Benefits and Drawbacks of Global Business

This presentation discusses the benefits and drawbacks of global business, focusing on its impact on functions. It includes a case study on Virgin Atlantic and provides recommendations for conducting ethical business at the international level.

RESEARCH ETHICS
(The benefits and drawbacks of a global business
environment.)

Table of Content
 Introduction
 Research Aim
 Findings to Stakeholders
 Conclusion
 Recommendations
 References

Introduction
Globalisation refers to process through which world is
becoming enhancing interconnectedness as result of
enhance trade as well as cultural exchange. It is a greater
movement of products, ideas, people and capital because
of increased economic integration that in turn is prompt
through maximised trade as well as investment.

Research Aim
The main aim of this research is “To ascertain the benefits
and drawbacks of globalisation upon business
functions”. A case study on Virgin Atlantic.

Findings to Stakeholders
Stakeholders are the main part of an organisation and they
plays a necessary role in business activities and
operations of business. In context to research, it is a
responsibility of researcher to communicate the research
findings which are related to objectives to stakeholders in
a better manner.

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Factors which are covered under the concept of
globalisation
As per the above discussion, it has been analysed that
Globalisation is spread of technology, services, products
and also information across national culture and borders. It
is fact that enhancing the livelihood in world so that the
people, groups and the nations become more
interdependent.

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Benefits of globalisation on business functions of Virgin
Atlantic
From above discussion it has been stated that Globalisation
develops opportunities for Virgin Atlantic for several
countries to experience economic development. Globalisation
affects on operations strategies of Virgin Atlantic in various
ways consisting scanning and learning, global sourcing,
research and development and economices of scale.

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Drawbacks of globalisation on businesses functions of
airline company
As per above analysis Globalisation is related to interaction
of an economy with other economies of world. It paves
way for redistribution of the economic power at world
that leading to domination through economically
powerful nations.

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Relationship between globalisation and its influence over
business functions
From discussion in literature review, it has been analysed that the
globalisation is wide area concept and globalisation impact on
the functions of business in a better manner. In Virgin
Atlantic, there are many different functions such as marketing,
human resource, operations, research and development etc. are
working for the company in globalise business.

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Ways by which Virgin Atlantic can overcome from
drawbacks of globalisation
It has been analysed from the above discussion that
globalisation provides the disadvantages for company as
it negatively impact on its business operations. The
Virgin Atlantic is airline firm and it faces some issues
related to globalisation.

Conclusion
From the above mention research, it has been interpret that
globalisation is a wider concept that help company to
expand business at international level. Under this report
discussed about the benefits and drawbacks of
globalisation in detailed manner.

Recommendations
 It has been recommend that Virgin Atlantic should
follow all the ethical considerations while conducting
business at international level.
 Company should conduct investigation about needs
and demands of customers, existing competitors etc.
before conducting business at global level.

References
Axelrod, R. S. and VanDeveer, S. D. eds., 2014. The global
environment: institutions, law, and policy. CQ Press.
Appel, A., Franz, M. and Hassler, M., 2014. Intermediaries in
agro-food networks in Turkey: How middlemen respond to
transforming food market structures. DIE ERDE–Journal of
the Geographical Society of Berlin. 145(3). pp.148-157.

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