The Benefits and Drawbacks of a Global Business Environment
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Added on 2020-10-23
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1 INTRODUCTION 1 Research Overview1 Background of business concern 1 Rationale of study 2 Aim of Research 2 Objectives of Research 2 Investigation Questions2 LITERATURE REVIEW2 RESEARCH METHODOLOGY6 Research Philosophy 6 Research Approach7 Research Choice 7 Time horizon 7 Data sources 8 Research sampling8 Research Ethics 8 Research limitations8 Research reliability and validity 9 Research Budget 9 DATA ANALYSIS AND INTERPRETATIONS 9 CONCLUSION, REFLECTION & RECOMMENDATION 22 Conclusion & Recommendation 22 Recommendation23 Reflection 24 RE
The Benefits and Drawbacks of a Global Business Environment
Added on 2020-10-23
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Research Project onthe Theme ofGlobalisation
Table of ContentsTITLE: “The benefits and drawbacks of a global business environment”. ...................................1INTRODUCTION...........................................................................................................................1Research Overview.....................................................................................................................1Background of business concern.................................................................................................1Rationale of study.......................................................................................................................2Aim of Research..........................................................................................................................2Objectives of Research ...............................................................................................................2Investigation Questions...............................................................................................................2LITERATURE REVIEW................................................................................................................2RESEARCH METHODOLOGY.....................................................................................................6Research Philosophy...................................................................................................................6Research Approach.....................................................................................................................7Research Choice..........................................................................................................................7Time horizon...............................................................................................................................7Data sources................................................................................................................................8Research sampling......................................................................................................................8Research Ethics...........................................................................................................................8Research limitations....................................................................................................................8Research reliability and validity..................................................................................................9Research Budget.........................................................................................................................9DATA ANALYSIS AND INTERPRETATIONS...........................................................................9CONCLUSION, REFLECTION & RECOMMENDATION........................................................22Conclusion & Recommendation...............................................................................................22Recommendation......................................................................................................................23Reflection..................................................................................................................................24REFERENCES..............................................................................................................................25
TITLE: “The benefits and drawbacks of a global business environment”. INTRODUCTIONResearch OverviewGlobal business environment is explained as surroundings within various sovereigncountries. It is divided within two i.e., external and internal out of which external environmentcomprises of social, public perceptions, political, tax, socio cultural, competition, legal,economic, regulation addition to many more. On the other hand, Internal business environmentinvolve elements those are within the organisations such as management, current employees andso on. When an organisation expand their business at global level it is important for them toanalyse overall environment is effective manner by utilising several tools (Gutierrez, Boukramiand Lumsden, 2015). Because there are benefits and drawback for an business firm which theyface while expanding business globally. Thus, this research will help in identifying benefitstogether with disadvantages associated with global business environment along with theirconsequence on company who expand business. Background of business concernH&M is a swedish organisation who are operating this organisation all over the world this organisation is having online and offline clothing stores and they provide clothes for men,woman and children . H&M associated with 82 counties in world wide and they are operatingalmost 4500 stores and around 132000 employees are working for this company .H&Mproviding online services through mobile app and website and 33 counties can access thiswebsite and application online. A biggest achievement for company is that they are 2 largestretailer in all over the world..1
Rationale of studyImportance behind conducting thisinvestigation is to understand the thought of globalbusiness environment. In addition to this everything have their several benefits addition todrawback same as global business environment also have. This research will help in identifyingsome major benefits along with shortfalls that global business environment posses on theactivities andoperation of H&M. Although, benefits and disadvantage which company will facewithin global business environment going to be discuss within it. Aim of ResearchRESEARCH AIm To identify the benefits and drawbacks of global business environment onbusiness success of multinational organisation. A case study on H&M.Objectives of Research To develop basic idea about the Phenomena of global business environment.To determine the role of global business environment in operation of H&M.To identify major benefits and drawbacks of global business environment on business success of H&M.Investigation QuestionsWhat are the ways to develop basic idea about the Phenomena of global businessenvironment?What are the role of global business environment in operation of H&M?What are the major benefits and drawbacks of global business environment on businesssuccess of H&M?LITERATURE REVIEWLiterature review is considered as crucial portion of research because it helps the researchworker to analysis information in accurate manner. Main purpose of this section is to identifyinggap and conflict in previous study. Herein, each objectives or questions of research will beaddress by the researcher. To develop basic idea in context to Phenomena of global business environment.As per the opinion of Shawn Grimsley, 2018, business environment is said to theaggregation of intrinsic as well as extrinsic factors directly effecting organisational performance.For instance, regulation of health together with safety is classified as an extrinsic component2
whose outcomes are analysed on influencing internal environment of business activities as wellas operations. In addition, business environment introduces as the combination of factorspertaining in inside and outside boundaries having influence on operating situations of anadministrative system. Certain factors associated with business environment includes clients,suppliers, legislation and government activities, social and economic trends etc. According to the (Crane, Matten and Spence, 2019) global business environment isexplained as the surroundings in different countries, with contrary number of factors thatexogenous to the domestic company environment. This externally influence decision makingprocess of employees while identifying resource use addition to capabilities. Along with this,global business environment is characterised into the internal environment together with externalenvironment. In addition, factors with external environment are the legal, cultural, tax, political,economic, technological as well as social environments. Along with this, internal environmentintroduces as a company specific and includes employees, owners, materials, machines etc. Allthese are main factors that directly influence on business operations of an organisation at internallevel. To determine the role global business environment have on H&M operationFrom the view point of Jim Woodruff, 2018, global business environment played moreeffective role in improvement of business operations of H&M. Global business environmenthelps H&M by easier cash-flow management, increasing its revenues, benefiting from currencyexchange, benefiting from currency exchange, decreasing competitions, longer commoditylifespan, better risk management, disposal of surplus goods, access to export financing,enhancing reputation etc. All these are main roles played by global business environment. Asthese are support Swedish multinational clothing-retail company (H&M) by improving itsoperations in the production of goods or service at international level. Along with this, theprocedures concerned with global business environment plays essential role in H&M as well asimproving its business operations together with attaining better outputs within given timeduration. Other than this, lean production is a method that is primarily designed for minimisingmaterial wastages together with managing labours efforts so to maintain production levels. It alsoplays important role on operations of H&M as it improves production efficiency, product quality,reduces wastages addition to enhancing quantities of production level. The managers of thebusiness concern applied the concept from developing ideas to distributing final manufactured3
product. Such concept helps in cutting various costs addition to making practices efficienttogether with responsive towards fulfilling market needs. If managers of H&M adopts theapproach of lean manufacturing then they will experience benefits in improving employeeefficiencies, satisfying personnels, better adaptability of innovations, effectively respondingdemand fluctuations, fewer delays together with total productivity improvements. As per the thoughts ofCarol Woods, he described globalisation as certain globalchanges where an entity haveto perform their key function within the self contained nationalboundaries so to move towards practising at international level. In other words, when there isliberal movement of commodities, services addition to people so to access people receding inother nations is termed as globalisation.This is very important as it will benefit managers ofH&M company to accomplish huge financial gainsaddition to profitability by enhancing sharesof market by practising at international level.H&M Firm has main goal to capture local additionto international customers globally. To identify major benefits with short falls of global business environment on business success ofH&M.According to the (Quarshie, Salmi and Leuschner, 2016) certain advantages related toglobal business environment comprises identification of threats, assist in accomplishingobjectives, happenings in the marketplace, threats inherent in any opportunity, increased salesopportunities and hence forth. The described ones are consider biggest advantages in context toglobal business environment and assist an organisation to achieve better results within given timeduration. In contrary, there are some drawbacks related to global business environment such aslack of forewarning of unforeseen events, no Assurance as to Organization Effectiveness,absence of strategic approach, no fully reliability and so forth.The mentioned ones are mainlimitations pertaining with global business environment and negatively impact on success ofH&M. In addition, the concept helps an organisation by improving its brand image together withgoodwill in competitive market as well as in mindset of targetted customer. It will furthersupport the firm to maximise customers base and also support them to achieve competitivebenefits within set duration. Apart from this, global business environment is mainlyrecommended on towards rising capital which implies integration of domestic together withnational economic system towards international level. Moreover, It is said as combination of4
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