TABLE OF CONTENTS TOPIC:.............................................................................................................................................1 1. INTRODUCTION.......................................................................................................................1 2. AIM AND OBJECTIVES............................................................................................................1 3. SCOPE AND LIMITATIONS.....................................................................................................2 4. RESOURCES AND COST.........................................................................................................2 5. PROJECT PLAN, GANTT CHART OR WORK BREAKDOWN STRUCTURE....................2 6. RISK REGISTER........................................................................................................................3 REFERENCES................................................................................................................................5
TOPIC: Globalisation 1. INTRODUCTION Globalisation is the movement of goods and services, people across the boarders. It is possible only after globalisation that organisation are moving across the boarder and start selling goods and services. Internation joint venture is occurs when tow businesses bases in two or more nations form a partnership and stars doing businesses (Bernstein and Brass, 2016).Joint Venture is one of the entry strategies that is used to enter into global markets. Globalisation has raised the popularity of joint venture at regional, local and international level. The key trends of Joint Venture are funding obligations, commonly used structures, decision making and governance processes, deadlock breakers, transfer restriction, dispute resolution etc. In this current research, researcher will use effective methods and techniques to identify the risk and benefits associated with joint venture to enter into international market. 2. AIM AND OBJECTIVES Aim: “To identify the risk and benefits associated with joint venture to enter into international market. A study on Tourism Union Internation (TUI)”. Objectives: To identify the trends of globalisation in context of entry strategies. To determine the benefits of joint venture entering into international market. To articulate the risk associated with joint venture in international business environment. To provide effective strategies for expansion of business in internation market through joint venture. Research Questions: 11What are the trends of globalisation in context of entry strategies? 11What are the benefits of joint venture entering into international market? 11What are the risk associated with joint venture in international business environment? 1
11What are the effective strategies for expansion of business in internation market through joint venture? 3. SCOPE AND LIMITATIONS Scope: Scope is the extent of it usage of the research. The scope of this present research is very broad as it is used in both corporate sector and academic sector (Binder, 2016). This present research will be used by students who are studying as they will get knowledge and understanding of globalisation international joint ventures, the risk and benefits as well as the process of research.On other hand, this research is also very helpful for the corporate sector as it will organisations identify the key trends in Joint ventures as well as it advantages and risk. Limitations: Limitations are the shortcoming which are not in hand of researcher. In this preset research, there are various types of shortcomings which are faced by researcher as follows Cost Limitation,Cost is the total amount of money incurred during the research (Silva, Torres, and Morellato, 2017).Researcher will plan the budget and allocated cost to all the research activities. But, there are some condition where cost will be exceed like in taking permission for websites an incurred various expenses like stationery, travelling cost and some other expenses too. Time Limitation:Time limitation is also one of the shortcomings that are unable to control by researcher when it exceeds. If research is not completed on time it will affect the outcomes of the research. So, in order to overcome the limitations, researcher have make a schedule for that. 4. RESOURCES AND COST Resources: Resources are the materials which are needed to carry out the research in successful way. Without the availability of research, it is not possible to carry out the research in a profound manner (Said and et.al., 2017). The resources required to conduct this present research will be financial and human resources. Researcher needs staff members, stationery items, USB, laptops for executing the research study. Cost:The total amount which is required to carry out the research is called cost. For this present research, researcher will plan the budget and distribute the cost to each task so that cost cannot be exceed from that amount. Currently this research will be completed in approximately 12 weeks. 2
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RESEARCH METHODSUSED Research Methods (Qualitative and Quantitative) Qualitative Research Approach (Deductive and Inductive) Inductive Sampling (Probabilistic and Non-probabilistic) Probabilistic Sampling. 30 senior managers of Tourism Union Internation (TUI). Data Collection (Primary and Secondary) Primary through survey via questionnaire. 5.PROJECTPLAN,GANTTCHARTORWORKBREAKDOWN STRUCTURE ActivitiesWeek 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Wee k 11 Week 12 Selection of topic Framing aim and objectives Conducting literature review Selection of research methods Completion of research proposal Conducting literature review Selection of research methods 3
Collection and Analysis of Data Drawing conclusion and framing recommendations Final submission 6. RISK REGISTER Risk Register is the document or tool that is used for risk management and project management. Researcher will formulate the risk register in order to take corrective actions so that it cannot able to affect the outcomes of the research. There are five types of risk which are associated with this present research are as follows- Physical injury like accidents, illness or disease: It might be happen that research fall ill or any accident may be their that makes delays in evaluating the outcomes. Theft and loss of data: It might be happen that data may be lost and stolen by any person. Ethical Misconduct: Researcher is aware of all the laws related in carrying the research. But it might be happen that any other person might breach the ethical practice of research (Hillso and Murray-Webster, 2017). Lackofrelevantinformation:Participantsmaynotprovideinformationtrulyand honestly that may influenced the data. Lack of interest of participants: Participants may not take interest in research. RISK IDENTIFIED LIKELIHOODIMPACTRESPONSIBILI TIES MITIGATING ACTIONS Physical injury like accidents, illness or disease. MediumHighResearcherResearcher must take proper medicines and if happen that 4
research work can be delegated to any other. Theft and loss of data. HighHighResearcher and Staff Member Set password in Laptops and USB. Ethical Misconduct. LowHighResearcherInformed Consent Lack of relevant information LowMediumResearcherIn text referencing Lack of interest of participants LowMediumResearcherBy communicating the importance and scope of research. REFERENCES Books and Journals Bernstein, H. and Brass, T., 2016. Globalisation and Restructuring in the Indian Food Industry. InAgrarian Questions(pp. 199-218). Routledge. 5
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Bnder, J., 2016.Global project management: communication, collaboration and management across borders. Routledge. Hillson,D.andMurray-Webster,R.,2017.Understandingandmanagingriskattitude. Routledge. Said, S.S., Kasuma, J., Yacob, Y., Kassim, S.A., Sarkawi, I.M. and Shahrinaz, I., 2017. Managing Risk, Networking and Managing Finance and the Successful Of Sarawak Bumiputera Entrepreneur. Silva, T.S.F., Torres, R.S. and Morellato, P., 2017, December. Potential and Limitations of Low- Cost Unmanned Aerial Systems for Monitoring Altitudinal Vegetation Phenology in the Tropics. InAGU Fall Meeting Abstracts. 6