Contents INTRODUCTION...........................................................................................................................3 P1 Aims and objectives...............................................................................................................4 P2 Project management plan include aspect of cost, time, communication, scope, risk and resources......................................................................................................................................5 P3 Gantt Chart and Work break down structure and stages for completion...............................7 P4 Literature Review.......................................................................................................................9 P5 Research Methodology.............................................................................................................12 DATA ANALYSIS.......................................................................................................................15 P6 Conclusion and Recommendations......................................................................................25 Recommendations..........................................................................................................................26 P7 Reflection values of undertaking the research......................................................................26 REFERENCES..............................................................................................................................27 Appendix........................................................................................................................................29 2
Topic:Identifying the positive economic, ethical and cultural impacts of globalization on different business functions. INTRODUCTION Globalization define as longer term procedure in which two or more countries are coming together as one large global economy, for making international trade easier better than before. The main reason of globalization is to improve transport, make good relationship and making international trading easier (De Medeiros, Ribeiro and Cortimiglia, 2014). There are many more reasons behind the globalization that effect impact economy and nations as well as different types of business working under country. It is the process of integration and interaction among countries, government and people global. Advancement in communication and transportation technology is another reason for the growth of globalization. With the help of globalization procedure global interactions is increased and growth of international trade, culture and ideas comes along within it. It affects in both negative and positive ways. Positive economic of globalization impact different types of sector or business as it gives many benefits to them for business growth and success in new market place. Ethical and cultural also affect business functions and activities which might be beneficial or not for organization like Jaguar. Business ethics cannot be impacted through globalization ethical policies in which manager need to make their decision according to global work ethics (Hopkinson and et.al., 2018). Business ethics is guidance which help company managers to make ethical judgement in context of business growth, with globalization trade is increased, he/she is responsible to have fair or equal practices when they are dealing with customers, suppliers and workers of firm. Globalization have its side effects to improve and developed nations, these involve some elements which is jobs insecurity, terrorism, capital flows, fluctuation in prices and fluctuation in currency that influence various business functions like operations and marketing. Within new market economy culture is different from one nation to other which might beneficial or not for company (Teece, 2018). Culture difference affect global business very much that gives some opportunities and bring many challenges for firm. Globalization refers to increasing connectivity, interdependence and integration on worldwide level with respect to cultural, economic, political, ecological and technological levels. New markets have various ethics that is quite different from another country which impact new entrances as they try to entered in new market. It helps to make economies more productive and greener rather than before. It also supports to reduce 3
gender wage discrimination and provide new opportunities to men and women and residential people. Globalization contribute to improve quality of management in company as well as working conditions for individual. Positive economy is part of successful and well developed nation that concerns the explanation and description of economic phenomena (Joyce and Paquin, 2016). It influences on various business when companies is operating their business into new market there are many factors that affect financial matters and profit margin of business like interest rates, tax, stock and banks markets. P1 Aims and objectives Aim: To identify the positive economic, ethical and cultural impacts of globalization on different business function. A study is based on Jaguar company. Objectives: To determine the concept of globalization. To identify the impact of positive economic, cultural and ethical effect on business functions. To recommend strategies on how business can maintain their effectiveness. Overview of company- Jaguar is considered as one of the luxury vehicle brand of Jaguar Land Rover, it is British international car manufacturer with their headquarter in Coventry, England and Whitley. Jaguar organization is responsible for manufacture Jaguar cars until their business operations were fully merged with Land Rover. Company is founded in 1922, they build their good image in marketplace. They listed on London stock exchange and become constituent of FTSE 100 indexes. E- Pace, F type, I pace, F pace, XF, XE and XJ is included in portfolio Jaguar cars that specially grab the attention of customers because of their stylish features and structure. Organization launched different types of vehicles and designed their model within unique style different from others, which is the main point of consumer attraction (Slack, Brandon and Jones, 2018). Jaguar XK-SS, Jaguar XJ 220S and Jaguar XKR-S GT is the most expensive models manufacture by Jaguar. 4
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P2 Project management plan include aspect of cost, time, communication, scope, risk and resources Project management plan is made by project manager of organization, it is a document used to describe each phase of task, it may include many components like planning, monitoring, closing, executing and controlling. It is the aggregation of baselines and subsidiary program that include,managementplanforscope,cost,humanresources,schedule,communication, procurement and risk. It adds structure to procedure by assigning in order to all essential parts included in plan. To determine the project results, ways for achieving successful outcomes, who will be included in project and how it will be communicated and measured is the purpose of Project management plan. PMP is divided into multiple steps in which project manager work effectively. He/she creates project management plan following stimulus from key stakeholders and project team. It is kind of formal approved document that refer how tasks is monitored, controlled and executed. It may be detailed and summary document and include subsidiary management plan, baselines and other planning documents. It is used to define the best approach project unit takes to delivered intended project management scope of task. Project management plan is not make at once, it is increasingly elaborated which means thatitisrefined,updated,developedandrevisited.Itintegratedallknowledgefieldin management plan into cohesive entire, it needs to be accumulated after all elements plans have been created. There are few components covered in PMP:- Cost- Cost or budget is the main source included in Project management plan, as it helps project manager to accomplish given task appropriately on time. Well defined budget is required in temporary nature of task and it is actively organized to maintained it from sprouting starting and growing like an obnoxious weed. Cost management plan is included in PMP which provide both cost output eliminates, input cost estimates and amount of money being spent which is amount of profit estimated to be accepted. Scope- Scope management is collection of procedure used to assure that task includes all projects required to accomplished project while excluding over all work which is out of scope. Scope management plan gives details in context of how task scope will develop, verified and defined. Time 5
Time management plan is the main components of Project management plan that define what needs to be control and placed according to fixed schedule. It is very important ability to managed or organized plan. When project has been defined end and beginning, time or schedule is essential piece of puzzle. External stakeholders of company is involved in determination of deadline time or date. Likewise, changes in project schedule mid task is usually problem that require active management. Quality- When the task process deliverable there are quality standards always play essential role. It must be listed and itemized, every industry have standards quality success criteria that is looked up and particular for task with relative ease like IEEE, ASTM or ISO. Determining quality standards, measuring quality and developing strategies to meet quality standards or quality assurance are the several aspects covered in quality. Communication- The biggest source of project problem tend to be task scope, budgets and deadlines, but good communication makes it better, often good communication is only reason the issues has beenresolved.Communicationisoneofthebestandmostessentialaspectsofproject management plan. Project manager can contact with stakeholders when any issue arise that focus their interest in task. Communication helps manager to solve any conflict easily which is beneficial for business growth and success in market place. Risk- Risk is the main concern and most important components of PMP, project manager of company is facing many issues which carry risk as failure. Project manager need to be prepare for any unexpected situation that impact on project management plan and affect company financial budgets and profitable margin the most. Priority, response plan, impact, triggers, probability and description of risk is risk register fields. Resources- Materials, stock supply of money, staff and other assets that is drawn on by organization or person in order to function effectively. It is supply or source from which the benefits is produced, an item becomes resource with developing technology and time. Usually resources is knowledge, workers, energy and services that is transformed to produce profit and in procedure 6
may be made unavailable or consumed. All the above thing has been mentioned with resources of project management plan. Project unit members is often one of the critical elements in chain of successful tasks. P3 Gantt Chart and Work break down structure and stages for completion Work break down structure- Activity2 days 5. days 3 days 2 days 2 days 3 days 3 days 8 days 7 days Identify research topic Review of Literature Drafting Methodologies Complete Proposal Designing questionnaire Collection of data Analysing data and interpretation Discussion and Conclusion 7
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P4 Literature Review Theme: 1 Determine the concept of globalization. According toBozy (2019) Globalization is basically terms that can describe the political interaction, social, economic and other interrelation across the business. it is a process of integration and interaction among the business and also consider by form of capitalist expansion which integrate with nation economies in global marketplace. Globalization has grown the business in the advancement of communication technology and transportation. It has increased the global interaction come with the growth of global trade, innovation and flexible work culture. As perFuchs and Klingemann (2019) stated that globalization is an economic process of integration and interaction that associated with the culture. It involves services, goods and capital of resources, modern technology etc. It has grown the expansion of international markets or liberalise the activities related the exchange of fund and goods. Globalization has analysed the loss and profit through economic channel. It has led the global trade to allocate resources that consistent with competitive advantages. As a result, it is specialised to enhance productivity and profitability in global market. Theme: 2 Identify the impact of positive economic, cultural and ethical effect on business functions. Ijeoma and Ike (2019)Globalization is a phenomenon that the world has been going the method of change the economic, Cultural, political and environmental among different countries. It drives the consumer change their life style and living things and also prompts the enterprise to changebusinessforestablishingnewpoliciesorprocedures.Sometimes,Threatand opportunities evolved by the globalization have causes enterprise to adopt new company structure and strategies. Firm can respond on the new trends to improve their performance in global marketplace. Ontheotherhand,RaceanuandLupoiu(2019)suggestedtoenabletheglobal opportunities in the organization and easily access the world wide resources. It useful for expanding into new global and enhancing the performance of business. Vlados, Deniozos and Chatzinikolaou (2018)Ethics can be defined the system of moral values and standards. It is basically determining by social, culture, religious that effect on the business operations and functions. Ethical behaviour refers the behaviour that generally accepted 9
within specific environment or culture. Globalization is motivated by economic and technologic process which has gained more popularity among consumers and also maintain the flow of goods or services. It is desirable for consumer become addicted towards the business in terms of moral and intellectual. Karpenko and Voronzhak (2018)argue that globalization is an economic movement that significantly effect on the national and international economies. It has emerging the market where many companies are contributed to collapse many economies. Sometimes, it is known as electronic trade through internet which negatively effect of globalization. For Example- In Jaguar, The free economy or enhancement of technology have negative impact on the Laborers and employees. As per analysis, it can be determined that there are 80% unable to find the income sources. It becomes serious problem because of under privilege people that are not expected to revolt against the bad situation or conditions. As perWithers and Ebrahimpour (2018)Ethical enterprise practises in the different areas such as safety, corruption, regulatory compliance, labour and environmental have playing important role in terms of failure or success. It is relatively common by business to follow the specific rules and regulation regarding the improvement. Many companies are implemented the national or international legislation that exist to crack the corruption and also accepted the pressure of organization with local practices. The multinational companies are maintaining the highest ethical standards while operation the nation to handle the overall system of business. Theme: 3 recommended the strategies on how business can maintain their effectiveness. Bell, Bryman and Harley (2018)It has recommended to plan an effective strategy that help for increasing the productivity and profitability. Globalization offer the benefits and advantages to the global economies by creating the efficient market, controlling conflicts, spreading wealth awareness and also increasing the competition etc.It creates opportunities of different nations to experience the growth of economy due to strategy. Enterprise has planned an effective strategy to increase the good and services which produced by economy. It is generally measured the overall percentage of Gross domestic products. Wright and Schultz (2018) stated thatGlobalization has increased the marketing strategy so that many companies are used the concept to expand business across the world. It is also indicated that globalization can develop more collaboration with the global marketing activities among business in the alliances. It enables the enterprise to enhance the effectiveness of 10
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marketing in global world. In this way, it would achieve the superior marketing performance in the globalisation. It has required to control the relationship with other parties, partners and value chain. D’Amato and et.al., (2018)stated that Marketing is a conceptual and logical thing that has increased the demand in market due to globalization. It has enhanced the new technology in business operation and function. The business can be used various type of platform to interact with consumer and build a strong relationship between them. On the other hand,Schaltegger and Burritt (2018) States that the globalization is helping the business to provide the valuesof consumer which are extremely important for creating the business growth and success. Consumer value is also another strategy that can useful for organization to improve their services in marketplace. Business pay more attention on consumer demand so that it has recommended to apply the strategy for managing and controlling the business functions. 11
P5 Research Methodology Research methodology can be defined as the activity that can involve for finding in systematic manner. It is a type of framework within the case study that conducted the foundation upon the research based. It must be described the method, design, approach in highlighting practical approach in the project. This type of framework is associated with the particular set of assumption. It should be the most appropriate concept to achieve specific goals and objectives. It can be divided into different types. Research philosophy Research philosophy is a belief about the best way to gather data and understand the phenomenon should be used or analysed. It is important in the research methodology to develop new ideas, approaches and thoughts to determine the trends of project. It useful for specifying the research philosophy of case study (Hao, Farooq and Sun, 2018). Research philosophy can be divided into four different ways such as: positivism, interpretivism, realism and pragmatism etc. Researcher will use the interpretivism that help to interpret the element of case study. Thus, this philosophy is integrated with human interest into the research study. This will help for researcher to assume in reality through social constructions. It supports the researcher to analyse and evaluate the information related the research project. Research Method Research methodology is a type of process to perform specific role for analysing the data through specific method. It is mainly depending on the type of research and its purpose in case study. Research method can be divided into two different ways such as applied and fundamental research. Researcher will use the applied research on project because it is based on finding the solution of problem during research analysing. The researcher will be considering as a non- systematically inquiry which usually help for address the specific problem. Researcher must be used the applied research that specify in the better ways to recognise the variables. 12
Research Design The research design is defined the structure of scientific work that gives the appropriate direction in systematic ways. It is a sequential approach that researcher use to conduct the research study and synchronised the overall components that applicable in research project. Research design can be divided into two different ways such as conclusive and exploratory etc. Researcher will use the exploratory design to generate insight about the particular situation of case study. This type of design may explore the research question through employees but cannot offer the exact solution of existing problem or issue. Researcher will use the exploratory design to explore the topic of case study. Research Approach Research approach is important part of research project regardless of particular areas. It is a process that help to specify the approach to adopt in research by breaking down for several type of arguments. It can be divided into three different ways such as Abductive, Deductive and Inductive research. Scholar will use the inductive approach that start to collect and gather information through observation (Olson and et.al., 2018). It involves to search the pattern and explanation of case study. Researcher will ready to free in altering the direction of study. In this way, it will improve the learning experience of researcher during research analysis. Research type Research type is a method that can useful for research study to implement the concept in the further enhancement. It can be divided into three different ways such as qualitative and quantitative research type. Qualitative research is a mainly focused on observation to gather non-numerical data which is based on the exploratory research that can use to gain more understanding of underlying motivations,reasonsandopinions.Qualitativedatacollectionmethodcanusedifferent techniques such as interviews, observations etc. Quantitative research is basically used for quantify the problem and way of generating the numerical data. This research type of measurable information to formulate patterns and facts in research. Researcher will use the qualitative research because it is based on the non-numeric information that contain through notes, videos, transcripts and images etc. researcher will 13
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involve to reformulation of different stories that represented by the respondents. This type of research is mainly focused on the specific elements, theories to determine the requirement of resources in case study. Data collection method Data collection is a method of gathering the information form the validate source to determine the solution of particular problem that arise during research. Data collection method can be divided into different ways such as primary data collection and secondary data collection. Researcher will use the primary data collection that closely associated with the emotions, colour and sound etc. researcher will improve the greater depth of understanding level towards case study. It includes the questionnaires to determine the view point of people on research project. Sampling Sampling is a specific principle that can use to select the respondent of population that considered in case study. With large number population. Researcher have no choice but choose the specific number of members in research project (Kemp, 2018). Researcher will use the simple random sampling for selecting the members among the population for different range of purpose. It useful for researcher to easily understand the theory but it also difficult to perform action. Researcher will choose 30 respondents in research to perform different task. Ethical consideration Ethical consideration is important of research to maintain and manage the ethical aspects in research project. There are some common principles considered to maintain the dignity of members. Researcher must be needed to give priority of other members. Researcher will respect the dignity of participants in research project It should be maintained the confidentiality of information related the research. Individual participants will perform the role to reduce the conflict during the data collection. 14
DATA ANALYSIS Data analysis is considered as a practice of discovering the useful information in the form of inspection, cleaning and transformation of the data. Data analysis supports the conclusion and decision-making. It can also be defined as the process of evaluating the data which allows the various different types of the data to be gathered in order to find out views and opinions of the various employees to analyse the impact of the Globalisation on different functions of the business. Theme-1: Globalisation Impacts on the income generation of the country. ParticularFrequency Agree20 Strongly agree7 Neutral1 Disagree2 Total30 15
Interpretation From the above represented graph, it can be clearly interpreted that income generation of the country is influenced by the increasing effect of Globalisation. In the above mentioned table, it can be determined that maximum numberof employees agree that Income generation get effected by the impact of the Globalisation. So out of 30 number of respondents 20 agree and 7 strongly agreed on the statement. On other hand, one respondent was little confused to answer the question so he left the question. Whereas least number of people that is 2 disagreed globalisation is not only the source to generate income within the country. Theme-2:Economic Globalisation creates more jobs and opportunities for the people of the region in which the company is operating international business. ParticularFrequency Agree18 Strongly agree4 Neutral8 Disagree0 Total30 16 0 2 4 6 8 10 12 14 16 18 20 Agree Strongly agree Neutral Disagree
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Interpretation As per the above table, it can be concluded that Globalisation have contributed towards manyopportunitiesandjobswhichhelpsinwhichtheorganizationisoperatinginthe international market. Out of total 30 employees, most of them agree that it creates the jobs and employment opportunities for the people of the country in which it operates or expands the business. So it was discovered that 18 were agree and 4 strongly agreed on the statement. Whereas, 8 out of total 30 are has neither answered no and none answered yes as they are neutral and cannot decide that the Globalisation provides the employment or not. Also, none of them disagreed on the statement. Theme-3: Present labour laws within the different countries are sufficient to protect the interest of the workers. ParticularFrequency Agree8 Strongly agree13 Neutral2 Disagree7 Total30 17 Agree Strongly agree Neutral Disagree
Interpretation As per the above represented data, it can be interpreted that maximum number of employees out of 30 has strongly agreed that present labour laws would definitely influence the interest of the workers. The above data collected from the employees depicts that labour laws influence the company to hire the employees within the fixed number of wages, as it may effect the cost of the company. Out of total 30, it can be interpreted that 7 employees has clearly disagreed that labour law impacts the economic performance of the company. Also, it has been found that 2 of them are neutral who are bit confused to give the answers. Theme-4: Poverty and inequality within the countries impacts on the economic performance of the organization which is operating at global scale. ParticularFrequency Agree25 Strongly agree1 Neutral1 Disagree3 Total30 18 0 2 4 6 8 10 12 14 Agree Strongly agree Neutral Disagree
Interpretation The above represented graph has shows that economic performance of the company gets largely influenced by the poverty and inequality within the specific country. As maximum number of people has voted on the agree option say 25 and 1 more voted yes who has strongly agreed this statement. On the other hand, it can be depicted that least number of people that is 3 employees has voted on disagree. Whereas, it has been also interpreted that one among the total 30 are neutral who do not have any specific answer so they voted neutral. Theme-5: Globalisation impacts on the new business culture. ParticularFrequency Agree19 Strongly agree5 Neutral1 Disagree5 Total30 19 0 5 10 15 20 25 30 Agree Strongly agree Neutral Disagree
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Interpretation From the above graph it has been interpreted that the business culture has greatly influenced by the globalisation of the company into the international market. Also, it can be interpreted that out of the total 30 employees 19 agree and 5 among them strongly agree that globalization impacts influence the culture of the business. Also, it can be interpreted that 5 employees out of total 30 has disagreed that the globalisation influences the culture. Whereas 1 employee has one respondent was neutral who neither respondent yes and nor respond No to this question. Theme-6:Globalisation have increased the competition in the market. ParticularFrequency Agree20 Strongly agree7 Neutral3 Disagree0 Total30 20 02468101214161820 Disagree Neutral Strongly agree Agree
Interpretation From the above represented graph, it can be clearly interpreted that Globalisation has increased the competition in the market. Among total 30 there were maximum number of respondents say 20 which were in favour of the statement that due that to the globalisation in the market various existing companies face competition in the market. Whereas there was no one who disagreed that globalisation has increased the competition among various SME's in the globalised market. Although, there were 3 respondents who were neutral in giving any kind of response. Theme-7:Global competition can encourage the creativity and innovation which is helping the organization to sustain in the new market. ParticularFrequency Agree10 Strongly agree15 Neutral1 Disagree4 Total30 21 Agree Strongly agree Neutral Disagree
Interpretation As per the above stated graph, it can be clearly depicted that creativity and innovation can be influenced by the expansion of the business in a global market. The above data collected from the employees helps in analysing the researcher that most of the people have agreed that creativity and innovation helps in sustaining the business. Along with this, out of total 30 number of people, 15 agreed and 10 number of people strongly agreed the same. Whereas there were 1 respondent who was neutral and confused about the question and among total 30 candidates there were least number of employees say 400 who disagreed that the creativity and innovation influence the growth and sustainability of the business. Theme-8: Globalisation have promoted the foreign culture that have advanced the western Dominance that leads to the loss of the cultural identity ParticularFrequency Agree9 Strongly agree15 Neutral0 Disagree6 Total30 22 0 2 4 6 8 10 12 14 16 Agree Strongly agree Neutral Disagree Agree Strongly agree Neutral Disagree
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Interpretation As per the above mentioned information, it can be clearly depicted that there are 9 number of people who has agreed that the Foreign culture has been explored by the globalisation of the business at international market. Also, 15 respondents who has strongly agreed upon the question that foreign goods and culture has been explored because of the globalisation of the industries into the international market. It can also be interpreted that, there are 6 respondents among total 30 who have disagreed that globalisation is the reason behind the influence of the foreign culture within the country. Theme-9: Sales and marketing of the organization have been greatly influenced due to the impacts of the Globalisation. ParticularsFrequency Agree18 Strongly agree4 Neutral2 Disagree6 Total30 23 0 2 4 6 8 10 12 14 16 Agree Strongly agree Neutral Disagree Agree Strongly agree Neutral Disagree
Interpretation From the above mentioned information, it can be interpreted that various functions of the business get affected by as the company develop its business in an international market. Along with this, it can be determined that most of the people say 18 out of total 30 were in favour that globalisation have impacted different business functions. Whereas some of them 4 respondent has been strongly agree that different business functions get affected by the globalisation of the organization in an international market. Also, 2 respondents among total 30 were neutral as they have not attempted the question on the other hand, there were 6 number of people who disagreed that sales and marketing function is influenced by the expansion of the business activities into the international market. Theme-10:Globalisation have impacted on the ethical and moral issues of the country in which it is operating ParticularFrequency Agree12 Strongly agree18 Neutral0 Disagree0 Total30 24 Agree Strongly agree Neutral Disagree
Interpretation From the above tabular representation, it can be interpreted that moral and ethical values of the company get influences by the globalisation of the company in the international market. From the above data analysis, 12 number of respondents out of total 30 who have agreed that the moral and ethical issues of the business get affected by expanding the business in a global market. Whereas, there were 18 out of total 30 candidates who strongly agree that Globalisation impacts on the moral and ethical considerations of the business. Although, there were no one out of 30 who have disagreed on the question asked by the researcher. Theme:11 Does globalization affect organizational culture. Data Interpretation:As per the view of different candidates towards the globalization and how affects on organizational culture. Candidate:1 he said that globalization effects on the organizational culture due to lack of resource and management policies. Candidate:2 he said that globalization impact in both positive and negative ways because it can develop innovation which help for increasing functionality. On the other hand, it affects on negative ways to increase competition level. 25 0 2 4 6 8 10 12 14 16 18 Agree Strongly agree Neutral Disagree
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Theme:12 What are the economic factors that affect business. Data Interpretation:according to the candidates that provide own idea about the economic factor that affect on business. Candidate:1 He said that economic factors affects on the business in terms of higher exchange rates, taxes, recessions and inflation etc. Candidate:2He said thateconomic factor impact on the business in positive ways to improve the services and quality. Theme:13 How can negative impact of economy on business functions be reduced. Data Interpretation: Views of both the candidates were completely different i.e one of them had an idea of ways in which impact of economy on business functions be reduced, but the second candidate didn't have any idea about it. Candidate 1:Impact of negative economy can be reduced if organisation follows all government rules and regulations can help in reducing negative economy impact on business functions of an organisation. Candidate 2:had no idea about the ways in which negative impact of economy on business function be reduced. 26
P6 Conclusion and Recommendations The present research has helped in identifying the impact of the Globalisation on the different business functions. The present study has helped the researcher in determining various Globalisation influences which restricts the Jaguar company to meet its successful objectives within the business. It has also helped in effective and efficient data analysing techniques which helped in collecting various views and opinions of the employees in order to determine the impact of the Globalisation on the different business function. As per data analysis, it can be identified that globalization is directly impact on the organizational culture, environment, political and economic by using technique for qualitative analysis for conducting questionnaires with candidates who are giving their own suggestion and answer on the basis of experience. On the other hand, it can be determined that Positive economic of globalization impact different types of business as it gives many advantages to them for business growth and success in new market place. Ethical and cultural also affect business functions and activities which might be beneficial or not for organization like Jaguar. Recommendations It can be recommended that this research could have been analysed the better results if the researcher has involved large number of respondents then the researcher would be able to get huge information and views of various employees.It has been analysed the economic, culture and political environment of Jaguar which are main factors that requires to adopt new policies and procedures for improving the operational task in proper manner. Some suggestions and recommendations are described below: Globalization is a process that help for enhancing the enterprises functions into different nations and also impact on the Human resources department which are significant part of organization. HRM is considered the important when they can work under circumstances by considering the proper culture or environment. In this way, it has recommended that effective culture adopt in the organization to perform business activities in well manner. The organization should create a Risk analysis strategy in order to address the risks that are involved with the company during the globalisation of the business in an international market. Jaguar should try to expand the business in under developed and developing country where globalization bring the innovation and transmission which allows to enhance the 27
business. in this way, many consumers are attracted towards their product for increasing profitability in global marketplace. From the above research to access the impact of the positive economic, cultural and ethical implications on the business, it should be suggested for the Jaguar to understand the import and export laws seriously in order to meet the main objectives of the company as well as cost effectiveness within the firm. 28
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P7 Reflection values of undertaking the research I have learned many things during the research as it helps me out to analyse point of views and perceptions of the various respondents in order to meet the main objectives of the research.Throughouttheresearchtoaccessthepositiveeconomic,culturalandethical implications of the Globalisation on different business functions, I have identified various factors that influence the economic position of the business. I have implemented new logical conceptual things in the research project to analyse the resources which required for development. I believe that A good research can possible to have depth knowledge about the research project. I could find the different type of innovative ideas with respect to handle the complexity, issues and problem in data analysis. I could use variety of method for collecting and gathering data related the research project. From my experience, I could improve my skill and knowledge to understand the concept behind globalization in terms of economic, culture. I have used the qualitative research method by using questionnaire approach that has been takenbetterinvestigationabouttheresearchproject.Asperdataanalysis,itmustuse probabilistic sampling of 30 respondent as candidates taken perform research on data and information. It has been providing recommendation to overcome challenges and negative impact of globalization and also undertake the enterprises activities. 29
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Olson, E.M. and et.al., 2018. The application of human resource management policies within the marketingorganization:Theimpactonbusinessandmarketingstrategy implementation.Industrial Marketing Management.69. pp.62-73. Raceanu, C. and Lupoiu, D.V., 2019. GLOBALIZATION PHENOMENON: A DETERMINING FACTOR OF INTERNATIONAL MIGRATIONS?.Quality-Access to Success,20. Schaltegger,S.andBurritt,R.,2018.Businesscasesandcorporateengagementwith sustainability: Differentiating ethical motivations.Journal of Business Ethics.147(2). pp.241-259. Slack, N. and Brandon-Jones, A., 2018.Operations and process management: principles and practice for strategic impact. Pearson UK. Teece, D.J., 2018. Business models and dynamic capabilities.Long Range Planning.51(1). pp.40-49. Turker, D. and Altuntas, C., 2014. Sustainable supply chain management in the fast fashion industry: An analysis of corporate reports.European Management Journal. 32(5). pp.837-849. Vlados, C., Deniozos, N. and Chatzinikolaou, D., 2018. Global crisis, innovation and change management:Towardsanewsystemicperceptionofthecurrentglobalization restructuring.International Business Research.11(8). pp.9-29. Withers, B. and Ebrahimpour, M., 2018. The effects of codes of ethics on the supply chain: A comparison of LEs and SMEs.Journal of Business and Economic Studies.19(1). p.3766. Wright, S.A. and Schultz, A.E., 2018. The rising tide of artificial intelligence and business automation: Developing an ethical framework.Business Horizons.61(6). pp.823-832. Online Project Management Plan – The 12 Core Components.2018. [Online]. Available through : <https://www.projectengineer.net/project-management-plan-the-12-core-components/>. 31
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Appendix . QUESTIONNAIRE Q-1 Is Globalisation Impacts on the income generation of the country? a. Agree b. Strongly agree c. Neutral d. Disagree Q-2 Do you think that Economic Globalisation creates more jobs and opportunities for the people of the region in which the company is operating international business? a. Agree b. Strongly agree c. Neutral d. Disagree Q-3 Do you think that present labour laws within the different countries are sufficient to protect the interest of the workers? a. Agree b. Strongly agree c. Neutral d. Disagree Q-4 Is poverty and inequality within the countries impacts on the economic performance of the organization which is operating at global scale? a. Agree b. Strongly agree c. Neutral d. Disagree Q-5 Do you you agree that Globalisation impacts on the new business culture? a. Agree b. Strongly agree c. Neutral 32
d. Disagree Q-6 Do you think that Globalisation have increased the competition in the market? a. Agree b. Strongly agree c. Neutral d. Disagree Q-7 Do you think that Global competition can encourage the creativity and innovation which is helping the organization to sustain in the new market? a. Agree b. Strongly agree c. Neutral d. Disagree Q-8 Do you think that Globalisation have promoted the foreign culture that have advanced the western Dominance that leads to the loss of the cultural identity? a. Agree b. Strongly agree c. Neutral d. Disagree Q-9 Is sales and marketing of the organization have been greatly influenced due to the impacts of the Globalisation? a. Agree b. Strongly agree c. Neutral d. Disagree Q-10 Is the Globalisation have impacted on the ethical and moral issues of the country in which it is operating? a. Agree b. Strongly agree c. Neutral d. Disagree 33
Interview Questions Does globalization affect organizational culture? What are the economic factors that affect business? How can negative impact of economy on business functions? 34