Analysis of Globalisation Impact on SMEs

The assignment requires a comprehensive analysis of the impact of globalisation on small and medium-sized enterprises (SMEs). It involves researching and discussing various sources related to globalisation, SME development, entrepreneurship, innovation, and risk management. The student is expected to critically evaluate the existing literature and provide a detailed understanding of how globalisation affects SMEs in terms of growth, competition, and sustainability.

RESEARCH PROJECT

TOPIC: “To assess the impact of globalisation to attain business success”. A study on Tesco.
INTRODUCTION
Globalisation is a process through which organisation develop international contacts to
provide their products and services in the international market (Potrafke, 2015). The researcher
for this particular project has selected the Topic “How globalisation can drive business success”.
In this research, the researcher will first provide the aims and objectives which need to be
fulfilled by the researcher to complete the project. Moreover, it will include the literature review
in which it will provide understanding about aims and objectives of project. Furthermore, it will
provide analysis of questionnaire through data analysis. Also, the researcher will provide
findings of research through appropriate interpretation of graphs and tables.
Background of the study
New global economy has tremendously transformed economic, social, educational and
political landscape in a very indelible manner. Globalisation is the term which has enhanced
economic integration across the business of nation with regards to do free trade barrier. With the
time relevant there is also an tremendous development in doing communication across the world
because of globalisation. In the world of business, corporation has achieved huge growth with
expansiveness of resources and opportunities as well (Ball, Junemann and Santori, 2017).
Overall result of globalisation in business world is that labour competitiveness has increased
with efficiency in production.
Present report will deal with Tesco organisation which is a multinational company and
deals in items of groceries and in general merchandising. It is considered as third largest retailer
in world. Therefore, in this report case study of Tesco will be presented with appropriate method
and reviews so that better understanding of globalisation will get developed.
Rationale
Present report is formulated with proper guidance of tutor so that better results will get
develop in globalisation which drive business success. Globalisation is the factor which
tremendously expanded technological advancement in business world because of which
production activities of the companies get increases and with that efficient products are also
provided to consumers. Purpose of this study is to improve academic career so that it eliminates
the gap in writing literature which helps in long term achievement for career. This study will
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help for developing better understanding and knowledge about role of globalisation in business
world. For example: Tesco organisation has developed many strategies in order to become one of
leading global trade company in business of groceries. It has effective policies of CSR where its
stakeholders get engaged for long term basis. This report will also provide a significant help to
different researchers of the market which conducting analysis on same topic where they do not
have to develop extra time to conduct research on things which are already available in this
paper.
Therefore, rationale of this study is to analyse influence of globalisation for enterprise
success.
AIMS & OBJECTIVES
Aim:
To identify influence of globalisation for attaining business success with context of Tesco.
Objectives:
 To understand the meaning of globalisation
 To determine the influence of globalisation in business world
 To assess challenges and risks which attributes to globalisation
 To determine importance of globalisation for achieving business success
 To determine changes with globalisation in business success
Research questions
 What do you mean by the term globalisation?

 How globalisation impact upon business world?
 What are some risk and challenges which attributes to globalisation?
 How globalisation is important for achieving business success?
 Evaluate changes which drive with globalisation in business world?
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LITERATURE REVIEW
In this section of research paper, different perception of authors is to be mentioned on
selected research topics. Selected themes are term globalisation, Impact of globalisation in
business world, Assessment of risk and challenges which are attributable to globalisation,
Importance of globalisation for achieving business success, Determination of changes because
of globalisation in business success.
Theme 1: Term Globalisation
According to the views of Krugman (2017) globalisation is the term which considered as, a
state or a concept. It is a huge concept which has removed trade barriers and increased trade
across international boundaries which conduct business activity in more efficient manner. It
presents an opportunity which has increased financial condition with better job employment. In
business market also, with globalisation, consumers have more and more options for buying
same product. This globalisation era brings a revolution with innovation activities which is now
playing an essential role for the prosperity of organisation.
On the contrary Taneja, Pryor and Hayek, (2016) has stated that globalisation also comes
with two factors that is conflicts and diplomacy. It is an economic process which involves
interaction and integration which associate with social and cultural aspects. It is referred to the
process of doing communication among the people, government and companies. It is also known
as some form of capitalist which removes the barriers for doing business across the world which
helps in improving unregulated market economy. According to author, globalisation has
provided benefits to only western world.
According to views of Gandhi and et. al., (2015) Globalisation is much more than just
doing trade. It is a way which improved transportation of people and goods in last few decades.
Advancement in technologies has brought a drastic change in economic life. It majorly helps
poor countries and allows people to raise their living standards by creating huge employment. It
is seen as more simple process for doing business and to run financial market.
Theme 2: Impact of globalization in business activities
As per the view of Mutalemwa (2015); growth of business has provided a tremendous
impact on business world. With the help of this, many businesses have expanded their operations
across the world with much more improved technologies and skilled workers. Major impact is
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that it has increased worldwide competition in business because of which there is a more
increase flow of foreign investment across the countries. Through development of globalisation,
more awareness have been generated for achieving customer needs because consumers have now
become more aware for quality, service and prices of the products. Through globalisation,
businesses now able to acquire economies of large scale production by which they will able to
achieve competitive advantage. Merger and joint ventures also get increases where bigger
marketer acquires business of small marketer which allows access to associate cost advantage.
However on the critical note Bamiatzi and et.al., (2016) stated that globalisation leads to
use exhaustible resources quickly. For e.g. : China has connected to world trade organisation in
2001 December. But in 2002 use of coal has been risen up rapidly and also there has been
increase in coal consumption across the world. With globalisation also there has been increase in
oil prices across the world. It became impossible for world to bring back oil prices which was in
range of $30 to $40. It also transfers jobs from developing nations to undeveloped nations which
is becoming hard for highly-developed countries to compete in the market. For example: Tesco
is the company which has started its business in UK only but with the effective strategies it is
become one of the top most global company in world.
On the contrary Nikolova, Kuporov and Rodionov (2015) through globalisation many
trade opportunities have been developed for entities which opens advantages for importing and
exporting products and services. With this also there has been a rise in new opportunities for
underdeveloped nations where they will allow gaining access in new market of the world.
Through this economic development has risen and taken place effectively.
Theme 3: Assessment of risk and challenges which are attributable to globalisation
According to the views of Burns (2016); with globalisation issues in labour market has
majorly affected because of more and more technological advancement which reduce load of
work and develop easy process of doing production activities. There is no doubt that rise in
skilled workers have taken place with the involvement of globalisation but it is also a fact that it
reduces demand of labour force across the world. Another impact of globalisation on businesses
is that it affect product markets of the economies where some countries needs to address
indigenous barriers to develop effective business operations. For example: Europe is the nation
which badly affected with product market because of globalisation. Government has to look for
the frameworks by examining factors which helps industries to export in other countries easily.
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On the contrary, Laamanen, Lamberg and Vaara (2016) stated that because of
globalisation firms and workers are able to excel their best efforts so that business operations
develop with valuable goods and services at lower cost on global scale. For example: In Europe,
according to a review it is suggested that with the development of globalisation, there is an 20%
rise in standard of living among peoples in comparison to last 520 years. It also provides direct
benefits to consumers where it reduced barriers and increase efficiency to import with
effectiveness. With that also variety of products and services are offered to consumers with low
range.
Theme 4: Importance of globalisation for achieving business success
In the views of Androniceanu (2017) in order to achieve business success it is important
for organisations to have a strong presence in international market. Developing business at global
level helps organisations to achieve larger base of customers. Globalisation is the way which
helps in establishing success of services by which revenue of entity get increased. By taking
business at global level, it helps organisations to access potential employees who have unique
capabilities and skill of doing work. Through globalisation, business becomes well rounded with
the help of information which generated for new place. For businesses, foreign investment is the
term which is extremely important and valuable. Therefore, with globalisation business
organisation will able to achieve opportunities which are beneficial for company's growth.
However on the critical note, it has been stated by Belu, Popa and Filip, (2018) that
globalisation declines employment growth. It is the way which has raised technological
advancement by which production activities gets easier but on the other hand with this
advancement demand of worker get decreases which result in decline employment growth. It is
also a fact that if worker demands high wages and salaries, company hired cheap labour from
another country where its business is established.
On the contrary, It is also argued by Aljuwaiber, (2016) that globalisation is the one
which has developed world without borders which means that it brought so many opportunities
with consequence of international exchanges as well. It also helps in reducing poverty with
increase of international exchange. It also brings diversity in production activities of business
which helps in achieving business growth as well as to achieve loyal customer base.
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Theme 5: Determination of changes because of globalisation in business success
In the view of Talani (2019) major change which globalisation has brought in business world is
technological advancement. With comparison to previous situation companies needs to depend
on worker which are not skilled also there are no better technologies which helps to expand
production activities. Now, businesses are able to access cheaper labour and materials because of
which valuable goods and services are offered to customers. Changes also occurred with the
government policy. Previously, if any industry wanted to import or export their products in other
countries they have to face many trade barriers with that very less import and export took place
between countries.
However on the critical note, Bende-Nabende (2017); stated that development of
globalisation majorly affect environment of the countries. With the new technological
advancement, there is an indirect contribution for exploitation to environment and also depletion
of natural resources. Another effect is on the wages, globalisation brought technological
advancement which result in decrease of wage rates in both developed economy and in emerging
economy. Mainly its impact was not beneficial for developing countries because there is a huge
increase in unemployment rate where companies are hiring workers from other foreign industries
with cheap wage rate. It also brings high degree of risk and uncertainties in local markets where
there is an high fluctuation in price.
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RESEARCH METHODOLOGY
Research methodology is defined as the operation and the techniques used in
identification, processing, selection and analysing the information about the research topic. In the
research project, the methodology section defines the overall credibility and relatability of the
research project. Research methodology is presented below for the present study:
Research type:
Research type is the referred as a systematic and scientific activity of collecting data,
compliance, investigating and interpretation with its implication of the issues of the research.
This is broadly classified into two that is qualitative and quantitative. In the present research
qualitative research approach has been used (Types of research, 2018). With this research type
the phenomenon of relevant with the influence of globalisation driving the success of a entity is
determined in non-mathematical manner. This understanding of selecting this method is because
of its aims in solving the research issue.
Research approach:
A research approach is associated with the constriction of the paradigm to emphasis on
construction of the reality in context of the research project. This can be of two type inductive
and deductive. In the present research inductive approach has been chosen under which patterns
are developed for the given phenomenon of business success through globalisation. With this
certain theories in this perceptive have been developed for the ipecac of globalisation over the
success of the business. For the hypothesis have been determined which clearly identify the
problems and issues relevant with the research topic which the researcher explored by the guided
theories so developed.
Research philosophy:
This can be defined as that section of the RM which deals with the scope, nature and
evolution of the knowledge. It is the feeling that researcher have about the ways and manner in
which the data about the research topic is collected, interpreted, analysed and used. This can be
interpretivism or positivism (Research Philosophy, 2018)). For the study interpretivism research
philosophy has been chosen. The explanation behind choosing this method is that it is highly
structures and investigate small size of the data collection. The investigation is done it gain an
insight over the effective change in success factors of a business with globalisation.
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Data collection:
This is defined as the information that is collected about the research topic to conduct the
data analysis and extracting meaningful outcomes to give a direction to the research project. For
a research study data can be collected from primary or secondary or both sources. For present
research both methods have been used to collect the information about evaluating the influence
of globalisation over business success (Bresler and Stake, 2017). For primary data collection
questionnaire and survey method have been selected under which 20 of the respondents fill the
questionnaire to know their view over the research topic. The secondary data have been gathered
therefrom books, journal and articles written in this context.
Sampling:
The sampling methods means the ways through the primary data is collected. For the
study random sampling method have been referred. Under this method two categories are there,
probabilistic and non-probabilistic. For this study later category have been chosen which
indicates the factors that a answerer can be chosen from the population with all the members in
the population have equal probability of selection (Survey Sampling Methods, 2018). The reason
for selection of the method of sampling is that it is cost effective as well as convenient. In this 20
of the respondent have been selected randomly to know their views over the influence of
globalisation over the success and development of the business.
Data Analysis:
This can be defined as them methods and measures of analysing and assessment of the
data collected through various methods. For the qualitative research type thematic manner of
data analysis is used. The same have been applied in this research project as well. To investigate
and interpret the phenomenon over the effect and impact globalisation have on the success and
growth of the business organisations. The reason behind choosing this method of data analysis is
that this prove effective base for evaluation of the information of gathered through primary and
secondary data collection methods. Hence, for analysing gathered data set both qualitative and
quantitative techniques have been used. Accordingly, thematic perception technique has been
used by the scholar for analysing responses effectually. Further, tables and graphs also have been
added for developing better understanding about data set.
Research Design:
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It is defined as an organisation of the conditions with chosen technique to incorporate
different components of the study. For the study descriptivist research design have been chosen
to define the overall strategy of the study. This research design provide effective opinion, attitude
and behaviour about the research topic.
Ethical Consideration:
The ethical consideration for the present research report can be established as all the
moral perspective have been taken care while conducting the research over the globalisation
impacting business. The data so collected is true to its fact and is real means the information is
not fake. Moreover, while collecting the information from the answeree their permission have
been taken with giving them prior full subject matter about the survey and research. The dignity
and confidentially has been taken care and their rights are protected. No respondents have been
harmed and with taking into thought that no biased and misleading information have been
included in the study.
Validity and Reliability:
The validity of the research project can be expressed with the fact that this is not based
on partial or misleading information. The research presents overview of the research topic
without imposing any personal implication of the thoughts in this research (Taylor, Bogdan and
DeVault, 2015). The reliableness of the research project helps in seeking the answers to research
questions of how, when, where, who and why with building clear visual aspect over the research
topic to extract significant outcomes for the research question which can also be compromised by
the research in order to collect faster data and present a specific outcome of the researches.
Cost considerations
Cost associated with this project is less due to the exclusion of software’s required for
data analysis. Moreover, high level of expenses were incurred in primary data collection
(survey).
TIME LINE
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Survey Outcome:
Theme 1: Concept of globalisation
Particulars respondent
Yes 16
No 4
Theme 3: Globalisation in economies improved industry relationship
Particulars respondent
Yes 15
No 3
May be 2
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Theme 6: Globalisation brings risk and challenges in industry's business operations
Particulars respondent
Agree 5
Disagree 2
Neutral 9
Strongly agree 2
Strongly disagree 2
Theme 7: globalisation is the factor which helps in establishing better import and
export relationship between countries across the world
Particulars respondent
TRUE 16
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FALSE 4
Theme 9: globalisation is main tool which badly affecting business environment across
the nation
Particulars respondent
Yes 4
No 3
May be 13
Theme 10: operating business functions at global level increases large number of
competitors
Particulars respondent
Yes 16
No 4
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Interpretation of survey outcomes
Theme 1: Concept of globalisation
Globalisation is known as process which used to describe interaction and interrelation
across the nation in context to political and cultural boundaries. The graph shows that out of 20
employees and senior manager of Tesco, 16 respondents say that they know the term
globalisation. They justified that all the employees are working in multi-national company which
has its business operations in the whole world. Therefore, they are aware of rules and practises
which needed to operate in MNC company.
Theme 2: Experience of working in organisation
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Work experience is an important role to share something about the industry or to answer
for a particular survey of the researcher. From the above graph it is interpreted that in Tesco
organisation, majority of workers have experience of 7-10 years which means that they have
proper knowledge on influence of globalisation on business operations of the company.
Theme 3: Globalisation in economies improved industry relationship
Globalisation across the world impacted on each every aspect of modern life. There are
many countries which have improved its economies after the implementation of globalisation.
Above graph shows that out of 20 employees, 15 are in favour that it industry relationship.
Reason being is that because of globalisation, industries are able to operate worldwide with the
help of merger and acquisition. Consumers nowadays demand more alternative products and
because of globalisation, industries are able to serve them best and diversified products.
Theme 4: Result of globalisation
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Globalisation in countries has taken place because of all the factor which are listed in the
report. Therefore, it is analysed with above graph that out of 20 respondents 9 are in favour that
competition has not increased globally. It is because free trade and barrier practises helps
companies to expand their businesses worldwide. Further, 5 employees are in favour that
globalisation is the result of inequality between developed and underdeveloped countries.
Theme 5: Globalisation is the factor which drive business success
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It is true that globalisation is the factor which drive business success. Execution of global
economic activity brought a enormous advancement of technologies in industries. Therefore, out
of 20 employees of Tesco organisation 10 agrees that it is the factor which drives business
success. It is because that operating business function worldwide brings new and new
technological up gradation in order to develop smooth production activities, because of that
valuable and diversified products provided to consumers with the best of quality.
Theme 6: Globalisation brings risk and challenges in industry's business operations
There is no doubt that with the benefits, industries also have to face different type of risk
and challenges because of globalisation. From the above graph it can be analysed that out of 20
employees of Tesco organisation, 9 have neutral opinion on risk and challenges which get
occurred because of globalisation. Reason being is that risk and challenges are there in order to
operate business functions at global level but benefits are much more than the challenges. With
that majority have neutral opinion.
Theme 7: globalisation is the factor which helps in establishing better import and export
relationship between countries across the world
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Implementation of globalisation brings a type of flexibility to industries so that they will
easily able to develop do import and export between the countries. Therefore, it can be analysed
from the above graph that out of 20 employees of Tesco organisation, 16 are in favour that it
establish better import and export relationship between countries across the world. It is because
that expanding business operation at global helps in developing products and services in
accordance with consumers at diversified level.
Theme 8: changes in business trading operations of industry because of globalisation
It is true that because of globalisation there are lot more changes which get occurred in
industries. From the above graph it is analysed that 7 employees of Tesco organisation out of 20
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are in favour that it brought a tremendous development of technologies in order to operate
efficient business operations. Reason being is that globalisation brings skilled workers which are
able to develop creativity for operating best goods and services.
Theme 9: globalisation is main tool which badly affecting business environment across the
nation
It is also a fact that because of globalisation, there is a bad impact on business
environment of the markets of countries. From the above graph it is analysed that out of 20
employees 13 of Tesco's are there which do not have opinion either in yes or not. Reason might
be include that MNC's are accused for unfair working conditions and also with lack of
environment concern.
Theme 10: operating business functions at global level increases large number of competitors
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It is true that development of globalisation brings an opportunity for industries who want
to explore their business across the world. Therefore, from the above graph it is analysed that 16
employees of Tesco organisation have a view that by operating business function at global level,
there is a rise in competition among business market.
Merits,limitations and pitfalls of approaches to data collection and analysis:
The merits of this using both method of data collection have assisted the researcher in
presenting the findings in effective manner by relating them with the literature of the study. He
only limitation faced was getting informed consent form respondent in order to fill in
questionnaire for the research study.
Conclusion of findings:
According to above analysis it is suggested to stakeholders that globalisation is the factor
which has provided many benefits to organisations in order to operate smoothly in global
business world. Many respondents are in favour that globalisation is the tool which drive
business success.
REFLECTION AND RECOMMENDATIONS
The present research paper is formulated to provide lights on globalisation which can
drive business success. Globalisation create huge changes in production activities of businesses
where technologies are available to operate business smoothly in the world. For developing an
understanding over presenting efficient research paper I have studied research study in very
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attractive manner. Firstly, in this paper I have provided introduction of the research paper which
included background of the study, rationale is provided the reason behind conducting the
research. This has helped me in improving my academic career. Further, in the study I have
selected research topic i.e. to identify the influence of globalisation which drive business success
where I have selected case study of Tesco organisation, because it has its business across the
nations and is also one of the top leading industry in business of groceries. With this case study
my knowledge on organisation's strategies and business functions has improved. Further, I have
formed primary and secondary objectives of this paper where I have selected some topics related
to globalisation so that effective research study will get developed. This research writing has
helped me in developing my personality, writing and presenting skills. I will be able to get
valuable idea with proper proof in research work.
While conducting research on selected topics, I felt that i get to know about to views of
different authors with respect to development of globalisation. This understanding of review
helped me in improving my knowledge about the term globalisation, its importance and impact
in businesses of the economies. This writing of literature review helps me in improving writing
skills. Writing literature review also helps in developing my reading skills with concentration
where I will able to focus on activities I need to develop while developing this research study.
Further, in this paper research methodology section is been provided where I have used
qualitative techniques for presenting better understanding of the term globalisation. This research
provides information which is based on the experience and observation of humans which helps in
developing efficient research study. This technique helps me in gathering valuable information
by which quality of work will get developed by me. Moreover, in this report, I have also
provided details on data interpretation and analysis with the use of questionnaire and graphs. I
have faced problems in developing a primary information for the study and to present it in more
presentable manner and provide accurate information. For the interpretation I have used intrinsic
knowledge of observing graphs and charts and to present information in effective with its
analysis. All these activities helped me in becoming a good at academic research writing where I
am able to collect as many references as possible in my research area, I am able to review
different research papers in order to get the best results.
Therefore, with this research writing it is suggested to Tesco organisation that more and
more strategies needs to develop by entity in order to develop brand positioning in the areas
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which have its business operations. For the problems faced in completing this research study in
the future will indulge in thoroughly studying the manner of conducting a research and how to
conduct a primary research without much issues and will discuss the same with my tutor as well
to gain much insight knowledge over the same.
RECOMMENDATION FOR ALTERNATIVE RESEARCH
METHODOLOGY
In order to develop efficient research study, research in this paper could use alternative
approached where more descriptive result will be available to develop better understanding of
globalisation. Here in this paper, qualitative technique has been used to evaluate knowledge of
globalisation but for providing more brief knowledge on this study researcher will able to use
quantitative technique. This method helps in obtaining information which is more valuable and
broader with proper statistics. It enhances and generalised the results which have accuracy.
Researcher will also used deductive approach instead of inductive in order to present
information which is based on existing theories so that research strategy get developed to test
hypothesis. In order to develop factual information, research could able to use positivism
approach where findings are more observable and quantifiable.
CONCLUSION
From the above report it is concluded that globalisation is the factor which drive
business success. In this above study research analysis is developed on factors which are
associated with globalisation to drive business growth. Therefore, qualitative techniques have
been used where it is found with the experience of Tesco's employees that globalisation provides
both positive and negative impact on performance of the business.
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