CHAPTER 1: INTRODUCTION Topic: How globalisation can drive business success. 1.1 Overview of Research Globalisation is consider as historical process that help in technological advancement as well as human innovation. Generally, it refers to developing an interaction or integration of economies across globe. In business, globalisation is change from firm that is related with single country to the one that can operate in several other countries. With the help of globalisation, organisation can conduct its business operations at international level and also get effective opportunities(CraneandMatten,2016).Asmultifacetedandcomplexphenomenon, globalisation is regarded through some as capitalist expansion form that entails integration of national and local economies in to global economy. The globalisation consists services, products andeconomicresourcesofdataandcapital.Ithasdevelopedbecauseofadvancein communication and transportation technology. It enhanced the global interactions that comes to the growth of culture, international trade etc. 1.2 Background of Research Globalisation is an important concept a necessary role in growth as well as success of firm at international level. The globalisation is regarded as wide term that applied to all the commercial transaction. It is an economic procedure of integration and interaction that is related with culture and social aspects. An expansion of the global market liberalise economic activities of exchange of money along with products. In addition to this, globalisation represents global integration of investment, information technology, culture and investment. The government policies are mainly design to open economies internationally and domesticity to enhance growth of poor countries along with rise their living standard. H&M is Swedish multinational clothing firm and it is also known for fast fashion clothing for children, teenagers, women and men. The concept of this firm is to provide fashionable and quality clothes at reasonable cost (Moghalu, 2014). Its main aim is to maximising and expanding its stores by 10 to 15% each year. In context to globalisation, potential market of H&M is expanding and provides clothes according to demand of customers. 1
1.3 Rationale of Research This research is based onHow globalisation can drive business success. In this globalisation is regarded as wide study area that plays a necessary role in developing functions of business at international level. It include wide concept that gives better knowledge base in context to globalisation (Fulgoni, 2015). This research is conduct for study purpose and the particular knowledge area is helpful in developing knowledge base to achieve success sin future. With the help of conducting this investigation, research skills as well as knowledge of an investigator will be improved. 1.4 Research Aim The main aim of this research is “To determine the significance of globalisation in making business organization successful. A study on H&M.” 1.5 Research Objectives To identify the main concept of globalisation. To determine the benefits of globalisation on overall success of H&M. To evaluate the challenges faced by H&M at the time of expanding business activities at global level. 1.6 Research Questions What is the main concept of globalisation? What are the benefits of globalisation on overall success of H&M? What are the challenges faced by H&M at the time of expanding business activities at global level? CHAPTER 2: LITERATURE REVIEW Concept of globalisation According toSoltes and Gavurova, (2015),Globalisation states that it is a process of enlargement in economic, social, cultural, political relationship across the globe or international boundaries. India's economy had gone through the significant policy shift in the year of 1990. They introduced a new model concerning the world's economy i.e. (Liberalisation, Privatisation, Globalisation)LPG.It has its own positive and negative affect on economy as it depend upon each country. Current scenario of world is, developed economies has join with less developed economies because smooth functioning of trade between markets and increase in migration. One 2
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of the main income source of globalisation process is generating through outsourcing i.e. work can be done from any part of the world at low labour cost which impact the countries economy. It established MNCs and increases the market potentiality. India has vast population which result into increasing in purchasing power. It improved the picture of under developed countries in adaptinglatesttechnologyandintroducinginnovativeproducts,increaseinmanpower, employment opportunities. But MNCs encourages only literate people for employment compare to illiterate manpower which leads to inequality. But still its importance is spreading in the marketbecause globalisation is a process for protecting or developing the countries economy and make them to come together with common vision i.e. building a new world as a family. Benefits of globalisation on overall success of H&M According toMutoko, (2014),Globalisation is a broad concept as it has its own pros and cons, which affect the country's economy. It is a concept of interaction of markets, industries across the globe and improves the efficiency of country's economy and enable them to be flexible. Its main focus on gathering all markets into single platform to free flow of goods & services without no trade barriers. It Some of the benefits of globalisation are as follows: Economy's expansion:Growth in per capita income, GDP and FDI (Foreign Direct Investment). It increases the employment opportunitydue to establishment of MNCs in countries. This is the main reason that company can easily expand their business activities at global level and also attain higher success. Technology: It enables the industry or markets to acquire technologies and manufacture innovative products to satisfy customer's demand. It Rises the competition between markets which develops the capability or efficiency of companies to stand firmly in an industry. Low labour cost: Globalisation main outcome source is outsourcing which means getting work done from other countries at low labour cost. It provides the employment opportunities and improves the purchasing power of an individuals. Quality of products: Because of rises in competition among markets it gives more challenges to companies to manufacture qualitative products in order to fulfilling the demand of end users.This will directly contribute in enhancing the brand image of the company and at the same time also aid in building strong customers base. 3
Economic indicators: Globalisation improves various economic index of LDC (less developed countries) such as improvement in literacy rate, life expectancy, employment etc.It directly contribute in increasing the profitability level of the company. The main reason behind this is that if income level of the customers is best than they easily consume company products and services. Flexibility: Globalisation mainly focus on trading across the boundaries which means adapting the cultures of other countries. It makes them more flexible. This will help in reducing the gap between two countries which provide huge opportunities to business organization in operating activities successfully. Challenges faced by H&M at the time of expanding business activities at global level According toBlowfield and Murray, (2014),Globalisation is familiarised term in current world, as it is considered as the foremost tool for the growth of company. It creates opportunity and provide platforms to improve and identify the talents and skills of an organisation. In simple terms it is the exchange of goods and services between countries with no trade hindrances. No communities and societies can isolated themselves from the force of globalisation. It impacted positively in many areas at the same time it created unfair practices between smaller and larger companies. Some of the challenges of globalisation which markets are facing are as follows: Organisational Structure:Each company has their own corporate structure which manages and runs all the activities smoothly. But globalisation becomes a hurdle to H&M when it come to the point of following globalised operations which affect the employee's work in order to adapt the new system. Leadership:It is another obstacle for company to get an effective leader who can mange and handle the managerial functions in new region or geography. It may impact the employees of H&M morale and relationships with managers. Cultural Affect: While being globalised, companies have to consider culture, trend, tradition of each countries. H&M face this kind of issues while expanding its business to another countries in adapting their culture and traditions. Polluting the environment: MNCs has established factories, industries which generate harmful gases and it is adversely affecting the human health and ecosystem. In recent report H&M has been blamed for producing harmful gas i.e. viscose (toxic gas)which is polluting the environment and also a threat for human's health. 4
CHAPTER 3: RESEARCH METHODOLOGY Research methodology is one of the important section of whole research as it help investigator at the time of collecting data and information by using different methods. In this, researcher needs to select appropriate method to gather data in effective manner which can help them in taking right decision towards the research objectives. With the assistance of this, investigator can easily draw a valid conclusion (Haidt, 2016). In this context, there are some effective methods that can be used by research maker with the aim of analysing as well as evaluating the actual conclusion of research. 3.1 Research philosophy This method is also play a significant role in which phenomenon data is collected in order to analyse as well as evaluate effectively. Mainly, it includes views and opinion of different authors who has experience in particular area. By this they can easily provide appropriate information to researcher. It help in gathering accurate information towards the specific area and topic as well. It includes two type of research philosophies such asInterpretivism and Positivism. Interpretivism: It is an effective aspect of undertaking research which is based in the human nature and how they behave in social environment. In this context, researcher use qualitative methods to collect as well as analysis collected data in order to take right decision within the research. Positivism: This type of method used by investigator with the purpose of evaluating, determining, measuring data in systematic way. As a results, it help research in providing important information about the selected topic. From these method, researcher use Interpretivism method as it help in providing relevant data and discussion towards the research topic. 3.2 Research approaches This section is one of the important in research which help investigator to analyse accurate information towards the research topic. Mainly, it is based on the assumption related with collection of data. Along with this, it is also provide better direction to researcher in order to analyse the whole information towards the specified topic (Detomasi, 2015). By this, researcher ca easily take right decision. Under this, there are two type of research approach such as 5
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inductive and deductive. Both are important for gathering accurate information about research activities. Inductive research approach: This type of method is related with the qualitative research which provide direction to investigator to evaluating the overall scope of the research which directly contribute in drawing valid conclusion (Taneja, Sewell and Odom, 2015). With the assistance of this, entire research activities can be done in systematic manner. Deductive research approach: It is also an important approach which is related to formulating a hypothesis that based on existing theories in order to draw an accurate conclusion. Mainly, this type of approach is used with the purpose of design research accurate and best as well. This will help in gathering relevant information. It is based on the quantitative approach through which research maker can evaluate logical conclusion that directly contribute in making successful research. For current research, investigator will use inductive research approach because it provide better direction to investigator to carry out research activities in systematic manner. 3.3 Types of investigation It is an exploratory method which used by investigator with the aim of taking research in appropriate and right direction that aid in improving the chances of gathering relevant data towards the research topic. In this context, there are two type of investigation such as qualitative and quantitative research. Both methods are play a vital role in developing as well as analysing the information in order to draw a valid conclusion. Qualitative method: It is one of the effective way of gathering data about the research topic. In this information are measured on the basis of theoretical way which provide support to researcher to take right decision. With the use of this method, investigator gather in-depth information towards the selected topic. Quantitative method: This is also play a significant role in research while gathering relevant data. Mainly, it is related with positivist paradigm which used by researcher for converting information in numerical form (Kowalski, 2014). By this investigator can easily evaluate the end outcomes and also increase the chances of attaining positive results. For carry out the research activities, investigator will use qualitative research methods because it give theoretical framework to the investigator towards the particular topic. With the help of this, researcher maker can easily increase knowledge about the research topic. 6
3.4 Data collection This section is one of the significant part of research methodology in which researcher collect data from various resources with the aim of drawing a valid conclusion. Mainly, it incudes two type data collection such as primary and secondary method (Letaifa, 2015). By this investigator easily conduct an effective research which help in collecting relevant and accurate information about the selected research area. Primary data: It is one of the effective process which generally used by researcher with the aim of gathering new and fresh information that can not be used before. In this investigator use various ways such as questionnaire, observation, survey and many more. All these are help in collecting accurate information towards the research area. Secondary data: This method is an effective process which help researcher in collecting data about the research topic. These type of information is already available in various sources such as books, journals, articles, magazine and many more. All these are help in gathering relevant information. Along with this, it is reliable method which is less time and cost consuming. From this, investigator use both primary and secondary method of data collection which support in gathering data from different sources in order to take right decision. 3.5 Sampling It is an important process of selecting a part of the whole population in which researcher gather data from them in order to draw a valid conclusion. In this investigator use random sampling method to select respondents so that they can easily gather relevant information.For this research, investigator select 40 respondent who give their views and opinion towards the research topic. 3.6 Timeline 7
Every research activities are based on the stipulate time frame as it help investigator to effectively done it systematic manner. If entire activities of research being completed in right time then it provide positive outcomes (Yu, Wang and Brouthers, 2015). Along with this, all the activities of research is divided on the basis of set time period which help in reducing the chances of arising any kind of risk activities within the study. In this Gantt Chart will be used through which investigator easily execute entire task in systematic manner. 8
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CHAPTER 4: DATA ANALYSIS AND INTERTATIONS Data analysis play as an important role which used by researcher with the aim of evaluating as well as interpreting collected data in effective manner. Along with this, it is also helpresearcherintakingrightdecisionwithintheresearch(KovacsandKot,2016). Furthermore, researcher is also formulate some questions that can be open ended and also provide option in order to gather relevant information. By this, investigator easily improve the chances of attaining positive outcomes. Questionnaire Name: Age: Contact No. Email address: Q1) Are you understand about the concept of globalisation? a) Yes b) No Q2) Is concept of globalisation provide benefits to H&M? a) Yes b) No Q3) What is the impact of globalisation on overall performance of H&M? a) Positive b) Negative Q4) What are the main resources that are important for H&M while operating business at global level? a) Human resource 9
b) Innovative tools and techniques c) Enough financial resources Q5) What are the benefits of globalisation for H&M in attaining success at global market? a) Increase overall sales b) Increase competition level c) Increase in quality of good and services Q6)WhatchallengesfacedbyH&Mwhileoperatingtheirbusinessactivitiesat international market? a) Public relations b) Finance related c) Culture differences Q7) What are the effective ways used by H&M for overcoming from challenges related with globalisation? a) Skilled workforce b) Innovative tools and technology c) Knowledge about different culture Q8) What kind of factors provided by globalisation to H&M for increasing brand image at international level? a) Provide competitive benefits b) Aid in developing positive relation c) Increase revenue of the company Q9) Is concept of globalisation provide support to H&M in attaining higher success at global market? a) Yes b) No Q10)RecommendedwaysbywhichH&Mimprovetheirperformancelevelat international market? Questionnaire Q1) Are you understand about the concept of globalisation?Frequency 10
a) Yes30 b) No10 Q2) Is concept of globalisation provide benefits to H&M?Frequency a) Yes30 b) No10 Q3) What is the impact of globalisation on overall performance of H&M? Frequency a) Positive25 b) Negative15 Q4) What are the main resources that are important for H&M while operating business at global level? Frequency a) Human resource20 b) Innovative tools and techniques10 c) Enough financial resources10 Q5) What are the benefits of globalisation for H&M in attaining success at global market? Frequency a) Increase overall sales15 b) Increase competition level15 c) Increase in quality of good and services10 Q6) What challenges faced by H&M while operating their business activities at international market? Frequency a) Public relations20 b) Finance related10 c) Culture differences10 11
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Q7) What are the effective ways used by H&M for overcoming from challenges related with globalisation? Frequency a) Skilled workforce15 b) Innovative tools and technology15 c) Knowledge about different culture10 Q8) What kind of factors provided by globalisation to H&M for increasing brand image at international level? Frequency a) Provide competitive benefits20 b) Aid in developing positive relation10 c) Increase revenue of the company10 Q9) Is concept of globalisation provide support to H&M in attaining higher success at global market? Frequency a) Yes30 b) No10 Theme 1: Concept of globalisation. Q1) Are you understand about the concept of globalisation?Frequency a) Yes30 b) No10 12
Interpretation:Globalisationhasbeenoneoftheimportantaspectwhichprovidehuge opportunities to company to not only expand their business but also serve better quality services to its customers as per their needs and wants. With the help of this companies can easily increase their market share and also established competitive image. Thus, with the use of above mentioned graph, it has been analysed that 30 out of 40 respondents have choose option Yes as they aware about the concept of globalisation and also know that it help business organization to expand their business activities at international level which may aid in increasing overall profitability level. Along with this, 10 out of 40 people are not aware about the concept of globalisation and its effectiveness towards the business organization. Theme 2: Concept of globalisation provide benefits to H&M. Q2) Is concept of globalisation provide benefits to H&M?Frequency a) Yes30 b) No10 13 30 10 a) Yes b) No
Interpretation: In current world, globalisation provide effective platform to business organization to operate their activities. With the help of this, H&M can perform their activities and also interact with valuable customers in order to satisfy their needs by providing them quality products and services. Along with this, globalisation allow business organization to trades and execute business at global level. This will directly contribute in enhancing the competitive brand image of the company. In this regards 30 out of 40 are said that concept of globalisation help H&M by providing better way to operate their business activities at global level. By this company can easily communicate with their stakeholders. On the other side, 10 respondents are select No option because they think that globalisation increase the operational cost of the company which impact on the performance of the company at market place. Theme 3: Concept of globalisation put positive impact overall performance of H&M. Q3) What is the impact of globalisation on overall performance of H&M? Frequency a) Positive25 b) Negative15 14 30 10 a) Yes b) No
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Interpretation: From the above mentioned graph, it has been evaluated that globalisation play vital role in enhancing the brand image of the company but on the other, it also negatively impact on the organisation performance. In context of H&M, it put both positive and negative impact on the overall performance of the company. It is evaluated with the assistance of above mentioned graph can be analysed that 25 out of 40 respondents give their views that globalisation has put positive impact on the overall performance of H&M I which company can easily enhance overall sales and profitability level of the company at market place. On the other side, 15 people are said that it put negative impact on H&M overall performance because it increase competition level in market place which influence profitability level of organization in negative way. Theme 4: Human resource is the main resources that are important for H&M while operating business at global level. Q4) What are the main resources that are important for H&M while operating business at global level? Frequency a) Human resource20 b) Innovative tools and techniques10 c) Enough financial resources10 15 25 15 a) Positive b) Negative
Interpretation: There are various resources which are important for H&M at the tie of operating business activities at global market. In this concept of globalisation play signifiant role in providing appropriate opportunities to business organization to attain competitive advantage from its rivals and at the same time also help in capturing larger marker share at international market. In this regards, 20 out of 40 respondents are said that human resource is important factor that directly contribute in making entire activities of the company is more effective. Along with this, 10 people are also give their views that innovative tools and techniques is significant for business organization to enhance their brand image at market place. On the other side, 10 people also think that proper financial resources is important for H&M at the time of operating business activities at global level. Theme 5: Benefits of globalisation for H&M in attaining success at global market. Q5) What are the benefits of globalisation for H&M in attaining success at global market? Frequency a) Increase overall sales15 b) Increase competition level15 c) Increase in quality of good and services10 16 20 10 10 a) Human resource b) Innovative tools and techniques c) Enough financial resources
Interpretation:From the above graph, it states the advantages of globalisation which leads to achieving goal. Out of 40 respondents, 15 people thinks that globalisation increases the overall sales because of adaption of latest technologies or introducing the fashionable and creative products which attract customers attention, it increases the purchasing power and develops the productivity while 15 respondents believes that it increase competition level due to enough opportunities in market to prove their strength and potentialityto produce qualitative products and services in satisfying the customer's need or demand whereas 10 agrees that increases in quality of goods and services. Theme 6: Public relation is main challenge faced by H&M while operating their business activities at international market. Q6) What challenges faced by H&M while operating their business activities at international market? Frequency a) Public relations20 b) Finance related10 c) Culture differences10 17 15 15 10 a) Increase overall sales b) Increase competition level c) Increase in quality of good and services
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Interpretation:From the above graph , it explains the challenges faced by H&M while operating business activities at international market. Out of 40 respondents, 20 people agrees public relation is one of the major issue because building a healthy relation with public in new geographic area is risky task as it concern the morale, values, culture of an individual. On the other hand 10 respondents says finance is big challenge as they have to establish their company in other regions for which they should have enough capital fund to run business, whereas 10 people believes cultural differences is threat to operate globalised business. Theme 7: Effective ways used by H&M for overcoming from challenges related with globalisation. Q7) What are the effective ways used by H&M for overcoming from challenges related with globalisation? Frequency a) Skilled workforce15 b) Innovative tools and technology15 c) Knowledge about different culture10 18 20 10 10 a) Public relations b) Finance related c) Culture differences
Interpretation: As per above mentioned graph, it has been evaluated that H&M use various ways to overcome from the globalisation challenges that help them in making their performance competitive and famous at global market. In this regard, 15 out of 40 respondents said that skilled workforce is important for company to operate their business at international level as they easily understand customers needs and wants towards the services which were offering by company. Along with this, 15 people give their views with this theme is that innovative tools and technology help business organization to serve best and unique quality products to large number of customers. This may help in increasing overall profitability level of the company at market place. Furthermore, 10 respondent think that having proper knowledge about culture difference is also may beneficial for overcoming from globalisation challenges as company can easily evaluate the actual trend and preferences of market. Theme 8: Provide competitive benefits is major factor that provided by globalisation to H&M for increasing brand image at international level. 19 15 15 10 a) Skilled workforce b) Innovative tools and technology c) Knowledge about different culture
Q8) What kind of factors provided by globalisation to H&M for increasing brand image at international level? Frequency a) Provide competitive benefits20 b) Aid in developing positive relation10 c) Increase revenue of the company10 Interpretation: As per above mentioned graph, it can be analysed that globalisation includes various factors that directly contribute in enhancing overall performance of the company at global level. By this H&M can easily established their competitive image as compare to its rivals. In this 20 respondents give their views that globalisation provide competitive benefits in which company improve their productivity by serving quality services. Along with this, 10 people said that it help in developing positive relation with large number of customers to satisfy their needs. On the other side, 10 people are give their views that globalisation help in increasing revenue of the company by providing them opportunities to offer best quality products and services to large number of customers. 20 20 10 10 a) Provide competitive benefits b) Aid in developing positive relation c) Increase revenue of the company
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Theme 9: Concept of globalisation provide support to H&M in attaining higher success at global market. Q9) Is concept of globalisation provide support to H&M in attaining higher success at global market? Frequency a) Yes30 b) No10 Interpretation:Fromtheabovementionedgraph,ithasbeenevaluatedthatconceptof globalisation provide better support to H&M in which company can easily expand their operational activities at global market. This will contribute in making competitive brand image of the company at market place. In this regards, 30 out of 40 respondents are adopt yes option as they are agree with this theme that yes globalisation help business to make their image popular by serving quality products and services. On the other side, 10 people are not agree with this statement as they said no because they think that it increase overall cost of the company which reduce profitability level. 21 30 10 a) Yes b) No
CHAPTER 5: RESEARCH OUTCOMES 5.1 Conclusion From the above mentioned research it has been concluded that globalisation is consider as a wider concept which provide huge opportunities to business organization to improve their performance at global market. In this, secondary method help in conducting literature review which includes different authors vies and opinion towards the research topic. Along with this, research is also based on the qualitative research as it provide detailed information towards the research topic. By this research can easily gather relevant data and take right decision in order to make successful research. 5.2 Recommendation Globalisation is an important aspect for every business organization to operate activities at global level with the purpose of establishing positive brand image. As it also provide huge opportunities to business organization to enhance their profitability level at market place. AS per this, there are some recommendation that help H&M to improve their performance: For attaining success at global market, H&M needs to focus on effective advertising strategies to serve quality products to large number of customers. It help in increasing customers base ad productivity as well. Company should formulate new policies and strategies that help them in establishing their competitive image at market place As a result, company easily invite large number of customers and satisfy their needs. CHAPTER 6: REFLECTION AND RECOMMENDATION 6.1 Reflection Current research is based on how globalisation drive H&M towards the success at international market. As a researcher this type of topic helped me in enhancing my skills and knowledge towards the concept of globalisation and its factors as well. While carry out the research, I use various tools and techniques which help me in effectively complete the research activities. Along with this, I used qualitative method to gather information towards the research topic in detailed form. On the other hand, research is also helped me in making the knowledge about the globalisation more string which support me in future activities of the research. 22
6.2 Alternative research methodology Research is carry out with the purpose of gathering in-depth information towards the particular topic and area. For this researcher use effective structure in order to effectively conduct research activities. In this, investigator use questionnaire method to gather accurate data and information from different respondents. But on the other side, an alternative research method can be used by researcher is interview method. By this, they can analyse as well as understand respondents views and opinion about the research. CONCLUSION From the above mentioned research it has been analysed that concept of globalisation play a vital role in developing opportunities for business organization to operate their activities at global level with the aim of attaining higher success. Mainly, it is an important process of taking business towards the success by providing better opportunities to business. With the assistance of this, company can easily communicate with their stakeholders. Therefore, globalisation is consider as an ongoing process through which company easily integrate with different countries in order to improve their performance and develop positive relationship with public. 23
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REFERENCES Books and journals Crane,A.andMatten,D.,2016.Businessethics:Managingcorporatecitizenshipand sustainability in the age of globalization. Oxford University Press. Moghalu, K. C., 2014.Emerging Africa: how the global economy's' last frontier'can prosper and matter. Penguin UK. Fulgoni, G. M., 2015. How Brands Using Social Media Ignite Marketing and Drive Growth: Measurement of Paid Social Media Appears Solid But Are the Metrics for Organic Social Overstated?.Journal of Advertising Research.55(3). pp.232-236. Soltes, V. and Gavurova, B., 2015. Modification of performance measurement system in the intentions of globalization trends.Polish Journal of Management Studies.11. Mutoko, W. R., 2014. Challenges of access to markets and opportunities for small, medium and micro enterprises (SMMEs) in Botswana.European Scientific Journal, ESJ.10(10). Blowfield, M. and Murray, A., 2014.Corporate responsibility. Oxford University Press. Haidt, J., 2016. When and why nationalism beats globalism.Policy: A Journal of Public Policy and Ideas.32(3). p.46. Detomasi,D.,2015.Themultinationalcorporationasapoliticalactor:‘varietiesof capitalism’revisited.Journal of Business Ethics.128(3). pp.685-700. Taneja, S., Sewell, S. S. and Odom, R. Y., 2015. A culture of employee engagement: A strategic perspective for global managers.Journal of Business Strategy.36(3). pp.46-56. Kowalski, A. M., 2014. The role of innovative clusters in the process of internationalization of firms.Journal of Economics, Business and Management.2(3). pp.181-185. Letaifa, S. B., 2015. How to strategize smart cities: Revealing the SMART model.Journal of Business Research.68(7). pp.1414-1419. Yu, C. L., Wang, F. and Brouthers, K. D., 2015. Domestic and foreign competitor identification and firm performance.European Journal of International Management.9(4). pp.463- 483. Kovacs, G. and Kot, S., 2016. New logistics and production trends as the effect of global economy changes.Polish Journal of Management Studies.14. Kushida,K.E.,Murray,J.andZysman,J.,2015.Cloudcomputing:fromscarcityto abundance.Journal of Industry, Competition and Trade.15(1). pp.5-19. Online GlobalizationBenefitsandChallenges.2018.[Online].Available through:<https://courses.lumenlearning.com/clinton-marketing/chapter/reading- globalization-benefits-and-challenges/>. 24
APPENDIX Research Proposal Form Student Name: ______________________Student ID: ____________ Centre Name:_____________________ Tutor:________________Date: ___________________ Unit:____________________ Proposed Title:GLOBALISATION CAN DRIVE BUSINESS SUCCESS. Section One: Title, objective, responsibilities Title or working title of the research project (in the form of a question, objective or hypothesis) “To determine the significance of globalisation in making business organization successful. A study on H&M.” Researchobjectives(e.gwhatisthequestionyouwantto answer? What do you want to learn how to do? What do you want to find out?): To identify the main concept of globalisation. To determine the benefits of globalisation on overall success of H&M. To evaluate the challenges faced by H&M at the time of expanding business activities at global level. Section Two: Reasons for choosing this research project Reasons for choosing the project (e.g links to other subjects you arestudying,personalinterest,futureplans,knowledge/skills you want to improve, why the topic is important): The main purpose of carry out this research is to gather in-depth information towards the research topic which help in increasing researcher skills and knowledge towards the globalisation and how it drive business to success. 25
Section Three: Literature sources searched Use of key literature sources to support your research question, objective or hypothesis: Underthis,literaturereviewisconductwiththeuseofsecondary resources such as books, journals, articles, and many more to gather accurate information about the topic. Section Four: Activities and timescales Activitiestobecarriedoutduringtheresearch project(e.gresearch,developmentandanalysisof ideas,writing,datacollection,numericalanalysis, tutormeetings,productionoffinaloutcome, evaluation, writing the report): Different activities which are going to be included in this research are given below as above: Identification the topic Develop aim and objectives with questions Literature review Research methodology Questionnaires preparation Data Collection Data analysis Conclusion and recommendation Howlong thiswill take: Milestone one:_________________ Target date (set by tutor): ____________________ Milestone two: _______________________ 26
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Target date (set by tutor): ______________________ Gantt Chart 27
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: Underthisresearch,qualitativemethodwasusedbythe researcher to gather in-depth information towards the research topic. 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 sampling) Comments (Optional): I confirm that the project is appropriate. Agreed /Disagree:(Name of the IV) Date 28
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: “Todeterminethesignificanceofglobalisationinmaking business organization successful. A study on H&M.” 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) : 29
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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: More than 20 How will participants be recruited (identified an approached)? The participants will be recruit by conducting interview. Describe the processes you will use to inform participants about what you are doing: How will you obtain consent from participants? Will this be written? How will it be made clear to participants that they may withdraw consent to participate at any time? 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 Will you debrief participants at the end of their participation (i.e give them a brief explanation of the study)? 30
YesNo Willparticipantsbegiveninformationaboutthefindingsofyour 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? The researcher will access to data. During the research: Where will the data be stored? In personal computer and pen drive. 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? In personal computer and pen drive. How long will the data and records be kept for and in what format? Around 2 to 3 years data will be stored. 31
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? If so, please outline how you 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 issuesthatmayapply.Ethicalconcernsmayinclude,butarenot 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 oftheethicalissuesthatmayariseinthecourseofmy research Name:Date: 32