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The Benefits and Drawbacks of a Global Business Environment - PDF

   

Added on  2020-10-22

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Research Project
The Benefits and Drawbacks of a Global Business Environment - PDF_1
Table of ContentsTitle- “The benefits and drawbacks of a global business environment''. A case study on MummyYum Ltd. .........................................................................................................................................1INTRODUCTION...........................................................................................................................1Overview of research..................................................................................................................1Background of study...................................................................................................................1Significance of study...................................................................................................................2LITERATURE REVIEW................................................................................................................2RESEARCH METHODOLOGY.....................................................................................................5Types of investigation.................................................................................................................5Research Design..........................................................................................................................6Research approach......................................................................................................................6Research Philosophy...................................................................................................................6Ethical consideration...................................................................................................................6.........................................................................................................................................................7REFERENCES................................................................................................................................9
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Title- “The benefits and drawbacks of a global business environment''. A casestudy on Mummy Yum Ltd. INTRODUCTIONOverview of researchIn current time period, companies of all sizes are establishing business operations and itsfunctions in the international market place. There are various benefits and drawbacks ofglobalisation which affect business operations effectively. The main advantages of globalisationis to increasing sales and profitability of the company. This will allow businesses to reducedependence on their local and national economies. On the other hand, at the time of enter in theglobal market, businesses require to being aware that gains does not seen in the short term. Mostof the companies hire additional employees which assist in launch their organisation in the globalmarket area. Globalisation is defined as the interaction and integration of the individuals,industries and government worldwide for the movement of goods and services across countries.It promotes a sense of social and cultural awareness of different countries and making theinternational trade easier. For an organisation, globalisation is important for expand theirbusiness operations and its functions in better manner. With the help of globalisation, it willreduces the rate of poverty and unemployment in different countries (Globalization Challengesfor Businesses. 2018). Despite the popularity of globalisation, there are some challenges whichdirectly affect on business operations and its functions effectively. It includes inconsistent moralstandards, increasing in customer expectations, costs and cultural rifts which affect business. This topic is interesting which help in identify various advantages and disadvantages ofglobalisation where company can easily expand their business operations and its functions. Ithelp an organisation for analyse whole market place in which they can easily identify customersneeds and wants in proper manner. Global business environment can be defined as the environment in different sovereignnations along with different factors to the domestic environment of an organisation whichinfluence on decision making on resources use and capabilities. There are two type of businessenvironment that includes internal environment and external environment.Benefits – With the help of globalisation, company can easily encourage their producersand consumers to gain benefit from deeper division of workers and economies of scale. In this,1
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competitive market reduces the monopoly profits and it will help firm in gaining growth whichcan lead towards gaining high income and profitability. Drawbacks – Globalisation has been linked in order to increasing inequalities amongincome and wealth. There are various issues and problems occurs while enter in new marketplace so that thy can easily establish their business operations. If respective firm does notdevelop accurate structure as per the demand and requirement of country so this will createmajor issue for smoothly run of business functions effectively. Another is leadership in which itcan be complex for businesses is to find effective organisational leadership with the appropriateknowledge and skills. Globalisation is the process of interacting, communicating and processing the businessoperations while dealing with another country people. The global business environment help inexpanding business functions and activities in order to gain attention of large number ofcustomers. On the other hand, the major drawback of global business environment is to followall government rules and regulations in proper manner. When Mummy Yum Ltd enter in newmarket place so they are face various challenges regarding organisational structure, differentculture, leadership, change in technology and so more. Background of studyThis report is going to discuss about the benefits and drawbacks of expanding thebusiness operations globally (Briscoe, Tarique and Schuler, 2012). Considering this, organisationMummy Yum Ltd has been taken in this project which is planning to expand its businessoperations at international level. It is private limited firm which is situated in London, UnitedKingdom. They provide best services and facilities to the hospitality industry which includesmobile food stands and take away food stores. The main purpose of this assignment is to analysethe impact of globalisation on Mummy Yum Ltd. Significance of studyGlobalisation is the free movement of products, services and people in all over the worldin integrated manner. It is important for an organisation is to adopt globalisation method whichhelp them in easily expand business operations and its functions at international market place.The research topic help in analysing major benefits and drawbacks of globalisation beforeexpansion of Mummy Yum Ltd. 2
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