounds to get desirable outcomes in positive way. Scope: scope of the research gives proper guidance about vital aspect and meaning of the project and its objective. In that particular research main aspect is effect of globalisation on the business activities so that proper results should be accomplished in an organisation. Quality: Quality is one of significant aspect for an organisation to give best quality products and services to their ultimate consumer base (Artzand Kamalipour, 2012). As per the quality which denotes about differentiation effect in a product in comparison to competitors product and services. In that research to maintain quality to get effective results proper tool for collecting data and information should be taken so that effective results should be accomplished. Communication: Communication is very much important attributes while conducting research and development. In context of Vodafone while conducting research they have choose best source to share proper knowledge and information such as by using emails, telephone and other sources plays very effective role to share goals and objectives behind conducting research. Risk: Risk inherent with each and every factor and it is very much important for an organisation to find out major risk factor that inherent with the research and proper strategies to eliminate them in proper way. In context of Vodafone while conducting research they face the risk of lack of resources and lack of confidentiality in research results that hampers the self interest of particular research. Resources It is define as a type of sources such as labour, funds, stationary, technology, and so onwhich is required by project manager to conduct the research effectively. Resources required for research are skilled manpower, adequate amount of funds, advance technology
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