Impact of Globalization on Business Expansion and Success: A Case Study on Aldi
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This presentation explores the impact of globalization on business expansion and success, focusing on a case study of Aldi. It covers research methodologies, data analysis, interpretation, and recommendations for adopting globalization in business activities.
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RESEARCH PROJECT TOPIC- TO INVESTIGATE THE IMPACT OF GLOBALIZATION WITH REGARD TO BUSINESSES EXPANSION AND HOW IT DRIVES BUSINESS SUCCESS- A CASE STUDY ON ALDI.
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INTRODUCTION •Globalisation can be termed out as process of integration and interaction among companies, people and government at worldwide level. It aids in free movement of goods, services and people across the world in seamless and concrete mode (Taylor, Bogdan and DeVault, 2015). •Therefore, the globalized countries has reduction towards legal outlays, taxes etc. It is helpful in terms to enhanced international productivity and provide services to customers at lower prices. Thus, positive impact of globalisation is inclusive of trade, technology, competition, investments, employment, capital flows and organisation structure. •The present report will look over the business activities ofAldi,it is the largest retail industry in UK and deals in product and services as food, beverages, sanitary products and household essentials. •Furthermore, the present assignment will cover the following aspects as to determine the research methodologies for conducting the research. On the basis of methodologies, data analysis and its findings will be conducted. Thus, literature review will be carried out with help of undertaking of primary and secondary data. Lastly, on the basis of aims and objectives recommendation will be given.
RESEARCH METHDOLOGIES •Research philosophies- Interpretivism •Research approach- Inductive approach •Research type- Qualitative •Data collection- Primary and secondary •Sampling- sample random technique
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THEME 1: GLOBALISATION INCREASES PROFITABILITY AND PRODUCTIVITY. Interpretation- Based on the above report it can be concluded that Globalization aids to enhancetheinteractionandintegration among different nations. It is process that can be driven by international trade in order to process business activities effectively. Thus, there are total 50 respondents. In this, 35 said yes, 8 said no and 7 are not sure of it. Hence, majorityofparticipantsstatedthat globalization helps to raise productivity and profitably.
THEME 2: THE AIDS TO EXPAND BUSINESS OVER INTERNATIONAL BOUNDARIES. Interpretation-Fromtheabovetabular presentationitcanbeconcludedthat Globalizationisprocessthattermedoutas intensification of economical, political, cultural and social relationship across the international boundaries. Thus, there are total 50 respondents. Out of which, 42 stated yes, 6 said no and 2 are not sure of it. Hence, the maximum number of participants stated positive response that its aids to have expansion in business activities
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THEME 3: GLOBALISATION LEADS TO HAVE FASTER TECHNOLOGICAL ADVANCEMENT. Interpretation- From the above data it can be analyzed that globalization is one of beneficial aspect that aids to give number of benefits in developed countries. It is term that is inclusive of number of positive factors as technology, competition, investment, capital flows and organization culture etc. There are total number of 50 respondents. In this, 28 stated yes, 15 said no and 7 are not sure about the same. Therefore, it can be stated that globalization will be helpful in terms to adopt the faster technologicaladvancementsothatfirmcanhave advanced growth.
CONCLUSION •Hereby, it can be concluded that globalisation is process that can be termed out as process in which there can have integration of economies across the world with help of procuring goods, services and capital throughout the world. The present report is based on the business activities of Aldi, it is retail firm and engaged in grocery services. •Therefore, report has covered the following aspect as to drawn aims and objectives so that data can be analysed in effective manner, the findings and interpretation has been given in terms to collect the systematic information. Lastly, recommendation has been given in terms to adopt the globalisation so that business function can be expanded and desire success can be attainable.
RECOMMENDATION •On the basis of above the recommendation in terms to globalisation with regard to expansion and how business drive success has been given in following context as are- •Aldi should adopt the approach of globalisation as it aids to have foreign direct investment that aids to enhance much greater rate as compare to growth in world trade. Therefore, it is helpful in terms to help in technological advancement, industrial restructuring and to have growth in global companies. •The quoted firm should technological innovation as it aids to have enhancement in technological innovation. This is effective process in order to enlarge the working of enterprise with help to provide better and effective product and services. •Globalisation is effective process and it should be adopted by Aldi as its all about efficiencies and opportunities that's needs to communicate effectively and efficiently with suppliers, partners and customers to manage each working effectively. •The chosen enterprise should adopt it, as it helps to have enhancement in economic integration in specialization and economies of scale that can helps to have greater trade in financial services with the help of both capital flows and cross border entry activity.
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REFERENCES •Kumar, R., 2019.Research methodology: A step-by-step guide for beginners. Sage Publications Limited. •McCann, P., 2016.The UK regional–national economic problem: Geography, globalisation and governance. Routledge. •Pavlina, P., 2015. The impact of the 2008–2009 crisis on the automotive industry: global trends and firm-level effects in Central Europe.European Urban and Regional Studies. 22(1). pp.20-40. •Pyke, F. and Lund-Thomsen, P., 2016. Social upgrading in developing country industrial clusters: A reflection on the literature.Competition & Change.20(1). pp.53-68.