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Research Proposal Form Student Name: ______________________Student ID: ____________ Centre Name:_____________________ Tutor:________________Date: ___________________ Unit:____________________ Proposed Title:“To identify the different strategies associated with entering into emerging markets in retail sector. A study on Marks and Spencer.” Section One: Title, objective, responsibilities Title or working title of the research project (in the form of a question, objective or hypothesis) INTRODUCTION Globalisation is about the interconnectivity of business and people across the world that finally leads to world-wide integration of economic, political and cultural. It is the cognition to communicate as well as to move easily with others all over the world in order to open the business in global market (Marquis and Raynard, 2015). Globalisation has leads to open the boarders to trade. There are different entering strategies which are employed by businesses to enter in the global market like Direct Exporting, licensing, Franchising, Partnering, Joint ventures, merger and acquisition and many others. All the entering modes have their own advantages and disadvantages which organisations have to evaluate before selecting the strategies. Thus, in this present report, researcher will use various techniques and methods in order to study the different strategies associated with entering into emerging market in retail sector. In addition to this, scholar will also provide recommendations and justification for suitable entry mode to Marks and Spencer and other organisations in retail sector. Marks and Spencer is one popular British multinational retailers in United Kingdom Research objectives (e.g what is the question you want to answer? What do you want to learn how to do? What do you want to find out?): AIM: “To identify the different strategies associated with entering into emerging markets in retail sector. A study on Marks and Spencer.”
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OBJECTIVES: To identify the entering strategies available for Marks and Spencer to enter into emerging market. To determine the advantages of different strategies to enter in the emerging market used by Marks and Spencer. To articulate challenges faced by organisation to enter in developing countries. To provide recommendations for effective implementing of entry strategies for successful establishment of business. Research Question: 1.What are the entering strategies available for Marks and Spencer to enter into emerging market? 2.What are the advantages of different strategies to enter in the emerging market used by Marks and Spencer? 3.What are the challenges faced by organisation to enter in developing countries? 4.What are the recommendations for effective implementing of entry strategies for successful establishment of business? Section Two: Reasons for choosing this research project The reason behind choosing thedifferent strategies associated with entering into emerging markets in retail sector as a topic of study is that many organisations in retail sector s are now using different entering modes to expand the business in global market because retail firms are facing the period of saturation (Arslan, Tarba and Larimo, 2015). So, this research paper will provide a suitable method with clear justification that retail organisations can choose to expand the business in global business so that they can overcome the impact of saturation phase. Reasons for choosing the project (e.g links to other subjects you are studying, personal interest, future plans, knowledge/skills you want to improve, why the topic is important):
Section Three: Literature sources searched Use of key literature sources to support your research question, objective or hypothesis: According toXie and Li, (2017)Globalisation is about the interconnectivity of business and people across the world that eventually leads to global cultural, political and economic integration. It is the ability to communicate and move easily with others all over the world in order to conduct the business in global market.Kotabe and Kothari, (2016)said that, there are various entering strategies such as Direct Exporting, licensing, Franchising, Partnering, Joint ventures, merger and acquisition and many others. The selling of goods and services directly into the market is known as direct exporting. This is one of the easy and most simple to enter in the emerging market. Licensing is also an effective entering strategies as it is systematic arrangement where organisation transfer the rights to the use of goods and services to another organisation. As per theGallagher, (2015)When organisation look for rapid expansion of market, Franchising is one the best way for retail sector to enter in the emerging market, for example, clothing and food outlets.De Villa, Rajwani and Lawton, (2015)articulates that, there are various advantages for these strategies like direct exporting is when organisation is doing first transaction in global market whereas Franchising mode is suitable when company is deciding to enter in global market with large market share.Kotabe and Kothari, (2016)said that, there are many challenges which organisation faced operating in global market like foreign culture, huge amount of infrastructure, dynamic organisation cultural, fluctuation in foreign currency and many others. On the other hand, franchising is one of the best and most suitable entry mode as they can open outlets of clothing in global market. Section Four: Activities and timescales How long this will take:
Milestone one:Data Collection Target date (set by tutor): ____________________ Milestone two:Research Methodology Target date (set by tutor): ______________________ Gantt Chart Section Five: Research approach and methodologies 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): Research Methods Qualitative and Quantitative are two methods on which research is based on. Qualitative research is a type of technique which is concerned with understanding human behaviour from the perspective of information as data is collected through the observation, survey or interview. Whereas, Quantitative research is based on the numeric figure or statical data as well as data is gathered through measuring things (Kumar, 2019). Research in this present research is going to apply qualitative research. Thus, with the application of qualitative technique, scholar will successfullyidentify the different strategies employed by Marks and Spencer to enter emerging markets. Research Approach After selection of research methods or techniques, now it comes to selecting the research approaches. Inductive and Deductive are two techniques of research approach. Technique which concerned with developing a hypothesis based on existing theory is called as deductive approach. Whereas, the techniques aimed at testing the theory is called as inductive approach. Researcher in this present research is going to apply inductive approach as it is mainly associated with the investigation based on qualitative research(Ørngreen and Levinsen, 2017).Thus, with the application of inductive research approach, scholar will successfullyidentify the different strategies employed by Marks and Spencer to enter emerging markets. Research Design Descriptive and Experimental are two types of research designs mainly used in the research study. The techniques which is used to describe characteristics of population being studied by research is known as descriptive research design. Whereas, the technique used to test the variables in the research is known as experimental research design. Researcher in thus present research is going
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to apply descriptive research design because it is best and suitable when the investigation is based on qualitative research. Thus, with the application of descriptive research design, scholar will successfullyidentify the different strategies employed by Marks and Spencer to enter emerging markets (van Hees and et. al., 2016). Sampling Researcher in this present research is selecting the sample size 25 Executive managers of Marks and Spencer. Probabilistic and Non-Probabilistic sampling are two techniques which is used in the research. Sampling is the small part of the population. Data Collection The most important part of research is data collection. It is the process for which is used to collect the data from sources. Primary and Secondary are two fundamental techniques which is used to collect the data (Long, 2016). The data collected from survey, questionnaire, interviews is called as primary data, Whereas, data gathered through books, journals, articles are example of secondary data. Researcher in this preset research, used both primary and secondary data to collect the data. Data Analysis Quantitative and Qualitative are two techniques which is used to analysis the data. The data which is collected through statical tools like SPSS and excel sheet is called as Quantitative techniques (Miah and Genemo, 2016). Whereas, data analysis through thematic analysis is called as qualitative analysis. Researcher will present the data through graph, tables and charts. Ethical Consideration The norms and standards are called as ethics which is very important for research to follow in order to maintain the reliability or validity of the research. Researcher in this present research will follow all the norms and standard specified to conduct the research activity. 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 form project proposal checker( IV sampling) Comments (Optional): I confirm that the project is appropriate. Agreed /Disagree:(Name of the IV) Date
REFERENCES Marquis, C. and Raynard, M., 2015. Institutional strategies in emerging markets.The Academy of Management Annals,9(1), pp.291-335. Arslan, A., Tarba, S.Y. and Larimo, J., 2015. FDI entry strategies and the impacts of economic freedomdistance:EvidencefromNordicFDIsintransitionalperipheryofCISand SEE.International Business Review,24(6), pp.997-1008. Xie, Z. and Li, J., 2017. Selective imitation of compatriot firms: Entry mode decisions of emerging marketmultinationalsincross-borderacquisitions.AsiaPacificJournalof Management,34(1), pp.47-68. Kotabe, M. and Kothari, T., 2016. Emerging market multinational companies’ evolutionary paths to building a competitive advantage from emerging markets to developed countries.Journal of World Business,51(5), pp.729-743. Gallagher, K.P., 2015.Ruling capital: Emerging markets and the reregulation of cross-border finance. Cornell University Press. De Villa, M.A., Rajwani, T. and Lawton, T., 2015. Market entry modes in a multipolar world: Untanglingthemoderatingeffectofthepoliticalenvironment.InternationalBusiness Review,24(3), pp.419-429. Kotabe, M. and Kothari, T., 2016. Emerging market multinational companies’ evolutionary paths to building acompetitive advantage from emerging markets to developed countries.Journal of World Business,51(5), pp.729-743. Kumar, R., 2019.Research methodology: A step-by-step guide for beginners. Sage Publications Limited. Murshed, F. and Zhang, Y., 2016. Thinking orientation and preference for research methodology. Journal of Consumer Marketing.33(6). pp.437-446. Ørngreen, R. and Levinsen, K., 2017. Workshops as a Research Methodology.Electronic Journal of E-learning.15(1). pp.70-81. vanHees,V.T.andet.al.,2016.Challengesandopportunitiesforharmonizingresearch methodology: raw accelerometry.Methods of information in medicine.55(06). pp.525-532. Long, Q., 2016. A novel research methodology for supply network collaboration management. Information Sciences.331.pp.67-85. Miah, S.J. and Genemo, H., 2016. A Design Science Research Methodology for Expert Systems Development.Australasian Journal of Information Systems.20. Task ModeTask NameDurationStartFinishPredecessors Auto Schedule Research proposal2 daysFri 15-02-19Mon 18-02- 19
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d Auto Schedule d Aims and objectives4 daysTue 19-02-19Fri 22-02-191 Auto Schedule d Literature review5 daysMon 25-02- 19Fri 01-03-192 Auto Schedule d Research methodologies7 daysMon 25-02- 19Tue 05-03-192 Auto Schedule d Data collection8 daysWed 06-03-19Fri 15-03-193,4 Auto Schedule d Data analysis4 daysMon 18-03- 19Thu 21-03-195 Auto Schedule d Data interpretation5 daysFri 22-03-19Thu 28-03-196 Auto Schedule d Finding and conclusion2 daysFri 22-03-19Mon 25-03- 193,6 Auto Schedule d Recommendations1 dayFri 29-03-19Fri 29-03-197,8 Auto Schedule d Execute the plan1 dayMon 01-04- 19 Mon 01-04- 199 Auto Schedule d Submission1 dayTue 02-04-19Tue 02-04-1910
Research Ethics approval form All students conducting research activity that involves human participants or the use of data collected form human participants are required to gain ethical approval before commencing their research. Please answer all relevant questions and note that your form may be returned if incomplete. For further support and guidance please see your respective Unit Tutor: Before completing this form, we advise that you discuss your proposed research fully with your unit tutor. Please complete this form in good time before your research project is due to commence. Section 1: Basic details: Project title: “To determine the impact of globalization in driving the business towards success. A study on Cadbury.” Student name: Student ID number: Programme: College Name: Intended research start date: Intended research end date: Section 2 Project summary Please select all research methods that you plan to use as a part of your project: InterviewsYesNo QuestionnairesYesNo ObservationsYesNo Use of personal recordsYesNo Data AnalysisYesNo Action ResearchYesNo Focus GroupsYesNo Others(Please specify) : Section 3:Participants Please answer the following questions, giving full details where necessary. Will your research involve human participants?
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Who are the participants? Tick all that apply: Adults How will participants be recruited (identified an approached)? Simple Random Sampling Describe the processes you will use to inform participants about what you are doing: Ethical form would be sent for informing and conducting face to face meeting with them. How will you obtain consent from participants? Will this be written? How will it be made clear to participants that they may withdraw consent to participate at any time? Written with help of Google doc forms Studies involving questionnaires: will participants be given the option of omitting questions that do not wish to answer? Yes If no please explain why below and ensure that you cover any ethical issues arising from this Studies involving observation: Confirm whether participants will be asked for their informed consent to be observed. Yes Will you debrief participants at the end of their participation (i.e give them a brief explanation of the study)? Yes Will participants be given information about the findings of your study?(This could be a brief summary of your findings in general)
Yes Section 4: Data Storage and Security Confirm that all personal data will be stored and processed in compliance with the Data Protection Act (1998) Yes Who will have access to the data and personal information? Researcher and top management During the research: No Where will the data be stored? USB and Laptop Will mobile devices such as USB storage and laptops be used Yes If Yes, please provide further details: After the research: Where will the data be stored? USB How long will the data and records be kept for and in what format? 2 years Will data be kept for use by other researchers? No Section 5 : Ethical Issues Are there any particular features of your proposed work, which may raise ethical concerns? If so, please outline how you will deal with these: It is important that you demonstrate your awareness of potential risks that may arise because of your research.Please consider/address all issues that may apply. Ethical concerns may include, but are not limited to the following : Informed consent. Potentially vulnerable participants.
Sensitive topics Risk to participants and /or researchers Confidentiality/anonymity Disclosures/ limits to confidentiality Data storage and security, both during and after the research (including transfer, sharing, encryption, protection). Reporting Dissemination and use of your findings. Section 6: Declaration I have read, understood and will abide by the institution’s Research and Ethics Policy:Yes I have discussed the ethical issues relating to my research with my Unit Tutor: Yes I confirm that to the best of my knowledge: The above information is correct, and this is a full description of the ethical issues that may arise in the course of my research Name:Date: Please submit your completed form to your supervisor and also attach to the Research Proposal when submitting to Turnitin.