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Research Project Assignment - Global business environment

Added on - 23 Nov 2020

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Research Project
Table of ContentsTopic: “The benefits and drawbacks of a global business environment”........................................3CHAPTER 1: INTRODUCTION....................................................................................................3Overview and background of research...................................................................................3Rationale of the research........................................................................................................3Significance of research.........................................................................................................4Gantt chart..............................................................................................................................4CHAPTER 2: LITERATURE REVIEW.........................................................................................6Concept of global business environment................................................................................6Benefits of global business environment...............................................................................7Drawbacks of global business environment..........................................................................8CHAPTER 3: RESEARCH METHODOLOGY............................................................................9Research Philosophy..............................................................................................................9Research approaches............................................................................................................10Data collection......................................................................................................................12Sampling methods................................................................................................................12Ethical consideration............................................................................................................13CHAPTER 4: DATA ANALYSIS AND INTERPRETATIONS...................................................1Research outcome..........................................................................................................................11CHAPTER 5: CONCLUSION AND RECOMMENDATION.....................................................11Recommendation..................................................................................................................11Reflection.............................................................................................................................11Conclusion............................................................................................................................12REFERENCES..............................................................................................................................14..............................................................................................................................................15
Topic:“The benefits and drawbacks of a global business environment”CHAPTER 1: INTRODUCTIONOverview and background of researchGlobal business environment is considered as the environment which is influenced by allthe internal as well as external factors that affects operational activities of business ininternational market. It is observed that whenever any country operates its business in differentcountries then management team that specific company have to analyse all the factors such astechnology, culture, political, social, regulatory tax, legal etc. in order to take right decisions. Italso improves operational activities of company's at international level and maximises theirsustainability level. It also helps business organisation's in identifying different opportunitieswhich are available at market place (Schaltegger and Burritt, 2017). This present research isbased on TESCO, a well known retailer of United Kingdom. This company was established in1919 by Jack Cohen. In context to present research report, it contains information about the mainconcept of Global business environment and how large scale companies like TESCO uses thisconcept in enhancing their business growth effectively. For this, aims and objectives have beenprepared by the researcher to determine benefits of this concept. Along with this, it will alsoprovide information of drawbacks and issues of global business environment which impactsnegatively on the business growth of organisation. In this research, investigator will use manykind of methodology and approaches in order grab relevant information from various sources sothat proper outcome can be carried out from this information.Rationale of the researchThe main purpose of conducting this research is to enhance knowledge on the concept ofglobal business environment properly so that companies who are operating their business atinternational can use this information and maximise probability ratio. This research will also aidlarge scale company in understanding drawbacks of global expansion and finding out certainways by which they can minimise impact these drawbacks. In addition to this, this will also helpresearcher in improving their skills as while conducting this research they will perform manyactivities which will ultimately groom them. This enhancement of knowledge and skill will bebeneficial for researcher in conducting much better research in future.In addition to this, thiswill also help researcher in improving their skills as while conducting this research they will
perform many activities which will ultimately groom them. The research will also be helpful forTESCO, with this research its management team can improve policies and working procedurethat will improve performance of TESCO. It will also allow employees in improving theirknowledge through which they can perform their work in effective manner. As a result, it willcontribute in the growth of TESCO. This enhancement of knowledge and skill will be beneficialfor researcher in conducting much better research in future.Significance of researchThis research is important for TESCO as it will help this company in identifying majorissues which might be faced by this company at the time of global expansion. It will also helpcompany in improving its operational activities at international market and maximising itsbusiness growthResearch Aim“To identify benefits and drawbacks of a Global business environment” A case study onTESCO.Research Objectives:To determine concept of Global business environment.To identify benefits of Global business of global business environment for TESCO.To evaluate main drawback of global business environment for TESCO.Research QuestionsDescribe about the concept of Global business environment.What are the benefits of Global business of global business environment for TESCO?What are the main drawback of global business environment for TESCO?Gantt chartGantt chart is a graphical illustration of the sequence of processes that are used tocomplete a particular task. It helps to plan, coordinate and perform different tasks within aspecific interval of time. One of the biggest advantage of Gantt chart is that we get to know allinformation about tasks performed at a single place (Shenkar, Luo and Chi, 2014). Moreover,their are two axis in the representation of it, the horizontal axis denotes the time span which canbe in hours, weeks, months, years depending on the time given to do the task. Vertical axisdenotes the different activities used to achieve the goal.
CHAPTER 2: LITERATURE REVIEWConcept of global business environmentAs per the thoughts ofFalkner, (2017)it has been analysed that global businessenvironment refers to the environment in which organisation considers various of factor of othercountries before taking right decisions for them. The author have further said that main objectiveof these companies it to take right decision which contributes in enhancing its profitability ratio.It can be said that numerous factors like social, political, economical, environmental andtechnological factors are influencing decision making process large scale organisation. It hasbeen further analysed that it is essential for organisation who are expanding their business atinternational market or they are already operating their business in other countries to firstlyevaluate market place(Klepac and Berg, 2019). This will help companies in identifying riskyfactors, upcoming opportunities, changing trend, changing expectation of customers etc. As aresult, by knowing all of this information organisation can easily find out solution for risks andcan also maximise their profitability ratio.
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