TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 LO 1................................................................................................................................................3 P1. Devising aims and objectives for research............................................................................3 P2. Project management plan....................................................................................................3 P3. Producing work breakdown structure and Gantt chart.......................................................6 LO 2.................................................................................................................................................8 P4. Carrying out research by applying qualitative and quantitative research Methods.............8 LO 3..............................................................................................................................................12 P5. Analysing research and data utilizing tools as well as Techniques...................................12 P6. Communicating appropriate recommendation as a result of research and data.................19 LO 4..............................................................................................................................................20 P7 . Reflection on value of undertaking research for meeting stated objectives.....................20 REFERENCES.............................................................................................................................21
INTRODUCTION Globalization can be defined as integration of world economy. It is the phenomenon which has direct as well as significant effect on business activities. Globalization has bought positive as well as drastic improvement in business environment. It is globalization that has openedupmoremarketsandhashelpedbusinessentitiesinincreasingprofitability. Globalization is main driver which has encouraged firm to bring improvement in business activities, procedure and system. This phenomenon has both positive and negative effect on the business operation of companies. Globalization provides firm an opportunity to promote and sell there goods at large scale. At the same time it has given rise to stiff competition in the market. The research report will emphasize on analyzing the impact of globalization on marketing activity of Nike company in UK.Nike is a leading fashion retailer in United Kingdom. Study will highlight the different research methodology used by researcher for collection, interpretation and analysis of information. LO 1 P1. Devising aims and objectives for research Aim of the project :To evaluate the effect of globalization on marketing activity – A case study of Nike. Objectives To develop the understanding about globalization. To identify the challenges faced by Nike in context of marketing at global level To identify the factor in global environment that influence marketing activity of NIKE . To suggest the ways using which Nike can adopt for providing an appropriate response to globalization. P2. Project management plan Costs: Fixed and variable costs are associated with conducting the research on specific topic. In context of investigation, major costs is associated with collection of data. The different types of expenses associated with execution of the market research are traveling costs, communication, salary of project manager, stationery, printing expenses, purchase of equipment and technology etc. In context of present study, scholar will prepare budget considering the expenses incurred in existing investigation of similar nature (Reuer, Hoffmann and Shipilov, 2019.). Budget will be
prepared by investigator for controlling the experiences and for completing the research project in effective as well as efficient manner. unit/ hrsCosts/ unit/ hrsWBS Level 1 total Salary of Project manager group members £1000 2050 £160 £90 £880 £143000 Purchaseof Hardware Handheld devices Servers £160 3 £860 £4400 £67000 £16000 Installationand development of Licensed software 140£360£22600 Testingof hardwareand software £5000 Traveling expenses £20000 Scope: It is the important element of project plan. Scope in project management plan includes lists of goals, Tasks, deadlines, functions etc. Present study has wide scope.Current research study will indicate extend up to which Marketing activity of Nike company is effected by globalization. Present research report also demonstrate which dimension of globalization effects marketing performance of an enterprise operating business in international market (Berning, and Holtbrügge, 2019). It will assist firm in identifying the suitable ways for dealing with marketing challenges in global environment.
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Time: In research all the activities are interconnected therefore, time lag in one single task can lead to the delay in completion of the project. Proper planning is very much crucial in order to complete research project on time. In present research, scholar has prepared Gantt chart which consist of start as well as finish time for each task. In addition to this, nvestigator in present investigation will use project management software for calculating slack time in the schedule. Quality:This element in project plan describes the standards which are to be followed while performing different activities during investigation procedure.It also specifies tools as well as procedures required to be conducted for achieving quality in the delivery of research project. In context of present research project scholar has taken responsibility of quality control as well as assurance (Lasserre,2017).Investigator will include in different procedures as well as activities during the time of investigation with the intention of identifying as well as determining the quality standards which will best suit for the present study. Communication : Communication plan provides the guideline related to the way information will be shared among different stakeholders during the investigation procedure. An effective as well as smooth flow of information during the research is very much important in order to generate desired results. In context of present study, researcher has created a communication plan which is based on the determination of type of communicated which is required to be facilitated during the investigation process (Glesne, 2015.). Scholar in present study will use E-mail, mobile phones, video conferencing for communicating with different stakeholder during investigation. Risks: In context of marketing in global environment, there are following risks such as Type of riskProbabilityImpactStrategy Geo politicalMediumHighItisrequiredby marketing manager to consider the regulation ornormofcountry wheremarketing activitiesarerequired tobeexecutedwhile developing promotional plan.
Financial risk There is high risk of increaseinthe Promotional costs. ModerateHighMarketing manager in Nikeisrequiredto preparetheflexible budget considering the economic conditions in thecountrywhere promotionalactivities are to be executed. HighHigh Resources: Lot of resources are required for conducting investigation as well as executing marketing at international level. Resources which are needed are human, equipment, technology , communication devices, stationery, finance, information etc. In context of present study, scholar will prepare proper resource plan (Liu, 2020).Investigator will use Enterprise resource planning software for distributing as well as managing resources during the investigation process. P3. Producing work breakdown structure and Gantt chart. Ganttchartis thegraphicalrepresentationof schedulewhich assistresearcher in planning, coordinating and tracking particular activity in research project. Work break down structure is considered to be as key project deliverable which organizes team work into manageable sections. ActivitiesWeek 1Week 2Week 3Week 4Week 5Week 6Week 7Week 8 Selection of research topic Setting of aimand objectives Writing Literature review
Accultur ationof factsand figures Data analysis Drawing conclusio n Changes in research reporton thebasis of suggestio ns Final submissio nofthe research report
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LO 2 P4. Carrying out research by applying qualitative and quantitative research Methods Research methods is required for executing thevarious taskswhile facilitating the researchprocedure. Choiceof the suitablemethodology for investigationis very much crucial in order to achieve desired aims and objectives. The different types of research techniques, approaches, philosophy, design and approach used by the investigator in present study for collecting, analyzing and interpretation of information are : Research type :The most commonly conducted research are qualitative and quantitative. Choice oftype of research is dependenton the nature of subject matter. Scholar in present study
has conducted the qualitative research. It is considered to be as most appropriate research type for presentstudyasit helpsincollectingthedetailedinformationrelatedtothetopic. Investigator has selected the qualitative research type, as it helps researcher in examining the relationshipbetweendifferentvariablesinthestudy(Lewis,2015).Inadditiontothis, informationcollectedusingthequalitativeresearchcanbeutilizedfordevelopingthe understanding about the relationship between cause and effect that can be utilized for making predictions. Research design :It is the planning or preparation done by researcher in order to conduct various research activities such as data collection, analysis and interpretation.Choice of the research design is completely based on the nature of problem found during investigation. The researchdesigncanbecategorizedintofollowingtheseareexperimental,explanatory, exploratory and descriptive (Kumar, 2017). Researcher in present study has used descriptive research design.Reason for selection of specific research design is that it helps researcher in describing, explaining and validating findings. Research approach:This is basically a plan that comprises the broad assumption related to techniques or methods that can be used for collecting, analyzing and interpreting information. The most popular as well as commonly used research approaches are inductive and deductive. Scholar has utilized inductive research approach in present investigation (Flick, 2015). Reason for which investigator has selected the inductive research approach is that it enables researcher to developthe new theory utilizing the information gathered from both primary and secondary sources. Research philosophy :It is assumption related to methods or techniques which can be utilized for accumulating the facts or figures related to topic.Research philosophy assist scholar in conducting research in systematic manner. The two most commonly used research philosophy are positivism and interpretivism. Investigator in present study has used interpretivism research philosophy (Blamey and Thompson, 2017).Reason for selection of interpretivism research philosophy is that scholar perceives that interpretivism studywill assist them in ensuring highly validate information. Sampling :This task during the time of investigation is performed by researcher considering the limitation of resources as well as time. Sampling is a technique utilizing which scholar select few people as a participant in research. Few most commonly used sampling methods are simple
random, cluster, stratified, systematic random sampling etc. Investigator in present study has selected 20 participants using random sampling technique. Population is employees working in Nike organization (Bell, Bryman and Harley, 2018). Scholar has selected employees of Nike as participants, as researcher believes that employees are the stakeholders those who can provide complete information about the effect of globalization on marketing activities of an organization. Data collection :Primary and secondary are the two types of sources from where the researcher usually gather data on different subject matter. In context of present research, researcher has utilized both primary and secondary source for accumulating information related to the topic. The methods which is used by scholar for collecting primary data related to the topic is questionnaire(Neelankavil,2015).Researcherhasusedquestionnairetechniquefor accumulating the information related to the topic in order to provide participants an ease in providing answers to questions.Questionnaire form consist of close ended question , such techniquehas been used by researcher based on the assumption that it will help them in gathering relevant answers. Books, Journals, Online articles, Company sales and other reports has been used by researcher for accumulating the secondary data related to the topic (Mackey and Gass, 2015). Data analysis:It includes refining of data in order to draw meaningful information. This research activity assist scholar in reaching to the conclusion and helps them in making an appropriate decision (Quinlan, Babinand Griffin,2019). Scholar in present study has used thematic analysis for analyzing the data. Rationale for selecting the thematic analysis by scholar is that this technique provides investigator an ease in analyzing the systematic pattern of response provided by participates. The themes are prepared by researcher on the basis of questions and answers, Investigator has also usedgraph and table, reason for making the research report presentable and professional. Questionnaire Name: Department: Designation : Ques 1. What types of effect globalization have on the marketing activities of Nike ?
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ï‚·Positive ï‚·Negative ï‚·Both Ques 2. What is the main challenge faced by Nike in context of marketing products or services at global level? ï‚·Norms and ethical challenges ï‚·Economic challenges ï‚·Cultural challenges Ques 3. What is the main marketing activity in which Nike is facing issue In context of global marketing? ï‚·Recruitment and posting of sales force ï‚·Sales Promotion ï‚·Execution of advertisements Ques 4. How much agree you are with the statement that globalization has direct effect on the marketing activity of organization ? ï‚·Completely agree ï‚·Partially agree ï‚·Completely disagree Ques 5 . Does is there any changes in promotional activities of firm after globalization ? ï‚·Yes ï‚·No ï‚·Don't Know Ques 6. Which is the main factorin global environment that influence marketing activity of firm? ï‚·Legal factors ï‚·Cultural factors ï‚·Technological factor Ques 7. According to you the strategy which can be utilized by form forresponding to globalization and improving marketing activities ï‚·Joint venture
ï‚·Outsourcing ï‚·Merger LO 3 P5. Analysing research and data utilizing tools as well as Techniques Thematic analysis is the technique which has been used by scholar in present study for analyzing the information collected from primary and secondary sources. Theme 1 : Type of effect globalization have on the marketing activities of Nike Ques 1.What types of effect globalization have on the marketing activities of Nike ? ï‚·Positive10 ï‚·Negative6 ï‚·Both4 Interpretation :From the above diagram it has been interpreted that out of 20 participants, 10 perceives that globalization have positive impact on marketing activity of an organization. Those PositiveNegativeBoth 0 1 2 3 4 5 6 7 8 9 10 Series1
peoplehavestated soasthey haveanalysesthat with the globalization therehasbeen advancement in technology which has assisted firm in improving marketing activity. Theme 2 : Main challenge faced by Nike in context of marketing products or services at global level Ques 2.What is the main challenge faced by Nike in context of marketing products or services at global level? ï‚·Norms and ethical challenges12 ï‚·Economic challenges5 ï‚·Cultural challenges3 Interpretation : It has been interpreted from the information present in the table that there are 12 people out of 20, who stated that firm is facing the issues in marketing at international level due to strict norms. They have also analyzed that an organization is facing ethical challenges in context of international marketing. It is required BY Nike to develop promotional planby considering the laws and regulation r of nation. Norms and ethical challenges Economic challenges Cultural challenges 0 2 4 6 8 10 12 Series1
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Theme 3: Main marketing activity in which Nike is facing issue In context of global marketing Ques 3. What is the main marketing activity in which Nike is facing issue In context of global marketing? ï‚·Recruitment and posting of sales force3 ï‚·Sales Promotion7 ï‚·Execution of advertisements10 Interpretation :From the above graph, it has been found there are 10 respondents out of 20 who answered that main marketing activity in which Nike is facing issue In context of global marketing is related to execution of advertisement.Those people have given such response based on the strict rule related to marketing implemented by government. Recruitment and posting of sales force Sales Promotion Execution of advertisements 0 1 2 3 4 5 6 7 8 9 10 Series1
Theme 4: Agree you are with the statement that globalization has direct effect on the marketing activity of organization Ques 4. How much agree you are with the statement that globalization has direct effect on the marketing activity of organization ? ï‚·Completely agree16 ï‚·Partially agree3 ï‚·Completely disagree1 Interpretation : From the above graph, it has been analyzed that out of 20, 16 participants have shown their complete agreement with the statement that globalization has direct effect on the marketing activity of organization. Those people have given such answer that changes in the economic and especially social changes in business environment impacts promotional activities of firm. Completely agreePartially agreeCompletely disagree 0 2 4 6 8 10 12 14 16
Theme 5. Is there any changes in promotional activities of firm after globalization Ques 5 . Does is there any changes in promotional activities of firm after globalization ? ï‚·Yes12 ï‚·No5 ï‚·Don't Know3 YesNoDon't Know 0 2 4 6 8 10 12 Series1
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Interpretation : From the above graph, it has been analyzed that out of 20,12 participants have responded that yes there has been changes in the promotional activities of firm. Those 12 respondents have stated so as they have observed company using new techniques for promoting brand. Theme 6. Main factor in global environment that influence marketing activity of firm Ques 6. Which is the main factor in global environment that influence marketing activity of firm? ï‚·Legal factors6 ï‚·Cultural or social factors10 ï‚·Technological factor4 Interpretation : It has found by analyzing the information present in the table that there are 10 participants out of 20, those whoperceive that socialfactors highly influences an organization to bring improvement in marketing activities. They have given such response by analyzing that considering the trend an enterprise is using new marketing channel such as social media fort promoting goods.
Theme 7.Strategy which can be utilized by form for responding to globalization and for improving marketing activities. Ques 8. According to you the strategy which can be utilized by form for responding to globalization. Legal factorsCultural pr socialfactorsTechnological factor 0 1 2 3 4 5 6 7 8 9 10 Joint ventureOutsourcingMerger 0 1 2 3 4 5 6 7 8 9 10 Series1
ï‚·Joint venture10 ï‚·Outsourcing6 ï‚·Merger4 Interpretation : From the above graph, it has been found that out of 20, 10 respondents those who think that joint venture is the best strategy utilizing which firm can respond to globalization and improve marketing performance. P6. Communicating appropriate recommendation as a result of research and data It has been concluded from, the above that globalization has direct and direct effect on the marketing activity of an organization. The other fact which has been found during the study is that with the globalization there has been evolution of many new techniques which can be utilized by an enterprise for improving marketing activities. It has been recommended to marketing manager in NIKE that they should use advance technology for promoting the brand, as this tactic will help them in providing an appropriate response to globalization. The other suggestion to an enterprise is that they should outsource their marketing activity as this tactic will help them in elimination ethical or legal issues . It has been recommended to marketing manager in an enterprise to conduct market research and then Joint ventureOutsourcingMerger 0 1 2 3 4 5 6 7 8 9 10 Series1
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make promotional plans.As marketing research will assist them in addressing the issue or challenges which might occur in promoting products or services. LO 4 P7 . Reflection on value of undertaking research for meeting stated objectives. By participating in research, I have learned about the concept of globalization and its effect on marketing activity of company.I came to know about the factors which influence promotional activities by firm. As I already have some knowledge about research methods I made significant contribution in achievement of desired aims and objectives.I have suggested new ideas for collecting data or information related to the topic. By participating in investigation procedure I had gained practical experience which will be helpful for me in executing fuhrer research in the future. I have developed various abilities such as problem solving and research skills which is very much essential in context of continuing profession in same field.I have gained depth knowledge about the research methodology. Overall my experience of participating in research was good and I have learned many things about the investigation procedure.I have been successful in completing the research project on time by implementing an effective time management strategy. By applying an effective research methodology I have been successful in accomplishing desired aims and objectives.I have all themarketing related issues which are faced by Nikedue to globalization. In research project all the factors which has influenced marketing activities of Nike.
REFERENCES Books and Journals: Reuer,J.J.,Hoffmann,W.,andShipilov,A.,2019.Theinterplayofcompetitionand cooperation.Strategic Management Journal.39(12). pp.3033-3052. Bell, E., Bryman, A. and Harley, B., 2018.Business research methods. Oxford university press. Berning, S.C., and Holtbrügge, D. 2019. Market entry strategies and performance of Chinese firms in Germany: The moderating effect of home government support.Management International Review.58(1). pp.147-170. Blamey, J. and Thompson, J.W., 2017.Modern Moral Philosophy. Macat Library. Flick, U., 2015.Introducing research methodology: A beginner's guide to doing a research project. Sage. Friday, D., Ryan, S., Sridharan, R. and Collins, D., 2018. Collaborative risk management: a systematic literature review.International Journal of Physical Distribution & Logistics Management.48(3). pp.231-253. Glesne, C., 2015.Becoming qualitative researchers: An introduction. Pearson. Kumar, V.D., 2017. Qualitative research: The philosophy behind the road less taken.Journal of Current Research in Scientific Medicine.3(2). pp.134 Lasserre, P., 2017.Global strategic management. Macmillan International Higher Education. Lewis,S.,2015.Qualitativeinquiryandresearchdesign:Choosingamongfive approaches.Health promotion practice.16(4). pp.473-475. Liu, H., 2020.Foreign Direct Investment and Strategic Alliances in Europe. Routledge. Mackey, A. and Gass, S. M., 2015.Second language research: Methodology and design. Routledge. Neelankavil, J. P., 2015. Primary Data Collection: An Introduction to Conclusive Research. InInternational Business Research(pp. 146-163). Routledge. Quinlan, C., Babin, B., Carr, J. and Griffin, M., 2019.Business research methods. South Western Cengage.
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