The Impact of Globalization on International Business
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Added on 2020/10/05
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This assignment delves into the topic of globalization and its effects on international business. It discusses the impact of globalization on trade, commerce, and industry, and examines how it has transformed the global economy. The assignment includes a list of references to academic articles and books related to the topic.
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Table of Contents Title: “To examine the positive impact of globalisation on operational activities of company.” A case on Carrefour UK.....................................................................................................................1 CHAPTER 1: INTRODUCTION....................................................................................................1 1.1 Research Proposal......................................................................................................................1 (i) Research project description..............................................................................................1 (ii) Research aim and objectives.............................................................................................1 (iii) Rationale behind research................................................................................................2 (iv) Activities and Timescale..................................................................................................2 CHAPTER 2: Literature review......................................................................................................5 2.1 Introduction......................................................................................................................5 2.2 Literature Review.............................................................................................................5 CHAPTER 3: Methodology.............................................................................................................8 3.1 Research Approaches.......................................................................................................8 3.2 Methodologies..................................................................................................................8 CHAPTER 4: DATA COLLECTION AND ANALYSIS............................................................10 4.1 Data collection................................................................................................................10 4.2 Data analysis, presentation and discussion.....................................................................11 CHAPTER 5: CONCLUSION AND RECOMMENDATION.....................................................17 5.1 Conclusion......................................................................................................................17 5.2 Recommendation............................................................................................................17 CHAPTER 6: PERSONAL REFLECTIVE STATEMENT..........................................................18 6.1 Reflection on research methods......................................................................................18 6.2 Alternative research methods.........................................................................................18 6.3 Areas for further research...............................................................................................18 REFERENCES..............................................................................................................................19
Title:“Toexaminethepositiveimpactofglobalisationonoperational activities of company.” A case on Carrefour UK. CHAPTER 1: INTRODUCTION 1.1 Research Proposal (i) Research project description Globalisation is considered as most widely concept which helps organisation in moving their business at international level. It gives opportunities to corporations to increase productivity of businessbypeoplemobility, changesin organisational structureand culture, develop competitive strategies etc. The present research is going to study on evaluation of the positive key factors of globalisation that enhance productivity of operational activities of at a company (Alejandra Gonzalez-Perez, 2013). For this purpose, Carrefour is taken that deals in supermarket chain and offers a wide variety of food and non-food stuffs at its retail stores. It is a French multinational company and headquartered in Boulogne Billancourt, France. Due to globalisation, respective organisation gain opportunity to expand its business in more than 30 countries with 12,000 stores and provide employment to over 380k employees. To evaluate the importance of globalisation for chosen company, both qualitative and quantitative techniques are used in this research. (ii) Research aim and objectives Research aim:“To determine the positive impact of globalisation on operational activities of global companies.” A case study on Carrefour UK. Research objectives To identify the role of globalisation in international organisation. To evaluate the importance of different operations of Carrefour that helps in operating business at global level To determine the factors of globalisation which impact on operations of Carrefour. To recommend the strategies through which Carrefour can run its operations more successfully at global level. 1
(iii) Rationale behind research The main reason behind chosen this topic i.e. impact of globalisation at operations and function of global companies, they need to get chance to understand such a large topic. This would aid project makers to analyse how to work with a team and conduct different activities for completing the research. Working on the topic globalisation, will help in analysing ways by which a company can operate its business at global level, more successfully. (iv) Activities and Timescale For carrying out a project, a research team usually conducts a number activities in a definite period of time, to obtain outcomes in given period. In context with present research, various activities are being carried out to analyse the concept of globalisation as given below:- Introduction-This is the initial step in research that provides entire detail about background of company and study, significance and scope of the same. It will take near about 2 days for making a description of entire project briefly by researchers. Aims and objectives-It is the most important step, where project makers set aims and objectives to conduct the study(Apăvăloaie, 2014). This will provide specific direction to project makers for conducting entire research. For carrying out mention activity, research team will take approximately three days. Literature review-It provides description of research topic through various authors point of view. This would help in gathering data for addressing specific issues. In this regard, for conducting literature review by secondary sources, near about 12 days are required. Research methodology-It refers to a process of gathering both primary and secondary data, to gather adequate amount of information. For this purpose, 15 days will be taken by researchers in order to analyse which approaches proves better to collect relevant information on globalisation and its impact on business. Analysis of data-Data which is collected by secondary and primary source, are organised, interpreted and then analysed in this part. For this assistance, near about 12 days are required for analysing the data and make discussion on it. Conclusion and recommendations-After interpreting and analysing the data, conclusion and recommendations will be made to provide suggestion to company by which it can overcome from its describing issues to perform well(Appel,Franz and Hassler, 2014). For this purpose, 2
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five days are required to evaluate entire outcomes of research and make recommendation on same. Submission of final report- It will be done in one day after completing entire activities of research. For framing entire above mentioned activities into prescribed duration of time, Gantt Chart technique is used. It refers to pictorial representation of research activities which are plot against specific time duration(Axelrod and VanDeveer, 2014). This would help in providing information to project makers about duration under which each activity has to be completed. 3
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CHAPTER 2: Literature review 2.1 Introduction Literature review defines as a comprehensive summary of investigation report which is carried out earlier by other authors on a particular topic. This section provides theoretical view of a study and an adequate information by which researchers can meet actual criteria of research more effectively. In context with present research, here investigating team can explore relevant data from various sources of secondary technique such as books, scholarly articles, journals, authenticate websites and others. 2.2 Literature Review Role of globalisation in international organisation: As per views ofBailey andet al., 2018, it has been analysed that globalisation refers to an umbrella term with respect to integration, interdependence and interaction between companies and their respective customers in disparate locations. It leads to bring complexities in business operations in terms of social, economic, cultural, political and technological changes. In globalisation, multinational companies play a pivotal role as they are extremely sensitive to those changes which are happened within international system. Globalisation offers a number of opportunity start from removing barriers from import-export activities to move business at overseas market. According to economic data, near about 308,300 companies of UK are engaged ininternationaltradein2013.Thiswouldaidtogivehighsupporttogovernmentby multinational corporations in economy development. Similarly, as per National Statistic of UK Office, due to globalisation with increase in size of business, likelihood of overseas trading also increases. In this regard, organisations having a large workforce gain opportunity to export over 40.7% of products at international market more easily. Along with this, there are many benefits whichisgainbyanorganizationwhentheyexpandinternationally.Itincludesgiving employment to highly qualified workers belong to different culture which bring productivity in business. Importance of different operations of Carrefour to run business at global level: As per the views ofBaud and Durand, 2012, it has been identified that retail business includes entire operations that helps in keeping store functions well. In such business, every operations is carefully designed, planned as well as executed. It includes store designing, display 5
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of items, customers services, shopping prevention, display placement, staff management, supply chainand so on. There factors are essential for a company to consider when they are conducting its operations and functions in retail industry because these elements attract customers and encourage them to visit store again and again. There are major three section which provide detail description of responsibilities which have to perform in retail store operations i.e. designing of store, customers services and inventory of products. Designing of store:It is necessary of a company to design their store according to their products offering. This is so because by it they abler to attract and aware customers about products that they are offers, it is also a major part which customer experienced while shopping. Factors which must be consider while designing store are location of store so that customers reach their easily, internal as well as external design and layout of store tone the experience of customers. Customers services:Succession of a business is depend upon customers services i.e. how they treat its customers. It is true that customers are not always right but they are always a customers who represent potential sales of a firm. By providing excellent customer services store can gain high competitive advancement. For this it is necessary for a company to provide training and development session to employees so that they can attain customers properly. Inventory of products:It is essential for a firm to manage its products inventory so that they can satisfy need and requirement of customers. For which they must keep balance between supply and demand of products which is based on selling and restocking it. There are some function which consider under inventory management i.e. ordering merchandise, receiving stocks, proper inventory system and then manage merchandise properly. Factors of globalisation which impact on operations of Carrefour: According to the views point ofBelás and et. al., 2014, there are various factors of globalisation which a company need to focus while expanding their business operation and functions at international market. That will help them in conducting activities in proper manner at global market in order to attain goal and objective. The various factors of globalization are location, legal rules and regulations, customers requirement, culture and so on. These factors directly and indirectly impact on business operation of a company. This impact can be in the 6
form of positive as well as negative, so it is necessary for a company to analysis factors and then develop strategies and plans accordingly. Through these factors company able to conduct their operation with more appropriate resources because through globalisation company able to get more effective resources form different different location. Along with this company able to get more skilled and experienced employees form diverse location through globalisation. Moreover through this factor an organization also help country in enhancing their economy of country as well as business. That will help them in gaining more and more profit by increasing customers range all over the world. 7
CHAPTER 3: Methodology 3.1 Research Approaches These approaches are the concept plans or procedure used for conducting research. Research approaches are steps from assumptions to detailed methods. There are various methods used for data collection and interpretation of data to represent core of information. Research methods are techniques for discovering new or uncovered information that helps in better understanding of topic. Data collected and analysed in research enables team to organize their efforts into one cohesive and conceptual idea generation task for making business decisions. Researchers organize research by formulating, defining and design plans to answer or identified requirement(Beynon-Davies, 2013). This consists of processing of broad assumptions into detailed methods of data collection, analysis and interpretation. Research approaches helps in taking overall business decisions by in depth study of topic done by researchers. It is essentially divided into two categories which is data collection and data analysis. Types of research approaches for data collection are qualitative and quantitative tools.Quantitative data can be measured in number or size of data collected where as qualitative data can not be measured, it can done by observations.Here, research is conducted both in ethical and reliable manner to conclude appropriate outcomes. 3.2 Methodologies (i)Sampling-It is the term used to represents large number of population as whole. Samples are selected part of population. In research, samples refers to a group of people that are taken from large population for measurement. Purpose of sampling is to draw conclusion about population from selected part that is sample(Carneiro and Brenes, 2014). It enables to determine a population character by directly observing only an potion of population. In this researcher use convenience sampling technique to collect data for research. Under this research, 10 respondents have been selected from Carrefour's stakeholders to take their feedbacks for running business effectively. . (ii)Data analysis-Data is gathered under present research by main two sources viz. primary and secondary. Primary source is used to collect original and unused information by conducting a survey on chosen respondents.whereas, under secondary, books and journals are used to collect data from past recorded information. 8
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(iii)Cost, access and ethical considerations-Ethical consideration is very important in conductingaresearch.Researchconductedbyresearchercontainsinformationabout respondents. It is responsibility of researcher to keep information safe and do not miss use it. Data collected in research should be confidential and secure with researcher(Cavusgil and Knight, 2015). After collecting data researcher analyses data for useful information about topic. It is ethical responsibility of researcher to provide original and authentic knowledge in research with minimising or avoiding errors. Along with this it is essential for an organization to evaluate requirement of cost so that they can develop as well as access activities in more effective manner. These all will help an organization in attaining goal and objective in appropriate as well as successful manner in specific time period. 9
CHAPTER 4: DATA COLLECTION AND ANALYSIS 4.1 Data collection It refers to a method which is used by a company in order to collect data and information according to issues or topic of project(Cohen and Kietzmann, 2014). Through this researcher able to get appropriate outcome which help them in attaining their objective. This can be done by using two method i.e. primary method as well as secondary method. Questionnaire Q1. Do you think globalisation impact positively on operations of Carrefour? Yes No Q2. Which operations ofCarrefour helps in conducting business at global level more easily? Store layout Product management Customer service Q3. According to you on which function Carrefour needs to concern more for further expansion of business? HRM Marketing R&D Q4. What are the factor of globalisation that impact on operations of Carrefour ? Legal policies Social factors Trends and requirements Q5. What are the strategies through which Carrefour can going global ? Franchising Strategic alliances Partnering up Q6. What are the benefits of globalisation to business of Carrefour ? Growth opportunity 10
Market development Q7. What are the major resources required by Carrefour in conducting the business at globally ? Financial resources Technological resources Manpower Q8. Any suggestion for further improvements......................................................................... 4.2 Data analysis, presentation and discussion At this stage researcher analysis data or information which they collected in order to get appropriate outcome. Along with this, at this method project manager inspect, filter, transform and convert data according to requirement. Theme 1: Concept of globalisation Q1. Do you think globalisation impact positively on operations of Carrefour? Frequency Yes7 No3 Interpretation:Fromabove graph it can be analysis and evaluate that when an organization expand its business it will be affected by various factors of globalisation. The impact can be positive or negative. So in order to avoid it company conduct proper evaluation which help in developing strategies and policies. In respect ofCarrefour, when they conduct research and 11 7 3 Yes No
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asked from respondent that what they think globalisation is impacting them positively, on this 7 respondents think that yes it will impacting positively and 3 think no it will not impact positively. Theme 2:Operations of Carrefour helps in conducting business at global level more easily Q2. Which operations of Carrefour helps in conducting business at global level more easily? Frequency Store layout2 Inventory management5 Customer service3 Interpretation:From the above graph it can be evaluate that there are various function which helps a company in conducting their business operations and function easily and effectively. Such as layout of store, products manageable, inventory management, customers support and service and so on.When respective company conduct evaluation and ask to their respondents that which operations of Carrefour helps in conducting business at global level more easily, then according to 5 inventory management helps respective company. Whereas according to 3 customers services helps them the most but according to 2 respondents layout of store helps them most. 12 2 5 3 Store layout Inventory management Customer service
Theme 3: Which function Carrefour needs to concern more for further expansion of business Q3. According to you on which function Carrefour needs to concern more for further expansion of business? Frequency HRM3 Marketing2 R&D5 Interpretation:By analysing above data or graph it can be interpret that every department or function of a company is essential and they also help firm in expanding their business operation at global level. Along with this every department conduct different different function but all important and plays major part in expanding business or attaining goal or objective. Respective company conduct analysis in order to evaluate and analysis whichfunction of Carrefour needs to concern more for further expansion of business. In respect of this according to 5 respondents out of 10 thing it is R&D department and in perspective of 3 respondents human resource plays an initial role. Along with this according to perspective of 2 respondents marketing function is essential for attaining goal of expanding business operations. Theme 4:the factor of globalisation that impact on operations of Carrefour 13 3 2 5HRM Marketing R&D
Q4.Whatarethefactorofglobalisationthatimpacton operations of Carrefour ? Frequency Legal policies3 Social factors5 Trends and requirements2 Interpretation:There are various factors of globalization which impact on respective company operations and functions. This impact can be in negative or can be positive. So it is essential for a company to conduct analysis and develop strategy accordingly so that they can develop strategy appropriately. Respective company conduct analysis in which they ask 10 respondents thatthe factor of globalisation that impact on operations of Carrefour. Then according to 5 respondents company is affected by social factors. Whereas as per perception of 3 respondents respective company affected by legal policies because they have to update their strategies and policies accordingly. But according to 2 respondents respective company affect due to trends and requirement at a marketplace. Theme 5: The strategies through which Carrefour can expand globally Q5. What are the strategies through which Carrefour can going global ? Frequency Franchising3 14 3 5 2 Legal policies Social factors Trends and requirements
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Strategic alliances3 Partnering up4 Interpretation:When a company want to expand its business they may adopt various methods so that they can able to expand successfully. Methods which a company may use are franchising, exporting and importing, partnership, strategic alliances, licencing and so on. In respect of respective company they ask to 10 respondents which is most appropriate method for expanding business operation internationally. According to 4 respondents they can go with the choice of partnership and according to 3 respondents they can be adopt strategic alliances. Whereas according to left over 3 respondents they can go with franchise. Theme 6: The benefits of globalisation to business of Carrefour Q6.Whatarethebenefitsofglobalisationtobusinessof Carrefour ? Frequency Growth opportunity8 15 3 3 4 Franchising Strategic alliances Partnering up
Market development2 Interpretation:According to given graph it can be evaluate that globalisation helps an organization in various ways such as expanding business, enhancing customers base, increase market shares and many more. Along with this through globalisation government also able to increase its economy. An organization also able to adopt new innovative technology which help them in increasing as well as improving their productivity ratio. According to data collected by respective company form 10 respondents onbenefits of globalisation to business of Carrefour. As per the perception of 8 respondents respective company able to get growth opportunities form globalisation and according to 2 respondents respective company gain market development. Theme 7: The major resources required while Carrefour conducting business at globally Q7. What are the major resources required while Carrefour conducting the business at globally ? Frequency Financial resources5 Technological resources2 Manpower3 16 8 2 Growth opportunity Market development
Interpretation:By evaluating above given data it can be interpret that there are various resources which are required by a company when they are planning to growing their business operations and functions in international market. These factors can be manpower, technological resources, finance, resources and many more. To know which resource is more essential respective company conduct analysis, on the basis of which according to 5 respondents respective company more require financial resources and according to 3 peoples they need manpower for expanding business operations. Whereas according to 2 respondents they need new and innovative technology. 17 5 2 3 Financial resources Technological resources Manpower
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CHAPTER 5: CONCLUSION AND RECOMMENDATION 5.1 Conclusion From the above discussed point it can be evaluate as well as analysis that for an organization expansion is necessary because by it they able to gain various benefits such as enhancement in customers base, profitability ratio, market shares, economic condition and so on. Along with this it will also impact on company's operations and functions in various ways like throughthiscompanyabletoadoptnewtechnologywhichhelpinproductionprocess, promotional procedure and many more. So that to analysis its impact company can conduct analysis so that they know about their strength and weakness which help in developing strategies as well as policies accordingly. 5.2 Recommendation By evaluating above situation or condition there are some recommendation which can be provided to respective company. Such as they can update and maintain effective marketing strategy which help them in attracting and satisfying more and more customers that leads to increase in profitability ratio. Along with this, they can also adopt robotic technology at their store which help in them in complishion of work in more proper and effective manner. Through this employees also able to conduct work in effective way and leads to quality work. This will also attract customers and satisfy their need and requirement properly. 18
CHAPTER 6: PERSONAL REFLECTIVE STATEMENT 6.1 Reflection on research methods Research methodologies used in respective company is questionnaire. By which I learn many thingswhich help me in my future such as I increased my understanding skills, communication skills and so on. But will collecting data through questionnaire I face various issues and problems like peoplesare not ready to answer questions, someof themfill questionnaire which is not properly and accordingly. By at the end of research I increase my skills of communication and also get to how to convince other. 6.2 Alternative research methods While collecting data through questionnaire method I go through various issues and problems that will also impact on research outcome. So alternative method or technique which I can use next time for collecting data is through external sources such as newspapers, articles and books. Through this I able to analysis viewpoint of other authors which is same with my research topic. 6.3 Areas for further research After completing this research I analysis that there are some point which are not covered by me such as I am not able to analysis data which I collected as well as change my method of collecting information. Through this I will able to conduct my research in more appropriate manner and that will also provide proper outcome according to research conducted. Along with this these changes also help me in providing appropriate recommendation based on outcome which I get through. 19