TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 Background.................................................................................................................................1 Research Aims and objectives....................................................................................................1 Research questions......................................................................................................................1 Rationale....................................................................................................................................1 Literature review.........................................................................................................................1 Research methodology................................................................................................................1 CONCLUSION................................................................................................................................1 REFERENCES................................................................................................................................2
INTRODUCTION Topic-Impact of Globalisation on different strategies that is been employed by the business for entering into the emerging market: A study on Tesco. Background Globalization refers to the process of the integration and the interaction among the people, government and the companies across the world. It implies for the opening of the local and the nationalistic perspectives towards a broader outlook that include free capital transfer, services and the goods across the national frontiers. The interdependence among the different countries is growing due to the increase in the integration of the trade, people, ideas and finance in the single global marketplace. In other words, it means the international integration that arises from the exchange of the world views, ideas, products and other aspects like culture. It involves exchange of the national and the cultural resources worldwide (Giddens,2018). The major factors that results in globalization are transportation and the telecommunication infrastructure with the inclusion of the rise in the telegraph and the internet technology. The present research study is based on Tesco, the largest multinational retailer of UK, deals in wide range of the food and the grocery products. Furthermore, the study throws deep insights towards the impact of the globalisation on the strategies created by the business organization in order to capture the emerging market. Moreover, research aims, objectives and methodology are also been described under the study. Research Aims and objectives Aim- To assess the influence of the globalisation on the different strategies that are been developed by business for making the presence in new market. Objectives- ď‚·To evaluate the positive and the negative impacts of the globalisation in the emerging market. ď‚·To develop new ideas for studying the effect of globalisation on the strategies in the market development. ď‚·To investigate the practices that need to be adopted by organization for overcoming the effect of the globalization. 1
Research questions Q.1 What are the positive and the negative factors of the globalization that influence the strategy of organization? Q.2 What are the recent trend of the globalization that are adopted by the company in order to enter in the emerging market? Rationale The major reason behind studying the effect of the globalisation is that in recent times it has been a major issue that it impacts the strategic management of the company to great extent. Due to the globalisation the firm has to seek for opening new offices or the branches in the different countries across the globe so that the desire and the needs of the customers can be met by expanding the business in other parts of the countries (Shahbaz and et.al., 2018). It affects the strategic management because it is essential for the organization to identify expansion strategy which had to be developed by it for extending its services in several countries.The other main reasons for making the study relating to the impact of globalisation on the different marketing strategies of the company is it is the major issue that each and every organization is facing which becomes important for the researcher to gain the deeper insights relating this issue and the prospects that are associated with the globalization. Literature review Theme 1:Impact of globalisation on the strategic management of the organization. According to theKaufmann and Arnold, (2018),it has been identified that, Globalisation creates several opportunities in order to share the knowledge, values, technology, behavioural norms and in promoting the development at various levels across the different countries. However, it has also been viewed by theMacchion and et.al., (2017),that, responding to the globalizationrequirestheorganizationforchangingtheirstrategyforcopingwiththe environment and in order to redesign the internal capability for matching the strategy with the external environment. In accordance with theFerreira and Fernandes,(2017), it has been analysedthatglobalizationhasresultedininitiatingdifferentsocialmovementsinthe developing countries. Strategy gap arises when the strategy does not match with the global environment.GoliniandKalchschmidt,(2015),viewedthatitisveryessentialforthe organization to select and develop the best strategy in context of the globalization so that it could be able to survive, sustain and succeed worldwide. 2
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Theme 2:ways of entering into the emerging market As stated by theFidel,Cervera and Schlesinger,(2016), it is been identified that the company can enter into the emerging market by adopting corporate restructuring strategy that is through joint venture, merger and acquisitions etc. It is very important that the company chooses right strategy or option before entering into the emerging market as joint venture facilitates various opportunities to the company for gaining the new insights and the expertise. However, It restricts the flexibility as the company has to provide more focus towards the joint venture and thus their other business processes get suffer. Research methodology (Source: Research onion, 2017) Research type- Specifically there are two major types of the research that are qualitative and the quantitative research (Hay and et.al., 2018). With reference to this study, scholar will be using the qualitative research type because qualitative characteristics has to be studied regarding the effect of the globalization on the strategies developed by the organization in order to enter in the new markets. Research Approach- There are mainly two approaches that can be adopted by the investigator for making the research study that involve inductive and deductive approach (Rosskam,2018). In this study, researcher will be using inductive approach which begins with the observation and end with the research processes. 3
Research Philosophy- The philosophy are of two types that include positivism and interpretivism. The researcher under this study uses interpretivism philosophy as it helps in defining the cross-cultural gaps and the leadership quality in making the qualitative analysis. Data collection- Data could be gathered majorly from two sources that involves primary and secondary sources. The researcher will be using both the sources for making the study more reliable and valid. Scholar will prepare questionnaire as a primary source which will be made filled by the 15 executives of the company (LĂŞ and et.al., 2019). As a secondary source, researcher will collect data from published articles, internet and journals etc. Data analysis- For analysing the data, two techniques could be used by the investigator that is thematic and SPSS. According to this study, scholar will be using thematic method for data analysis where various themes will be prepared regarding the effect of the globalization on the strategic management and the different ways that the organization can adopt for entering into the new market. Ethical considerations- It relates with the norms and the guidelines that need to be followed by the researcher at the time of making the study. Proper consent form has to be framed and made signed by the respondent (Boyd,2018). Language used must not distort the sentiments of the participant. Timeline: Activi tiesWeek 123456789101112 Selecti on of the topic Frami ng of the aims and objecti 4
ves Condu cting literat ure review Selecti on of the resear ch metho ds Metho ds of collect ing data Techni ques of data analys is Discus sion Concl usions Reco mmen dation Modifi 5
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cation as per the client REFERENCES Books and Journals Macchion, L. and et.al., 2017. Improving innovation performance through environmental practices in the fashion industry: the moderating effect of internationalisation and the influence of collaboration.Production Planning & Control.28(3). pp.190-201. Boyd, B. K., 2018. Paradigm development in Chinese management research: The role of research methodology.Asia Pacific Journal of Management.pp.1-23. Ferreira, J. and Fernandes, C., 2017. Resources and capabilities’ effects on firm performance: what are they?.Journal of Knowledge Management.21(5).pp.1202-1217. Fidel, P., Cervera, A. and Schlesinger, W., 2016. Customer’s role in knowledge management andintheinnovationprocess:effectsoninnovationcapacityandmarketing results.Knowledge Management Research & Practice.14(2).pp.195-203. Giddens, A., 2018. Globalization. InSociology of globalization(pp. 19-26). Routledge. Golini, R. and Kalchschmidt, M., 2015. Managing inventories in global sourcing contexts: A contingency perspective.International Journal of Production Economics.165.pp.64-78. Hay,F.R.andet.al.,2018.Seedlongevityphenotyping:recommendationsonresearch methodology.Journal of experimental botany.70(2). pp.425-434. Kaufmann, D. and Arnold, T., 2018. Strategies of cities in globalised interurban competition: The locational policies framework.Urban Studies.55(12). pp.2703-2720. Lalić, A. B. and Pope, J. A., 2018. Introduction and Research Methodology. InBusiness and Society(pp. 1-9). Springer, Cham. 6
LĂŞ, J. K. And et.al., 2019. Why Research Methodology in Strategy and Management Remains as Important as Ever. InStanding on the Shoulders of Giants: Traditions and Innovations in Research Methodology(pp. 1-13). Emerald Publishing Limited. Rosskam, E., 2018. Using participatory action research methodology to improve worker health. InUnhealthy Work(pp. 211-228). Routledge. Shahbaz, M., Lahiani, A., Abosedra, S. and Hammoudeh, S., 2018. The role of globalization in energy consumption: a quantile cointegrating regression approach.Energy Economics.71. pp.161-170. 7