Globalization Impact on Small Business in UK

This report explores the concept of globalization and its impact on small businesses in the UK, using Booths as a case study. It analyzes the positive and negative effects of globalization on SMEs, including increased competition, technical innovation, and income inequality. The report also provides recommendations for UK SMEs to overcome the negative impacts of globalization and leverage its opportunities for growth.

The Concept of Globalisation and the
Impact on the Small Business in the
UK

EXECUTIVE SUMMARY
This study has been providing the details on the globalisation of the small company in the
United Kingdom. The different impacts of internationalization on the small business
organization. The recommendation were also provided to reduce the negative effect of
globalization on SME’s. To perform the research project management tool Gantt chart has been
used. Different research methodologies are considered to collect, sample and analyze the
collected data. The data collected form the number of respondents is analyzed to get the specific
result data. Report has been providing the information and way of globalization for a small size
organization. It also has been evaluated that how cans globalization can help the SME to achieve
larger opportunity in international market.

1: INTRODUCTION
Title-
Globalization impact on small business in UK
1.1 Overview of study
Globalization termed out as procedure of integration and interaction among companies,
people and governments at the worldwide level. As multifaceted and complex phenomenon, it is
considered as form of businesses enlargement which change integration of local and unregulated
market economy, entails national economies into international. It grows more and more due to
advances in communication and transportation technology. In simple words, globalization is one
of the best way used to describe maximizing economic, social and political interrelation and
interaction across cultural and political boundaries. The procedure of globalization has
disadvantage and advantages for economic, political and social development at some extent.
With the help of capitalist expansion businesses grow more which is quite beneficial for
economic development and nation improvement.
Global interactions bring many opportunities for the growth of international trade, culture
and ideas. Globalization is basically process of economic integration and action that is associated
with cultural and social aspects. As globalization, diplomacy and conflicts is also a big or
important parts of modern globalization and history of globalization. Economically, the process
of globalization is term that is inclusive of the services, products, technology, economic
resources of capital and data. Global market expansion liberalize economic activities of
exchange of funds and products. Rise of global interaction, communication and specially internet
is one of the reason behind the ideas of globalization, which helps to people feel that relations
across global were flowing more speedily, strongly and becoming much democratic. The
procedure of globalization is driven by series of conjunctural and cumulative cries in
international division of labor.
Overall globalization is one of the term that especially impact on country SME's such as
small business in UK. Small business get affected the most by globalization which influence its
productivity and profitability. SME can no longer expect to expand their business at global level,
on that case large companies can grab the opportunity to market expansion that really impact on
small business within UK. It could be added that globalization is one of the most important and
challenging task for any small business as they will be planning to expand their operations into

other parts of world. There are many challenges which they all might faces one of the most
common is related with expansion of business activities will be related with modes of entery.
1.2 Research aim and objectives
Aim:
To identify the concept of globalization and its impact on SME within UK: A study on Booths.
Objectives:
 To identify the concept and meaning of globalization
 To examine the positive impact of globalization on Booths
 To analyses the negative impact of globalization on Booths
 To recommend ways to overcome negative impact of globalization on Booths
Research question:
1. What is the meaning of globalization?
2. What is the positive impact of globalization on Booth?
3. What is the negative impact of globalization on Booth?
4. What are the ways in which Booths can overcome negative impact of globalisation?
1.3 Rationale
In modern era it has been determined that globalization concept has emerged as new way
of capitalist expansion, that impact on business in different ways. Emerging trend of
globalization is one of the main reason behind researcher choose this topic which helps to
understand the concept of globalization and how it effects on small businesses of UK.
Globalization is important for small businesses' growth because it helps to increase profit margin
and improve country position as compare to another in world. It is essential for raising standards
of UK small business and also as important for economic well fare. Globalization is necessary
for SME' within UK as they contribute to stay competitive in marketplace against market
competitors. Other than this, expanding the operations of organization on international level will
help in increasing the revenue and profitability of organization. Other than this, it will help in
enhancing the quality of globalization activity which are performed by Booth to have a
sustainability on international level. Being a SME, the enterprise has a high scope of
improvement and thus, it will help in suitable management of operations which are carried out by
the firm.

2. LITERATURE REVIEW
2.1 Idea and meaning of globalization
As according to Steger, (2017) in present time trend of globalization arise more and more
which has been adopted by many firms or countries for the purpose of developing or improving
economic situations better than before. The concept of globalization is based on capitalist
expansion that is very beneficial for business growth and success in market. Globalization is the
procedure of spreading products all over the world, it the procedure of spread technology and
investment across national borders. In simple words, globalization is how nations are coming
together as one big international economy, which makes global trade easier. In 20th era, many
nations agreed to lower taxes or tariffs on products that imported from another countries. To
make global travel easy and improve transportation is one of the main reason that causes
globalization. This process helps to connect one nation from other country based on international
transactions and transportation of products and services. As discuss by Czaika (2014)
globalization is one of the procedure in which people, thoughts and ideas spread passim the
world. It is process prodding integrating and action between the global culture, economies and
governments. It is one of the best way to grow, expand and develop business, technologies or
services all around the world.
2.2 Positive effect of globalization on Small and medium organizations within UK
As discussed by Love (2015) Globalization process refers to business growth as it effects
UK small businesses the most. Many businesses adopt the process of globalization due to
increase competition in market which helps to stay stronger more than the others. As
globalization impact positively on small business in UK, it supports to increase profit margin and
also helps to maximize financial budgets of small companies, for example Booth considered as
SME in country, that run its business by serving good quality products and services to customers.
With the help to current globalization Trend Company can be able to build it positions in new
market and grab the attention of new or existing consumers more than before. According to
Sinkovics (2018) globalization brought benefits in developed and underdeveloped countries as
whole. Positive impact of globalization process include many factors that affect positively and
helps in economic and country growth. This procedure brings the biggest opportunity for people
such as employment that helps to create and improve their career more, it also contributes to

raise their living standards. In keeping globalization as new ideas with this business small
businesses within UK access to foreign patronage.
2.3 Negative influence of globalization SME's within UK
Globalization procedure affect small business by different sides as they influence
negative and positive upon SME's within UK. Mostly small business can not have sufficient
balance or funds to expand their business globally which impact on its market share and financial
budgets much than before. Small business face many challenges to being competitive and run
their organizations successful in marketplace. As discussed by Tarutė (2014) if one company
expand their business in new market chances of the best opportunities is higher, but on the other
side it brings many disadvantages for small business for example, cultural barrier, language
barrier etc, that directly impact as whole industry in UK. In another country people are having
different language and beliefs in its cultural which is very different from another nations. That is
quite too simple that if UK small business or company expand their work in another country they
have to face difficulty as communicate with people out there which negatively affect profitability
and productivity. According to Abou-Shouk (2016) globalization procedure is one of the most
difficult thing for SME because in new market there were many competitors are existed who has
already built their reputation in market by providing their good quality goods and services to
consumer.
2.4 Recommendation to UK SME to get the better of within negative impact of globalization
Small businesses face difficulties if they include the idea of globalization within its
business, such issues are cultural differences, existing competitors in new market. According to
Khankeh (2015) thus, to overcome with above issues UK SME must conduct market research of
country where they want to expand their capitalist. With the help of market research small
businesses such as Booth Company can identify market trends and existing competitors power.
Small businesses should identify customer’s preference within new market that help to serve or
manufacture products and services according to their needs. Before conducting market research
small businesses within UK must identify their goals and target customers which they need to
offer products. As per the Park (2015), with the help of market research SME's will identify the
strength and weaknesses of present companies, which support to garb the competitive advantages
and opportunities. They must shape up its services and goods that meet with customers likes as
results shows in increase profits rather than before. Companies with market research garb the

attention of people more and build market reputation better than existing competitors. Small
businesses must need to identify and analyse strategies of another companies in new market
place and this is essential for having effective business growth and success.

3. METHODOLOGY
3.1 Research approach
Research approach includes procedure through which report is plant in step by step way.
In this procedure there are few processes mentioned which change learner get wanted results. It
provides direction to study on how report has to been done, there are the three kind of
investigation approach, inductive, qualitative and quantitative.
In current report, researcher used quantitative approach, it enables scholar to understand
the purpose of choosing topics. It is one of the best approach that helps researcher to collect
information about the chosen topic. Qualitative information refers to non-numeric data such as
notes, interview transcripts, video, images and audio recordings.
3.2 Research types
Research types is procedure of analysing and deriving outcomes, method helps in
deriving synthesis of gathered data which is basis for outlining outcomes and making discussion.
Descriptive, intervention and associational are they three different kinds of research types that
helps to collect information about the topic.
In current study researcher used descriptive research methods that help to get information
about chosen topics. Survey, case study methods used in this process which collect the data
easily and brings outcomes faster. Researcher with descriptive methods conduct survey and
collect basic and appropriate information.
3.3 Data collection
Data collection termed out as essential element in current research, the all over results is
based on how information is collected about research topic. Scholar collects precise and
appropriate information and data from reliable and authentic sources. Data assemblage support to
analyse data and also helps to generate right outcomes. It is the procedure of collecting facts
from dependable sources and examining it. Secondary and primary are the two types of data
collection methods that helps a lot in present study. Here, in this report researcher used primary
data collection way which help to gather fresh information with context of study. In order to
collect primary information or data different tool is avail such as survey, questionnaire, interview
etc. all these tools support to collect current data based on this report.

3.4 Sampling
Sampling is one of the best procedure of choosing sample filler from population,
basically it is finished to get particular information from possible participants. It is very
important for scholar to choose right participants from population so that reliable and valid data
is collected. Learner keep in mind that chose sample presents as whole population, usually there
are two types available in this, which non probability and probability. In this study researcher use
random sampling technique that is easy and simple method to select participants.
3.5 Data analyses
Data analyses are another important element of current reports because in this process
gathered information and data is outcomes and interpreted are generated. Scholar must interpret
information in different ways that research question will answer appropriately. Besides this,
investigator should have knowledge in context of different techniques and tools that are used in
interpretation of data. Data analyses are depended on topic and nature of report that what
technique has to be used in information analysis.
4. Time line of research activities
This is the term that aids to outline the major deliverable of the project in the
chronological sequence. Thus, better and effective plan aids to create a plan in which project
activities can be schedules in better mode. By giving proper deadlines to each activities. The
research activities can be scheduled in better manner. However, research time line activities
defined as-

Activities Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8
Topic
selection
for
investigat
ion
Framing
aims and
objectives
for the
topic
Writing
of
Literature
review
Gatherin
g
informati
on
Informati
on
Analysis
Conclusio
n
Making
change
according
to
feedback
Submissi
on of

research
report

METHODOLOGY
Research approach
Research approach is done in various steps that includes proper planning and procedure
made based on assumption related to research methods including data collection, assessment and
giving out the outcomes. In this different research methods is being used in analysing decision
based on assumption of researcher. Research approach is based on nature of problem that is
occurred in between research. It provides help in making report that is to be completed by
researcher. The research project helps in increasing the knowledge of the researcher as it have to
do research on different topic that is assigned for conducting the study. Researcher applies
different methods that enable to understand the concept of topic. These methods are surveying,
taking interviews, doing experiments while doing research. Research strategy is being conducted
for improving quality of product. It determines success between its competitors by taking into
consideration geographical location. As before setting up research approach strategies is to be
made that how to conduct research and timelines for completing research.
The research approaches are of three types: qualitative, quantitative and inductive
research. Qualitative research is an approach that creates an understanding and exploration of
human problem. It cannot be expressed in terms of numerical form. It describes characteristics
and problems based on humans. It includes different concepts and methods that is used in this
type of research. Quantitative research is an approach is utilized to identify the objectives by
using numeric data which is converted into statistics. In this structured methods are used for
collecting data from different sources. Inductive research is also known as inductive reasoning
that is used at the end of research process for the purpose of finding out the result from
observation. In this study researcher used qualitative approach that helps in understanding the
topic. It is the best approach that is used to collect information about topic.
Research types
The suitable assessment of the research type is very important for the business activities
performed by the organisation. Inclusion of appropriate type of research will help in suitable rise
in data evaluation process or activities that are performed by firm. Selection of effective research
type assists in assessment of business operations and activities will be carried out. It leads to a
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increase in operations that supports in improving quality of data interrelation and evaluation
process (Milanovic, 2016).
It includes the planning and evaluation measures helping assessment of activities and
operations that is analysed and interpreted in a significant manner. The two types of researches:
Descriptive and Exploratory. The exploratory data assessment process will include the proper
exploration of evaluation and interpretation activity. This will assist in finding out of proper
ideas and evaluation activities followed by enterprise in order to observe a suitable improvement
in operations this will impact the overall operations and thus will help in significant rise in
knowledge and understanding about data assessment activity. In contradiction to this, descriptive
research type involves suitable setting up of assessment process helping in improving the overall
operations for improvement in data research process.
For present report and assessment of operations, which is performed by the organisation
which help in effective establishing of operations helping in important rise in research related to
globalisation, descriptive research type is selected. It helps in executing operations helping in
identifying the impact of globalisation.
Research philosophy
Suitable research philosophy of organisation which leads to guidance and research
process for the globalisation (Crane and Matten, 2016). It helps in proper establishing of mindset
leading to a proper increase in evaluation. As positive evaluation of different factors will be
taken in consideration, this will facilitate a positive growth of organisation. The effective
research philosophy includes: interpretivism, positivism and realism. The Interpretivism involves
the proper interpretation of different components and attributes that are included in the research
process which helps in significant increase in knowledge and insight related to the research topic.
It is based on the outputs and assessment measures that are undertaken in human interest. On the
other hand, the positivism research philosophy adheres to the factual data and information which
will help in ontological and discrete research for globalisation. It is mostly based on the findings
or observations that are carried by others. This will help the researcher to not only get significant
data and evaluation process. It provides the empharical operation's which are carried out by the
organisation. Besides this, it helps in executing research process in a significant manner. Besides
this, the realism philosophy involves evaluation of complex conditions and assessment measures
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and is applied in the data evaluation measures for the projects that can't be analysed using
interpretivism and positivism approach.
For the present research activity carried out for assessment of globalisation measures that
are undertaken within organisation, Interpretivism research philosophy is followed. It will help in
proper assessment of research process which leads to good growth in assessment of observable
data related to globalisation process.
Data collection
For carrying research related to globalisation and growth of operations undertaken by the
organisation, effective data collection measures is taken (Pieterse, 2015). The proper and
significant data collection process helping in suitable improvement of business activities which
will help in improving the overall performance level of organisation. The data assessment
activity including the data collection supports increase in overall operational capability of the
organisation. The information gathering is also important for the research process as it provides
the researcher with an insight. There are two types of data collection process that is been
undertaken within a research process: Primary and secondary. The primary research approaches
will include the surveys, interviews and assessment of other mathematical and non calculative
attributes that are undertaken within the organisation. It includes the research and data collection
measures which for the factors affecting perception and understanding of researcher to a greater
extent.
On the other side the secondary research include evaluation of available data sources like
books, journals, articles and online portals which will help in improving research areas and plays
a very important role in enhancing the reliability and validity of research process which will help
in proper evaluation of data assessment and evaluation measures that are undertaken by the
organisation. This will enhance the operations and other facilities and action plans in a very
effective way.
Sampling
For the proper data collection measures, the target population regarding research is meant
to be set. This can be done by effective means of data sampling measures and activities
(Papastergiadis, 2018). That is executed the organisation to enhance the overall performance and
thus, contribute to a significant rise in effectiveness of data evaluation process. The sampling
process consists of two types: Probabilistic and non probabilistic. The probabilistic sampling
15

process includes the setting up of probable data that supports in significant manner which will
setting up of the operations and thus, will help in suitable selection of target population for data
assessment and evaluation process. On the other hand, the non probabilistic research process will
lead to a significant planning of the operations which will lead to fixed and precisely set
population that will be undertaken in consideration. Its helps in setting up of a limit or extent of
the amount of data that is required to collected for data assessment and evaluation measure.
Other than this, data sampling process that will lead to the setting effective data collection will
save the time and resource included within the organisation.
For the current data assessment process, The probabilistic approach including the random
data sampling process is carried out that supports proper evaluation of service measures
significant rise in operations of organisation (Baylis, Smith and Owens, 2017). All these
measures will help in significant manner to carry out the research process with a high level of
preciseness. For the present research assessment and analysis activity of organisation, about 20
employees of the selected SME are taken in consideration as respondents for research process in
firm.
Data analyses
Once the data collection and sample size of the organisation is been set, the suitable data
analysis of the collected data and information is carried out which will help in suitable rise in the
understanding and thus will help in suitable rise in operations and hence carry out the effective
growth measures which will lead to a proper rise in research operations and activities. Effective
and precise data evaluation help in proper assessment and developing of the growth measures
related to the identification of impact laid by globalisation on business activities of the
organisation. Other than this, it will help in carrying out of suitable rise in establishing an
effective operational plan which suitable outputs which will help in significant measures which
will lead to establishing an effective measure and hence, achieve the set objectives according to
set research framework to a greater extent (Hirst, Thompson and Bromley, 2015).
The data analysis is required to carry out the operations which will help in proper
planning of the service measures which will help in proper helping of service activities. The
proper adoption of research process, effective research philosophy is taken in consideration. The
proper research type will help the organisation to improve the quality of services which are
effective in nature. Thus, will help in proper evaluation of the service measures which will help
16

in proper assessment and evaluation measures in a significant manner. The suitable selection of
a research type help in carrying out the research in effective way. There are two types of data
analysis measures: Qualitative and Quantitative data analysis. The qualitative research type will
look after the proper planning of the service planning of the measures which will help in proper
evaluation of the research process which will help in proper planning of the services. On other
hand, the quantitative research type includes the assessment of the numeric data which supports
the computation measures which will help in proper evaluation of the measures which will help
in proper assessment of research process which will lead to rise in the understanding of the
operations which are taken in consideration by the organisation (Beck, 2018).
For current research process related to significant rise in operations associated with
Globalisation, Qualitative data analysis using thematic analysis of data is used. It will help in
assessment of proper execution of the operations related to globalisation measures. It asists in
effective evaluation and execution of research process related to operations on international
level.
Ethical consideration
Various ethics will be followed and taken in consideration leads to planning of the
service. This will help in improve the effectiveness of data evaluation process which is carried
out by organisation. It assists in improving operations which are carried out by the organisation.
Taking suitable consent from the respondents, ethically collection of data and maintaining the
data privacy while storing are certain ethical consideration which will support execution of
research process within organisation.
Reliability and validity
The research process and evaluation measures that will support in suitable planning of
business operations. The researcher has to develop a proper consent based frame work to
increase the trust level of their respondents. Besides this, the proper and effective storing of data
will lead to effective verification of the output received from the data assessment and evaluation
process. All these measures which are undertaken by the firm can help in improving the quality
of service measures which are carried out within the firm. As the trust level of respondents will
be increased within the organization . Besides this, collection of valid and precise data will
improve the effectiveness and suitability of data assessment process that is been carreid out by
the firm.
17

18

Data analysis
19

Questionnaire
1. Do you think globalization enhanced positive growth towards small business enterprise.
 Yes
 No
 May be
2. Is globalization leads to enhanced competition.
 Yes
 No
 May be
3. Do you think increased integration and interdependence of global economy enhance
movement of labor and capital.
 Greater competition
 Lower price
 Price
 Economies of scale.
4. Does globalization assists to stimulate technical innovation.
 Yes
 No
 May be
5. Do you think enhancement in market competition leads to have fluctuation in price.
 Yes
 No
 May be
6. What are the positive aspects of globalist that brings growth to working enterprise.
 Culture and organization structure
 Education trade
 Technical advancement
 Investment and capital flows
7. Does globalization leads to offer new jobs and skills to individuals.
 Yes
 No
20

 May be
8. Does globalization have dramatic impact over the world economies.
 Yes
 No
 May be
9. Is globalization has adverse impact over the local economies.
 Yes
 No
 May be
10. Does the process of globalization interconnects trade and culture exchange.
 Yes
 No
 May be
11. Do you think globalization leads iniquitous distribution of income within countries.
 Yes
 No
 May be
12. Do you believe globalization process results in potential benefits to national economies.
 Yes
 No
 May be
13. Is globalization supports to expand business operation worldwide level.
 Yes
 No
May be
14. Do you believe globalization helps to provide superior competitive position to enterprise.
 Yes
 No
 May be
15. Does globalization leads to create and develop investment opportunities.
 Yes
21

 No
 may be
16. Is globalized services enhanced cross border mobility of goods.
 Yes
 No
 May be
17. Does enhancement of international competitiveness leads to high economic growth.
 Yes
 No
 May be
18. Is globalization process enhance overall efficiency of the economy.
 Yes
 No
 May be
19. Is globalization major issue is income inequality.
 Yes
 No
 May be
20. Does globalization enhanced trade flows.
 Yes
 No
 May be
Theme 1: Globalization process brings positive growth towards small business enterprise.
1. Do you think globalization
enhanced positive growth
towards small business
enterprise. Frequency %
Yes 12 60.00%
22

No 5 25.00%
May be 3 15.00%
Total 20 100.00%
Interpretation- Based on the above thematic presentation it can be stated that globalization
process bring advanced growth and it leads to have positive growth in small enterprise.
Therefore, the positive impact inclusive of number of the factors as education trade, investment,
technical adaption, competition and capital flows, employment and culture and organisation
structure. Thus, there are total number of the 20 respondents. In this, 12 said yes, 5 said no and 3
are not sure of it. However, it can be said that globalisation is the process that aids to bring
positive impacts over the working enterprise. Hence, it can be said that foreign direct investment
can also enhance the effective growth at the world-wide level and this is the process that can aids
to boost technical transfer.
Theme 2: Globalisation help to raise competition.
23
Yes No May be
0
2
4
6
8
10
12
14
12
5
3
Frequency

2. Is globalization leads to
enhanced competition. Frequency %
Yes 14 70.00%
No 5 25.00%
May be 1 5.00%
Total 20 100.00%
Interpretation- As per the above stated tabular presentation it can be stated that globalisation is
terms that also helps to enhanced competition among the firms. Therefore, it can also be related
with the product and services, cost and price, target market, technical adaption, quick product by
the enterprise. The total number of the respondents are 20. In this, 14 said yes, 5 said no and 1 is
not sure of it. Under this, firm can able to produce less cost and sells cheaper and this is very
24
Yes
No
May be
0 2 4 6 8 10 12 14 16
14
5
1
Frequency

effective term as it brings enhancement in market share. Thus, enhancement in competition leads
to higher the productivity and profitability of the enterprise.
Theme 3: Integration and interdependence of global economy enhance movement of labour
and capital.
3. Do you think increased
integration and interdependence
of bring positive impacts in
following way- Frequency %
Greater competition 6 30.00%
Lower price 4 20.00%
Advancement in product 4 20.00%
Economies of scale. 6 30.00%
Total 20 100.00%
25
6
4 4
6
Greater competition
Lower price
Price
Economies of scale.

Interpretation- As per the above tabular presentation it can be stated that globalisation is
process that aids to have free movement of good and services across the world in seamless and
integrated mode. Hence, globalisation creates better opportunities for many countries to
experience the economic growth. It can be true to said that enhancement in integration and
interdependence of global economy helps to have effective movement of labour and capital.
Therefore, total number of the respondents are 20. In this, 6 said it aids to have greater
competition, 4 said it is helpful to have lower price, 4 stated that it is helpful to have
advancement in the commodities and 6 stated that it is very supportive to have economies of
scale.
Theme 4: Globalization helps to foster technical innovation.
4. Does globalization assists to
stimulate technical innovation. Frequency %
Yes 16 80.00%
No 2 10.00%
May be 2 10.00%
Total 20 100.00%
26

Interpretation- As per the above stated tabular presentation it can be stated that technical
innovation is one of the wider term in technical diffusion and it also aids to resolve the various
kind of global social problems. Thus, technical advancement in product and services is very
supportive in terms to have creation and growth of global market. Hence, enhanced competition
in globalisation aids to stimulate the technical development process specially with having
effective growth in the FDI. It is one of the very effective process that aids to improve the
economic output with help of making process more efficient. Therefore, there are total number of
the 20 respondents. In this, 16 said yes, 2 said no and 2 are not sure of it.
Theme 5: Enhancement in market competition brings fluctuation in price.
5. Do you think enhancement in
market competition leads to
have fluctuation in price. Frequency %
Yes 18 90.00%
27
Yes
No
May be
0 2 4 6 8 10 12 14 16 18
16
2
2
Frequency

No 1 5.00%
May be 1 5.00%
Total 20 100.00%
28
Yes
No
May be
0 2 4 6 8 10 12 14 16 18
18
1
1
Frequency

Interpretation- As per the above stated tabular presentation it can be stated that Greater
competition within the market helps to bring increment in prices and to reduce quality of
commodities. Hence, it can be stated that competition driven prices are very market oriented and
competitive pricing aids to bring number of the customers. Therefore, there are total number of
the 20 respondents. Under this, it can be stated that 18 said yes, 1 said no and 1 is not sure of it.
Hence, enhancement in market competition brings fluctuation prices in product and services.
Theme 6: Positive aspects of globalization bring effective growth to enterprise.
6. What are the positive aspects
of globalization that brings
growth to working enterprise. Frequency %
Culture and organization
structure 5 25.00%
Education trade 4 20.00%
Technical advancement 5 25.00%
Investment and capital flows 6 30.00%
Total 20 100.00%
29

Interpretation-The above graphical presentation has stated that Globalisation helps to bring
effective growth within the enterprise. It is one of the effective term that aids bring tremendous
opportunity in both developed and developing nations. Hence, globalised countries have lower
enhanced in government outlays and taxes. Thus, Total number of the respondents are 20. Under
it, 5 participants stated that this aids to bring effective culture and organisation structure, 4
respondents said that it helps to bring education trade, 5 stated it helps to have technical
advancement and 6 participants stated that it is effective terms to in order to have better facilities
of investment and capital flows.
Theme 7: Globalization brings new jobs and skills to individuals.
7. Does globalization leads to
offer new jobs and skills to
individuals. Frequency %
Yes 12 60.00%
No 5 25.00%
30
Culture and organization structure
Education trade
Technical advancement
Investment and capital flows
0 1 2 3 4 5 6 7
5
4
5
6
Frequency

May be 3 15.00%
Total 20 100
Interpretation- The above chart has concluded that Globalisation is process that mainly
contribute enhancement in increased integration of the labour markets and close the wage gap
between workers. It is term that aids to bring advanced and developing economies. Thus, there
are total number of the 20 respondents. Under it, 12 respondents said yes, 5 said no and 3 are not
sure of it. However, it is one of the effective term that plays crucial part in enhancing income
inequality. It boosts the economy with he;p of bringing new jobs that emerged over the time.
Theme 8: Globalization have dramatic impact on working of enterprise.
8. Does globalization have
dramatic impact over the world
economies. Frequency %
Yes 17 85.00%
No 2 10.00%
May be 1 5.00%
Total 20 100.00%
31
Yes
No
May be
0 2 4 6 8 10 12 14
12
5
3
Frequency

Interpretation- Based on the above graph stated that globalisation is the process that is very
helpful to bring better interaction and integration among the people, government worldwide and
companies. It is one of the effective terms that aids to have advanced transportation and
communication techniques. Therefore, the total number of the respondents are 20. Hence, 17 said
yes, 2 said no and 1 is not sure of it. However, it can be true to said that globalisation is the
process that has wide and dramatic impact over the working of the enterprise.
Theme 9: Globalization has adverse impact over the local economies.
9. Is globalization has adverse
impact over the local
economies. Frequency %
Yes 16 80.00%
No 2 10.00%
May be 2 10.00%
Total 20 100.00%
32
17
2
1
Yes
No
May be

Interpretation- The graphical presentation has stated that globalisation term can also result in
increased pollution, leading to changes in climate. Therefore, the globalisation led to enhanced
competition among the market and this all leads to have fluctuation in prices. Thus, total number
of the respondents are 20. Under this, 16 said yes, 2 said no and 2 are not sire of it.
Theme 10: Globalization interconnects trade and culture exchange.
10. Does the process of
globalization interconnects
trade and culture exchange. Frequency %
Yes 15 75.00%
No 3 15.00%
May be 2 10.00%
Total 20 100.00%
33
Yes No May be
0
2
4
6
8
10
12
14
16
18
16
2 2
Frequency

Interpretation- As per the above tabular presentation it can be stated that globalisation is one of
the process that bring enhanced interconnected as this results in terms to have huge growth in the
trade and cultural exchange. Therefore, the process of globalisation also helps in enhancement of
production of good and services. Hence, the total number of the respondents are 20. In this, 15
said yes, 3 said no and 2 are not sure of it. However, it is true to stated that globalisation is a
process that is helpful in order to interconnects trade and cultural exchange.
Theme 11: Globalization brings iniquitous distribution of economies.
11. Do you think globalization
leads iniquitous distribution of
income within countries. Frequency %
Yes 15 75.00%
No 4 20.00%
May be 1 5.00%
Total 20 100.00%
34
Yes No May be
0
2
4
6
8
10
12
14
16 15
3
2
Frequency

Interpretation- As per the above stated tabular presentation it can be stated that globalisation is
one of the major issue that bring the income inequality and it also affects the effect of
globalisation through foreign direct investment. It is one of the effective process that leads to
enhance unemployment rate of developing country and worsening the income inequality.
Therefore, there are total number of the 20 respondents. Under it, 15 said yes, 4 said no and 1 is
not sure of it. Under this, globalisation is a process that led to have iniquitous distribution of
income within the countries. This is one of the effective process that aids to bring stimulate
growth within the enterprise.
Theme 12: Globalization process results in effective growth in national economies.
35
Yes
No
May be
0 2 4 6 8 10 12 14 16
15
4
1
Frequency

12. Do you believe
globalization process results in
enhancement in
internationalization of national
economies. Frequency %
Yes 16 80.00%
No 3 15.00%
May be 1 5.00%
Total 20 100.00%
Interpretation- Based on above chart it can be concluded that Globalisation is the process that
aids to have effective growth in nation economies by bringing advanced product and services.
Thus, it can be said that it is the process that has national boarders, free trade enhanced
36
Yes
No
May be
0 2 4 6 8 10 12 14 16 18
16
3
1
Frequency

economies and helps to bring competitive advantage in the forum of international trade.
Therefore, the total number of the respondents are 20. In this, 16 said yes, 3 said no and 1 is not
sure of it. It can be true to said that globalisation is the process that helps in having competitive
advancement in the forum of internation trade. However, it is one of the crucial factor that leads
to enhanced competitive advantage.
Theme 13: Globalization supports to expand business operation at world-wide level.
13. Is globalization aids to
expand business operation on
worldwide level. Frequency %
Yes 17 85.00%
No 2 10.00%
May be 1 5.00%
Total 20 100.00%
37
Yes
No
May be
0 2 4 6 8 10 12 14 16 18
17
2
1
Frequency

Interpretation- The above chart stated that globalisation aids to enhance business operation at
the world-wide level. With the help of having greater cross boarder mobility of goods and
services, it can have significant benefits to the economy. Hence, Free trade enables the countries
to capitalise the services in order to have competitive advantage. Thus, total number of the
respondents are 20. In this, 17 said yes, 2 said no and 1 is not sure of it. So, it can be said that
globalisation is the facility that aids to have expansion in business operations at the world-wide
level.
Theme 14: Globalization provides super competitive position to the enterprise.
14. Do you think main aim of
globalization is to provide
superior competitive position to
enterprises. Frequency %
Yes 17 85.00%
No 2 10.00%
May be 1 5.00%
Total 20 100.00%
38

Interpretation- As per the above stated tabular presentation it can be stated that Globalisation is
the term that aids to competitive position of the enterprise within the market. Hence, it leads to
enhance competition. Thus, target market, technical adaption, quick product by the enterprise
bring stimulate growth within the enterprise. Hence, total number of the respondents are 20.
Under this, 17 said yes, 2 said no and 1 is not sure of it. Therefore, Competing in the
international markets involving of the crucial opportunities and daunting threats. In addition to
this, it can be stated that competitive pressures of globalisation may prompt improved
governance and can also enhance labour protection.
Theme 15: Globalization leads to create and develop wide level of investment opportunities.
15. Is globalization leads to
creation and development of
investment opportunities. Frequency %
Yes 16 80.00%
No 3 15.00%
39
Yes
No
May be
0 2 4 6 8 10 12 14 16 18
17
2
1
Frequency

May be 1 5.00%
Total 20 100.00%
Interpretation- As per the above tabular presentation it can be stated that globalisation leads to
bring effective welfare of the workers, economies and environment. It is one of the effective
term that aids to have spread of products, investment, technology across the national boarders by
providing job opportunities and modernisation creates the domino effects. Thus, there are total
number of the 20 respondents. Hence, 16 participants said yes that globalisation leads to create
and develop wide level of investment opportunities. Hence, globalised countries bring effective
growth within the enterprise.
Theme 16: Globalization services enhanced cross boarder mobility of goods and services.
40
16
3
1
Yes
No
May be

16. Is globalized services
enhanced cross border mobility
of goods. Frequency %
Yes 18 90.00%
No 1 5.00%
May be 1 5.00%
Total 20 100.00%
Interpretation- Based on graphical presentation stated that globalised services plays crucial role
to raise free trade services to have better economic growth. With the help of having advanced
international trade services. Thus, internationalization of business and determine the process of
globalisation within the countries. Thus, total number of the respondents are 20. Under this, 18
said yes, 1 said no and 1 is not sure of it. Hence, it is one of the dynamic process that aids to
bring effective growth within the enterprise. Therefore, it can be true to said that globalisation is
41
Yes
No
May be
0 2 4 6 8 10 12 14 16 18 20
18
1
1
Frequency

effective process as it enables world-wide access to the enterprise and it also leads to reduction
and enhance profitability and generates the profitability for the shareholders.
Theme 17: Globalization aids to enhance international competitiveness and higher economic
growth.
17. Does enhancement of
international competitiveness
leads to high economic growth. Frequency %
Yes 16 80.00%
No 3 15.00%
May be 1 5.00%
Total 20 100.00%
42
Yes
No
May be
0 2 4 6 8 10 12 14 16
16
3
1
Frequency

Interpretation- As per the above stated tabular presentation it can be stated that globalisation is
the term that aids to enhance internation competitiveness within the market. This is also one of
the effective term that aids to bring international competitiveness and higher economic growth.
Thus, the total number of the respondents are 20. Hence, 16 participants said yes that
globalisation is a process that aids to have international competitiveness and this leads to have
high economic growth, 3 respondents said no and 1 is not sure of it. However, it can be said that
globalisation is the process that aids to bring advanced and effective growth within the
enterprise.
Theme 18: Globalization brings overall efficiency in the economy.
18. Is globalization process
enhance overall efficiency of
the economy. Frequency %
Yes 15 75.00%
No 3 15.00%
May be 2 10.00%
Total 20 100.00%
43

Interpretation- As per the above stated tabular presentation it can be stated that globalisation is
the process that tends to enhance greater rate than the growth in world. It is one of the effective
term that aids to boost technical transfer, better and efficient industrial restructuring and effective
growth of global economies. Thus, it can be said that globalised countries aids to have increase
in government outlays and taxes. Hence, the total number of the respondents are 20. In this, 15
said yes that globalised process bring better efficiency to the economy, 3 said no and 2 are not
sure of it.
Theme 19: Major issue of globalisation is income inequality.
19. Is globalization major issue
is income inequality. Frequency %
Yes 16 80.00%
No 3 15.00%
May be 1 5.00%
44
Yes
No
May be
0 2 4 6 8 10 12 14 16
15
3
2
Frequency

Total 20 100.00%
Interpretation- As per the above stated tabular presentation it can be stated that globalisation is
the term that has wide aspect of income distribution within the countries. Thus, it brings
45
Yes
No
May be
0 2 4 6 8 10 12 14 16
16
3
1
Frequency

diverging trends and income inequality within the nations. Thus, total number of the respondents
are 20. In this, 16 said yes, 3 said no and 1 is not sure of it. However, it can be stated that
globalisation has led enhanced market competition and also leads to have fluctuation in prices.
Theme 20: Globalisation enhanced trade flows.
20. Does globalization
enhanced trade flows. Frequency %
Yes 13 65.00%
No 5 25.00%
May be 2 10.00%
Total 20 100.00%
Interpretation- According to the above tabular presentation it can be stated that globalisation is
process that can enhanced trade flows between the nations. Globalisation brings positive results
and also increased investment and trade practices. Thus, total number of the respondent are 20.
Under this, 13 said yes, 5 said no and 2 are not sure of it. Therefore, it can be stated that
globalisation is a process that enhance cultural similarities and also enhance international
investing. Thus, globalisation is process that aids to have positive growth within the enterprise.
46
13
5
2
Yes
No
May be

RECOMMENDATION
On the basis of above report the impact of globalisation over small firm are defined in the
following manner as-
 Globalisation is process that encourage producers and consumers to benefit deeper
division and also aids to enhance economies of scale.
 The process of globalisation must be adopted within the enterprise as it leads to enhance
the technical innovation which stimulates the growth of working enterprise and this also
improves economies within the country by making whole process more efficient and
effective.
 Globalisation is advanced process that aids to bring freer movement of labour between
the countries.
 The process of globalisation can be beneficial to the small scale enterprise in terms to
bring tremendous opportunities towards the economic growth. It also leads to improvise
the quality of life for the number of the people.
 Globalisation should be adopted by small level enterprise as it is helpful in order to
experience economic growth. It is also beneficial towards the goods and services.
 Small medium enterprise must have adopted facilities of the globalisation as competitive
pressure of globalisation can prompt the improved governance and protection to the
labour.
 The small scale enterprise working with the integration of globalisation that has led to
enhanced flows of inward investment between the countries and also enhance the use of
technical advancement within the Country (Globalisation - Benefits and Drawbacks.
2018).
 Globalisation is one of the effective process that enhanced trade and is likely lead to
creation of employment opportunities within the countries.
 By adoption of globalisation the small scale enterprise can have potential benefits to the
international procedure and national economies. This also allows to larger markets and in
this firm can also experience the high demand for the commodities. It is the facility that
leads to reduction in average cost of production.
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Discussion
Globalization provides a platform to a person, organization and country to represent
themselves on global level. The globalization is important for the business of the organization
and it helps an organization to grow. For the expansion of the business the globalization of a
business id is performed. There are three of globalization and these three types are political,
social and economic. In the context of a business organization this is economic. In the
globalization the organization operate on the global level and provide the products and services
to the international clients and consumers. For globalization different methods are used. This
methods are related to open the business in the international market. For the globalization of an
organization is consists of different type legal, economical and partnership contracts.
To perform business in the international market and community it is important to follow
some rules and legal contracts for more convenience in the business. The products and services
of the organization are provided to the international consumer by following the pacts of the
governments. The different countries come on the common platform to expand the reach of
economy and social boundaries. For this they meet on the platform and discuss different ways
and methods to improve the relation between the nations. The pacts on the business helps the
different organization to expand the business in the contract related country. With the help of
above discussion it has been interpreted that globalisation is term that aids to bring effective and
efficient services within the enterprise. Hence, it can be stated that globalised countries have
lower enhancement in taxes, government outlays and this also have lower level of corruption in
their governments. It also allows the rapid integration of the countries with the help of greater
foreign trade. Thus, it is the term that aids to improve economic output.
By the global contracts help the nations to improve the import and export of the goods
and services. This contract helps the nations to improve to maintain the growth of economy and
generate the way to collect the international currency. This helps to maintain the international
balance of economy. This was the meaning of globalization in context of a country but when it’s
come to the globalization in context of a business of an organization especially for the small
business organization it means to increases the number of branches on the international level.
Through the globalization of the business the company can improve the revenue and
increases the number of consumers. This also can help to gain more consumer and promote an
organization to introduce new innovation in the business methods, products and services. There
48

are different ways for the organization to grow the business on the global level. The impact of
the globalization can be positive or negative for an organization and it depends on the methods
used by the company to open self on global level. Different aspects of the business can either
help the company or affect the revenue.
Some of good condition can help the organization to implement the globalization for
organization. These different condition can have positive impact on the business and profit of
organization. The government policies related to business and economy can help the
organization to conducts the business in different country. The policies of government for the
business of Guest Company can help a lot the organization to grow better in international market.
The economic condition of the UK market is supportive for the new business. The most of
contribution of small medium enterprise is maximum in the economy of United Kingdom.
Because of this contribution the government of United Kingdom is promoting small medium
enterprises to perform business in the market. This positive condition of market, government
policies and economy can positively help any organization to grow.
Same as the government policies and market condition can help an organization in global
market the negative and strict policies can affect the business of an organization. The negative
policies in the taxation process and high amount of tax on the imports and export can reduce the
revenue of company which can force the organization to perform badly on the global level. The
negative condition of the market can reduce the consumer of the company product. The market
trends also plays important role in the global performance of organization. If the global trends
are not supporting the selling of products and services of company can reduce the effectiveness
of company at international level. The different factors that can affect the business of the
organization on global platform are, social barriers like religion, language, culture and different
practices of humans in different areas can reduces the limitation of an organization. Restrictions
and rules for the money transfer are different countries and this can create complexity in the
business process of the small business organization in United Kingdom.
The technology used in the different countries have different procedures and methods and
this can reduce the efficiency of the operations and procedures of organization. Different
environmental conditions can have negative impact on the business of the company. The
different measurement of product can be affect by the change in environmental conditions. Legal
rules and regulation of different nations creates complications the legal structure of the
49

organization is deeply affected by this. This how the different factors can have negative impact
on the globalization of small medium business in United Kingdom.
By using some changes in the working methods, company structure and legal structures and
procedures the negative impacts can be minimised. Flexibility in the procedures and methods can
help the organization to gain optimum revenue by continuous production of product and delivery
of services. The flexible legal and operational structure can help the organization to perform
without any problem. By conducting the market and environment research the negative impacts
can be reduced. By implementing different changes which are required to perform globalization
of business in United Kingdom.
The research by personal interview and by feedback form the required data can be collected
which is required to process to generate report for the globalization of the business. Market
relevance of the condition for the globalization of business can be evaluated by the reviews of
respondents. By this research on base of respondents answer can help the company to generate
the plan for globalization. This can make the effectiveness of company on the global platform.
For the globalization of an organization needs the target market survey and research for the
expansion of the business on global platform.
CONCLUSION AND RECOMMENDATION
The globalization means the process or a platform of communication on the international
level. Globalization of the business means change in the business from an organization
associated to one nation and operates in the multiple countries. It's the way to increase the
revenue on the global stage. The open transition of product, services and human across the globe.
The globalization of any entity means the internationalization. This provide a stage to the person,
organization of a country to represent themselves.
The globalization of the country means a stage for the different country where the
representative of respected country puts the views and opinion of the country. The globalization
is a platform for the social, educational and economical representation. This provides the
opportunity to the country to grow globally which can support the country to improve the
international status. The global platform is also can be considered as the opportunity for the
country to manage the international business and relation with other country.
These international platform provides the great opportunity to the business organization
to grow in multiple nations. The trade contracts between the nations supports the globalization of
50

different business organizations. This provides great opportunity to the small and medium
organization to improve the business and generate much larger revenue. The market area can be
expanded by the globalization. Small and medium business organizations works with few
number of employees and the globalization helps the organization to implement the idea of the
business in the different countries. As the company will be operating on the international level, it
will have a interaction with a wide range and variety of customers. This will help the
organization to develop innovative products and services that will contribute in meeting
requirements and need of customers in suitable way.
This can support the organization to Better the performance of firm and create more
business opportunities. By addressing the different people of different nation improvise the
operation and methods used by the organization. This report has been studying the impact of
globalization on a small business enterprise. Different concept of the globalization has been
studied for the small medium business enterprise in United Kingdom. The positive impact of the
globalization on the booth has been conducted through the report.
The process followed for the research is data collection, sampling of data and then
analysis of data. The Gantt chart is used for project management. The reviews of people have
been found through asking them multiple choice question. The data collected form the
questionnaire has been used to generate more specific results. For better survival in time of
globalization the important recommendation has been given in the report. The report is
concluding the requirements of the globalization for the small business and medium sized
business enterprise. The given research help to conclude the way of globalization and the risks in
the process. The data collected from the questionnaire help to conclude the importance of the
globalization and suggesting the possible conditions for the globalization. Report is giving the
scope for the small medium enterprise to look for globalization in United Kingdom. The
advantages of globalization and complications are explained through report. The methods of the
globalization and different positive & negative impact on the small medium enterprises has been
learned through report.
1. In a small medium enterprise globalization can play huge role to boost up the business
and success of organization. A better plan can help the company to move on to the global
market.
51

2. Time management and task management tools can be used to better implement changes
in organization.
3. For high level of success rate company can use internet as a source to perform research
work.
4. By recruiting experienced and skilled employees can help the company to perform good
in global market.
REFLECTION
The study of globalization of a small medium organization helps me to learn about the
opportunities generated. Through this report I have studied the globalization process for the
business organization. This report helped me to know the meaning of the globalization. we have
learned concept of the globalization through the report. The process of the globalization for small
medium enterprise in United Kingdom is understood from this research report. I have studied the
positive impact of globalization on the small business organization in United Kingdom. Through
this phase I have learned the different factors that can help the organization to work better in
globalization process. The impacts of positive tax policies and economic support provided by
governing body of nation to promote the globalization of small size business group. I have
learned the negative factors that can reduce the effectiveness of the globalization process.
The factors like political, social, economic barriers, technological barrier, legal factors
and environmental factor can affect the globalization of business and this factors are not in the
control of the organization. I have studied that this factors are out of control of the organization
and these can have huge impact on the organization’s working and expansion of business. I have
learned that methods that can help the organization to grow the business on the international
platform. This report helps me to understand how to reduce the negative impact of different
factors on globalization. The methods can improve the process of globalization are understood
through this report. This report provides the information to use of the Gantt chart in the project
management plan to improve the efficiency of project. The Gantt chart is the best suitable project
management tool. This tool can help to allocate the task with the respected time period for each
task and this can help to complete the task with in the time limit and with cost efficiency. Further
the report helping me to understand the different views of different people for th3e globalization
of a small medium enterprise. The data received form the answers of different respondents helps
me to develop understanding of globalization and different methodologies of research. This
52