Table of Contents TITLE:............................................................................................................................................1 CHAPTER 1: INTRODUCTION....................................................................................................1 OVERVIEW OF TOPIC.............................................................................................................1 BACKGROUND OF RESEARCH.............................................................................................1 RATIONALE OF TOPIC...........................................................................................................1 RESEARCH AIMS.....................................................................................................................2 RESEARCH OBJECTIVES.......................................................................................................2 RESEARCH QUESTIONS.........................................................................................................2 CHAPTER 2: LITERATURE REVIEW.........................................................................................2 The concept of globalisation.......................................................................................................2 The factors which helps Mercedes-Benz in getting success in international market..................3 The relationship between globalisation and business success of Mercedes-Benz......................4 Recommendations about strategies which leads globalisation to business success....................5 CHAPTER 3: RESEARCH METHODOLOGY.............................................................................6 TIME SCALE................................................................................................................................10 CHAPTER 4: DATA ANALYSIS................................................................................................11 CHAPTER 5: RESERACH OUTCOME.......................................................................................21 CHAPTER 6: REFLECTION AND RECOMMENDATIONS....................................................22 CONCLUSION..............................................................................................................................23 REFERENCES..............................................................................................................................24 APPENDICES...............................................................................................................................26 Research Proposal Form...........................................................................................................26 Research Ethics approval form.................................................................................................32 Questionnaire............................................................................................................................36
TITLE: “To examine the impact of globalisation on business success.” A case on Mercedes-Benz. CHAPTER 1: INTRODUCTION OVERVIEW OF TOPIC Globalisationreferstotheprocessinwhichintegrationandco-relationamong consumers, organisations, political parties, etc. is possible. Hence while conducting business operations at international level, then it is essential to perform operations in effective and relevant manner in order to compete with other organisation and maintain good brand image (Ariely, 2012). With globalisation of organisation, there might be positive or negative impact on business profits, revenues, sales, etc. Globalisation of business operations can be possible with proper planning, organising, selecting resources from best and relevant manner. In international market, changes are taking place very rapidly such as change in consumer demand, technological changes, more competition, etc. are the reasons which affects business operations. This research isbasedonMercedes-Benzwhichisbrandinauto-mobilesector.Mercedes-Benzwas established in 1886 provides premium class cars to consumers. BACKGROUND OF RESEARCH In this research, there is discussion about impact of globalisation on business. There are some changes required in business operations while performing operations at international level. In order to maintain proper working at globalise level, it is essential to accept changes which are taking at international level. Mercedes-Benz is the organisation which operates in different parts of world such as UK, USA, India and other countries. Hence managers of Mercedes-Benz takes care about trend, culture, requirements of people as per change in their geographical region. This helps to make long term relations with consumers. In order to enter in new market, there are different modes such as joint venture, franchise, take over, acquisition, etc. Managers of Mercedes-Benz has to select one because it helps to enter in new market (Asongu and De Moor, 2017). RATIONALE OF TOPIC Research is the process in which in- depth analysis is done for gaining and enhancing knowledge about specific topic. Importance behind conducting this research is to analyse impact 1
of globalisation on business success. With expansion of business, there is increment in sales which helps organisation to improves profitability and products. But there are some factors which has to be considered by managers to get positive impact. For instance: in case of change in consumer demand, then it is responsibility of managers at Mercedes-Benz to alter their products and services in order to get positive change (Byram and Parmenter, 2012). RESEARCH AIMS To examine the impact of globalisation on business success which leads to long term sustainability in industry. To examine the impact of globalisation in making business successful.A study on Mercedes- Benz. RESEARCH OBJECTIVES To understand the concept of globalisation. To determine the factors which helps Mercedes-Benz in getting success in international market. To analyse the relationship between globalisation and business success of Mercedes- Benz. To recommend the strategies which leads globalisation to business success. RESEARCH QUESTIONS Do you understand the concept of globalisation? What are the factors which helps Mercedes-Benz in getting success in international market? Which type of relationship lies between globalisation and business success of Mercedes- Benz? What are the recommendations which leads globalisation to business success? CHAPTER 2: LITERATURE REVIEW The concept of globalisation According toBresler and Stake, 2017.globalisation refers to the process in which business operations are performed at international level. This gives positive impact on sales, profits and revenues of association because consumer base gets increased. In globalisation, there are intensification of political, economical, social and cultural factors of countries. Globalisation 2
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of business can be done with participation of political parties of two or more countries. Top level managers of Mercedes-Benz has to consider economic factors of foreign country because this affects operations in negative manner. It is relevant because there are difference in economic rates,taxpoliciesofdifferentcountries.Globalisationhasmanyadvantagesaswellas disadvantages, so in this case, managers of Mercedes-Benz has to analyse external market and then take actions accordingly. For instance: manager are thinking to launch outlet in developing country such as Niger, Ethopia, Chad, Burundi, Benin, etc. so in this case, managers of Mercedes-Benz has to analyse political, economic, social factor of particular geographical region. In case of improper analysis and planning, there is negative impact on brand image of Mercedes-Benz. Hence it is clear that globalisation can be succeed with proper planning. In order to operate business at international level, it is responsibility of managers to perform operations according to external market. This helps to analyse market trend and then perform operations accordingly. With globalisation of business there is positive impact on business operations in the form of good profits, brand image, etc. While there is negative impact as well as if business operations are not performed according to geographical region (Clarke, 2013). Hence it is concluded that managers of Mercedes-Benz has to frame policies such as proper communication, marketing strategy, proper regulation of employment laws, communication with workforce, etc. Hence these policies are beneficial for achieving business aims and objectives such as good profits, business expansion, good brand image, etc. The factors which helps Mercedes-Benz in getting success in international market Mercedes-Benz is the company which provides premium class cars to consumers. Target market for Mercedes-Benz are upper class consumers of society. This organisation is best because they have best quality services with quick after sales services, etc. hence these are the factors which attracts consumers. According to Brian Abner, when managers of Mercedes-Benz expand their business at international market, then many components such as culture, legal rules and regulations etc. has to be considered to get positive return. These factors are discussed as under- Culture- Culture refers to the trend which has to be followed by specific geographical region. There is difference in culture, values and ethics of consumers as per change in region, so in this case managers of Mercedes-Benz has to analyse it before expanding business at other 3
countries. For instance: there is trend of cars for people who resides at UK because this is their living of standards and this is their basic need. While at developing countries such as Ethopia majority of people do not have good income so they can not afford high budget cars. Hence in this case managers of Mercedes-Benz has to advertise product accordingly (Conversi, 2012). Legal and regulatory barriers- There are some legal rules and regulations which are required to be followed by managers of Mercedes-Benz in order to operate in some country. Foreign government consideration-There are some regulations of foreign country which affects business operations in negative or positive manner. Mercedes-Benz can hire personnel which provide them complete information about legal regulation. As government plays crucial role in international business, so in this case prior approval, proper documentations, etc. are required to understand. With this it is ease to enter in new market and possibilities of government interference is less. For e.g. in case of developing nations there are some strict laws and government policies which affects business expansion. Hence prior to expand business these policies has to analysed (Doiz, Lasagabaster and Sierra, 2013). Business case- There is requirement of analysing case of business, sector in which Mercedes-Benz deals, etc. This helps to make changes which is significant and relevant for setting up business in international market. With proper information about company, it is easy to expand business by communicating information about their core operations. There is feasibility in external environment of country, so business case provides appropriate information to expert person. With business case it is easy to provide information about area of working. Business operations are performed at international market with interference of some existing people. There is requirement of trade mark and other intellectual rights which is significant for performing operations in more safe and secure environment. Business at new market can be extended with different modes such as partnership, joint venture, export, franchise, etc. hence managers of Mercedes-Benz has to analyse method of entering. This helps to expand operations in new market because this ease in entering in new market and expanding business. The relationship between globalisation and business success of Mercedes-Benz Globalisation of business refers to process in which business operations are performed in more than one country. Hence there is improvement in operations because there is requirement of change in plans and policies. In order to maintain changes it is essential to perform operations 4
in effective and relevant manner (Findlay and et. al., 2012). There is requirement of different resources such as employees, finance, etc. then it is important of managers of Mercedes-Benz to analyse changes. There is positive outcome when managers of Mercedes-Benz analyse external market and perform business operations accordingly. Businesssuccessrefersincrementinsales,profits,improvingbrandimage,good consumer base, etc. This can be possible with expansion of business. Hence it is clear that there is positive relationship between globalisation of operations and business success. As there is competition at international level, so managers of Mercedes-Benz has to analyse external market such as competitors policies, pricing strategies, etc. helps to sustain in market for longer period. There is different in trend, fashion, culture, income level, etc. for various countries, so it must be considered by managers. As Mercedes-Benz deals in auto-mobile sector, so in this case, it is important to analyse demandofconsumersandthenmarketproductamongthem.Forinstancemanagersof Mercedes-Benz wants to operate in under developed countries such as Ethopia, then in this case people residing in thus country have low income, hence in this case it is beneficial to launch low budget cars. People prefer to purchase it and this helps to maintain long term, existence in country. Marketing strategies such as television advertisement, social media, etc. must be familiar to people who are residing in such countries (Gale and et. al., 2013). Hence it is concluded that there is positive relationship between globalisation and business success. But managers of Mercedes-Benz has to analyse market regularly, perform operations according to society value. Hence this helps to maintain longterm relations with consumers which helps in expansion of business and earning good revenues. Recommendations about strategies which leads globalisation to business success There are different strategies through which business organisation can expand in new market. There is difference in working at national and international level. So managers of Mercedes-Benz has to change their working style such as marketing advertisement is required to be done with social media platform. As per requirement of consumer changes in quality, features of car, engine, etc. For high cars, quality of after sales services, comfortable level of consumers, etc. has to be considered by manager. According to Joanna Brassett there are some strategies followed by managers of Mercedes-Benz to get positive impact- 5
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Proper planning- Planning refers to basic management process which helps to formulate resources optimally for achieving business objectives (Gardner, 2013). When managers of Mercedes-Benz are thinking to launch new product in market, then they have to analyse type of market, price of car, marketing strategies, type of consumer, etc. with these aspects it is easy to correlated among demand of consumer and products marketed in society. When products is within budget ad according to requirement of consumers, then it helps consumers to avail services and making long term relations with them. Acquisition of resources- There is requirement of different resources such as finance, employees, technology, etc. Hence in this case managers of Mercedes-Benz has to analyse these resources which helps in promotion of business at international level. Managers of Mercedes- Benz has to analyse requirement of resources and then acquire its sources. For instance, there is requirement of steel, rubber, leather, iron, etc. then in this case managers has to plan sources through which resources are acquired. It is essential because it helps to maintain cost and helps to maintain quality of products and services. For instance: in developing countries labour is cheap, so this is advantage for Mercedes-Benz in expansion of business (Ivanov and Webster, 2012). Hiring of legal advisors- While operating business at new place there is lack of knowledgeaboutrulesandregulation,registrationlaws,taxpolicies,etc.ofparticular geographical region. Hence in order to study all these factors, it is essential that managers of Mercedes-Benz has to hire legal advisor. This reduces policies of having any legal case against organisation and business operations are performed in authentic manner. Understand local and cultural nuances- There is difference in cultural values of consumers who are residing in particular geographical region. Hence it is responsibility of manager at Mercedes-Benz to properly analyse regarding cultural values, trends, etc. which helps to perform actions according to particular geographical region. This helps to make long term relations with consumers of Mercedes-Benz because advertisements, products are as per desire of society. For instance: developed required high budget car with big size model because they prefer to purchase care of relevant brands, while in developing countries, there is more traffic, hence in this case managers of Mercedes-Benz has to provide and market size size cars. 6
CHAPTER 3: RESEARCH METHODOLOGY Research refer to the process in which data is collected in systematic manner to provide relevant information about specific topic. Hence research is time consuming complex process. There are different aspects which has to be considered by researcher to get appropriate and relevant recommendations and interpretations (Kollman, 2016). It is responsibility of researcher toformulateandthendiscussresearcherproblemswhichhelpstogetappropriate recommendations and conclusions which helps in enhance knowledge of reader and they are able to understand it properly. Research methodology refers to process in which whole research is divided into different parts. This is discussed as under- Research philosophy-Research philosophy refers to the tendency under which research project is performed. As in this research, there is discussion about globalisation, so it is easy with the help of pragmatist research philosophy to enhance appropriate knowledge about it. Apart from this there are two more research philosophy i.e. interpretivist and positivist. But in this research pragmatist is best because this provides knowledge about new aspects which is important for getting positive return. Research approach- There are different approaches which is used in conducting research to get positive outcome. There are different research approaches such as deductive, inductive research approach which significant for getting appropriate outcome (Lane, 2013.). In this research deductive approach is used which suits with pragmatist research which is relevant for getting positive return from research. With deductive approach, observation of consumers can be analysed so it is easy to get appropriate recommendation related to research topic. Research strategy- Research strategy refers to the process which has to be followed by researcher in order to achieve research aims and objectives. With forming strategy, it helps to perform research in appropriate and reliable manner. This research is conducted in order to analyse research topic which helps to get aims and objectives of research. Research choice- Research choice is the method which so used in conducting research. There are different methods which are used to conduct research, hence in this case it is responsibility of researcher to collect best method to perform business operations in effective manner. In this research, qualitative research is used which helps to get appropriate knowledge related to research topic. Primary source of data is used which is significant to personal reviews of respondents on specific topic (Mackenzie and et. al., 2012). 7
Time horizon- Time is some of the crucial factor which researcher requires to conduct research.Therearedifferentactivitiessuchasintroduction,literaturereview,research methodology, data analyse and interpretation, etc. which helps to get recommendations and conclusions related to researcher topic. Time scale is the technique which is used to analyse time required to conduct research. Hence it is easy for researcher to divide different activities within slotted time. Techniques, procedure and research instruments- This is the last layer in research onion. As per this, there are some specific procedure, instruments, techniques which are used to conduct research. With following proper tools, instruments outcomes of research is positive and it is easy to give recommendations and conclusions over it. In this research, quantitative data, qualitative data, primary and secondary source is used to conduct research which helps to get appropriate and relevant information. When these sources are used then information is more specific and reliable so it is easy to give recommendation and interpretations over it. Data is collected with the help of qualitative and quantitative data (McCusker and Gunaydin, 2015). As per quantitative data, information is collected in numerical terms which provides knowledge about how much, how many, etc. Information collected with the help this source is represented in the form of name, code, symbols, etc. because in this there is use off numerical and statistical data. By using this method, it is easy for researcher to provide justification by showing justified numerical data. In this method reviews can be collected with the hlp of survey polls, questionnaire, etc. Qualitative data refers to method which collects information in quality form. This method is used to collect information on the basis of observation and does not represents in numerical data. With this method, it is easy to get answer of “Why” when some specific interpretation is given. In this method information is collected with the help of one to one interview, focus group, etc. In this research, qualitative research is used because this provides more authentic information which helps to get reason behind some specified view, hence it is easy for researcher to provide justification behind some interpretation. Data source-Research is the process in which proper and in- depth analysis on some relevant topic. This can be done with proper data collection and its interpretation. There are two methods to collect data i.e. primary and secondary data. In primary source, information is 8
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collected by research related to specific research topic (Mowforth and Munt, 2015). Hence information collected from this method is authentic and relevant because collected through one to one integration. Secondary source for collecting information refers to method in which information is gathered with the help of online sources, books, journals, magazines, etc. This data can be old and irrelevant because published in pubic article. In this research both sources are used to analyse and in- depth analysis can be done. Sampling- Sampling refers to the method which is used to collect information and data from some specific group of people from the crowd. There are two methods to collect of sampling i.e. random and non random sampling. In this research, random sampling is used. As per this method, respondents are selected without any biasness. Hence there is less possibility of getting partiality in collecting information (Potrafke, 2015). Research ethics- This research is conducted with proper ethics and code of conduct. This is the major concern for readers hence information is collected from authentic and reliable sources. This is significant to get positive outcome as recommendations and conclusions. Research limitation-Research has some limitation such as lack of time and cost. While conducting this research, there is requirement of more time to collect and interpretate data. As there are may activities which has to be considered by researcher, so due to lack of financial resources, secondary data can not collected in best and relevant manner. Research reliability and validity- This research is conducted in best and reliable manner. If any information is collected from secondary source, then appropriate links are mentioned in notes. This shows authentic of data. Primary data is collected from employees and relevant data is shown (Robertson, 2012). Research budget-There is requirement of some specific amount of funds to conduct research because thee are many activities such as introduction, literature review, data collection, etc. In this research there is requirement of £ 450. From the above discussion, it is easy to understand about prospects which is relevant and significant for achieving business objectives of research. Hence it is clear that above mentioned elements are essential to implement in appropriate manner because ithelps to get positive outcome. While conducting this research, there is use of qualitative research which provides information about reasons of getting particular outcome. Questionnaire is the technique which is 9
used by researcher as part of primary data. Questionnaire contains set of questions which related to research. This questionnaire is distributed among 50 workers of Mercedes-Benz to know there perception about globalisation. TIME SCALE Time scale is the technique which is used to determine time required to conduct research. As research is complex process and requires proper time to get authentic result. Hence with the help of time scale, it is easy to distribute time to different activities. This also helps to create awareness among team mates regarding synchronisation of activities (Rosière and Jones, 2012). Gantt chart is the technique which is used to divide research activities with respect to their time schedule. This also helps to provide information about current performance of research and creates a relationship between research activities. Hence positive outcome can be achieved. This research will completed within 10 weeks approximately. 10
CHAPTER 4: DATA ANALYSIS Data analysis refers to the process in which collected information are analysed to get interpretation and recommendations to consumers. This research is based on globalisation, hence with the help of employees it is easy to understand changes and strategies which are required to be implemented at work place by managers of Mercedes-Benz. In this research, thematic approach is sued to analyse data (Vaioleti, 2016). As per thematic approach, there is brief discussion about question which is asked with respondents. With the help of this technique, it is easy for readers to understand about question about research topic. Questionnaire Q1. Do you understand the concept of expansion of business at international level? Yes No Q2. Does globalisation affect business success of Mercedes-Benz? Yes 11
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No Q3. Which mode is best for Mercedes-Benz required to enter in new market? Partnership/ Joint venture Export/ Import Franchise Q4. Do marketing activities plays important role in operating business? Yes No Q5. What are the resources required by managers of Mercedes-Benz in order to operate successfully in international market? Employees Technology Finance All of the above Q6. What are the advantages of expanding business at international level? Economies of scale Good consumer base Increment in sales and revenues Q7. What are the elements which helps Mercedes-Benz in getting success in international market? Culture Legal and regulatory barriers Foreign government consideration Q8.WhatarethemajorchallengeswhichmanagersofMercedes-Benzfacewhile globalisation of business? Competitive environment Change in consumer demand Lack of adaptability Q9. What are the ways through which Mercedes-Benz can overcome issues faced while globalisation of operations? Proper planning 12
Employee engagement Regular market analysis Q10. Recommendations to Mercedes-Benz to get business success? DATA INTERPRETATION Theme 1: Concept of expansion of business at international level Q1. Do you understand the concept of expansion of business at international level? Frequency Yes40 No10 Interpretation-From the above discussed graph, out of 50 respondents, 40 respondents are aware about concept of globalisation, while remaining 10 employees are not aware about it. So it is interpreted that it is easy for manager of Mercedes-Benz to create awareness among small group of people. Theme 2: Affect of globalisation 13 YesNo 0 5 10 15 20 25 30 35 40 40 10 Frequency
Q2. Does globalisation affect business success of Mercedes- Benz? Frequency Yes35 No15 Interpretation-As per above mentioned graph, it is analysed that as per majority of respondents i.e. 35 employees globalisation affects business in negative or positive manner. While remaining 15 have view that globalisation does not affect business. So it is concluded atht globalisation affects business. Theme 3: Modes to enter in international market Q3. Which mode is best for Mercedes-Benz required to enter in new market? Frequency Partnership/ Joint venture18 Export/ Import12 Franchise20 14 YesNo 0 5 10 15 20 25 30 35 35 15Frequency
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Interpretation-There are different types of entry mode in international market which managers of Mercedes-Benz can adopt. After analysing pros and cons best among them must be selected. As per above picture it is clear that out of 18 respondents partnership or joint venture is best, 12 employees favours for export or import and remaining 20 favours for franchise. Hence it is concluded that franchise is the best method to enter in new market for expansion. Theme 4: Role of marketing activities Q4. Do marketing activities plays important role in operating business? Frequency Yes34 No16 15 Partnership/ Joint ventureExport/ ImportFranchise 0 2 4 6 8 10 12 14 16 18 2018 12 20 Frequency
Interpretation-In expansion of business, there is involvement of different departments such as marketing, HR, research and development department, etc. As per above mentioned graph, it is concluded that out of 50 employees 34 says that marketing activities plays crucial role remaining 16 says that this department is not relevant. Hence in this case, it is clear that marketing activities has to be performed in effective manner which helps to attracts consumers. Theme 5: Resources required to operate at international level Q5.Whataretheresourcesrequiredbymanagersof Mercedes-Benzinordertooperatesuccessfullyin international market? Frequency Employees10 Technology18 Finance10 All of the above12 16 YesNo 0 5 10 15 20 25 30 35 34 16Frequency
Interpretation-Whileoperatingbusinessatinternationallevel,therearedifferent resources which helps to perform operations in best manner. As per above graph, it is clear that according to 10 respondents work force is essential, 18 favours for technology aspect, 10 give view for financial requirement and remaining 12 says that all the elements are required. Hence it is clear that technology is main component which has to be considered by managers of Mercedes-Benz while expansion of business. Theme 6: Advantages of expanding business at international level Q6.Whataretheadvantagesofexpandingbusinessat international level? Frequency Economies of scale13 Good consumer base17 Increment inn sales and revenues20 17 EmployeesTechnologyFinanceAll of the above 0 2 4 6 8 10 12 14 16 18 10 18 10 12 Frequency
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Interpretation-From the above discussion, it is clear that there are some advantages with the help of expansion of business at international level. As per 13 respondents, with globalisation of business, economies of scale can be achieved, 17 employees say that good consumer base is ready for Mercedes-Benz, while remaining 20 employees says that with globalisation increment in sales is possible. Hence it is clear that with the help of change of globalisation of business growth is possible. Theme 7: Elements helps to get success at international level Q7. What are the elements which helps Mercedes-Benz in getting success in international market? Frequency Culture14 Legal and regulatory barriers19 Foreign government consideration17 18 Economies of scale Good consumer base Increment inn sales and revenues 0 2 4 6 8 10 12 14 16 18 20 13 17 20 Frequency
Interpretation-There are some elements which has to be considered by managers of Mercedes-Benzwhileconductingbusinessoperationsatinternationallevel.Asper14 respondents, culture of particular geographical region is most important aspect which as to be considered while globalisation of business. 19 employees favour that manger has to follow and consider legal aspect while performing operations. While lastly 17 respondents has to consider foreign government policies because they are the party which frames policies for legal and ethical working. Hence at last, it is concluded that legal regulations has to be followed to get success and possibilities of legal issues is less. Theme 8: Challenges faced by managers of Mercedes-Benz Q8.Whatarethemajorchallengeswhichmanagersof Mercedes-Benz face while globalisation of business? Frequency Competitive environment10 Change in consumer demand19 Change in political policies21 19 Culture Legal and regulatory barriers Foreign government consideration 0 2 4 6 8 10 12 14 16 18 20 14 19 17 Frequency
Interpretation-There are many issues which arise while performing business operations at international level because there is difference in political policies of every country. According to 10 respondents competitive environment is issue at organisation. 19 employees have view that change in consumer demand also affects business growth at international level. Remaining 21 employees feels that change in political policies affects business operations at international level. Hence it is concluded that change in political policies is major issue faced by managers of Mercedes-Benz while operating business at international level. Theme 9: Ways to overcome issues in operating business Q9. What are the ways through which Mercedes-Benz can overcome issues faced while globalisation of operations? Frequency Proper planning14 Employee engagement16 Regular market analysis30 20 Competitive environment Change in consumer demand Change in political policies 0 5 10 15 20 25 10 19 21 Frequency
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Interpretation-As per above graph, it is clear that out of 50 respondents, 14 feels that proper planning is done to overcome ways to deal with issues at international level. 16 respondents feels that employee engagement helps to provide knowledge about changes which are required to be performed at international level. Remaining 30 respondents have view that regular market is important component to deal with issue at international level. Hence it is interpreted that managers at Mercedes-Benz has to make strategies for regular market and regular interaction with employees. CHAPTER 5: RESERACH OUTCOME In this research, there are two methods to collect information i.e. primary and secondary sales. As per change primary method, it is interpreted that according to 35 respondents globalisation affects business. There are different modes of enter in international market i.e. joint venture, export/ import, franchise, etc. Managers of Mercedes-Benz use appropriate mode which is relevant according policies, cost, etc. Marketing department of Mercedes-Benz plays crucial role in performing operations at international level. In order to operate at globalise level, there is 21 Proper planning Employee engagement Regular market analysis 0 5 10 15 20 25 30 14 16 30 Frequency
requirement of some resources such as work force, finance, etc. Hence it is responsibility of managers to plan it in appropriate way which helps to achieve business aims and objectives. With expansion of business, there are some advantages such as achieving economies of scale, increase consumer base, etc. which helps in organisational growth and development. There are some elements which has to be considered by managers such as culture, legal aspects, etc. This helps in proper flow of work without interference of political party. At last it is analysed that there are someissues while operating at international level such as competition in market, change in consumer demand, etc. In order to deal with them, it is concluded that there are some ways to deal with them such as proper planning, regular market analysis, etc. this helps to know about competitors and taking actions according to accordingly. With the help of secondary data theoretical knowledge about globalisation is achieved. Globalisation is the process in which commercial activities are performed at globalise level. There are some advantages as well as disadvantage while conducting business at international level. For instance: while conducting business at global level, there is improvement in sales and profits. Managers of Mercedes-Benz has to expand cost in market which is costly approach for company. There are some aspects which has to be followed such as culture of specific country, legal rules and regulation, foreign government policies, etc. With considering this it is easy to perform activities which is significant for getting positive growth of organisation. This helps to analyse that there is positive relationship between business growth and globalisation with regular market analysis and taking feedback from consumers. CHAPTER 6: REFLECTION AND RECOMMENDATIONS REFLECTION While conducting this research, I am able to understand concept of globalisation. This helps me to understand techniques which has to be followed in order to get positive impact. I am able to understand importance of globalisation for organisation in the form of improvement in sales, revenue, etc. Apart from this I am able to enhance my knowledge related to tools and techniques to be followed while conducting research such as time scale, Gantt chart, research methodology, etc. I am able to achieve aims and objectives because collected information is relevant and authentic. This helps me to justify my points in recommendations and conclusions. In near future I am able to perform research in more authentic and relevant manner. 22
RECOMMENDATIONS There are some recommendations for Mercedes-Benz which helps them to out shine at international market, these are discussed as under- Managers of Mercedes-Benz must hire legal advisor which provides them information about rules and regulations which has to be followed and in case of change in legal aspects, alterations in business operations can be done. Research and marketing department of Mercedes-Benz must work hard to get positive results because there is difference in demand, cultural values, etc. of consumers per change in geographical region. While expanding business at international level, managers must communicate with workers which helps them to perform operations under innovative environment. Manager must plan activities after considering all the resources this is relevant for creating synchronisation in activities of workforce. Managers of Mercedes-Benz must analyse competitors policies which helps to achieve competitive advantage and they are aware about changes which are taking place in competitor's strategy. CONCLUSION From the above discussion, it is clear that globalisation refers to interrelation among consumers, organisations and political parties, hence organisation has more scope for performing its operations. Hence it is concluded that mangers of organisation has to alter their working activities with regular market analysis. With the help of this research, information about tools and techniques such as Gantt chart, time scale, etc. to be followed by researcher to get proper and authentic outcome. While conducting this research, use of primary source and secondary source is used. Questionnaire is theused to collect information as primary source, so it is easy to get personal interaction with respondents to collect information. 23
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REFERENCES Books and Journals Ariely, G., 2012. Globalisation and the decline of national identity? An exploration across sixty‐ three countries.Nations and Nationalism. 18(3). pp.461-482. Asongu, S. A. and De Moor, L., 2017. Financial globalisation dynamic thresholds for financial development: evidence from Africa.The European Journal of Development Research. 29(1). pp.192-212. Bresler, L. and Stake, R. E., 2017. Qualitative research methodology in music education. In Critical Essays in Music Education(pp. 113-128). Routledge. Byram, M. and Parmenter, L. eds., 2012.The Common European Framework of Reference: The globalisation of language education policy(Vol. 23). Multilingual matters. Clarke, T., 2013. The advance of the MOOCs (massive open online courses) the impending globalisation of business education?.Education+ Training. 55(4/5). pp.403-413. Conversi, D., 2012. Irresponsible radicalisation: diasporas, globalisation and long-distance nationalism in the digital age.Journal of Ethnic and Migration Studies. 38(9). pp.1357- 1379. Doiz,A.,Lasagabaster,D.andSierra,J.,2013.Globalisation,internationalisation, multilingualism and linguistic strains in higher education.Studies in higher education. 38(9). pp.1407-1421.\ Findlay, A. M. and et. al., 2012. World class? An investigation of globalisation, difference and international student mobility.Transactions of the Institute of British Geographers. 37(1). pp.118-131. Gale, N. K. and et. al., 2013. Using the framework method for the analysis of qualitative data in multi-disciplinary health research.BMC medical research methodology.13(1). p.117. Gardner, A., 2013. Thinking about Roman imperialism: postcolonialism, globalisation and beyond?.Britannia. 44. pp.1-25. Ivanov, S.H. and Webster, C., 2012. Tourism’s impact on growth: the role of globalisation. Annals of Tourism Research. 41. pp.231-236. Kollman, K., 2016. Same-sex unions: the globalisation of an idea. InThe same-sex unions revolution in western democracies. Manchester University Press. Lane, P.R., 2013. Financial globalisation and the crisis.Open Economies Review. 24(3). pp.555- 580. Mackenzie, J. and et. al., 2012. The value and limitations of participatory action research methodology.Journal of hydrology. 474.pp.11-21. McCusker, K. and Gunaydin, S., 2015. Research using qualitative, quantitative or mixed methods and choice based on the research.Perfusion. 30(7). pp.537-542. Mowforth, M. and Munt, I., 2015.Tourism and sustainability: Development, globalisation and new tourism in the third world. Routledge. Potrafke, N., 2015. The evidence on globalisation.The World Economy. 38(3). pp.509-552. Robertson,R.,2012.Globalisationorglocalisation?.JournalofInternational Communication.18(2). pp.191-208. Rosière, S. and Jones, R., 2012. Teichopolitics: Re-considering globalisation through the role of walls and fences.Geopolitics. 17(1). pp.217-234. Vaioleti, T. M., 2016. Talanoa research methodology: A developing position on Pacific research. Waikato Journal of Education. 12(1). 25
Wahyuni, D., 2012. The research design maze: Understanding paradigms, cases, methods and methodologies. White, R., 2013. Globalisation and environmental harm. InGlobal Environmental Harm(pp. 21- 37). Willan. Young, M., 2012. Education, globalisation and the ‘voice of knowledge’. InEducating for the Knowledge Economy?(pp. 151-163). Routledge. Online Abner. B., 2015.4 considerations before taking your business international.[Online]. Available through:<https://www.bizjournals.com/bizjournals/how-to/growth-strategies/2015/02/ considerations-for-taking-your-business-global.html>. Brassett. J., 2018.5 Smart Strategies to Help You Go Global With Your Brand.[Online]. Availablethrough:<https://www.inc.com/joanna-brassett/5-smart-strategies-to-help- you-go-global-with-your-brand.html>. 26
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APPENDICES Research Proposal Form Student Name: ______________________Student ID: ____________ Centre Name:_____________________ Tutor:________________Date: ___________________ Unit:____________________ Proposed Title:______________________________________________ Section One: Title, objective, responsibilities Titleorworkingtitleoftheresearchproject(intheformofa question, objective or hypothesis) “To examine the impact of globalisation on business success.” A case on Mercedes-Benz. Research objectives (e.g what is the question you want to answer? What do you want to learn how to do? What do you want to find out?): Research objectives To understand the concept of globalisation. TodeterminethefactorswhichhelpsMercedes-Benzingettingsuccessin international market. To analyse the relationship between globalisation and business success of Mercedes- Benz. To recommend the strategies which leads globalisation to business success. Research questions Do you understand the concept of globalisation? What are the factors which helps Mercedes-Benz in getting success in international market? Whichtypeofrelationshipliesbetweenglobalisationandbusinesssuccessof 27
Mercedes-Benz? What are the recommendations which leads globalisation to business success? Section Two: Reasons for choosing this research project Reasons for choosing the project (e.g links to other subjects you are studying, personal interest, future plans, knowledge/skills you want to improve, why the topic is important): This research is conducted on this topic because this helps to know impact of globalisation on business growth. Hence researcher is able to understand about changes which is significant for getting knowledge about factors which has to be considered. In order to analyse changes in business operations to get positive outcome. Hence it helps to understand changes which is relevant and significant to get positive return. This helps to understand about external market changes which is relevant for improving innovative skill in researcher. Section Three: Literature sources searched Use of key literature sources to support your research question, objective or hypothesis: https://www.bizjournals.com/bizjournals/how-to/growth strategies/2015/02/considerations-for-taking-your-business-global.html This link has provided the data written by Brian Abner on the concept of Globalisation. It gives evidences how this term helps a company like Mercedes-Benz in expanding its business across the country. It emphasis on four main factors that are- culture, legal and regulatory barriers, foreign government consideration and business case. Thus, it helps researchers in gathering proper information to understand globalization. https://www.inc.com/joanna-brassett/5-smart-strategies-to-help-you-go-global-with- your-brand.html Through this link, researchers have identified some strategies through which Mercedez- Benzcanexpanditsbusinessininternationalmarket.Thiswouldhelpingiving recommendation for respective company for the same. https://smallbusiness.chron.com/globalization-affect-organizations-business-approach- 20077.html It wouldaid researchers in analyzing how globalization affect business approach and assist Mercedes-Benz to make changes in its policies and strategies accordingly for globalizing the business. Section Four: Activities and timescales Activitiestobecarriedoutduringtheresearch project(e.gresearch,developmentandanalysisofHowlongthis 28
ideas,writing,datacollection,numericalanalysis, tutormeetings,productionoffinaloutcome, evaluation, writing the report): Therearedifferentactivitieswhichhastobefollowed while conducting research. It is important because with the help of these activities, it is easy to perform activities which in synchronise and appropriate manner. Activities to conduct research is as under- Introduction-Thisisthefirststepinresearchwhich provides information about background, significance and scope of conducting research. Aims and objectives- After understanding introduction, ext step is setting aims and objectives. This is the crucial step because research is based on this section. Aims which has to be achieved on completing of research is understood here. Literature review- Literature review provides introduction about aims which are finalised. This is conducted to give appropriate information to reader on the basis of authors. Researchmethodology-Researchmethodologyisthe processunderwhichproper informationabout different techniques such as data approach, data analysis, etc. are discussed.Withthisitisclearwhichtoolisusedto conduct research. Collectionofdata-Collectionofdatareferstocollect primary data from respondents to give interpretation and recommendations. Analysisofdata-Dataiscollectedfromsecondaryand primarysource,sointerpretationisprovided.Thisis relevant for giving interpretation on collected data. Conclusion and recommendations- After analysis of data, conclusion and recommendations are provided to company inordertoovercomeissueswhichorganisationface performing operations. will take: 2 days 3 days 12 days 15 days 12 days 18 days 5 days 1 day 29
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Submission of final report- At last submission of report is done. Time scale is the technique which is used by researcher to analysetime required to complete research. As there are someactivitiestoachieveaimsandobjectivesand complete research within specified time. So this divides whole time in different activities time slot. Milestone one:_________________ Target date (set by tutor): ____________________ 30
Milestone two: _______________________ Target date (set by tutor): ______________________ Gantt Chart Gantt chart is the pictorial representation of research activities against its time slot. This helps to perform research in reliable and synchronise manner.Thishelpstoproviderelevantinformationtoteammates regarding performance of research activities. Section Five: Research approach and methodologies What type of research approach and methodologies are you likely to use and why? What your areas of research will cover: Quantitative data is used to perform this research because this is the method which provides reason behind some specific observation. This research is conducted in ethical and reliable manner because resources are appropriate and correct. Research approach:Research approach refers to the method which is used to conduct research which is relevant for getting positive outcome. There are two types of research approach i.e. inductive and deductive. In this deductive approach is used which provides 31
complete and relevant information about research topic. Research philosophy-Research philosophy refers to the tendency under which research project is performed. As in this research, there is discussion about globalisation, so it is easy with the help of pragmatist research philosophy to enhance appropriate knowledge about it. Apart from this there are two more research philosophy i.e. interpretivist and positivist. But in this research pragmatist is best because this provides knowledge about new aspects which is important for getting positive return. Research strategy-Research strategy refers to the process which has to be followed by researcher in order to achieve research aims and objectives. With forming strategy, it helps to perform research in appropriate and reliable manner. This research is conducted in order to analyse research topic which helps to get aims and objectives of research. Time horizon-Time is some of the crucial factor which researcher requires to conduct research. There are different activities such as introduction, literature review, research methodology, data analyse and interpretation, etc. which helps to get recommendations and conclusions related to researcher topic. Time scale is the technique which is used to analyse time required to conduct research. Hence it is easy for researcher to divide different activities within slotted time. Datacollectionmethods:Data is collected from two sources i.e. primary and secondary. Primary source is the method in which researcher collects data from respondents i.e. employees, consumers. In this research, 50 employees are selected for the purpose of collecting data. While secondary data is collected from online source, books, journals, etc. This data provides general overview about research topic. Sampling:Sampling is the method to selecting respondents to collect data on relevant topic. There are two methods of sampling i.e. random and non- random sampling. In this research random sampling is used. As per this method, there is equal possibilities of individual of getting selected. Comments and agreement from tutor Comments (optional): I confirm that the project is not work which has been or will be submitted for another qualification and is appropriate. Agreed: ________________ (name)_______________ Date ______________ Commentsandagreementformprojectproposalchecker(IV 32
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sampling) Comments (Optional): I confirm that the project is appropriate. Agreed/Disagree:(NameoftheIV) Date 33
Research Ethics approval form All students conducting research activity that involves human participants or the use of data collected form human participants are required to gain ethicalapprovalbeforecommencingtheirresearch.Pleaseanswerall relevant questions and note that your form may be returned if incomplete. For further support and guidance please see your respective Unit Tutor: Beforecompletingthisform,weadvisethatyoudiscussyourproposed research fully with your unit tutor. Please complete this form in good time before your research project is due to commence. Section 1: Basic details: Project title: “To examine the impact of globalisation on business success.” A case on Mercedes-Benz. Student name: Student ID number: Programme: College Name: Intended research start date: Intended research end date: Section 2 Project summary Please select all research methods that you plan to use as a part of your project: InterviewsYesNo QuestionnairesYesNo ObservationsYesNo Use of personal recordsYesNo Data AnalysisYesNo Action ResearchYesNo Focus GroupsYesNo Others(Please specify) : 34
Section 3:Participants Pleaseanswerthefollowingquestions,givingfulldetailswhere necessary. Will your research involve human participants? Who are the participants? Tick all that apply: Ages 12-16:Young people aged:17-18Adults How will participants be recruited (identified an approached)? Respondents are selected on the basis of random sampling. This is the method which is used to collect data which is free from personal biasness. Describe the processes you will use to inform participants about what you are doing: E- mail is the method which is used to inform respondents about research activities. This method is relevant because respondents are also liable to give revert to researcher. How will you obtain consent from participants? Will this be written? Howwillitbemadecleartoparticipantsthattheymaywithdraw consent to participate at any time? In order to obtain consent official forms are used and this is in written form. Studies involving questionnaires: will participants be given the option of omitting questions that do not wish to answer? YesNo If no please explain why below and ensure that you cover any ethical issues arising from this Studies involving observation: Confirm whether participants will be asked for their informed consent to be observed. YesNo 35
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Will you debrief participants at the end of their participation (i.e give them a brief explanation of the study)? YesNo Will participants be given information about the findings of your study? (This could be a brief summary of your findings in general) YesNo Section 4: Data Storage and Security Confirmthatallpersonaldatawillbestoredandprocessedin compliance with the Data Protection Act (1998) YesNo Who will have access to the data and personal information? Researcher access and analyse personal data from respondents because they are responsible to collect data. During the research: Researcher Where will the data be stored? Data will be stored in computerised form. Will mobile devices such as USB storage and laptops be used YesNo If Yes, please provide further details: After the research: Where will the data be stored? How long will the data and records be kept for and in what format? 36
Will data be kept for use by other researchers?YesNo Section 5 : Ethical Issues Are there any particular features of your proposed work, which may raise ethical concerns?Ifso,please outline howyou will deal with these: It is important that you demonstrate your awareness of potential risks that may arise because of your research.Please consider/address all issues that may apply. Ethical concerns may include, but are not limited to the following : Informed consent. Potentially vulnerable participants. Sensitive topics Risk to participants and /or researchers Confidentiality/anonymity Disclosures/ limits to confidentiality Data storage and security, both during and after the research (including transfer, sharing, encryption, protection). Reporting Dissemination and use of your findings. Section 6: Declaration Ihaveread,understoodandwillabidebytheinstitution’s Research and Ethics Policy:YesNo I have discussed the ethical issues relating to my research with my Unit Tutor: YesNo I confirm that to the best of my knowledge: The above information is correct, and this is a full description of the ethical issues that may arise in the course of my research Name:Date: Please submit your completed form to your supervisor and also attach to the Research Proposal when submitting to Turnitin. 37
Questionnaire Questionnaire Q1. Do you understand the concept of expansion of business at international level? Yes No Q2. Does globalisation affect business success of Mercedes-Benz? Yes No Q3. Which mode is best for Mercedes-Benz required to enter in new market? Partnership/ Joint venture Export/ Import Franchise Q4. Do marketing activities plays important role in operating business? Yes No Q5. What are the resources required by managers of Mercedes-Benz in order to operate successfully in international market? Employees Technology Finance All of the above Q6. What are the advantages of expanding business at international level? Economies of scale Good consumer base Increment in sales and revenues Q7. What are the elements which helps Mercedes-Benz in getting success in international market? Culture Legal and regulatory barriers Foreign government consideration Q8.WhatarethemajorchallengeswhichmanagersofMercedes-Benzfacewhile 38