The research study will focus mostly on the impact of globalization on the success of the business about Vodafone Company. Globalization is known to be a major contributor to the success of the business. Besides, it is important that a business different business have their mechanisms that they use to enhance their involvement in globalization based on the associated factors.
Literature Review Part 1 (Books, Internet Sources)
As the business expands on its operations, on the other hand, it has to work on its major weakness and factors that might hinder them to achieve their target objectives based on their level and nature of operations (Webb, 2013). One of the ways that global business can work toward minimizing at the challenges associated with its operations is analyzing and learning to cope and accommodate the global trade and business policies that seem to affect the nature of their operations. Globalization is a fundamental aspect of the success of the business such as Vodafone. Vodafone has managed to increase the level of its sales rate since it started to operate at the global market. The purpose of the research as it is in the research proposal was to find how globalization is a major driving factor for the organizational success about the Vodafone as the company of choice given that it is one of the many companies that has gone global regarding its operations. Through globalization, the organization has managed to enhance the number of the market that it sells its products.
Literature Review Part 2 (Articles Sources)
Vodafone has learned the application of new technologies to help them in their realization of economic goals and operational objectives (Dunning, 2014). Besides, the business also learns how to overcome various challenges that are associated with the aspects of globalization. It is a common knowledge that global business will have to acquire new technologies and innovative strategies that will help them in their realization for their goals and operational objectives. Some of the other major reason that a business organization such as Vodafone would manage to go global mainly rely on the availability of international finance and multinational production efforts that will make the business to move forward.
Globalization enhances the process of business expansion as the management seeks to acquire new technologies as they also increase the number of markets for their products.One of the ways that global business can work toward minimizing at the challenges associated with its operations is analyzing and learning to cope and accommodate the global trade and business policies that seem to affect the nature of their operations. Besides, the company has to abide by the international trade guidelines and policies that regulate trade operations on an international basis.
Globalization has beneficial effects on the success of the business based on many other factors. For instance, through globalization effects, business gets to learn mechanisms that they should focus most on to enhance their level of productivity based on the application of the new technology. Secondly, through globalization, business such as Vodafone has managed to increase the total number of its market across several countries in the world. Based on the findings and the results it is true that Vodafone through globalization has managed to enhance its level of success regarding the sales rate. The percentage of the products that the company produces regarding sale has risen from the year 2011 to the year 2018 as per the latest financial statement. Through globalization, Vodafone has managed to enhance its level of scale and operations while at the same time enhancing its level of technological advancement and resource availability. As the globalization accelerates, business seeks to enhance an increase in the level of collaboration and opportunities in other nations with an aim to enhance its level of success.Vodafone has managed to enhance its level of operation based on the nature of goods that it produces to the customers to the broader global perspectives.
Besides, business has learned how to find better ways that it works toward the enhancement of its product quality and service delivery given that failure to improve on the quality, such business might be risking to lose their customers at a global level based on an increased in the level of competition. The enhanced production of quality of service and products that business has to consider mainly rely on the approaches towards the production strategies, customer's tastes, and preference (Shenkar, Luo & Chi, 2014). The choice of good production approaches will help in the enhancement of products quality that will make the business to maximize its level of production and success operations.
Research Aims/ Objectives
The main aim and objective of the research are mainly to analyze and examine ways and manner that globalization seeks to drive the success of the business and its effects on the general business operations with the choice of the business being the Vodafone Company. Notably, business expands its operations to a global level, opportunities and business resources will also grow as well as the business becomes more stabilized based on the manner that it operates and runs its activities towards their realization of its business objectives and goals.
Quantitative methods of data collection were used in which questioners, interviews and focus groups were essential in help in obtaining data. Prior the research findings, the questioner was prepared that had lead questions that could help in the entire process of data collection. The responder was only supposed to give a fast and brief response in line with the questions that were in place. For instance, there was a question like, in general, has globalization been beneficial for the Vodafone organization or not? Do you think globalization and economic liberalization has a great influence on the company? The choice of questioner was mainly to help in the getting the questions, and information non-ways globalization within the business has contributed to the success of its operation. Besides, through oral interviews, the research showed challenges that the business has managed to encounter amidst its efforts towards the realization of the globalization objectives.
Based on the findings, the result shows that globalization is a driving factor for organizational success. The sales rate in Vodafone Company has been on the rise since the company decided to go global. The management put every strategy in place with the available resources to invest in globalization based on the success and the positive results that the organization has managed to realize. The shows that globalization has enabled Vodafone business to increase on the number of its sales margin. The graph below shows the increased number of wireless subscribers in line with the Vodacom telecom company over the past period in line with globalization.
Similarly, globalization has a positive net profit on the business labor market and trade. Through globalization, an organization such as Vodacom work to enhance the labor market given that it will have to increase the number of its working force to be in line with the increased rate of market demands. The increase in product market will have a positive demand for more sales force who will work towards the satisfaction of the needs of the clients in a manner that best benefits their demands. The introduction of globalization within the company is a clear indication that the firm will have to work to promote technological advancement with an aim to increase the amount of goods supply in the market environment. Similarly, the labor market will increase as the staffs work towards helping the business to meet the increased level of product requirements.
It is important to note that, business such as Vodafone cannot only rely on the domestic market if they have to increase their rate of production and in the profit margin. It is therefore important that it works towards creating global markets where it will have an easy time to dispose of its products without having trouble or difficulties. The below diagrams show the impact of globalization on trade and in the labor market in line with a business such as Vodafone that resolve to go global.
From the research findings, Vodafone relies on key technological aspects to facilitate its operation on key issues of its success. Technology remains the major aspect and the driving factor behind globalization in business such as the Vodafone. Through technological advancement, Vodafone has learned how best it can enhance their level of operation and communication channels (Pervaiz, & Zafar, 2014). Besides, Vodafone also has to come with better ways that they can facilitate the transportation of their good and product in a secured manner while at the same time minimizing the possible threats that their operations might encounter. Similarly, through globalization, Vodafone has managed to enhance its level of operation based on the nature of goods that it produces to the customers to the broader global perspectives (Beuving, 2013). Besides, business has learned how to find better ways that it works toward the enhancement of its product quality and service delivery given that failure to improve on the quality, such business might be risking to lose their customers at a global level based on an increased in the level of competition.
The achievement that Vodafone has managed to make is in line with its strategies that best support globalization and increased level of the market within the global world. Globalization has major benefits for the Vodafone based on the fundamental privileges that even members of the firm have managed to encounter (Pervaiz, & Zafar, 2014).Both the economy and the business have shown a positive advancement and success regarding the amount of revenue that the business has realized based on the present financial statement (Baghdadi, 2013). Besides, through globalization, business tends to create a higher number of employment opportunities to its citizen and those from other nations that the business will be operating in or will have its business activities to cover (Beuving, 2013). The new knowledge and skills that the business will acquire based on innovation will help them in the realization of its major goals and objectives towards the attainment of its success.
Challenges During Research
However, some of the challenges that were associated with the research were during data collection steps in which the process of obtaining information from the respondent was not that easy as expected given that some of the respondents were unwilling to create a better time due to a wrong timing. Financial constrain was another challenge that affected the successful completion of the research findings. The length of data collection will depend on the ability of the participants to corporate and the availability of the tools that will be helpful in the entire process of research findings based on the guidelines provided by the research proposals. In conclusion, despite the challenges and difficulties in obtaining data and completing the research finding process, the research was successful and the data collected are essential for the future research process. It is recommendable that next time there should be the availability of enough funds that will help in the entire process of the project to help cater for the possible expenses that the project will have to consume.
Globalization has been...
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