Globalization's Impact on Business Organizations: A Research Project

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Research Project on Globalization
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Part 1: Research proposal (LO1):
Introduction/ Background of the research area:
The OECD defines globalization as the next. “The geographical distribution of industrial
activities and services, for example, to develop research, input inputs, production and
distribution, and to create a network of cross-border companies, for example through companies
and public assets”. Company globalization that includes:
 Cross-border trade in goods and services,
 Increased levels of labor migration between countries.
 the emergence of a global brand, increased outsourcing and relocation of production,
 Expansion of foreign direct investment.
Globalization has led to an increase in competition and a change in economic and financial
development in emerging markets. This promotes a sense of cultural awareness, international
cooperation and global economic integration (Adekola and Sergi, 2016). Multinational
companies are successful and have had to inform new strategies to tie the business in emerging
markets and implement new business models to keep up with the competition.
Title of the Project (Research Questions):
The main research questions are as follows:
 What is the major impact of globalization in the business organization?
 What are the benefits and major drawbacks of globalization?
 How globalization can drive success to the overseas companies?
 What are the several strategies that has been adopted by the companies to get entry in the
global markets?
 How globalization helps local companies to get competitive advantages compared to that
of the multinational giants?
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Research aim and objectives:
The aim of the research is to judge the major impact of globalization upon the business
organizations and how they are managing these overwhelming changes in their business.
The research objectives are as follows:
 To judge the impact of globalization in the small and medium-scale industries.
 To analyses the chillness that the companies are facing while entering in the global
market
 To understand the major drawbacks and benefits of globalization for the business
organizations.
 To suggest the most useful scenario for the companies to follow to expand in a large
scale.
Research rationale:
Now a days, the impact of globalizations has seemed to be the most vital factors for the
organizations to follow (Gopinath, 2018). Most of the companies that has been in operation with
emerging ideas, are following several important factors of globalization to entre in the larger
market. Therefore, considering all these factors it can be suggested that, this is the one of the
most common topics and carries huge importance in terms of business expansion. Hence, this
topic has been selected as for a longer interval this has a major impact for the companies
planning to start their business. Thus, it is a very practical scenario to observe with great
observations from the ranger of researcher with their truthful opinions.
Literature review:
What is globalization:
Globalization refers to changes in the world, where people move away from the country and the
increasingly integrated autonomous world (Falkner, 2017). The globalization of the economy is
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changing the business of a company associated with a single country that operates in different
countries. The new global economy of the twentieth century has profoundly changed the
economic, social, educational and political landscape (Adekola and Sergi, 2016). In the history
of humanity, it has never been linked to the rhythm of widespread, rapid and complete structural
changes. The new economy consists of a trilogy of interactive forces including globalization,
trade liberalization and the information technology and communications revolution.
Globalization has dissolved national borders, free trade and economic integration have improved
and the information and communication revolution have geography and time is not relevant.
Furthermore, the new economy will be on the culture of innovation. Indeed, the hallmark of the
new global economy is a new idea, new technologies and new initiatives.
How globalization impact upon business organizations:
The impact of globalization on businesses can be divided into two categories: globalization of
markets and globalization of production. The globalization of markets is the reduction of barriers
in other countries compared to the country of origin for sale (Crane and Matten, 2016). These
changes will make it easier for companies to start the international cost of keeping consumer
prices low and with fewer restrictions across borders to sell products to make it easier for the
company to manage a foreign market. It also means that the company, taking into account other
cultures, must develop its corporate strategy and the possibility of adapting the product and
marketing message if they are not adequately in the target country. This could be a problem in
the camera industry, but the Hamburg-based company in India should definitely check the
products and their successful strategies (Dau, et al., 2017).
The risks and opportunities of globalization stataes that with the increasing integration of the
world economy, globalization, one of the greatest forces today is affecting the global economy.
Current globalization for the world and New Zealand (University Resources, 2007) has increased
the important impact of the economy. Globalization has taken place for hundreds of years, but it
has greatly accelerated in the last half century, but globalization helps bridge the gap between the
world's poorest and most global treasures.
The Significance of Globalization for Small Business:
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As indicated by the market's reaction to the fear of a trade war between the United States. Act.
And China, almost all companies are affected by global events, even if the company is located
entirely in the United States. Act selected in the "red states" of the company, the status of the
same voters who favored Trump in the 2016 elections. If you have a pig farm in North Carolina,
the risk of a 25% duty on Chinese pork imports directly into your company. But like export
(lower profits), like other farmers, they have less chance of buying new equipment. This
concerns the plant, as AGCO agricultural machinery manufacturer and Georgia agricultural
machinery all suppliers in the United States. This also includes suppliers of US steel producers.
Act. Trump administration fees are designed for the rates (Wheelen, et al., 2017).
This rate also affects the Italian agricultural machinery manufacturer CNH Global, which sells in
the US market. It is necessary to analyze the point, but this number concerns all CNH Global
World suppliers and all companies that sell products and services to their suppliers (Falkner,
2017). An important commercial event, in this case the threat of a trade war between the United
States and China, is immediately felt throughout the world. Butterflies that feel globally.
The benefits and drawbacks of globalization:
Benefits:
Competition:
Globalization is leading to greater competition in the business. Competition could be related to
the cost or price of products and services, target markets, technological adaptation, etc. If a
company produces at lower costs, it is possible to increase its market share (Adekola and Sergi,
2016).
Rise in technology:
Globalization has also led to a significant increase in the level of technology used in today's
world. Many entrepreneurs and companies with internationally oriented technology have been
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helped to take advantage of new business opportunities. A good example of this is the increasing
use of e-business processes in the company.
Employment:
Because of globalization, people from different countries are working to provide. He also created
the concept of outsourcing. Way, like software support, marketing, accounting, etc. They are
granted for developing countries such as India, Pakistan, Nepal and others (Dau, et al., 2017)
Drawbacks:
Fluctuation in Prices:
Globalization has caused price fluctuations in the world in different regions. Increased
competition has forced commercial companies in developed countries to lower the price of their
products (Dau, et al., 2017). An example of this is a large country like China that has a much
lower production cost than in other countries has led another company and organizations around
the world to lower their prices, to maintain satisfaction and loyalty of customers.
Job Insecurity in Business:
The risk of job insecurity increases in developing countries. Globalization has led companies to
outsource their work to developing countries, which has led to reduced employment in advanced
countries (Adekola and Sergi, 2016). Outsourcing occurs because companies want to design their
products at cheaper prices, which can be lower in developing countries like India, China, where
production costs and salaries are lower than in highly developed countries.
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Methodology: 500
Research approach:
This second layer of research on onion. There are two approaches available for inductive and
deductive. Discover, (2013), that the approach and philosophy are connected. Done after the
formation of a hypothesis and close the results exactly. Deductive approach mainly adapted to
the positivism approach that allows the formation of the hypothesis, the hypothesis that the
creation of a statistical test and predictable results are known (Dau, et al., 2017). Well, in this
study it can also be applied to find answers, to explore questions.
Research techniques:
Robson and McCartan (2016) commented that the design of this research is to effectively outline
the proposed research. Researchers help to conduct consistent and productive studies. The design
research is selected based on the variables and the constraints of the research. Two types of
design research are exploratory and explanatory(Adekola and Sergi, 2016). The explanatory
design of the research was used to describe the study of the most complex, while the design and
the orientation research conducted in a very thorough way are also analyzed the smallest details
of the data of the ads to explore new theories for research. and objectives. Another project that
has been widely followed is its descriptive, in which the research is conducted on the basis of the
description.
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Data collection process:
To make a very reliable study, the most pertinent and accurate data of the various resources
available must be collected. The most important element that helps in the investigation or
research is the data. Primary data is new data that is not published anywhere. Secondary data has
already been published and created by another person (). This research will provide pertinent
information from various secondary sources such as scientific journals, websites, books, articles
available online and so on. The literature extracted from these sources is critically examined. The
other models and theories of other authors who have done research in this area have been
referenced and have taken into consideration the constructive realization of the research.
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Reference List:
Adekola, A. and Sergi, B.S., 2016. Global business management: A cross-cultural perspective.
Routledge.
Crane, A. and Matten, D., 2016. Business ethics: Managing corporate citizenship and
sustainability in the age of globalization. Oxford University Press.
Dau, L.A., Moore, E.M., Soto, M.A. and LeBlanc, C.R., 2017. How globalization sparked
entrepreneurship in the developing world: The impact of formal economic and political linkages.
In Entrepreneurship: Concepts, Methodologies, Tools, and Applications (pp. 1881-1900). IGI
Global.
Falkner, R., 2017. Business power and conflict in international environmental politics. Springer.
Gopinath, C., 2018. Globalization: A Multi-Dimensional System. Edward Elgar Publishing.
Wheelen, T.L., Hunger, J.D., Hoffman, A.N. and Bamford, C.E., 2017. Strategic management
and business policy (p. 55). Boston: pearson.
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