Importance of Globalization on Economic Development of Nation

This research project aims to determine the importance of globalization on the economic development of a nation, using TESCO as a case study. The objectives include evaluating the impact of globalization on economic development and identifying the main issues of globalization. The research questions focus on the concept of globalization, its impact on the economy, and the main issues associated with it. The literature review discusses the concept of globalization, its impact on the economy, and the main issues arising from it.

Research Proposal

Table of Contents
INTRODUCTION...........................................................................................................................1
P1 Aims and Objectives...............................................................................................................1
P2 Appropriate research method.................................................................................................8
TASK 2..........................................................................................................................................10
P3 Primary and secondary research using appropriate method.................................................10
P4 Data Analysis........................................................................................................................12
TASK 3..........................................................................................................................................21
P5 Communicate research outcome...........................................................................................21
TASK 4..........................................................................................................................................22
P6 Reflection.............................................................................................................................22
P7 Alternative Methods.............................................................................................................22
Conclusion.....................................................................................................................................22

INTRODUCTION
Globalisation in recent times has played a crucial role and has primarily focussed on the
enhancing the economy of company and ultimately nation. It has opened doors and provided
firms with opportunities in exchanging some of the actions like culture, technology, trends etc.,
thus, in simple terms globalisation means broadening the range of areas towards national and
international market (Sassen, 2016). It can be said that, globalisation has served opportunities
into a platter for most of the companies which aid them in expanding their business at different
levels and with better services as well. This research project is based on TESCO Company which
is one of the leading companies in United Kingdom and providing excellent services and
facilities to its customers. Firm is not only famous in UK but because of globalisation it is
operating its business worldwide.
In addition to this, for knowing the effectiveness of globalisation this research is being
conducted. For this, aims and objectives will be formulated and this will moreover supported by
a literature review. As a result, it will assist researcher in making effective research and making
it unique as well. Other than this, appropriate tools and techniques such as data collection
process, different approaches etc., are included in this report so that the same can be done in an
effective manner. Lastly, with the help of data and information collected effective outcomes is
generated so that it can further be justified whether the findings are appropriate or not.
P1 Aims and Objectives
Background of research
Globalisation refers to the interrelationship of nations with the medium of trade and resources in
order to exchange them. It can be said that globalisation leads to growth of economies at
international level in order to increase profitability of the organisations. It has been analysed that
Globalisation also contributes in satisfying needs and wants of the customers at international
level. It also generates huge number of opportunities for large organisation as well as small scale
companies. These opportunities are in the form of covering new market, interacting with
international clients etc (Cohn, 2016). As a result, it contributes in enhancing profitability of the
companies which also increases economic growth of the country. This research project is based
on TESCO, which is among renowned British Multinational retailer headquartered in England,
United Kingdom. The company is offering its products and services at international level which
1

includes grocery products, books, electronic, financial services, internet services, clothing, toys,
software etc. TESCO is one among the leading company that organization its products and
services to large range of customers across the world. This organisation is already dealing in the
international market but they aims to execute their business operations more effectively. Their
main objective of the company is to expand their business across the global platform by
capturing the minds of domestic as well as foreign customers. In order to expand its business at
international level effectively the company have conducted an effective research which will help
them in understanding importance and benefits of globalisation (Intriligator, 2017). This research
will instruct company about various trends, challenges, issues of globalisation that impacts over
the growth of the company as well as economic development of nation both. In this regard,
overall research is conducted in effective manner for enhancing understanding of globalisation
for growth of company.
Aim
“To determine importance of globalization on economic development of nation” A case study on
TESCO
Objectives
 To determine concept of globalization
 To evaluate impact of globalization on economy development
 To examine the main issue of globalization
 To identify the relationship between globalization and economic development of nation
Research Questions
 What is concept of globalization?
 What is the impact of globalization on economy?
 What are the main issue of globalization?
Literature review
Concept of Globalisation
According to the author’s point of view Lim and Tsutsui, s(2012). It can be said that,
globalisation refers to the process which reflects interrelationship of different factors beyond the
international boundaries. Concept of globalisation occurs with the thought of considering whole
2

world as a single market where all organisation are interdependent on each other who produces
same thing, consuming similar products and often reacting to the changes in the same manner. In
other words, it can be said that globalisation can also be consider as the integration of society,
business organisation, economies over the flow of information, technologies, finance, people,
products, services, capital and ideas. The discussed is very vast and includes lots of people in
showing its effectiveness. As per evaluation, it has been observed that with the help of
globalisation organisation can easily perform their business activities easily as they can connect
to their desired company in order to use their services for business growth.
Apart from this, it can be said that this concept helps business organisation in increasing
its profitability by acquiring certain kind of facility which are available at market place in all
over the world (Lenzen, M., and et. al., (2012) In relation to TESCO, the company basically
dealing owning finest supermarket at global level. It can be said that with the help of global
trade, TESCO have not only increased its demand for good products at market place of different
nation but it also contributed to them in gaining amount of profits. Along with this, globalisation
also makes business operation more smoother as they acquire desired required resources from
other countries too on the basis of their requirement. TESCO, is using advance technology in
order to operate their effectively and efficiently. As it can be said that with the help of
technology this company can easily communicate to its customer and understand their
requirement which can be fulfilled by them properly. It can be said that as the company is
dealing at global level. Therefore, it is better for them to take regular basis feedback from
customers in order to identify their changing need. This helps the company in availing new
products in their stores as per the need of the customers.
Globalisation also helps organisation in reducing their extra expenses of organisation. For
example, TESCO is operating is stores across the world, so the company requires bulk of
manpower which can perform their work effectively. With the help of globalisation this company
can hire its own new staff in the operating country only as it helps them reducing their cost
which is being spent on employees. In addition to this, TESCO also deals in some
underdeveloped country where desired technology is not available. Therefore, the company can
also take its advanced technology to the underdeveloped country for executing its business
operation effectively. As it not simplifies the work of their employees who are working their but
it also contribute in the development of that country too.
3

Impact of globalisation on economy
As per the thought of author Lingard, (2013)it has been analysed that Globalisation is
beneficial for the overall development of the country as it impact positively over the growth of
the product too. It works as a positive element for organisation which contributes in enhancing
growth opportunity for the working company along with the economic development. It has been
analysed that with the changing it becomes easier as well as tougher for the companies perform
their business activities beyond national boundaries. As the government has increased number of
rules and regulation for business organisation in order to stop non beneficial and unethical
business activities at international level. On the other hand, globalisation has raised income level
of the company which is directly contributing in the economic development of the world. Hence,
it can be said that globalisation is somehow impacting positively in the growth of economy as
well as every individual who is related to the business operation. It has been observed that those
organisations who are operating their business activities at international level represent their
thought towards globalisation positively. As it contributes in raise of the economy and
development of the country too. For example: TESCO is owning its stores in different nations at
global level, in which they offer variety of products and services to the customers. This enhances
their figures of sales as well as revenue too. This directly contributes in increasing economy of
the country. Along with this, it also raises number of job opportunity in operating and increasing
employment rate it can be said that country can easily acquire huge amount of money with the
same in order to improve their economical condition of the country too. Impact of globalisation
is beneficial for the world as well as operating companies. Some of the benefits of globalisation
are elaborated as below in order to understand it properly.
Easy transferring of workforce: Globalisation has increased number of work force
which is important for the companies to perform their business activities in a effective manner.
It can be said that after initiation of globalisation migration of workforce has became easier and
also helps business organisation to enhance their productivity with the finest workforce. It also
increases number of opportunity for underdeveloped countries as their workforce is getting
opportunity to work in other countries for fulfilling their basic needs of themselves as well as
family. On the other hand, it is helpful for organisations too for example: If TESCO has entered
into a well developed country whose employment scale is high even for the unskilled labours
too. Then the company can hire required work force from those nation whose workers can be
4

hired at nominal prices only. As a result it saves the money of company and it also reduces
unemployment rate at global level.
Increased producing capacity of companies: Globalisation has increased number of
trading opportunities for the countries as most of the large scale believes in expanding their
business at international level which will help them in increasing their profitability ratio. It can
be said that with increase command of organisation at global level, their capacity of producing
more good and services have been increased as they huge number of manpower as well as
updated technology which contributes in increase of production. Excessive production rate
directly contributes in the increase of revenue ratio. Along with this, it also minimises cost of
production as product are manufactured in bulk. This increase profitability of the company which
is beneficial for economic development of the country too.
Huge competition: Globalisation has enhanced level of competition for the organisation
as the companies are allowed to perform their business activities at international level. It is
increase growth opportunities for companies as they sell their products and services at
international level helps them in attaining targeted goals and objective in less period of time. It
can be said that increasing number of competition helps business organisation in opening up
their mind for certain business activities which will make them understand how effective
business practices contributes in attaining targeted goals and objectives of the company. As a
result the less effective company gets opportunity adopts somewhat similar kind of strategies and
policies in order to improve their business practices.
.
Enhanced number of investor: Increasing competition highly requires large amount of
money to be invested in their project or organisation which is expanding its business activities at
international level. Organisation often influences investors in order to make them invest in their
project in exchange of certain benefits like giving them shares of company or sharing profits
with them in future. This increases flow of capital for business operations and as a result
smoother functioning of company. It increases profitability of company as well as investor which
also contributes in the overall economy.
Main issue of globalization
As per the thought of…, it has been identified that globalization has developed growth
opportunities for organization but it has also created some of major issues which impacts
5

negatively on the overall growth of world. It has been strictly realized by author that
globalization has brought leading change in the organization but at the same issue which have
been arose because of it and causes negatively on overall world. Some of the main issues that are
generated because of globalization are described as below:
Excessive consumption of resources: Globalization have increased reach of every country or
organization to each other. This makes it easier for the company to grab resources which are
necessary required by them in order to perform their business activities for maximizing their
profitability ratio. But, this access to resources is not good for the world as organizations are
using these resources out limit. As a result, excessive usage of natural resources will someday
brought its deficiency. It can be said that this smooth reach to natural resources have increased
chances for its misuse and many time organization are wasting it which is not good (Mak,
Lumbers and Eves, 2012). It has been observed that due to globalization only large or capable
organization are able to use natural resources but small companies who does not have potential
to adopt it misses its benefits.
Increased competition in job: Another issue which has been emerged with globalization is
increasing competition in job. It has been seen that globalization have helped organization to
establish their business in desired country where they can maximize their profitability ratio.
These companies have to hire required manpower to execute their business plan in effective
manner which indirectly increases competition level for candidates for similar job. Because,
company only hires most suitable candidates for vacant position in their company. Apart from
this, it can be said that business organization also takes advantage while choosing their
manpower for performing operational and other business activities (Crystal, 2013). In relation to
this, these companies are now hiring employees from under developed country at lower wages.
This directly increases competition for the employees who belongs to developed country. As in
their own country they are not employed.
Raised interdependency of countries on one another: Globalization have helped business
organistaion to operate their business activities at international level. This company can easily
connect to other companies for exchanging their product, services, raw material or any other
desirable requirement. But at the same time, it has increased their dependency on each other. It
can be said that if one organization is operating its business in some other country only with
support of existing company, it increases its interdependency and in any case that desired
6

country will not support to operating company its business will be closed forever. This shows
that globalization have made organizations dependent on each other. In addition to this, it has
been realized that this dependency also generates for increasing satisfaction level of the
customers as strong global relations helps organization in providing best quality products and
services to the customers (Milana, 2012). This increases their satisfaction level but also
influences companies to build their relationship with other organization beyond national
boundaries.
Relationship between globalization and economic development of nation
According to the point of view of (Frenk, Gómez
-Dantés. and Moon, (2014), it can be said that globalization refers to process by which
organization expand their business with other countries where they finds opportunity for them. It
allows organization to understand economical, social, political conditions of the other countries
which can be further used by them in order to gain monetary benefit in the operating countries. It
has been observed by the author that with the increase in trade among the other different
countries, overall nation of the countries are developing at highest level. As, this trade among
different countries belongs to another nation leads to only generate huge level of benefits for the
companies and its employees. But, it also contributes in the overall development of the economy
too.
Economy shows status of nation in terms of production as well as consumption of good
and services. It also describes supply of money and per capita income which depends on how
much a country export its materials in other nations.
It can be said that globalization and economic development are directly interrelated with each
other. As an economic developed country is creating lots of opportunity for itself as well as those
organization that are planning to expand their business at global level. It has been analysed that
globalization is availing lots of new technological support to the organsaition which helps them
to enhance their productivity level in effective manner. As a result these organsiation are
increasing their profitability ratio with the ehnacement of production (Lingard, 2013). This
directly contributes in the economic development of the countries too. It can be said that
increasing trade among the countries are enhancing opportunities for the local citizen to get job
of their choice with suitable salaries as a result, they can easily satisfy their needs and wants in
7

their own country. Along with this, it also leads to maximum utilization of internal resources
which can give high range of profitability of the organization as well as economic status of
countries.
Apart from this, it has been analysed that globalization is generating more profitability
for already developed country as well as developing countries. But, it does not places any
contribution in growth of underdeveloped countries as organization who feels to operate their
business at international level does not finds any opportunity of profitability or growth which
influences them to perform their business activities there. It shows that if an country is not
developing or developed then none of large organization will reflect their interest on enhancing
their business in these countries. It directly minimizes the chances of growth opportunity for its
citizen who might get work in these companies. As a result, unemployment ratio of the country
remains same and does not change the overall scenario of economic status of same country. This
reflects the interdependence of globalization and economic development of nation on each other
(Lingard, 2013). On the other hand, author says that developed countries are getting equivalent
opportunity to grow their economic status of the country as they own variety of resources which
attract various large organizations to expand their business in these countries by operating
business activities here. It can be said that these organization also shows their interest towards
developed country as they can easily acquire required resources in the same area which are
necessary for them to operate their business activities. This positive attitude of organization
toward developed countries enhances job opportunity for the local citizen as they get easily get
job with high pay scale within their nation. As a result, their earning which is generated from
their working life contributes in the economic developed of nation as well. Along with this, by
anlsaysing same concept of growth with organization’s perspective it has been seen that these
companies generates huge amount of revenue from the trading country which helps them in
achieving their targeted goals and objective in less period of time (Frenk, Gómez-Dantés and
Moon, 2014). This generated profitability ratio also contributes in the economy development of
the country as they are required to pay some sort of taxes which mandatory for them to pay
operating their business in that country. As a result, it contributes in the developed of economic
as well. By analyzing overall situation, it can be said that globalization and economic growth of
nation are highly interrelated to each other.
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P2 Appropriate research method
Primary method: This research method refers to the methodologies in which researcher directly
collects information from respondents by interacting with them directly. It is considered as an
effective method of data collection as it is first hand in nature and its collected information is
true and authentic. This method includes various sources through which data is collected that is
questionnaire, observations, field trail, interviews and focus group (Dijkstra, Garcilazo and
McCann, 2013). It has been analysed that with the support of primary method of data collection
researcher can easily find out true information which will contribute in attaining relevant
solution of problem. It is a time consuming method of data collection as researcher have to
communicate with each respondent personally which consumes huge time of researcher as well
as respondent. In many cases respondents denies giving information as it is a time consuming
process which interrupts overall process of research.
Secondary method: Secondary method of data collection refers to the investigation in
which researcher goes for gathering information from already done work of someone. In this,
findings are based on the work of someone else who has done it in the past years. Researcher
often uses online sources, books, Journals, magazines, newspaper, articles etc. for understanding
actual situation of the problem (Lingard, 2013). This method saves time and money both of the
researcher as they do not go for real method of data collection which will lots of time of them.
This saved money and time of the researcher can be in some other core areas where it is required
at most. Hence, it can be said that if an researcher wants to conduct an effective research they
should go for secondary method of data collection which helps them conducting a good research
with suitable outcome.
Quantitative: It is a systematic method of research in which information is collected in
numerical digits and statistical data. This method helps investigator in analysing collected
method effectively as it based on actual facts and exact figures. This method includes various sub
method with the help of which researcher collects information effectively that is questionnaire,
polls, surveys and many other things. As a result, quantitative method is basically based on stats
and numerical. This avoids chances cheating or unethical decisions.
Qualitative: This type of research methodology does not involve numerical value or statics
data. In this, researcher basically uses words, pictures, languages and observation for expressing
their thoughts and view point. Qualitative method can be adopted researcher for finding out
9

information from respondent in the positive manner which influence interest of respondent in
providing true information without being impartial about the asked question. As a result, with the
help of this methodology researcher can find out actual information with which attain desired
outcome for which has been conducted.
TASK 2
P3 Primary and secondary research using appropriate method
While conducting a research there are basically two methods which are being used and these
are primary method in which data are collected for the first time whereas other one is secondary
method which investigator consider books, journals, magazines etc., thus, both the methods
assist researcher in making research more effective and reliable as well. But other than this there
are two other factors which are to be consider as it can create problem for researcher in
conducting their research in an effective manner.
Cost: Doing a research is not an easy task as it requires adequate amount of money so that plans
can be executed in an effective manner. For instance: travelling, collecting data and information
from different respondents etc., requires a lot of funds so that it can be done in a better manner
(Oliver-Smith, 2013). In addition to this, time is also one factor which is to be determined
because most of the time researcher doesn’t get enough time for accomplishing the task which
can puts an impact on investigation. Therefore, all these activities were managed by researcher
so outcomes of the research can be effective in nature.
Ethical Issues: While doing a research there are certain norms which are to be followed so
that nobody’s sentiments are hurt. The word ethical is related with philosophical background and
this has a great impact on the nature and behaviour of an individual. In relation with research if
investigator has collected answers or view points of respondents than their response should not
be disclosed and should be kept confidential. Other than this, while evaluating conclusion
investigator must be not be biased as it will aid them in having proper outcomes.
Questionnaire
Q 1) Are you aware with the concept of Globalisation?
a) Yes
b) No
10

Q 2) What is the importance of globalisation for Tesco?
a) Increases profitability
b) Enhancement in usage of technology
c) Improves sales
Q 3) What are the major challenges of globalisation?
a) Increase in risk factor
b)
Q 4) Does Globalisation helps in economic development t of nation?\
a) Agree
b) Disagree
Q 5) What are the major tools of enhancing globalisation?
a) Removing trade barriers
b) International trade
c) Foreign Direct Investment
Q 6) Does globalisation impact on world civilization?
a) Yes
b) No
Q 7) What are the major factors that have contributed to globalisation?
a) Technological change
b) Difference in tax rates
c) Economies of scale
Q 8) What are the major components that have resulted in globalisation?
a) Reduction in government control
b) Communications
c) Consumer Demand
Q 9) Does globalisation leads to change in business process.?
a) Yes
b) No
Q 10) Recommendation
11

12

P4 Data Analysis
Theme 1: Concept of Globalisation
Q 1) Are you aware with the concept of Globalisation? Frequency
a) Yes 22
b) No 8
Interpretation: According to the above graph it has been analysed that 10 out of 30
respondents are in favour globalisation is an important concept as it helps in enhancing
profitability of firms as large number of customers are buying the products which are sold by
Tesco 8 out of 30 respondents argue that globalisation leads to advancement in technology which
helps in gaining attention of large number of customers. On the other side globalisation helps in
enhancing sales ratio of firms as 12 out of 30 respondents argues that globalisation helps in
enhancing overall sales index of firms.
13

Theme 2: Importance of globalisation for Tesco
Q 2) What is the importance of globalisation for Tesco? Frequency
a) Increases profitability 10
b) Enhancement in usage of technology 8
c) Improves sales 12
Interpretation: As per the above specified graph, it can be said that globalisation has its own
importance in the large organisation like TESCO, as it helps the company in performing their
business activities at international level. Along with this, it has been seen that globalisation is
increasing number of opportunities for the large organisation as with the help this they can
influence customers of other regions. It has been identified that10 respondents have said that
globalisation is increasing profitability of organisations, whereas 8 among 30 have specified that
it increases usage of technology. On the other hand, 12 respondents have stated globalisation is
increasing sales of the TESCO.
14
a) Increases profitability
b) Enhancement in usage of technology
c) Improves sales
0
2
4
6
8
10
12

Theme 3: Major challenges of Globalisation
Q 3) What are the major challenges of globalisation? Frequency
a) technology 15
b) Increasing competition 15
Interpretation: As per the above mentioned graph, it has been analysed that
globalisation is an important part of the company but it includes various challenges in its
implementation. It has been seen that 15 respondents have said that major challenge of
globalisation is Increasing competition at market place as through globalisation many companies
are entering into new market place for increasing their sales and profitability. On the other hand,
remaining 15 respondent have said that technology is the main challenge of globalisation. As,
without technology organisation can not perform their business activities in effective manner.
15
a) technology b) Increasing competition
0
2
4
6
8
10
12
14
16 15 15

Theme 4: Globalisation helps in economic development of nation
Q 4) Does Globalisation helps in economic development of nation? Frequency
a) Agree 18
b) Disagree 12
Interpretation: According to the above mentioned graph, it can be said that globalisation
is directly contributing in the economic development of the nation. As with the help of
globalisation, organisation are easily executing their activities at global level in order to expand
their business effectively. It has been observed that 18 respondents have said that they agree with
the talk that globalisation contributes in the economic development as organisation who pare
performing their business activities at national level earns huge amount of profits. This
contributes in the economic development as well. On the other hand, it has been seen that 12
respondents have disagreed with the same statement as they believe that globalisation is not
contributing in the economic development.
16
a) Agree b) Disagree
0
2
4
6
8
10
12
14
16
18
18
12

Theme 5: Major tools of enhancing globalisation
Q 5) What are the major tools of enhancing globalisation? Frequency
a) Removing trade barriers 8
b) International trade 14
c) Foreign Direct Investment 8
Interpretation: As per the above mentioned graph, it can be said that major tools which
are contributing in the enhancement of globalisation are removing trade barrier, international
trade and foreign direct investment. It has been analysed that 8 among 30 respondents thinks that
major tool of enhancing globalisation is removing trade barrier, whereas 14 of them have said
international trade is the major tool. On the other hand, it can be said that 8 respondents have
clearly expressed that foreign Direct Investments is the major tool which contributes in the
enhancement of globalisation.
17
a) Removing trade barriers
b) International trade
c) Foreign Direct Investment
0
2
4
6
8
10
12
14

Theme 6: Globalisation impact on world civilization
Q 6) Does globalisation impact on world civilization? Frequency
a) Yes 22
b) No 8
Interpretation: According to the above mentioned graph, it can be said globalisation
has great influence over the civilisation as it open up doors for the organisation to perform their
business transactions at global level. It has been seen that 22 among 30 respondents have said
that yes they do agree with the thought that globalisation impacts over the world civilisation.
Whereas, on the other hand 8 of them have denied with the thought as they do not agree with the
similar topic. It can be said that these 8 people clearly believes that globalisation is not impacting
on world civilisation as before starting of international trade individuals were performing their
work effectively at international level too.
18
a) Yes b) No
0
5
10
15
20
25 22
8

Theme 7: Major factors that have contributed to globalisation
Q 7) What are the major factors that have contributed to globalisation? Frequency
a) Technological change 13
b) Difference in tax rates 7
c) Economies of scale 10
Interpretation: From the above mentioned graph, it can be said that thee are numerous
of factors which are contributing in the globalisation. Some of them are Economies of scale,
Difference in tax rates and Technological change. It has been observed that 13 people have said
that only technological changes are contributing towards the globalisation as it helps organisation
in performing their Job responsibility in effective manner. Along with this, 7 people have said
that major factor is difference in the tax rate. This simply reflects that differentiation in the tax
directly impacts over globalisation as every country has different interest rate. Apart from this, it
can be said that 10 of them have specified that main factor is economies of scale.
19
a) Technological change
b) Difference in tax rates
c) Economies of scale
0
2
4
6
8
10
12
14

Theme 8: Major components that have resulted in globalisation
Q 8) What are the major components that have resulted in globalisation? Frequency
a) Reduction in government control 10
b) Communications 8
c) Consumer Demand 12
Interpretation: According to the above mentioned graph, it can be said major factors
which have resulted in globalisation are reduction in government control, communication and
consumer demand. It has been seen that 10 respondents have said that they believe that major
component which results in globalisation is reduction in government control. Whereas, 8 of them
have specified that most essential component is communication as with the help of
communication only people as well as companies are able to share their views and thoughts with
each other. As a result, it contributes in the interaction among individual at global level for the
purpose of achieving huge range of profitability. Apart from this, respondent have stated that
increasing demand of the customer is resulting into the globalisation as people are now expecting
to use different product and services which are originated from some another countries but they
20
a) Reduction in government control
b) Communications
c) Consumer Demand
0
2
4
6
8
10
12

want it to use in their own country. This shows that it is the demand of customers only which
leads to the globalisation.
21

Theme 9: Globalisation leads to change in business process
Q 9) Does globalisation leads to change in business process? Frequency
a) Yes 15
b) No 15
Interpretation: From the above mentioned graph, it can be said that Globalisation has
brought the leading change in business process as it has made work of organisation smoother. It
has been analysed that with the help of globalisation organisation are now able to perform their
business activities at international level effectively. It has been evaluated that, globalisation also
increases profitability of the companies by enhancing number of opportunity for organisations.
These opportunities provide variety of options to the companies which can be grabbed by them
effectively for achieving their predetermined goals and objectives. It has been identified that 15
respondents have agreed with the statement that yes globalisation leads to change in business
process. Whereas, remaining 15 have declared that they believes that globalisation is not the only
reason which leads to change in the business process but instead of this there are some factors
like change in technology, changing demand of customers etc. These stated factors also
contribution in modification of business process.
22
a) Yes b) No
0
2
4
6
8
10
12
14
16 15 15

TASK 3
P5 Communicate research outcome
As per the above mentioned report, it has been analysed that globalization refers to
interactions between organisations at a global level. It helps an organisation in creating
international free market which leads to increase its productivity and efficiency. It acts as a
source of interconnectedness for an organisation among its global population. It improves
customer reach of an organisation by free flow of goods and services internationally. It affects
both quality and standard of an individual’s life. In this context, it has been analysed that it helps
an organisation in influencing international markets. It increases competition for an organisation
and also helps in creating awareness and in analysing its customer needs at a global level. It
helps an business entity in getting access to a bigger markets and gaining cost advantages. It
makes an organisation dynamic in a business environment which leads in generating high profits.
Apart from this, it has been analysed by the researcher that globalisation has its own
impact over the economy of country. It can be said that globalisation have increased number of
opportunities for the organisation which leads to achievement in the growth of company as well
as overall nation. According to whole research, it has been identified that globalisation has
increased number of investor for the organisation like TESCO as it has great presence across the
nation. It can be said with the increasing number of investors Help Company in increasing its
capital for implementing business activities as a result it contributes in the enhancement of
profitability of organisation.
In addition to this, it has been observed by the researcher that globalisation is not only
contributing in economic development of the country but it also brings some of the major issues
to the organisation which impacts its growth as well as profitability. It has been analysed that
major issue of the globalisation is that it is increasing competition among employees as with help
of globalisation companies are now hiring workforce from underdeveloped country where they
hire workers at less wages. Along with this, another major issue of globalisation is that it has
increased excessive consumption of natural resources. As, globalisation allows organisation to
easily to reach natural resources which helps them in achieving their targeted goals and objective
with efficiency. This may result in deficiency of resources in coming future.
Along with this, it has been analysed that globalisation and economic growth of the
countries are interrelated to each other. It can be said globalisation is works as the power booster
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for large organisation as they gets opportunity to expand their business at international market
place. On the other hand it considered as non effective factor for small companies because it
does not avail similar opportunity to them.
TASK 4
P6 Reflection
As per analysis, it has been analysed that globalisation is a vast concept which does not
stick on single topic. It is required by an individual to give high preference to it in order to
understand its actual concept and benefits. It has been analysed by me that globalisation have
increased profitability ratio for the companies as it avails them numerous of opportunities. While
conducting this research, I have faced various problems in order to attain my objectives as
TESCO is one of the renown retailer of United Kingdom which owns numerous of retail stores
across the world. Along with this, I have realised large organisation feels satisfied as they are
getting huge number of opportunity to achieve targeted goal and objective of company. I have
also realised that available fund was not enough for conducting effective research as its
deficiency has stopped in collecting details in depth. Along with this, I have faced numerous of
internal as well as external factors that have stopped me executing this research in effective
manner.
P7 Alternative Methods
There is always an alternative method for doing any kind of activity so that by any means
task can be accomplished. Unlike this, for conducting the research there are other methods as
well which investigator can use different from the approach he/she is using. Therefore, for doing
this research, researcher was using questionnaire in which open ended questions were there and
for these questions options were provided. But other than this, investigator can also use interview
methods as well as it can provide detailed information related to the topic on which research is
being conducted. As a result, it will provide a different perspective and point of view for
analysing the research topic in an effective manner.
Conclusion
As per the above mentioned research report, it has been analysed that globalisation is
considered as profitability booster company as it helps them in achieving targeted goals and
objective of firm. It has been identified globalisation impacts positively on growth of company
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but along with this, it also owns some main disadvantage of it which impacts whole world. It
also aid enterprises in attaining aims and objectives of the companies. In order to make
interaction with national and international customers. Awareness on globalisation increases
opportunity to the man power of company to attain its targeted goals and objective of company.
In addition to this, it aid can bring awareness among customers about products and services also.
This aid companies in improving and increasing their sales performance by which they can
enhance their profitability ratio.
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