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Positive Economic, Cultural, and Ethical Impacts of Globalisation on Jaguar Cars

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Added on  2023-02-02

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This report explores the positive economic, cultural, and ethical impacts of globalisation on Jaguar Cars. It examines the company's project management plan, research methodology, and the impact of globalisation on various departments within the organisation. The report aims to identify the benefits of globalisation for Jaguar Cars and its success in the international market.

Positive Economic, Cultural, and Ethical Impacts of Globalisation on Jaguar Cars

   Added on 2023-02-02

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Managing A Successful
Business Project
Positive Economic, Cultural, and Ethical Impacts of Globalisation on Jaguar Cars_1
Table of Contents
Introduction................................................................................................................................3
Research Plan....................................................................................................................5
Work Breakdown Structure for the Project.......................................................................9
Research Methodology and Data Collection..................................................................10
Secondary research.........................................................................................................13
Recommendation on findings.........................................................................................23
CONCLUSION........................................................................................................................24
REFERENCES.........................................................................................................................25
Positive Economic, Cultural, and Ethical Impacts of Globalisation on Jaguar Cars_2
Skeleton for Unit 6 MSBP – Created by RI
Introduction
Globalisation is defined as a process by which the international markets are
interconnected with each other. It results in large increase of trade and cultural exchange
among the nations. It leads to make countries interdependent in world by increasing the
volume of cross-border dealings of services and products. This particular report is based on
Jaguar Cars. The company is a British multinational luxury vehicle manufacturer since 1933.
Jaguar has its headquarters in Whitley, England (Globalisation. 2019). The company was
responsible to produce jaguar cars until the operations of the company were merged with
Land Rover. From, 2013 it formed as Jaguar Land Rover. The following report mentions the
project management plan which include various aspects as costs, resources, scope, time,
risks, quality. It will also involves quantitative and qualitative research methods to investigate
for coming across the project objectives. This report depicts the impact of globalisation on
the business of the company. This will help in analysing the operational functions for a
particular situation and will aid the organisation to cover the international market
successfully.
Positive impact of Globalisation in general to the businesses in the UK.
1. Economic Impact- The impact of globalisation is a complete advantage for people
economies in worldwide by making the market activities effective, reducing the
conflicts on border, increasing healthy competition and results in enhancement of
wealth (Beamish, P., 2013).
These are the reasons why the government authorities of countries introduces FDI
policies to attract foreign companies to start business operations in their market.
Economic impact on Jaguar has been very good as they are the luxury car producers the
other countries with sufficient resources available wants to indulge in business
collaborations with the company.
2. Cultural Impact- Expanding business activities across the borders, it is very
important for an organisation to have an satisfactory help from the manpower
belonging the employees from different cultural backgrounds. It is required, so that it
get easy for the organisation to deal with contrary culture of the nation in which they
are functioning (Boddewyn, 2015). Jaguar is growing with a great pace in the
international market because the company is taking care of the cultural diversities of
respective markets they are working in.
3. Ethical Impact- It involves rules and regulations formulated by the governments of
the countries. These rules are made to make a proper structure for the FDI to carry
their operational functions in a certain manner (Brouthers, Nakos and Dimitratos,
Positive Economic, Cultural, and Ethical Impacts of Globalisation on Jaguar Cars_3
2015). Jaguar make sure that the companies employees follow the ethical laws while
dealing with the particular clients.
Background of the Research
Jaguar is an organisation which operates in UK and decides to expand its market
globally. To capture the market and build a strong brand image among its existing
competitors. The company is successful as the cars produced are of high qualities and only
limited to the clients who prefer luxury as their need. The demand for the Jaguar cars are high
in the market.To achieve this company requires capable assistance from various departments
which are:
1. Operations-Expanding its business globally, Jaguar is required to deal with a
massive number of clients to enhance the operational activities of the company to
run in effective and efficient manner(Buckleyand Ghauri, 2015). The company is
liable to make effective coordination within the departments to proceed the
functions actively. As, Jaguar manufacture luxury cars so they have to target a
particular customer base and to influence them to be the loyal customers of the
company with effective communication methods.
2. Marketing- This department act as a main medium to deliver the company and its
services information in the targeted market of a nation in which the company is
expanding its business. This can be done by making a proper marketing budget for
the promotional activities and to assign proper employees for the certain work
who have the knowledge of the market (Burns, 2016).
3. HR- This department is required to hire new employees who have a valuable
knowledge of the market and its cultural background. This will help Jaguar to deal
with the new client base effectively and to sustain in the new market conditions.
4. Accounting- Taking the business on a global platform involves a lot of
transactions which requires to be maintained in a proper book of records in
account of the company (Chesbrough, Vanhaverbeke and West, 2014). This work
is for the accounts department of the company to make the records and to have the
knowledge of the expenses Jaguar has incurred during the process of globalising
their business.
Aims of the Project-
To identify the positive economic, cultural, and ethical impacts of globalisation on
different business functions within an organisation”. A case study of Jaguar.
Objectives-
To develop basic understanding about the concept of globalisation.
To examine economical, cultural and ethical impact of globalisation on business
Positive Economic, Cultural, and Ethical Impacts of Globalisation on Jaguar Cars_4
functions of Jaguar.
To evaluate the impact of globalisation on business performance and success of
Jaguar.
Research Plan
Project Title To analyse the positive economic, cultural and ethical
impacts of globalisation on various departments of
organisation. A case study on Jaguar Cars.
Project Plan
Company Name: Jaguar Cars
Cost Jaguar is operating their business at global level.
Therefore, estimated budget for them is £ 46,000 this
helps them to identify modification in internal
department of organisation. While the estimated
amount for investigator or researcher is £500 it helps
to conduct research in a. effective manner.
Basis Cost
Investment in fixed assets £ 20,000
Cost of research and
development
£ 2000
Employees Training £ 10,000
Resources for Training and
Development
£4,000
Cost of implementing
changes in HR department-
£ 10,000
Total £ 46000
Cost break down of Research:
Basis Cost
Cost of data collection £ 200
Cost of communication £ 50
Cost of communication of results £ 100
Positive Economic, Cultural, and Ethical Impacts of Globalisation on Jaguar Cars_5
with stake holders
Any other cost £150
Total £ 500
Scope As the company produces luxury cars and delivers to
various nations, Jaguar has a wider scope in every new
market they will target. Moreover organisation has
scope to enter in market of developing countries. Like
China, India, Africa etc. So they approach more
number of potential customer's. Whereas researcher
gets opportunity to understand auto-mobile industry as
well as whole organisation. Further this also helps to
conduct research in systematic manner. (Dai and et. al.,
2014).
Time Time is crucial factor for organisation which helps
Jaguar to deliver their products within specified
period. This increase customer satisfaction level and
loyalty towards organisation. In context of researcher
this factor helps them to complete their research by
conducting various research activities such as
gathering of data and information within 5.6 month
(Dunning, 2015).
Quality The involvement of customers with the operational
activities of company can be increased only by
providing them with satisfactory services. This can be
possible when the employees gets involved in training
programs conducted at workplace (Eriksson and et.al.,
2015). Providing feedbacks facilities to the clients
results to increase their satisfaction level with the
company. This factor provide benefits to organisation
as well as consumer through increasing or generating
more value in their products. Apart from this, using
qualitative technique such as questionnaire is used by
the researcher to carry out the present research.
Positive Economic, Cultural, and Ethical Impacts of Globalisation on Jaguar Cars_6

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