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Concept of Globalisation and Economic Development

   

Added on  2021-02-18

31 Pages7560 Words21 Views
Research Project (Significance of globalisation on a company economicdevelopment)

ABSTRACTThis report focus on concept of globalisation and how it helps in economic development.It is an interesting topic and it also provides the benefits to organisation to expand its business atinternational level. Through this, organisations can provide their contribution towards economicdevelopment of country. The globalisation is about interconnectedness of businesses as well aspeople across world that can leads to political, economic and global cultural integration. It is anability to communicate as well as move in an easy manner with others in all over world incontext to conduct the business operations internationally. This research provided detailedinformation about globalisation and issues which organisation faced during globalise business.The literature review of this research has been provided better solutions of the arisen issuesrelated to globalise business. In this part, opinions and view points of different authors has beenconsidered about globalisation. In the research methodology part discussed about the datacollection methods in order to conducting investigation in a better manner. After this, the datacollected from different sources has been analysed through investigation by using thematicanalysis. In the conclusion part, it has been stated that globalisation is a wide concept for firmsand through this they can get the competitive benefits at global level. It helps in give the bettercontribution for country economic development effectively. At last, there has beenrecommendations provided to company for dealing with problems faced through it while makingbusiness globalise.

Table of ContentsABSTRACT.....................................................................................................................................2CHAPTER 1: INTRODUCTION....................................................................................................11.1 Overview of research........................................................................................................11.2 Background of Research...................................................................................................11.3 Rationale of Research.......................................................................................................21.4 Research Aim...................................................................................................................21.5 Research Objectives.........................................................................................................21.6 Research Questions..........................................................................................................21.7 Timeline............................................................................................................................3CHAPTER 2: LITERATURE REVIEW.........................................................................................52.1 Concept of globalisation...................................................................................................52.2 Impact of globalisation on an economy............................................................................62.3 Major issue of globalisation concept................................................................................62.4 Benefits of globalisation to economy of UK...................................................................72.5 Different ways by which The Third Way Group can overcome from arisen complexities..8CHAPTER 3: RESEARCH METHODOLOGY.............................................................................93.1 Type of Investigation........................................................................................................93.2 Research Philosophies......................................................................................................93.5 Data collection................................................................................................................103.3 Research Approaches.....................................................................................................103.4 Research Design.............................................................................................................113.6 Sampling.........................................................................................................................113.7 Ethical Considerations....................................................................................................11CHAPTER 4: DATA ANALYSIS ..............................................................................................13CHAPTER 5: DISCUSSION ........................................................................................................19CHAPTER 6: CONCLUSION AND RECOMMENDATION.....................................................206.1 Conclusion......................................................................................................................206.2 Recommendations..........................................................................................................20REFERENCES..............................................................................................................................21

Research Ethics approval form......................................................................................................23

CHAPTER 1: INTRODUCTION1.1 Overview of researchGlobalisation refers to process of integration and interaction between people,governments and firms in all over the world. It has developed due to the advanced incommunication as well as transportation technology, with enhanced global interactions comesdevelopment of culture, trade and ideas (Arora, 2012). Primarily, globalisation is an economicprocess of integration and interaction that is related with the cultural and social aspects. Underthis, globalisation consists services, technology, products and data. Expansion in global marketliberalizes economic activities of exchange of funds and products. In Globalisation process,economies have been more inter dependent as well as integrated. Globalisation implies opiningof the local and also nationalistic perspectives to wider outlook of interdependent andinterconnected world with free movement of products, capital and services across the nationalfrontiers.1.2 Background of ResearchGlobalisation is free movement of services, people and products across worlds in anintegrated way. It is a process through which the businesses develop their international influenceon international scale. The globalisation permits countries and organisations to specialise inmanufacturing products or services which can provide the comparative benefits. In addition tothis, specialisation and also trade enable to gain the economic welfare. The ThirdWay Group isLondon based office build and design, architecture, furniture and development organisation. Thiscompany partner with the clients from all sectors in order to develop better environment for staffmembers (Asongu, 2014). Under this company, there are almost 160 staff members and their aimis to attain the set objectives of firm with in given period of time. This company conduct itsbusiness in UK but it has good brand value in other countries. With the help of globalisation, thisfirm will conduct its business operations in other locations at the large scale. On the other hand,globalisation gives net advantages to the individual economies in all around world throughmaking the markets more effective, enhancing competition, spreading wealth equally andlimiting the military conflicts around world.1

1.3 Rationale of ResearchThis research project is based on the significance of globalisation in economicdevelopment. Globalisation is a necessary aspect that plays a necessary role in developingbusiness operation and enhances economic development (Beeson, 2014). This study area givesproper idea and knowledge regarding particular concept that aids a person to increase abilityalong with the knowledge. In context to personal interest, major reason behind conductinginvestigation is to increasing the personal interest in globalisation area. In context to career, thisinvestigation will help in increase knowledge of a learner and through this it can able to conductany research work in future in a significant and effective manner.1.4 Research AimThe main aim of this research is “To evaluate significance of globalisation on a companyeconomic development” A study on The Third Way Group.1.5 Research ObjectivesTo ascertain globalisation concept. To identify benefit of globalisation concept on The ThirdWay Group that can lead toincrease its profitability in coming 3 yearsTo evaluate risky factors of globalisation that reduces its growth rate in 3 coming years. To evaluate benefits of globalisation to economy of country in coming 6 months.To analyse various ways through which The Third Way Group can overcome from arisencomplexities.1.6 Research QuestionsWhat is the core concept of globalisation?What is the actual impact of globalisation on an economy?What is the major issue of globalisation concept?What are benefits of globalisation to economy of UK?What are different ways through which The Third Way Group can overcome from arisencomplexities?2

1.7 Timeline3

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