Introduction Globalisation is consider as historical process that help in technological advancement as well as human innovation. Generally,itreferstodevelopinganinteractionor integrationofeconomiesacrossglobe.Inbusiness, globalisation is change from firm that is related with single countrytotheonethatcanoperateinseveralother countries.
Research Aim The main aim of this research is “Todeterminethesignificanceofglobalisationin making business organizationsuccessful. A study on H&M.”
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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.
Findings Concept of globalisation provide benefits to H&M. 30 10 a) Yes b) No
Benefits of globalisation for H&M in attaining success at global market. 15 15 10 a) Increase overall sales b) Increase competition level c) Increase in quality of good and services
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Conclusion From the above mentioned research it has been analysed that concept of globalisation play a vital role in developing opportunitiesforbusinessorganizationtooperatetheir activities at global level with the aim of attaining higher success.Mainly,itisanimportantprocessoftaking businesstowardsthesuccessbyprovidingbetter opportunities to business.
Recommendation •For attaining success at global market, H&M needs to focus on effective advertising strategies to serve quality productstolargenumberof customers. Ithelpin 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.
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.
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References 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 OrganicSocialOverstated?.JournalofAdvertising Research. 55(3). pp.232-236.