Impact of Globalization on The Corporate Structures assignment

Research project

Table of Contents
INTRODUCTION...........................................................................................................................1
Aims and objectives ..............................................................................................................2
Research questions.................................................................................................................2
Reason for choosing the topic ...............................................................................................2
Importance of the topic...........................................................................................................2
Literature sources searched and Literature review.................................................................3
Research approach and methodologies..................................................................................5
Activities and time scale.........................................................................................................8
REFERENCES..............................................................................................................................11

TITLE: The impact of globalization on the corporate structures of large multinational
companies and the major challenges they face.
INTRODUCTION
Corporate structure can be referred to as way of organizing firm in systematic manner. It
also involves categorizing the large department into small functional units. Corporate structure
also defines the way information will flow between different level of management in an
enterprise. It is a system which is utilized to define hierarchy within an enterprise. Corporate
structure helps employees in determining their roles as well as responsibilities. During the last
few decades, corporate hierarchies as well as structure has been highly influenced by multi
forces one of them is globalization. Increase in intensity of competition, advancement in
technology and continuous changes in business environment has encouraged many of the
multinational organization to adopt flat corporate structure (Castellani, Narula and Walker,
2018. ). Due to increase in number of challenges or issues due to globalization, the plant
managers are provided with responsibilities to make some of important business decisions. The
example of multinational corporation which has ben chosen for performing investigation is
Marks and Spencer.
The research will have focus on identifying the effect of globalization on the corporate
structure of multinational corporations. The methodology used for conducting the investigation
will be highlighted in the research report. Suggestion related to the corporate structure which can
be used by organization for maintaining its competitiveness in internation market will be
included.
Overview of organisation
M&S is basically a British multinational corporation operating business in retail sector.
An enterprise has its business operations in number of countries. Marks and Spencer is Well
known brand for selling high quality of clothes. Company also sells home as well as food
products. An enterprise presently has approx. 959 stores across United Kingdom. Marks and
Spencer consists of approx. 8087 team of highly skilled, experienced and competent workers.
During the year 2019, total revenue earned by firm is being estimated as £ 10,377.3 million.
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Aims and objectives
Aim : To analyse the effect of globalization on corporate structure of large multinational
organization and identifying the major challenges faced by organization – A case study of
Marks and Spencer.
Objectives:
 To develop the understanding about concept of globalization.
 To identify the issues faced by Marks and Spencer. In global environment.
 To analyse the relationship between corporate structure and globalization.
 To identify the best corporate structure Marks and Spencer can use for maintaining their
competitiveness in internation market.
Research questions
 What is globalization ?
 What are the issues which is faced by M&S in global environment?
 What is the relationship between corporate structure and globalization ?
 Which is the best corporate structure that can be utilized by marks and Spencer for
maintaining competitiveness in international market ?
Reason for choosing the topic
One of the most important reason to select to perform investigation on particular topic is
to create the understanding about concept of globalization. The other rationale for choosing
particular subtest is which researcher has interest in gaining the knowledge about the way
globalization have effect on the corporate structure of multi-national corporations. In addition to
this, investigator by performing research on particular topic wish to identify the challenges faced
by multinational companies in international environment. In addition to this, researcher by
performing study intends to find out the solution for the various problems faced by multinational
firm. Investigator want to help manager of marks and Spencer in addressing the best corporate
structure which they can adopt in order to remain competitive in international market.
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Importance of the topic
The topic chosen for the research has great importance as it will assist management in
addressing an appropriate structure for company. In addition to this, it will also help manager in
addressing the solutions which can be applied for eliminating or dealing with challenges faced by
company in relation to the operating business at global level.
Literature sources searched and Literature review
Literature review is a Guide which is includes current and important knowledge like
essential findings and theoretical concepts as well as contribution to a particular topic. It is
totally based on the alternate sources and it is not primary experimental work. This will help to
researcher in order to better understanding topic. In order to analysis the topic which is analysis
the effect of globalization on corporate structure of large multinational organization and
identifying the major challenges faced by organization in global business environment. This will
be prefect for research and study on topic.
Sources of literature searched by online resources like google, article which is based on
globalization, published material which is in books, journals, newspaper etc. those are help to
researcher in order to collect information and knowledge related to topic which is globalization.
Theme 1: The understanding about concept of globalization
According to the Wright, (2016), Globalization is process of interaction between
individual, companies and government worldwide. Globalization is dispersed of products,
investment as well as technology crosswise national borders or culture. It is describes an
interdependence of nation around globe fostered with trade free. Potrafke, (2015), In addition to
this it helps to rise and improve standard of living in poor and low developed countries by
offering job opportunity, improve access to goods or services and modernization. In contradict
Hanson and et.al., (2016), stated that the globalization can be destroyed the job opportunity in
highly develop and also in high wages country as per production of goods and services are
moves across the borders.
Theme 2: Identify the issues faced by Marks and Spencer in global environment.
Environmental issues are harmful for business when enter in global market and also give
negative impact on human activity. In the global market, Marks and Spencer faced different
problems. As per the view of Hopper, Lassou and Soobaroyen (2017), communication
difficulties as well as culture differences is a biggest issues which is face by Marks and Spencer
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