Impacts of Issues in International Business Management: Waitrose Study

This report provides an in-depth analysis of international business management, focusing on the challenges faced by Waitrose, a British supermarket chain. The report begins with an introduction outlining the scope and objectives, followed by a problem statement highlighting issues such as foreign regulations, political risks, and cultural differences. The study aims to analyze the impacts of these issues on Waitrose's international operations. A literature review explores the concept of international business management, identifies challenges, and examines potential solutions, drawing on various sources. The methodology section details the research design, data collection methods (qualitative research using both primary and secondary sources), and research approach (inductive). The report includes a timeline and ethical considerations. The conclusion summarizes the key findings, emphasizing the impact of international business issues on Waitrose and potential strategies for mitigation.

International
Business
Management

Table of Contents
TITEL .............................................................................................................................................1
Introduction to the Study
.....................................................................................................................................................1
Statement of the Problems
.....................................................................................................................................................1
Aim of the study .........................................................................................................................1
Objectives of the Study
.....................................................................................................................................................1
Research Questions
.....................................................................................................................................................1
Scope of the Study
.....................................................................................................................................................2
Operational Definitions
.....................................................................................................................................................2
Research Significance
.....................................................................................................................................................2
Literature Review
.....................................................................................................................................................2
Methodology
.....................................................................................................................................................4
Timeline
.....................................................................................................................................................5
Ethical consideration/ Ethics approval
.....................................................................................................................................................5
REFERENCES ...............................................................................................................................6
.........................................................................................................................................................7

TITEL
“To analyse the impacts of issues within international business management”. A case
study on Waitrose.
Introduction to the Study
International business management introduces as a business management study
programme with the strong intercultural and international focus. For this dissertation, chosen
organisation is Waitrose which is a British supermarket chain in United kingdom. It was founded
in 1904 by Wallace Waite, David Taylor, Arthur Rose and headquartered in Bracknell,
Berkshire, UK. Company mainly specialise in selling of food in all over the globe. This report is
based on issues or challenges faced by Waitrose within international business management
(Beamish, 2013).
Statement of the Problems
There are different issues within international business management which is faced by
Waitrose such as foreign laws and regulations, political risks, international accounting,
communication difficulties and culture differences etc. All these are consider major challenges
which will negatively impact on business performance and growth at international level
(Beamish and Lupton, 2016).
Aim of the study
“To analyse the impacts of issues within international business management”. A case
study on Waitrose.
Objectives of the Study
 To understand the concept of international business management.
 To identify the issues or challenges faced by organizations within international business
management.
 To ascertain the different ways through which issues or challenges faced by organizations
within international business management can be reduce.
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Research Questions
 What are the concept of international business management?
 What are the issues or challenges faced by organizations within international business
management?
 What are the different ways through which issues or challenges faced by organizations
within international business management can be reduce.
Scope of the Study
International business management has broad scope for an organisation because it will
help them in successfully expansion of its business functions and operations. Management will
support an enterprise in planning, organising, staffing, directing and controlling business
performance and success within given time duration (Brush, 2013).
Operational Definitions
International business management: It emphasis on key business disciplines within a
global context. Introducing the foundation of marketing, finance, human resource, operations and
supply chains, international business management covers the requirements of all businesses.
Globalisation: It refers as an effective process of integration and interaction among
companies, governments and people in all over the globe. It is essential process for an
organisation because it will help by improving its brand image, goodwill, performance at
international level.
Research Significance
Research is most essential and significance for researcher to identify issues and specific
ways about how to overcome that issues. Main purpose of conducting this research is to analyse
the impacts of issues within international business management (Campbell and Burton, 2013).
Through this research, researcher can easily increase their awareness about the topic.
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Literature Review
The review of literature is identified as a broad, in-depth, systematic, comprehensive and
critical review of scholarly publications. It is a written summary of books, journal articles and
many other documents that explains the past as well as current state of data (Deresky, 2017).
Main purpose of literature review is find out inconstancies and gaps in previous study. In this
section, all research objectives and questions will be addressed in detail and effective manner.
Along with this, different number of authors and writers are give their opinion about the impacts
of issues within international business management.
The concept of international business management.
According to the Preeti, (2016), international business introduces as a commercial
organisation that executes economical activity beyond the boundaries of its location. It has
branches in different foreign nations and makes use of political, cultural, legal and economic and
other difference between nations. The management of business operations for a company that
conducts business activities in more than one nation. International management needs skills and
knowledge and beyond normal expertise, i.e. familiarity with the rules and regulations of the
country in which the business operates, knowing the local laws and customs.
The issues or challenges faced by organizations within international business management.
According to the Katie Reynolds, 2017, there are different challenges or issues of
international business management which is faced by Waitrose. Along with this, international
company structure, foreign laws and regulations, international accounting, cost calculation and
global pricing strategy, universal payment methods, currency rates, choosing the right shipment
methods, political risks, worldwide environmental issues, supply chain complexity and cultural
differences, risks of labor exploitation and communication difficulties. All these are consider as a
major risks and challenges for success and growth of Waitrose in international marketplace.
Waitrose is a multinational organisation and have its operations in different nations. As above
mentioned all issues will highly and negatively impact on them.
The different ways through which issues or challenges faced by organizations within
international business management can be reduce.
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As per the point of view of Alan Kelsey, 2018, there are different ways through which
Waitrose can easily overcome impact of issue within international businesses management.
Some essential ways are determined as under:
 Waitrose should Harnessing local market expertise which will help a them to enter into
new market successfully.
 Company should navigate new laws and legislation which will help them in overcoming
impact of government rules. It will also help an organisation to accomplish better results
within given time duration.
 In order to overcome cultural and language barriers, Waitrose should adapt to the
environment and develop a go-to market strategy.
 To overcome the challenges of local competition, company should find right partner and
develop strong relationship with local organisations.
Methodology
Research methodology introduces as an effective process used by investigator to collect
accurate and relevant information about the topic. There are different methods which will be
applied by researcher such as data collection, research type, research design, time Horizon,
research approach etc.
Research type: There are two types of research which is qualitative and quantitative.
Qualitative research is an effective method of inquiry that creates better understanding of social
and human sciences, to evaluate way people feel as well as think (Dunning, 2013). On the other
hand, quantitative research refers as an useful method that is applied to collect numerical
information and hard facts about the study. For conducting dissertation, qualitative research is
more suitable because it will help a researcher to collect quality information as compare to
quantitative research.
Research design: The entire activity of study depends on research design which is
followed by investigator for analysing the impacts of issues within international business
management. There are mainly three kind of research design including, experimental,
exploratory and descriptive. According to the study, descriptive design is more suitable and
useful because through this, researcher can be derived valid conclusion for the current research.
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Data Collection: Primary and secondary are consider two types of data collection
methods. For accumulating primary information, questionnaire will be used by investigator
because it give reliable and valid data about the study (Ruigrok and Van Tulder, 2013). On the
other side, for accumulating secondary information, magazines, journals, books, literature
review, financial statement of company etc. will be used. Therefore, both, primary and secondary
sources of data collection will be applied which help a researcher by providing in-depth and
valid information about the impacts of issues within international business management.
Research approach: There are basically two types of research approach which is
deductive and inductive. According to the current study, inductive approach will be used by
researcher because it help them in accumulating relevant and accurate data about the topic. On
the other side, deductive approach is not useful according to the topic because it take more cost,
time and resources of researcher.
Timeline
For this Gantt Chart introduces as an effective tool used by investigator to identify
starting and ending time period for completion of research. In addition, Gantt chart is a type of
bar chart which will help an investigator to complete each activities or tasks of research within
given time duration.
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Ethical consideration/ Ethics approval
While conduction of a research it is most signifiant for a investigator to do its work or
activity in more accurate and ethical way (Shenkar, Luo and Chi, 2014). For this an investigator
must emphasis on gathering the accurate data or information from authenticated sources only and
must ignored any form of manipulation in the collecting data to make one's investigation more
attractive and essential. In addition to this investigator must not communicate the individual data
of participants those which give information for study.
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REFERENCES
Books and Journals
Beamish, P., 2013. Multinational joint ventures in developing countries (RLE International
Business). Routledge.
Beamish, P. W. and Lupton, N. C., 2016. Cooperative strategies in international business and
management: Reflections on the past 50 years and future directions. Journal of World
Business. 51(1). pp.163-175.
Brush, C., 2013. International entrepreneurship (RLE International Business): the effect of firm
age on motives for internationalization. Routledge.
Campbell, N. and Burton, F., 2013. Japanese Multinationals (RLE International Business):
Strategies and Management in the Global Kaisha. Routledge.
Deresky, H., 2017. International management: Managing across borders and cultures. Pearson
Education India.
Dunning, J. H., 2013. International production and the multinational Enterprise (RLE
international business). Routledge.
Ruigrok, W. and Van Tulder, R., 2013. The logic of international restructuring: The
management of dependencies in rival industrial complexes. Routledge.
Shenkar, O., Luo, Y. and Chi, T., 2014. International business. Routledge.
Online
Preeti. 2016. Meaning, definition and features of International Business Management. [Online]
Available Through:<http://www.simplynotes.in/mbabba/meaning-defination-and-
features-of-international-business-management/>.
Katie Reynolds. 2017. Biggest Challenges of International Business in 2017. [Online] Available
Through:<https://www.hult.edu/blog/international-business-challenges/>.
Alan Kelsey. 2018. tips to overcome barriers to international business growth. 2019. [Online]
Available Through:<https://www.raconteur.net/business-innovation/5-tips-overcome-
barriers-international-business-growth>.
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