Business Organizations in a Global Context: Strategies and Implications

BUSINESS ORGANISATIONS IN A GLOBAL CONTEXT

Table of Contents
Introduction......................................................................................................................................3
Activity 3:........................................................................................................................................4
3.1 Review of the global environment.........................................................................................4
3.2 Strategies to address issues....................................................................................................5
Activity 4:........................................................................................................................................7
4.1 Implications of global integration on business......................................................................7
4.2 Effect of international trade on domestic products................................................................8
4.3 Impact of global economy on business..................................................................................8
4.4 Benefits of ICT technologies on globalization......................................................................9
Conclusion.....................................................................................................................................10
References:....................................................................................................................................11
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Introduction
The formulation of business strategies may be considered to be one of the most successful
critical tasks for the management of big a business organization especially in the context of
today's globalized and ever competitive business world (Triandafyllidou, 2018). The global
environment has always been challenging for the businesses in terms of cost factors and market
dynamics. Besides, the significant amount of growth in information and communication
technologies (ICT) has enabled the corporate houses to expand their operations around the globe
with a greater level of efficiency and excellence. The instant report deals with these issues in the
context of a consulting business based in UAE.
At the very outset if the study, the researcher introduced the topic and provides a general
overview of the paper. The entire discussion is divided into two parts. The first part talks about
the globalization and its impact on the given business from a theoretical perspective followed by
the measures that may need to be undertaken by the management in order to overcome the
challenges associated with the functioning in a globalized market. The second part focuses on the
impact of global integration and international trade on domestic firms and also the contribution
of ICT in today's business. Finally, the researcher wraps up the discussion by way of concluding
note.
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Activity 3:
3.1 Review of the global environment
It has been identified that the Greenfield investment in the UAE has surged to mitigate the
demand for gas. Related information highlights the fact that the international oil and gas sector’s
investments in fresh projects are currently all set to double up in the year 2019, alongside Qatar,
Saudi Arabia and the UAE fueling growth (Rystadenergy., 2019).
In this context, it may be noted that the global business environment is extremely competitive in
terms of a price war, aggressive marketing strategy, customer focus, and cost leadership. Since
consulting business has enormous growth potential across the world, the market players have
always been engaged in formulating strategies that may give them the competitive advantage in
the market and thereby create a market disruption (Zajda, 2018).
Rystad Energy estimated that projects including above $240 billion in the Greenfield venture
would be authorized in the present year, with approximately 25% predictable to approach from
the Middle East nation (Rystadenergy, 2019).“As per the consideration of Purnell (2018), the
sector in the Middle East is recently focusing to slope up its gas fabrication with the purpose of
meeting increasing provincial demand, at the same time as also rising oil output. Further
information gathered reflects that into the UAE, foreign direct investment is being picked up
with a rapid pace yet stay put short of its pre-crisis crest (The National., 2019). Further
information received from the similar source also underscores the fact that previous year as on
the whole foreign investment flows the UAE had acknowledged US$6.2 billion in its Greenfield
foreign direct investment into the region raised for the fourth uninterrupted years.
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