Research Project on Globalisation in Business

RESEARCH
PROJECT

Table of Contents
CHAPTER 1: INTRODUCTION ...................................................................................................1
1.1 Overview of Research......................................................................................................1
1.2 Background of Research...................................................................................................1
1.3 Rationale of Research.......................................................................................................2
1.5 Research Objectives.........................................................................................................2
1.6 Research Questions..........................................................................................................2
CHAPTER 2: LITERATURE REVIEW.........................................................................................3
2.1 Concept of globalisation...................................................................................................3
2.2 Benefits of globalisation to business of Tesco.................................................................3
2.3 Impact of globalisation on success of Tesco....................................................................4
2.4 Challenges which can be faced by Tesco while globalising their business.....................5
CHAPTER 3: METHODOLOGY ..................................................................................................6
3.1 Research Philosophyies....................................................................................................6
3.2 Research Approaches.......................................................................................................6
3.3 Strategies..........................................................................................................................6
3.4 Choices.............................................................................................................................6
3.5 Time Horizons..................................................................................................................7
3.6 Techniques and Procedures..............................................................................................7
REFERENCES................................................................................................................................8

Topic: “How globalisation drive business towards success”.
CHAPTER 1: INTRODUCTION
1.1 Overview of Research
Globalisation refers to procedure of integration or interaction between organisations,
people and government. It is related to change in world where firms are moving away from the
self- contained countries. In this, globalisation of the business is change in business from firm
that is related with single country to one that operate its business in several countries.
Globalisation has to be developed due to the advanced in communication and transportation
technology. With enhanced global interactions comes development of ideas, international culture
and trade. Primarily, globalisation is an economic process of integration and interaction that is
related with cultural and the social aspects (Alejandra Gonzalez-Perez, 2013). In this context,
globalisation is explained as an interdependence of the nations around global that fosters by free
trade. An expansion of global marker's liberalise economic activities which are related with
exchange of funds and products. The globalisation is helpful in raise living standard of people in
less developed countries through providing the better job opportunities, improves access to
services and products, modernization etc.
1.2 Background of Research
Globalisation is explained as developing interdependence of culture, populations and
economies of world through cross- border trade in services and products, investment flow,
information, technology etc. Under this, markets where the globalisation is common consist
financial markets like capital markets, insurance markets, credit markets etc. The organisations
gain competitive advantages on many fonts by globalisation. On the other hand, globalisation
helps for company to attract large number of customers and enhance market share.. They can
also purchase raw materials in cheap cost due to reduction in tariffs.
Tesco is a British multinational general merchandise and groceries retailer in United
Kingdom. It has diversified into different areas. for an instance clothing, furniture, software,
Internet services, electronics and many others (Apăvăloaie, 2014). This company has been able
to involve 13 countries in its business that provides it access to more than 3 million people. In
context to this, when Tesco investigated in to the international markets then they decide that
entering in to those countries where they already established their supermarkets would not be
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better option as they would be struggle with high competition. After this, Tesco decide to expand
its business in to an emerging economies where there was less competition like Asia and Eastern
Europe.
1.3 Rationale of Research
Globalisation is a most essential component that provides benefits to those organisations
which are able to conduct their business operations outside the international borders. The main
reason behind conducting this investigation is to understand globalisation and in what manner
firm can gain the competitive benefits and success from it(Appel, Franz and Hassler, 2014).
Another reason is to enhance knowledge and skills of learner so that it can able to perform the
research in future in a better way without facing any kind of complexities. Other than this,
conducting an investigation will help an investigator to determining limitations also.
1.4 Research Aim
The main aim of this research is to “To determine the significance of globalisation and its
role in taking business towards success. A study on Tesco.
1.5 Research Objectives
 To study the concept of globalisation.
 To determine benefits of globalisation to business of Tesco.
 To evaluate impact of globalisation on success of Tesco.
 To examine challenges which can be faced by Tesco while globalising their business.
1.6 Research Questions
 What do you understand by globalisation concept?
 What are the benefits of globalisation to business of Tesco?
 What is impact of globalisation on success of Tesco?
 What are the challenges which can be faced by Tesco while globalising their business?
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CHAPTER 2: LITERATURE REVIEW
It refers to scholarly paper that involves current knowledge consisting the methodological
and theoretical contributions to specific topic. In order to conducting this part, different sources
to data collection has been used for an instance books, journals, articles, internet sources etc.
2.1 Concept of globalisation
On the basis of opinion of BEVERLY BIRD AND CAROL KOPP (2019); it has been
stated that globalisation refers to process of intensification of political, cultural and economic
relations across the international boundaries. The main benefit of globalisation is connectivity.
On the other hand, cross border integration have many dimensions such as social, political,
economic and cultural. The motives of globalisation is idealistic and opportunistic but
development of global free market has been benefited the large size organisations which are
based in Western World. It can be impact on mixed for workers, small businesses and culture in
emerging as well as developed nations. Globalisation is free movement of services, products and
people across world in an integrated way. The globalisation is an integration of the markets in
global economy, leading to enhanced interconnectedness of the national economies. This concept
is helpful in developing positive relationship among countries by conducting the trade.
2.2 Benefits of globalisation to business of Tesco
According to opinion of Tejvan Pettinge (2019), it has been considered that globalisation
is procedure of enhanced co- operation and integration of various national economies. The
globalisation allows for free trade of products and services among nations and also permit to be
employed in an easy manner around world. Tesco is a large size organisation and it conduct its
business operations in different countries. For gaining the profit, Tesco expand its business in to
the foreign countries. There are some advantages to business of Tesco given below:
 The global trading is helpful for Tesco to contribute towards economy of country for the
purpose of enhancing profit in the foreign business. The globalisation is helpful for firm
in expanding business in international market and sell the goods to consumers. While
exporting the goods to foreign people, firm gets to learn regarding needs of consumers
and provide them products accordingly.
 By using globalisation, Tesco can target the new market and increase its market share in
an effective way.
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 It aids to determine traits and the current trends of markets in other countries. Under this,
financial development is one of most essential advantage of trading business at global
level.
2.3 Impact of globalisation on success of Tesco
As per opinion of Elkins (2018), it has been considered that globalisation is force that can
give shape to contemporary world, impacting environment, business and society. It is an ingoing
process to connect people, countries together and develop the positive relationship among them.
Under this, people, firms and government from various nations are integrate and interact by
means of investment and international trade that has effect on culture, economic development
etc. There are some negative and positive impact of globalisation on success of Tesco mention
below:
Positive impact
Trade opportunities- Globalisation of business processes opens new opportunities for
firm to exporting as well as importing services and products. Through globalisation, firm get
effective opportunities to conduct its operations at international level. It will help in attract large
number of consumers and enhance profit level.
Competition- In this, globalisation leads to the increased competition in business. It is
related with cost of product or services, target new market, adaption of new technology etc.
When company produce goods at low cost then it can increase its market share.
Negative impact
Job insecurity in business- In United Kingdom, risk of job security is enhancing.
Globalisation has lead organisation to outsource jobs in to other countries. The globalisation has
to led exploitation of government. Organisations ignore safety standards for manufacture cheap
rate products.
Cost fluctuation- Globalisation is lead to fluctuation in price across globe in various
areas. Due to high competition, Tesco company is to be forced to minimize cost of its services
and products, it develop the negative impact on business and enhance ability to retain social
welfare.
2.4 Challenges which can be faced by Tesco while globalising their business
On the basis of view point of Van Thompson (2019), it has been stated that conducting
business internationally can provide business with better new opportunities for profit as well as
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growth. There are some challenges given below which Tesco face at the time of conducting
business at global level:
Talent acquisition- Hiring the talent while setting business in other countries can be
challenging. It is a burden on hiring the new team members in a team. Some of the times, process
of hiring employees in different countries are varied from each others by giving vacancy for job
post to conduct interviews to provide job offer.
Employee training and management- Better employee management is necessary to
make improvement in productivity, minimize risks and giving better experience to employees.
There is a need to Tesco to provide the better training to employees and manage activities in
better manner. It enhance the cost of company. If firm manage employees poorly and fail to give
them training than it will be a challenge for business.
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CHAPTER 3: METHODOLOGY
Methodology refers to system of the methods which are used in specific area of activity
or study. The methodology may consist interviews, publication research, surveys and some other
techniques by consisting historical and present information. It is based on the research onion that
was developed through Saunders to explain stages by which investigator should pass when
creating better methodologies (Axelrod and VanDeveer, 2014).
3.1 Research Philosophy
It is first layer in research onion and most necessary. The research philosophy is an idea
or belief about collection of data, interpretation and analysis in a better manner. The research
philosophy is related to development of the knowledge in specific area. There are interpretivism
and positivism two different kinds of research philosophies. In order to conduct this
investigation, researcher used interpretivism philosophy because it helps in determining solutions
of related problems by use of frameworks and theories in a better manner.
3.2 Research Approaches
It is second layer in research onion and divided into two different parts i.e. inductive and
deductive approaches. The deductive approach will give proper observations which are required
in forming views for outcomes in order to address research objectives. On the other hand,
inductive approach consists collection of data and developing theory based on outcomes of data
analysis (Bailey and et al., 2018). This research is based on inductive research approach because
it relied on the subjectivity in evaluation of observations for supporting outcomes of
investigation.
3.3 Strategies
For an investigation, research strategy is case study with use of survey questionnaire. The
case study strategy is helpful in support an enriched understanding of case on which firm or
researcher focused. The case study approach is helpful in focus on address the issues which
centred affect on business or investigation.
3.4 Choices
Choice used in research onion consists mixed method, mono methods and multi-
methods. Under this, there are two different kinds of research methods qualitative and
quantitative (Baud and Durand, 2012). In qualitative investigation, data is measured in terms of
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quality or theoretical basis. On the other hand, in quantitative method, data is collected on the
basis of facts and figures. For conducting this investigation, researcher used mixed methods with
use of quantitative and qualitative approach has been taken as research methods which applied in
study to consistent with pragmatist research philosophy.
3.5 Time Horizons
It is a time framework within which project is to be intended for completion. There are
two different types of time horizon in research onion such as longitudinal and cross sectional.
For conducting this investigation, cross- sectional timing was used with investigation conducted
over period of time (Belás and et. al., 2014).
3.6 Techniques and Procedures
It is a final layer in research onion and related to procedure and techniques. For collection
of data, primary and secondary both techniques has been used. For primary investigation,
structured questionnaire was prepared and used with the different respondents giving their inputs
by provided questionnaire. On the other hand,secondary investigation entailed research and use
of different sources like books, articles etc. For analysis of collected data, thematic analysis has
been used through investigator. It helps in provide the effectiveness as well as efficiency of
collected information and data from various sources.
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REFERENCES
Books & Journals
Alejandra Gonzalez-Perez, M., 2013. Corporate social responsibility and international business:
A conceptual overview. In International business, sustainability and corporate social
responsibility (pp. 1-35). Emerald Group Publishing Limited.
Apăvăloaie, E. I., 2014. The impact of the internet on the business environment. Procedia
Economics and finance. 15. pp.951-958.
Appel, A., Franz, M. and Hassler, M., 2014. Intermediaries in agro-food networks in Turkey:
How middlemen respond to transforming food market structures. DIE ERDE–Journal of
the Geographical Society of Berlin. 145(3). pp.148-157.
Axelrod, R. S. and VanDeveer, S. D. eds., 2014. The global environment: institutions, law, and
policy. CQ Press.
Bailey, C. and et al., 2018. Strategic human resource management. Oxford University Press.
Baud, C. and Durand, C., 2012. Financialization, globalization and the making of profits by
leading retailers. Socio-Economic Review. 10(2). pp.241-266.
Belás, J. and et. al., 2014. Significant attributes of the business environment in small and
meduim-sized enterprises. Economics & Sociology. 7(3). p.22.
Belás, J. and et. al., 2015. The business environment of small and medium-sized enterprises in
selected regions of the Czech Republic and Slovakia. E+ M Ekonomie a Management.
(1). p.95.
Beynon-Davies, P., 2013. Business information systems. Macmillan International Higher
Education.
Carneiro, J. and Brenes, E. R., 2014. Latin American firms competing in the global economy.
Journal of Business Research. 67(5). pp.831-836.
Online
Bird, B. and Kopp, C., 2019. Globalization. [Online]. Available through:
<https://www.investopedia.com/terms/g/globalization.asp>.
Elkins, H., 2018. The Negative Effects of Globalization on Companies. [Online]. Available
through: <https://bizfluent.com/info-8589864-negative-effects-globalization-
companies.html>.
Thompson, V., 2019. What Issues Arise When Doing Business Globally?. [Online]. Availabile
through: <https://smallbusiness.chron.com/issues-arise-doing-business-globally-
56877.html>.
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