Impact of Globalisation on Corporate Structures of MNCs and Challenges

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This research project investigates the impact of globalisation on the corporate structures of multinational corporations, using Centrica Plc as a case study. The report begins with an introduction outlining the research's scope and rationale, followed by a literature review that explores the concepts of globalisation and corporate structure, and their interrelation. The methodology section details the research approach, while the data analysis and interpretation chapter presents findings on globalisation's influence and the challenges faced by Centrica Plc. The research aims to understand how globalisation affects corporate structures, identifying key challenges. The report concludes with reflections, recommendations for alternative research methodologies, and a comprehensive bibliography. The project aims to provide insights into the dynamic relationship between globalisation and corporate strategy.
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Research Project
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Table of Contents
Title: ................................................................................................................................................1
Chapter 1: Introduction ...................................................................................................................1
Chapter 2: Literature Review ..........................................................................................................4
Chapter 3: Research Methodology ..................................................................................................7
Chapter 4: Data Analysis and Interpretation..................................................................................13
Chapter 5: Research Outcome ......................................................................................................23
Covered in Ppt .....................................................................................................................23
Chapter 6: Reflection & Recommendation for Alternative Research Methodology.....................23
Conclusion ....................................................................................................................................25
References......................................................................................................................................26
Appendix .......................................................................................................................................28
Research Proposal Form.......................................................................................................28
Research Ethics approval form.............................................................................................35
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Title:
"The impact of globalisation on the corporate structures of large multinational companies
and the major challenges they face".
Chapter 1: Introduction
Overview of the Research
In the modern world, businesses are exist within convoluted environment, which is
instantly affected by the aspect of globalisation. Therefore, in today's complex organisational era,
the potential motive of businesses is to achieving significant progress and for this, enterprises are
requires to adopt perpetually dynamical and develop situations of international market.
Multinational corporations works as an agent of globalisation and at the same situation, many
international business are also influenced by globalisation in different paths they may benefited
or not (Hanson and et. al., 2016). In addition to this, globalisation is efficacious in rendering
opportunities to the organisations to execute international operations in efficacious manner and
for maximising business operations it is needed for an organisation to maintain an effective
corporate structure which in terms of performing a vital role in managing organisational
operations in systematic manner. In the present research work Centrica Plc, is the selected
association as it is a British global energy and gas service providing organization. The essential
thought of the business is to enhance its operations at worldwide scale by executing an
appropriate utilization of corporate structure, in this way, this is successful in orderly execution
of research activities. The significant intention of the investigation is encompasses over
analysing the possible control of globalization on the Embodied artefact of worldwide business
and the key difficulties they face (Hitt, Ireland and Hoskisson, 2012). Literature review is created
for giving hypothetical help to the work and suitable selection of techniques helps in executing
the work in right way. Furthermore, Data analysis is powerful in assessing the information
through the help of thematic analysis. At the end conclusion or recommendation are developed
that are supported over the outcome of the investigation.
Background of the Research
Globalisation has mainly evolved due to the trend for developing international business
across the national borders and the execution of a enterprise dealings in more than one country
(Javadian and Singh, 2012). However, Economic process is effectual in developing opportunities
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for many countries to experience economic growth. In this study, proper investigation is based
on the organisation, Centrica Plc., it is a wide British multinational energy and service provider
company. It is a public listed company which operated at wider level. The headquarter of the
firm is in Windsor, Berkshire. Centrica Plc mainly deals in supplying gas and electricity to the
customers or businesses in the United Kingdom, North America and Ireland. The company was
founded by the significant efforts of Charles Berry in the year of 1997. The net income of the
firm is around £0.242 billion, therefore, the primary concern of the business is to systematically
arrange organisational operations by considering the aspects of embodied constitution for the
purpose of lower down the risk in exploring business operations at global level (Jenkins and
Williamson, 2015).
Rationale of the Research
The present consideration of this work is to determining the impact of economic process
on the corporate constitution of global business and the key conflicts they face. This is a wide
area of examination which is efficacious in addressing the investigation issue via the accretion of
effectual and certain data. This study is efficacious in exploring thought and cognition base of
individual and researcher in the selected subject region, thus it is effective for providing personal
and professional development to the individual (Kumar, 2019). The present study is also
effectual in providing an effective assistance in properly execution of future plan connected with
the related area of survey in effective manner. The potential reason for executing the study over
this topic is to determining the impinging of globalisation on the embodied structure of an
organisation, thus it is important for a enterprise to follow corporate norms in order to achieving
growth at global level (Laszlo and Cescau, 2017).
Research Aim
"To analyse the potential influence of globalisation over the corporate structure of
multinational organisations and the key challenges faces by them". A Case Study on Centrica
Plc.
Research Objectives
The key objectives that are supportive in analysing the investigation issue are described
as below:
ï‚· To understand the concept of globalisation in terms of defining multinational businesses.
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ï‚· To determine the role of the corporate structure of Centrica Plc in the proper execution of
organisational operations.
ï‚· To access the potential impact of globalisation in maintaining a proper corporate structure
for a multinational corporation.ï‚· To identify the challenges that affects the functioning of Centrica Plc at global level.
Research Questions
The major questions of this investigation that covers aim and objectives are associated as
below:
ï‚· What is the concept of globalisation in terms of defining multinational businesses?
ï‚· What is the role of the corporate structure of Centrica Plc in proper execution of
organisational operations?
ï‚· What is the potential impact of globalisation in maintaining a proper corporate structure
for a multinational corporation?
ï‚· What are the key challenges that affects the functioning of Centrica Plc at global level?
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Chapter 2: Literature Review
Literature review is mainly outlined as a broad summary of the past investigation, that aid
the research in carry out the present exploration in significant way and develops an effective
abstractive model which supports the results in viable manner. This area of research is mainly
rely upon implementation of detailed evaluation through accumulation of information from
secondary tools (Lee, Shin and Park, 2012). Literature Review is mainly developed with the
support of secondary sources i.e. books, journals, published investigation articles etc. In the
existent research work, literature review is executed for effectively determining the determinant
of monetary course over the personified construction of a multinational corporate and the state of
affairs they face. This sections is impelling in processing an effective abstractive structure that
assist the overall investigation in right direction to reaching at key outcome (Lepoutre and et. al.,
2013).
The concept of globalisation in terms of defining multinational businesses
As per the opinion analysis of Hasan Ali Al-Zu'bi, 2014, Globalization is refers as a
viable technique of interaction and connection in between the individual, business or
administration of different regions. In addition to this, it is also defined as the process which is
driven through global conversation and speculation and assist through information device (Tan
and Wong, 2015). Globalization has breaking the fringe among the country and viable in
expanding unhindered commerce that aid financial joining of a nation or district. In this way, A
global organization is an organisation that takes part in foreign direct investment and possesses
exercises in more than one nation, thus globalisation is mainly works as the key strategic step
which is taken by the businesses to attain growth. In terms of international corporation, economic
process is effective in terms of processing opportunities that are efficacious for the business in
achieving growth and success. Multinational businesses has mainly facilitates and other assets in
at least one state other than its home region. The key causative of multinational organisation is to
explore its operations at wider level through the support of globalisation, therefore the process of
globalisation is mainly effective for the business in terms of providing them opportunities to gain
progression within market places.
The role of the corporate structure of Centrica Plc in proper execution of organisational
operations
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According to the opinion stated by Rick Suttle, 2019, Corporate constitution is an
effective aspect which refers as a way in which business are requires to arrange their operations
in effective manner. A proper corporate structure helps a business in systematically arrange its
operations and attain growth via the completion of work in proper manner. Centrica Plc is a wide
British International energy and service distributor company, that is mainly concern over
implementing an effective embodied artefact in respect to fast working of organisational
operations at global level. However, corporate construction is defined as a aggregation of
multiple departments that are efficacious in contributing a huge efforts in the attainment of
business objectives and goals (Zajda, 2015). In terms of Centrica Plc, corporate structure
performs effective participation in aiding the overall business transaction in effective manner,
The key role of corporate structure are associated as below:
Encouraging Efficiency: This is the key role which is mainly performed by the businesses or its
management in effective implementation of corporate structure, thus businesses are concern over
implementing its operations in the way they produce or offer its products and services, thus this
is effective for a business in achieving progression and development at global level. The
management of a business is mainly performed a vital role in encouraging employees to develop
their potential to perform an organisational activity in efficacious way (Taylor, Bogdan and
DeVault, 2015).
Optimum Utilisation of Resources: A decent embodied cognition is effectual in managing
organisational resources in effective manner via appointing right person on right task. An
effective corporate structure helps Centrica Plc in assisting the management of business in right
manner to make appropriate utilisation or resources, thus the higher management of Centrica Plc
is mainly focuses over engaging their business operations within corporate structure as it is
effectual in systematic management of operations via suitable use of resources.
The potential impact of globalisation in maintaining a proper corporate structure for a
multinational corporation
As per the opinion analysis of Andrew Button, 2018, Multinational corporations are
refers as the businessperson of economic process, therefore in the same situation, many
international businesses are also get affected through the aspect of globalisation, in ways they
may or may not gain success. Globalization is a more extensive term which has a powerful
positive effect over keeping up a legitimate corporate structure for a worldwide partnership.
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Accordingly, in the cutting edge business condition, the key thought process of every little just as
huge business ventures is to accomplishing significant growth and attainment through the means
of actualizing appropriate business activities. However, corporate structure is efficacious for a
business in systematically arrange its operations and reducing the chances of errors and
conflicts. Globalization is successful in providing a powerful path to the business to extend its
operations at worldwide level and increase tremendous scope of advantages and development,
However, for accomplishment of development it is significant for the organizations to direct
tasks inside corporate structure as it is viable in diminishing the odds of contentions and mistakes
(Tiwari and Herstatt, 2012). Subsequently, globalization has constructive effect on the systematic
execution of a business. In the context of multinational business, globalisation is mainly works as
the strategic primal that is efficacious in terms of processing possibility for the business at wide
level to gain benefit.
The challenges that affects the functioning of Centrica Plc at global level.
According to the views provided by Tanza Loudenback, 2016, in the current changing
organisational environment, business has facing various challenges that affects its overall
functioning at global level. Globalisation is a process, through which businesses are connecting
with the globe and explore its operations at global level. Centrica Plc, is a huge British
worldwide energy and gas suppliers which is principally worry over achieving higher
development and accomplishment at commercial centre. There are numerous difficulties like
Incertitude regarding future, Tariffs and fare expenses, human asset, hierarchical
correspondence, new culture and so forth that influences the working of Centrica Plc at
worldwide level. These are the key challenges that are arises during expansion of business at
global level (Vom Brocke, Petry and Gonser, 2016). Company has mainly facing the issue of
uncertainty about the future, thus businesses are very much concern about gaining benefits in
terms of profitability and globalisation has enduring issues related with future perspective, thus
businesses are not really sure for gaining absolute benefit.
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Chapter 3: Research Methodology
This defines as an effective systematic or theoretical assessment of techniques which are
adopted to gather, assemble and evaluate information to a specific filed of study (Mahmood and
Hanafi, 2013). This part of research is supported on contrary tools which are capable for
providing significant assistance to the investigation and reaching at the potential outcome.
Type of Investigation
The potential responsibility of the researcher is to pick the suitable sort of research
through the ultimate objective of arrival at the possible results via the support of data which is
assembled through the investigator. This portion of the exploration is generally incorporates
multiple types i.e. qualitative and quantitative research (Mamic, 2017). In the existing work,
qualitative research is the suitable methodology as it is feasible in rendering clear research on the
region of determining the possible determinant of economic procedure over the personified
arrangement of a multinational organisation and the conflicts that they face. Qualitative research
is also effective in aid the exploration in accurate way as this is suitable in conducting detailed
analysis by executing in-depth appraisal of the investigation. Therefore, qualitative research is
mainly effective in gathering detailed information via observation of participants, thus this is
effective in providing efficacious data that are based on concepts, theories, hypothesis and
participants observation. Qualitative research is a best way to gather appropriate and detailed
information that are suitable for drawing valid and reliable outcome.
Research Design
This signifies as the other significant area of the methodology as it is mainly recognised
through the investigator during the course of investigation. Consequently it works as a structure
of various applications and techniques which are chosen through the researcher to implementing
exploration work in most appropriate way to deal with exploration issue (Mathews and Yang,
2012). This part is mainly incorporating over descriptive, exploratory and experimental
investigation design. In the current zone of research activities descriptive investigation design
has been essentially executed through the investigator, as this is the most efficacious technique in
providing detailed assessment on the chosen survey area or this strategy is likewise effective for
qualitative investigation. Therefore, it is significantly applied for qualitative investigation and
helps on describing the characteristics of the population and phenomenon which is being studied.
Thus descriptive research design is primarily focuses over determining the nature of a
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demographic area without concerning on the reason of particular issue occurs. Descriptive
research design is effective in providing appropriate details that are supportive in conducting
descriptive analysis for analysing a particular issue in effective manner.
Research Approach
This portion of an investigation performs an essential position in rendering suitable way
to the investigator to finish the research actions in significant way. Investigation approach is of
two sorts likewise, inductive and deductive investigation approach as these two are effective in
providing essential assistance to the investigator to gather valuable data via the support of
implementing theories and hypothesis (Mura, 2012). In the current investigation, inductive
research approach is utilized through the researcher as it is practical in giving sensible
information via the support of applying appropriate models and hypothesis. Along with this,
inductive approach is moreover most suitable for determining qualitative work in efficacious
manner. The potential reason for choosing this research is that it is mainly based on observations
and theories that are supportive in analysing the investigation issue in appropriate manner and
proceed towards reaching at the significant result. Therefore, the present study is based on
analysing the impact of globalisation on the corporate structures of large multinational
companies and the major challenges they face, thus in this suitable concepts, hypothesis and
theories are mandatory for executing detailed analysis, as observation has taken place in
gathering fact full information from the human participants to drawing actual results.
Research Philosophy
The most ideal theoretical assurance is needed for an assessment to finish the activity in
correct manner to depict genuine and positive outcome. Investigation philosophy is mainly relay
over two types, i.e. positivism and interpritivism research philosophy, therefore these two are
effectual in given that appropriate direction to the chosen study via providing relevant
information (Rahimnia and Hassanzadeh, 2013). In the existing exploration work, interpritivism
philosophy has been taken into proper consideration as it is efficacious in given that
comprehensive data over the qualitative work via the hold up of belief evaluation of authors and
writers. Therefore, Interpretivisim philosophy is suitable for analysing the influence of
globalisation on the corporate structures of large multinational companies and the major
challenges they face as it is primary integrates human interest and it is effectual in providing
suitable data that are relay upon a individual's own study and observation. Moreover,
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Interpretivisim research usually focus on meaning and may employ multiple methods in order to
reflect different aspects of the issue.
Data Collection Sources
The major obligation of an investigator is to pick the appropriate origin of information
accumulation for the explanation of drafting possible outcomes that are supportive for the work
in gathering valuable data. The data gathering in a research is depends on primary and secondary
source of information aggregation, in this way both the tools are suited in transferral out the
work in right manner. In the current analysis field primary and secondary sources are used by the
investigator (Robertson and Dale, 2015). Nonetheless, primary research is efficacious in
collecting information that is viable for the enquiry as in this information are gathered which are
new in nature. In the primary research data has been assembled by survey, questionnaire,
interview, focus group and so on. In the existing investigation primary data is assembled by
administrating a survey through the help of preparing a questionnaire. Thus, survey is effective
in gathering information from the wider population and provide information with original facts
and figures. On the opposite side, secondary research is conducted to preparing an effectual
abstractive structure through the support of secondary origin like, books, journals, newspapers,
published research articles and so on. Therefore, this section mainly providing detailed
evaluation over the chosen phenomenon, thus this is effective in developing the understanding of
the researcher or learner in relation to the chosen investigation area. However, in this detailed
investigation is mainly relay upon concepts, theories, proper theoretical data. The major
advantage of primary study is that, it is effective in gathering information that are fresh and only
gathered for a specific research phenomenon. Therefore, questionnaire is appropriate in
gathering information from wider area and effectively analysing the views of people. Therefore,
the pitfall of primary research is that it is quite time consuming in nature and individual's are not
really concern about providing information just because of the issue of leaking of their personal
data (Savrul, Incekara and Sener, 2014). On the other side, secondary research is equally
significant for gathering information that are effective in developing understanding regarding to
a specific phenomenon. Thus the major merit of secondary investigation is that it provides in-
depth study through using past investigations, published and non published articles, books,
journals etc. The demerit of this segment is that, a wrong selection of information sources may
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leads the work in wrong direction, so researcher needs to make sure the authenticity of the
information.
Data Analysis Tools
This is the most imperative part of an investigation thus it is effective in identifying,
determining and analysing the information in effective manner. Therefore, proper analysis is
important in drawing an effective outcome via conducting proper analysis over the information
that are accumulated by the researcher on a specific area. Thus, in the case of this present
investigation work, thematic analysis is being applied by the researcher as it is effective in
execution of proper analysis over the area of identifying the impact of globalisation on the
corporate structures of large multinational companies and the major challenges they face. The
major merit of this method is that, it is well suited to vast data bases and it is mainly applied on
qualitative research (Shenkar, Luo and Chi, 2014). However, thematic analysis tool is efficacious
in conducting proper analysis over the research phenomenon, which covers the aim and
objectives of the research. The major pitfall of this tool is that, it recognised as the most flexible
tool, which can lead to inconsistency and a lack of coherence when interoperate themes that are
derives through an investigation information.
Data Sampling
Sampling is defined as the method by, which people from an original population are
chosen for the gathering viable substance via the knowledge evaluation of the responsive in order
to performing research task by considering the objective (Shim and Yang, 2016). This area
depends on probabilistic and non-probabilistic data sampling instrument. Along with this, in the
existing exploration area information is being accumulated via random sampling method from
the area of non-probabilistic sampling tool. The sample size of 40 responsive has been taken into
proper regime by the researcher, as this number of individual's are enough in providing reliable
information.
Ethical consideration
The fundamental idea of an investigator is to follow the research morals with the ultimate
objective to do the investigation exercises in correct manner. While implementation of an
investigation work researcher has face various issues which are needs to be accomplished
through the investigators to pushing ahead in accurate manner (Silverman, 2016). The key duty
of the researcher is to guarantee their responsive related to the area of safety and security of their
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