Overview Globalization is a process of integration and interaction among individuals two different countries for specific purpose (Nikolova, Rodionov and Afanasyeva, 2017). It is offering wide scale of development and innovation to companies across the globe. Globalization is supported by industries and government of different countries because it helps the regions in managing economic growth by eliminating poverty, by creating wealth and job creation opportunities. This is the activity that will support the proper rise in meeting the needs and demands of the action plans that are been carried out within the organization to have an expansion and conduction of business activities on the global or international level. The proper rise in the placing of the business activities will lead the fir to enhance their performance and thus will support the meeting of desired outputs and objectives that are been planned. The expansion of a business firm like Tesco on the international level is beneficial for the firm in manifolds. It will help the retail enterprise to carry out the business activities in much suitable way (Giddens, 2018). Besides this, it will support the proper placing of the action plans and thus develop the effective strategies depending on the international market condition, customers requirements and marketing processes that are been carried out within the fir to meet the effective needs of selected retail enterprise. This will also support the proper placing of their outlets on the basis of extensive market research and thus, will lead the firm to enhance the quality of operations and other business activities in much suitable and effective manner. Aim “To ascertain impact of globalization on corporate structures of multinational companies: A case study on
Tesco”. Objectives To assess influence of globalization on multinational companies To analyses major challenges faced by Tesco because of globalization To recommend way to control the influence of globalization on business operations. Section Two: Reasons for choosing this research project The research is conducted for personal interest where focus of researcher on gaining insights over changes faced by larger enterprise because of globalization. The investigation is conducted for academic purpose where the scholar will evaluate various pros and cons of research topic in order to draw critical analysand of research tittle. Section Three: Literature sources searched The globalization process plays a very crucial role in the setting up of the business activities and operations that will help the firm to expand its business activities and operations in much suitable manner. This process will help the firm to enhance the quality of their products and services and cater the requirements of buyers of Tesco plc on an international level.Definition of Globalization: As per the views and considerations of the Giddens, (2018), this can be said that Globalization process is the activity that helps the firm to carry out the proper placing of business operations and action plans on the international level. In other words, “Globalization is the practice to expand the business operations and providing
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services all over the world by various means”. This will help the firm to carry out the retail operations in much effective and significant manner. On the other hand, (Nikolova, Rodionov and Afanasyeva, 2017), states that the proper placing of the business activities and operations will support the suitable rise in carrying out business activities and help the firm to improve the quality of services in much suitable manner. The firm following these measure are known as global enterprises or multinational corporation (MNC's). Importance of Globalization: Globalization is one of the most widely practiced business approach that supports the effective placing of the operations. According to the views ofNardi (2018), with the rise in the competition within retail business segment, globalization has become imminent for the various retail enterprises in order to sustain in market and thus supports the effective placing of business operations and activities in much suitable manner. Besides this, the findings of Bernard (2017), states that the globalization processes which are been carried out in much effective way will help the organization to improve their business activities on international level in much suitable manner. Also, it will help the fir to cater the needs and demands of customers in suitable way. Impact of Globalization on corporate business structure The globalization measures and activities that are been followed by the firm will help the firm to maintain their operational capacity depending on the operations that are been carried out by the firm. As per the views of Giddens, (2018), the globalization process within the organization will support the effective placing of the retail operations and thus lead to the effective placing of operations in much effective and suitable manner. It will assist the corporate structure to have a good growth and
maintain the quality of products and services that are been offered to the customers by the organization. As per the findings ofHirst, Thompson and Bromley, (2015), it will support an effective rise in enhancing the customer base on the international level and thus, will lead the firm to maintain the quality measures and effective placing of business operations in much suitable manner. Benefits and constraints of Globalization: It supports the suitable rise in the customer satisfaction level. Besides this, it will lead the fir to enhance the quality measures that are been taken within the organization in much effective way. As per the views ofBoyden, (2015), it will have certain benefits and limitations which are required to be taken in effective considerations by the firm to carry out the business operations and thus will lead the organization to enhance the quality of business activities and placing of operations and expansion of business on the international level. Section Four: Activities and timescales Activities to be carried out during the research project (e.g. research, development and analysis of ideas, writing, data collection, numerical analysis, tutor meetings, production of final outcome, evaluation, writing the report): Activities and time scale How long this will take:
Milestone one: Target date (set by tutor): Milestone two: Target date (set by tutor): Section Five: Research approach and methodologies Illustration1: Activities and time scale
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Research Approach Approach of research is a planned procedure which comprise broad assumptions of data collection an analysis on research topic. It is the methodological factor which helps the scholar in addressing problem statement by considered all major factors of topic. There are various type of approaches of research that is abductive, inductive and inductive. However, deductive approach is used by research in case of logical and analytical reasoning whereas inductive approach is based on application of evidence, theories and models to prove effectiveness of research topic. The abductive research approach is used by scholar when the researcher aim at overcoming weakness of certain topic. Therefore, in this study the scholar will make use of inductive approach as it will be supported by implication of theories and models for making critical analysis over impact of globalization on corporate structure of Tesco, one of the leading retailer of United Kingdom. Methodologies Sampling:It is the process of sorting research sources from large available sources. There are different types of sampling method that is random, stratified, cluster, probable, etc. Every sampling enables different way of sorting relevant population (Bernard, 2017). Thus, in this study the research will make use of random sampling method as in this every source has equal and opposite chances of getting selected. The sample of current study will be 20 employees of Tesco who will be chosen from different departments of company. Data analysis:It is the most critical part of study which helps in outlining findings. There are to type of data analysis method that is qualitative and quantitative where qualitative analysis is done in numerical form therefore research will make use of qualitative analysis where collected data will be analyzed with the help of graphs,
bars, etc. in descriptive form Cost:Cost is the crucial concern of research which will comprise stationery, traveling, refreshments, printing and other expenses. Access:Access is based on framework of study which comprise consent of employees and management authorities of Tesco. Apart from this, it will include access to funds and secondary sources like, governmental publication, personal articles of different scholars. Ethical consideration:Adhering to ethics is the major concern of research wherein scholar will focus on informed consent to participant that is employee of Tesco before conducting interview. However, the individual will also seek permission from management and authorities of Tesco for conducting investigation on particular topic. Data collection It offers method of collecting relevant information on chosen research topic. There are two types of data collection method that is primary and secondary where secondary is based on already collected and available information (Nardi, 2018). Primary information is current and fresh facts which are gathered by researcher on frame objectives. Apparently, the researcher will make use of both data collection methods where primary information will be collected via interview and secondary will be gathered via governmental publication, books and articles. Data Analysis It is the logical reasoning of collected information for which scholar will make use of thematic analysis which will assist the individual in making systematic and justified analysis of collected information.
Comments and agreement from tutor Comments (optional): I confirm that the project is not work which has been or will be submitted for another qualification and is appropriate. Agreed:(name): (date): Comments and agreement from project proposal checker (if applicable) Comments (optional): I confirm that the project is appropriate. Agreed:(name):(date): 6.1 Refection on research methods Research methods are the crucial part of project because in my opinion it offers systematic collection and presentation of information. It suggests the best way of approaching research according to chosen topic (Research Philosophy,2018). I feel inductuve approach helps the scholar in
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systematic reasoning of facts and current gathered information with the help of theories, evidence and model. Likewise, I feel implementing use of both type of data collection method is beneficial because it helps in making research wide by establishing comparison of information collected in past and present collected information. Implementing use of both type of data collection methods helps the scholar in proving relevancy of present analysis. Further, I feel use of graphs and bars was the effective approach of analyzing qualitative study as it demonstrated clear view of outcomes. 6.2 Alternative research methods In accordance with methodologies, it can be outline that there are various types of research methods which could have been used by scholar. Like the research could have deductive approach of study because it is offers hypothesis for comparison of information on research with the help of relevant models and theories. Apart from this, in my opinion quantitative study is effective for deriving valuable outcomes because it enables comparative study where scholar is able to demonstrated dependency of two variables. 6.3 Areas for further research The topic of research is wide and helps the scholar in outlining impact on overall corporate structure of Tesco where future studies can be focused on one specific corporate governance and strategy use by company like, lean management, corporate social responsibility, etc. Hence, the study will cover wide range of impact of globalization and therefore can be used as reference and guidance for forthcoming business project based on globalization, corporate strategy and governance.
Illustration2: Gantt Chart
REFERENCES Books and Journals Bernard,H.R.,2017.Researchmethodsinanthropology:Qualitativeandquantitative approaches. Rowman & Littlefield. Boyden, J., 2015. Childhood and the policy makers: A comparative perspective on the globalization of childhood. InConstructing and reconstructing childhood(pp. 185- 219). Routledge. Giddens, A., 2018. Globalization. InSociology of Globalization(pp. 19-26). Routledge. Hirst, P., Thompson, G. and Bromley, S., 2015.Globalization in question. John Wiley & Sons. Nardi, P.M., 2018.Doing survey research: A guide to quantitative methods. Routledge. Nikolova, L.V., Rodionov, D.G. and Afanasyeva, N.V., 2017. Impact of globalization on innovation project risks estimation.European Research Studies.20(2). pp.396. Online ResearchPhilosophy.2018.[Online].Availablethrough: <https://research-methodology.net/research-philosophy/>.