¶ … globalization on entrepreneurship in UK small and medium scale businesses
Effects of Globalization on Small and Medium Scale Businesses in the UK
The research methodology employed in this study has been one of a qualitative nature. Qualitative research is objective and descriptive in nature and is appropriate for examining the effects of a phenomenon.
Qualitative research is noted in the work of Marshall and Rossman (2010) to be of the nature that is "enacted in naturalistic settings" and of the nature that "draws on multiple methods that respect the humanity of the participants in the study…focuses on context…is emergent and evolving…and is fundamentally interpretive" in nature. Qualitative researchers are stated to "rely on complex reasoning that moves dialectically between deduction and induction." (Marshall and Rossman, 2010) The researcher in qualitative research studies "uses an inductive mode, letting the data speak." (Ospina, 2004) The work of Neergaard and Ulhoi (2007) states that a qualitative study can be defined as a study "that focuses on understanding the naturalistic setting, or everyday life, of a certain phenomenon or person. They are studies that include the context in which the studied phenomenon is embedded." (p.383) Neergaard and Ulhoi relate that the primary difference that exists between various qualitative approaches "is the degree to which the researcher accepts subjectivity. Many researchers who have an objectivist approach to social science operate within the functionalist paradigm of inquiry, while those who accept subjectivity operate within the interpretive paradigm of inquiry as representative of the interpretive paradigm define qualitative research as follows: Qualitative research is multimethod in focus, involving an interpretive, naturalistic approach to its subject matter. This means that qualitative researchers study things in their natural settings, attempting to make sense of, or interpret phenomena in terms of the meaning people bring to them." (Neergaard and Ulhoi, 2007) Criteria for qualitative research as compared to traditional scientific research criteria is shown in the following table.
Traditional Scientific Research Lincoln and Guba's (1985) criteria for Qualitative Research
Internal validity -- A study is logically sound Credibility- referring to the issue that the and free from confounding variables. inquirer ensures that the respondents' views fit with the inquirer's reconstruction and representation.
External validity -- it is possible to Transferability -- referring to the issue that the generalize from the study to a the inquirer should provide the reader with larger population. sufficient case information so he/she could make generalizations, in terms of case-to-case transfer.
Reliability -- the results of an Dependability -- referring to the issue that the assessment are dependable and inquirer should ensure that the research process and consistently measured is logical, traceable and documented.
and indicate the consistency of scores over time, between scores, or across different tasks or items measuring the same thing.
Objectivity -- accurate representation Confirmability -- referring to the issue that data
Of reality. And the interpretations are not figments of the inquirer's imagination.
Source: Neergaard and Ulhoi (2007)
The work of Hjort et al. (2003) holds that the field of entrepreneurship "needs new perspectives, new methods, and a new terminology if we want to understand entrepreneurs and entrepreneurship." (Neergaard and Ulhoi, 2007) Davidson (2005) states in the work entitled "Researching Entrepreneurship" that it is important to establish what is meant by entrepreneurship and that a few examples of definitions and meanings applied to entrepreneurship are the following:
(1) New entry; (Lumpkin and Dess, 1996 in:5, 2008)
(2) Creation of a new enterprise (Low and MacMillan, 1988 in: Davidson, 2008)
(3) A purposeful activity to initiate, maintain and aggrandize a profit-oriented business (Cole, 1949 in: Davidson, 2005)
(4) The purposeful activity to initiate, maintain, and aggrandize a profit-oriented business (Cole, 1949 in: Davidson, 2005)
(5) Taking advantage of opportunity by novel combinations of resources in ways which have impact on the market (Wiklund, 1998 in: Davidson, 2005)
(6) The process by which individuals -- either on their own or inside organizations-pursue opportunities without regard to the resources they currently control. (Stevenson and Jarillo, 1990 in: Davidson, 2005)
(7) The process of creating something different with value by devoting the necessary time and effort, assuming the accompanying financial, psychological, and social risks and receiving the resulting rewards of monetary and personal satisfaction (Hisrisch and Peters, 1989 in:5, 2008)
The following roles were suggested by Kirzner (1983):
A specific kind of labor service;
Assuming the risk;
Innovator;
Arbitrageur;
Coordinator, organizer or gap-filler
Providing leadership
Exercising genuine will;
Acting as a pure speculator;
Acting as employer;
Acting as superintendent or manager;
Acting as a source of information;
Being alert to opportunities as yet overlooked in the market. (Davidson,...
Globalization on British Entrepreneurial Business This work in writing proposes research focused on examining the effective that globalization has had upon entrepreneurship in Britain. Toward this end, this work will review the literature in this area of study and inquiry. Research questions in this study include the following questions: (1) What effect has globalization had upon British workers? (2) Has the government in Britain responded effectively to the impact of globalization on the
The manner in which companies respond to the effects of globalization also depends on the strategies developed and implemented by countries' governments. Globalization influences the national workforce situation, which determines authorities to take action in this direction. The following pages intend to review some of the literature that refers to the influence of globalization on the private environment, on small and medium companies, and on consumers. The review will provide
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