Impact Of Globalization And Challenges Faced By It
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Added on 2020-10-05
Impact Of Globalization And Challenges Faced By It
Added on 2020-10-05
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RESEARCH PROPOSAL
Research Proposal FormStudent Name: ______________________ Student ID:____________Centre Name: _____________________Tutor: ________________ Date:___________________Unit: ____________________Proposed Title: The impact of globalisation on the corporate structures of largemultinational companies and the major challenges they face.Section One: Title, objective, responsibilitiesTitle or working title of the research project (in the form of aquestion, objective or hypothesis)To determine impact of globalisation on the corporate structures of large multinationalcompanies and the major challenges they face. A study on TopShop. Research objectives (e.g what is the question you want toanswer? What do you want to learn how to do? What do youwant to find out?):To understand the study of globalisation. To evaluate the benefits of corporate structure for TopShop. To analyse the major influence of corporate structure on the globalisedoperations of TopShop. To identify the challenges that are faced by TopShop while globalised itsbusiness operations. Section Two: Reasons for choosing this research projectReasons for choosing the project (e.g links to other subjectsyou are studying, personal interest, future plans,knowledge/skills you want to improve, why the topic isimportant):The reason for selecting this research project is to enhance the knowledge base as well asskills. Through this, the learning ability of a learner will be improved and it will help forthe future aspects. After conducting investigation, learner can deal with any kind of issue
and find the effective way to overcome from them. It will help in provide the positiveoutcomes in an effective or better manner.Section Three: Literature sources searchedUse of key literature sources to support your researchquestion, objective or hypothesis: Understand the study of globalisationAccording to opinion of BEVERLY BIRD AND CAROL KOPP (2019) Globalisationrefers to a procedure through which the business develop their international influence oralso operate the business at international level. It is also a process under which, products,ideas and people are spread throughout world, spurring integration and interactionamong the government and culture. In context to globalisation of business, it change inbusiness from firm that is related with single country to one that operate in the manycountries. It leads to enhanced the competition and it can be concerned with cost ofproducts or services, target market, quick production and many others.Benefits of corporate structure for TopShopA per opinion of Will Kenton (2019) Corporate structure refers to firm of variousdepartment with in firm. It is based on the goals of an industry in which it operates.TopShop is multinational fashion retailer of shoes, clothing, accessories and make- up.This company has almost 500 shops in all over the world. It also operate its businessonline. According to opinion of BizFilings (2019) corporate structure of TopShop firmis tall because of various levels in hierarchy and managers tend to be control over moreemployees at a time. The main benefits of corporate structure to business of TopShop areimproving decision making, Focus on sales and customer service, promote upwardmobility, Improve Employee Training etc.Major influence of corporate structure on the globalised operations of TopShopAccording to view point of Sophie Johnson (2019) Corporate structure is a way throughwhich company can communicate, adapts change and also distribute the responsibilities.The requirement of corporate governance arise in the modern corporate among the rightof the shareholders as well as suppliers. The corporate structure of firm can identifyfailure or success of business to enter in market. The decision of the business owner ofTopShop firm makes in selecting the management along with roles of employees with in
firm can help in identify proper structure.Challenges that are faced by TopShop while globalised its business operations. According to opinion of Mark Miller (2019), The global trade develop the many marketopportunities of business firm in United Kingdom. Under this, TopShop companyconduct its business at global level but it faces some issues related to language barrier,culture, working habits, taxation policies, environment and many others. These alldevelop the negative impact on business or arise the complexities in making businessglobalise. So, it is necessary for the TopShop firm to determine the effective ways orsolutions for overcome from the arisen challenges in an effective manner.Bird, B. and Kopp, C., 2019. Globalization. [Online]. Available through:<https://www.investopedia.com/terms/g/globalization.asp>.BizFilings., 2019. The 7 Benefits of Forming a Corporation. [Online]. Availablethrough: <https://startupnation.com/start-your-business/plan-your-business/benefits-of-forming-a-corporation/>.Johnson, S., 2019. The Impact of Organisational Structure on Productivity. [Online].Available through: <https://yourbusiness.azcentral.com/impact-organization-structure-productivity-25605.html>.Kenton, W., 2019. Organizational Structure. [Online]. Available through:<https://www.investopedia.com/terms/o/organizational-structure.asp>.Miller, M., 2019. Challenges of a Global Company. [Online]. Available through:<https://www.volarisgroup.com/blog/article/challenges-of-a-global-company>.Section Four: Activities and timescalesActivities to be carried out during the researchproject (e.g research, development and analysis ofideas, writing, data collection, numerical analysis,tutor meetings, production of final outcome,How longthis willtake:
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