International Business Environment: Implications of Globalisation and Political Factors

INTERNATIONAL
BUSINESS ENVIRONMENT

INTRODUCTION
International business environment is considered as the multidimensional and consists
cultural differences, political risks, legal and taxation problems, exchange risk and etc.
Moreover, this comprises the political, economic, regulatory, social, cultural and technological
environments (Introduction and Types of International Business Environment (IBE), 2019). It
benefits participating parties and countries with high levels of international trade that has
stronger economies, effective living standards as well as steadier growth. The business
environment is defined as the sum or collection of internal as well as external factors which
influence firms. It includes clients, suppliers, and innovation in technology, staff and others. The
chosen company for this presentation is Marks and Spencer plc, which is a growing British
multinational retailer. It deals in clothing, luxury food products and home products. This essay
will critically analysis the implication of globalisation and international trade. Moreover, assess
the political environment and analyse why business needs to monitor this environment.
GLOBALISATION
Globalisation is considered the market integration into global economy which leads
towards enhanced interconnectedness of national economies (Apăvăloaie, 2014). The
marketplace in which this is specifically important involves financial markets like capital market,
insurance market and so on. Commodity market includes market for coffee, oil etc. Moreover,
globalisation is considered as the growth of international trade, investment, technology as well as
information across the world. Also, it is the merge of whole Asian countries with one another.
Herein, technology is refers to be the biggest factors of globalisation. So the advanced as well as
modern technology can assists all nation to access borders and top enhance the economic
development of whole country.
The Philippines is a South-east Asian country within Western Pacific. It is famous for
their waterfront promenade as well as is the heart of old Manila. In Philippines, globalisation
bring various job opportunities to Filipino people. The government motivates internalisation
organisation to set up its businesses as well as open several job to Filipino employees at
marketplace. The impact of globalisation assists the community of Philippines to become more
aware of what are happening in other countries by providing employment opportunities to people
in proper manner. They create awareness programmes for their people to know about impact of
globalisation.

Within Philippines, globalisation is crucial upon how it works into economy as well as
advancement of technology. It assists all country to have a cooperation for helping one another
and be united. Also, this is developed for procedures of products, services as well as individuals
around the world. Moreover, this is helpful for developing all country to improve international
economy as well as enhance the respective country's income level. In addition to this, it means to
liberalize every county its rule and regulation to comply, individuals may enter to various
country as long they obey their country's legislation in order to operate into particular nation in
effective and efficient manner. Globalisation is efficacious for Philippines as it helps to develop
international and domestic countries, culture, education and improvement of economy. This can
assist the country to enhance the employment of Filipino individuals due to the opportunities
which various international countries have to set up their businesses there, as well as several job
vacancies for Filipino and recruit various individuals to perform at its organisation (Savrul,
Incekara and Sener, 2014). As there are lot of overseas Filipino employees who perform globally
as well as can be successful in doing work in international country. Due to World Trade
Organisation of nation, all individuals can perform into various country as well as has
opportunity to live there and be a citizen within country they live in (Belás and et. al., 2014).
Moreover, this develops the information technology flows as the impact of globalisation within
Philippines technology brings more positive affects as this assists to enhance respective country
economy. This leads in providing employment opportunities to enhance their living standard and
live happy life. Due to the IT with modern as well as latest usages develops the flows of whole
firm products as well as also this reduces the work of each Filipino. Also, globalisation
developed the products and services quality, as being connected to another country is effective
for respective country. This assists them to perform good quality as well as provide great
services to them so that they can bring dignity to Filipino individuals. Developing its services
and facilitates more quality products to another countries can develop Philippines and their
nation. They can provides effective quality goods outside countries as well as Filipino
individuals can serve its best to other. So, due to globalisation the goods services as well as
products can easily provide and deliver that to every respective location. All these shows that the
globalisation impact the Philippines positively.
In addition to this, globalisation can also impact the country negatively. As this is not
effective for exporting rice product into agriculture industry, because Filipino farmers can