Introduction Globalisation refers to the most advance factor that help in developing economies, by making market at both national and international level more efficient. It increases level of competition among organisations, limited military conflicts and spread business across other countries.
Research Aim “To ascertain the benefits and drawbacks of global business environment for organisation that operates its business globally” - A study of First Mile .
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Research Objectives To understand the concept of globalisation and global business environment. To assess the benefits and drawbacks of global business environment for First Mile. To identify the impact of global operations on business performance of First Mile. To recommend the ways through which First Mile can overcome drawbacks of global business environment.
Findings Theme: Aware about globalisation concept. 30 10 a) Yes b) No
Theme: Offshoring and outsourcing is beneficial for business organisation at global market place. 25 15 a) Yes b) No
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Theme: Offshoring is beneficial for First Mile while running business at international market. 30 10 a) Offshoring b) Outsourcing
Recommendation Proper analysis of market and market conditions will help First Mile to deal with the negative impacts of global business environment. Legal factors should be at utmost consideration because, this makes it possible the closure of business in the market.
Conclusion With the discussion on globalisation, it has been concluded in the end that this concept tends to increase the growth of business, inworldtrademoreeffectively.Ithelpsinboosting technology,increasingcompetition,stimulatinghuman resource development, restructuring the organisational culture at workplace and more.
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