Research Project: Globalization's Impact on Business - HND 1904

This HND research report, titled "Globalization," explores the multifaceted impact of globalization on business operations. The study begins with an introduction to the research background, aims, and objectives, followed by a comprehensive literature review covering the concept of globalization, its relation to development, its impacts on business, and various globalization theories including political realism, constructivism, Marxism, liberalism, and others. The research methodology section details the research philosophy, approach, design, strategy, sampling techniques, and data collection methods. The findings section presents the results, including interview questionnaires related to the concept of globalization. The report concludes with recommendations for globalization strategies and self-reflection on the research process. The research provides valuable insights into the complexities of globalization and its influence on business.

Running head: RESEARCH 1
HND Assignment brief
Assignment Number and Title: 2 – Conducting and Evaluating Research
Unit Name and Number: Research Project
Programme: HND Business (RQF)
Lecturer: Lucie Rivera Semester: 1904
Start Date: September 24 2019 Due Date: January 15 2020

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Research Title: Globalization

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Abstract
The research study` contains different parts to do a research in proper manner. In a first chapter, this
renders research background, and aims and objectives. In the second section, the literature review is
conducted to describe the concept of globalization. It also describes the impact of globalization and
theories of globalization. In a next chapter, research philosophies, research approach, research
design along with research strategies are discussed to get research aim and objective in the
methodical way. In next section, the findings are disused. In the end of chapter, the conclusion and
recommendation are made to attain best understanding in relation to positive outcomes. In this way,
whole findings are summarized as well as recommended to do further research.

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Contents
Research Background -.................................................................................................................................... 5
Research aims and objectives-........................................................................................................................... 6
Research Questions -....................................................................................................................................... 6
Literature Review -......................................................................................................................................... 7
Concept of globalization -............................................................................................................................. 7
Relation between globalization and development -............................................................................................ 8
Impacts of globalization on the business -........................................................................................................ 9
Globalization Theories-.............................................................................................................................. 10
Theory of Political Realism-.................................................................................................................... 10
Theory of constructivism -....................................................................................................................... 11
Theory of Marxism -.............................................................................................................................. 11
Theory of Liberalism -............................................................................................................................ 11
Theory of trans-formationalism -.............................................................................................................. 12
Theory of Postmodernism –..................................................................................................................... 12
Theory of Feminism -............................................................................................................................. 13
Theory of Eclecticism -........................................................................................................................... 13
Research methodology -................................................................................................................................. 13
Research Philosophy –............................................................................................................................... 14
Research approach –.................................................................................................................................. 16
Research design........................................................................................................................................ 19
Research strategy....................................................................................................................................... 21
Sampling technique -................................................................................................................................. 24
Data collection and data analysis method...................................................................................................... 25
Findings –.................................................................................................................................................... 27
Interview questionnaire related to concept of globalization-.............................................................................27
Conclusions and Recommendations................................................................................................................. 31
Self-Reflection............................................................................................................................................. 32
References................................................................................................................................................... 34
Appendices.................................................................................................................................................. 35
Interview questions.................................................................................................................................... 36

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Research Background -
In the present world, the globalization is a general term. Most of the owners of business are making
efforts to establish the international organisation to maximize the revenues as well as earning. The
globalization is considered as the procedure that is helpful for the owner of business to create global
impact. The globalization is the way that permits dissemination of concepts, products, as well as
individuals through whole the world. As per the globalization concept, the corporations make focus
on the international labour market and ensure free capital flow as well as occupation. It can say that
the approaches are helpful for them to discover new markets as well as get maximum profits from
the industry. It can see that the technical advancements are playing the significant part in the
globalization. The study can have the great influence on various stakeholders like owners of smaller
entities, who are considering business development. This research is helpful for the manager as well
as leader of the company to know the advantages of being the international corporation. This section
of a study is concerned regarding decision of research aims along with research objectives. In
addition, the following parts discuss literature review and research methodologies. Further, the
findings of the research study are helpful for the global organisations to recognise potential fields of
the development. This report also makes self-reflection about application of the proper research
methodologies as well as the concepts. This research paper puts the light on various facets of the
globalization and the influence of facets on the enactment of business by providing proper
conclusion and recommendation.

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Research objectives and aims -
An objective of the research concern is to assess various facets of the globalization as well as
impacts of the globalization on business. A main objective of the project is to know about the
concept of globalization. There are various research objectives for this project. These research
objectives are mentioned as follows-
 To discover concept of globalization
 To assess the relation between development as well as globalization
 To evaluate impact of globalization on the business
 For discovering globalization theories to develop the clear understanding of the
characteristics
 To make recommendation for proper strategies to make sure globalization by the
corporations
Research Question -
The questions are discussed below-
 What is concept of globalization?
 How the development and globalization is related to each other properly?
 What is impact of globalization on the business?
 What are globalization theories to develop the clear understanding of the characteristics?
 What strategies are recommended to ensure the globalization?

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Literature Review -
Concept of globalization -
The globalization is about the interconnectedness of business as well as human beings through the
world that finally leads to the international political, financial along with administrative integration.
This is the capability to move as well as communicate simply with other people everywhere in the
world for conducting the business at international level. The concept of globalization defines the
interdependence of the countries around the globe fostered throughout free trading activities. This
concept describes the enhancing political interaction, financial interaction, social interaction through
the political as well as cultural borders. The concept of globalization is considered as the wider
concept because it has its personal benefits as well as shortcomings. There are various benefits
along with drawbacks, which have significant impacts on the human beings in all the fields. These
fields include financial, political as well as social fields. As mentioned by Grossman and Helpman
(2015), the concept of the globalization is helpful for the people to collect more and more concepts
related to various valued along with principles. The globalization is also useful to increase the flow
of understating and information across governmental border and social border.
Further, in the present world, the globalization concept has been enhanced as well as expanded
everywhere in the world. The concept of globalization acts as the part of individual big marketplace.
The advanced globalization has enhanced various opportunities of getting additional international
direct investments, which may have significant impact on the financial development of the

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developing nations. The globalization is very much less in different areas as compared to other
financial phenomena. It is stated by Crane, Kawashima and Kawasaki (2016) that the social
globalization is still not attainable because of large variations in the cultures between countries,
localities and regions. Rodrik (2018) argued that the concept of globalization is successful to
develop economies of lesser efficient countries. It can say it is most significant concept for the
development of nations. The nations with best generating abilities can export the materials. On the
other hand, the less effective nation can deliver capable human resources throughout the
immigration.
Relation between globalization and development -
The globalization concept has also made growth in the information and technology sector. The
process of globalization motivates the circulation of understanding that renders chances for the
financial development as well as progress on the international level. From the notional viewpoint,
the new liberals state this concept has made the financial liberalization that has established the
international economy. The concept or process of globalization has opened the international
marketplace by creating this free from the social and administrative values. In addition, the
development of different organisations may be appeared when rise in acceptance of the
globalization. Various transnational organisations have driven a globalization process. These
transnational organisations render services as well as products in various nations. It has not just
established these transnational organisations but also made impact on the local economies. These
organisations also develop the opportunities for job. As stated by Posvac (2015), the development of
global instrument of the government such as European Union and USA has intensified a process of

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globalization. It has assisted various nations to get assistance others as well as expansion of
economy has taken place. As explained by Inman, O'Sullivan and Murton (2014), the concept of
globalization has played the significant part in an expansion of various nations such as Russia,
China, Turkey, as well as other nations. It can say that the process of globalization has rendered
chances for the five developing countries to make the living standard. It had been conducted by
making additional opportunity and getting additional support from the developed countries (Wilson,
2016).
Impacts of globalization on the business -
There are significant impacts of the concept of globalization on the international business. Phillips
and Phillips (2016) stated that the concept of globalization is described as the free movement of
products, services, as well as capable personnel everywhere in the world in the incorporated way.
The concept of globalization is open for the global economy. This concept is helpful to enhance the
commercial activities as well as investment. It is evident that the interconnectedness as well as
incorporation of economy has been advanced everywhere in the world because of the concept of
globalization. In addition, the concept of globalization has enhanced chances for the business
organisation by assisting in the growth of technologies. The oriented corporations have received the
assistance of increased techniques such as electronic commerce for discovering the new
opportunities for business (Thorpe, 2016).
In addition, the globalization has assisted in speeding up delivery of the goods from one place to
another place everywhere in the world. Coombs (2014) argued that there also some adverse impacts

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of the globalization. The main adverse impacts is the outsourcing of job. This process has made
danger of job uncertainty for the labour of developed the developed nations who are not capable or
less capable. The concept of globalization has rendered the chances to multinational companies for
outsourcing the jobs through developing countries that have reduced chances of labours in
developed countries. Furthermore, Pandey (2016) mentioned that the concept of globalization has
great impact on the fluctuation of prices everywhere in the world. The increased international
competition has forced various organisations to low the price of products. For an instance, China is
making products at much lower price to the customers that has forced different countries to lower
price for supporting the race.
Globalization Theories-
There are various globalization theories. These theories of globalization have been put hereunder in
different types. These types include theory of political realism, constructivism theory, theory of
Marxism, theory of postmodernism, theory of Trans-formationalism, theory of eclecticism as well
as theory of feminism. These theories of globalization are discussed below-
Theory of Political Realism-
The followers of the theory of political realism are interested in the question of state powers, the
pursuit of the central interests, as well as conflicts amongst different states. As per the view of these
supporters, the states are integrally materialistic as well as self-regulating, and heading for
unavoidable race of the powers. Some of the scholars stand for the balance of powers, wherever the

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attempts by one state to get sphere supremacy is contradicted by the united confrontation from
various state.
Theory of constructivism -
As per this theory, the concept of globalization has started for the mental construction of communal
world which covers various languages, signals as well as signs. As mentioned by Baylis (2020), the
constructivist makes focus on a procedure that the communal players follow for making a world.
They have faith that the exchange of signs and open conversations help the human beings to make
additional concepts. Henceforth, the societal interaction has the significant role in a creation of the
globalization (Wiegmann and Shappell, 2017) .
Theory of Marxism -
The Marxism is majorly related to the methodologies of construction, common exploitation
throughout unfair allocation as well as communal emancipation throughout the otherworldliness of
the capitalism. It is expected by Marx that the establishment of globalism that ‘capital by the nature
determinations beyond all altitudinal barriers to overcome complete earth for the marketplace’.
Theory of Liberalism –
The theory of liberalism states that method of globalization as marketplace-driven addition of
transformation. It is argued by Rees and Smith (2017) that as per the views of liberalists, the
concept of globalization has taken place because of the particular human wishes of political liberty

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as well as financial growth. The acceptance of this theory is to make as well as develop the
institutional structure to support the perception of globalization. It is also believed by the liberalists
that certain advancements in technologies in specific areas, such as communication, information
handling can be helpful to advance a concept of globalization. However, they ignore communal
force that helps in making technical as well as official expansion.
Theory of trans-formationalism –
David and his associates has founded theory of trans-formationalism. Accordingly, an expression
‘globalisation’ states enhanced interconnectedness in financial, administrative, as well as social
matter across the world making the “shared communal spaces.” In this way, the globalisation may
be defined as “the procedure (or set of procedure) that exemplifies transformation in a spatial
administration of social relationship as well as transaction, expressed in transcontinental or
interregional flow along with network of the activities, communication as well as powers.”
Theory of Postmodernism –
This theory of postmodernism puts focus on the relevance of the mechanical powers in the
construction of identity, understanding as well as standards. They are incorporated within the label
of ‘postmodernism’. It can say that some knowledge restructures upkeep some power hierarchy.
Theory of Feminism -