Drivers and challenges for globalisation

Drivers and challenges for globalisation
and Impact and Strategic Direction

Introduction
 Business environment is considered as sum total of factors which can be
internal or external that will impact on the business in both positive and
negative way (Liu and Wang, 2014).
 Some of the main benefits gains by company by adopting business
environment are increase in business, profitability, sustainability and so
on.

Globalisation
 Globalisation refers to a procedure related to
interaction and integration of peoples,
government and companies at the worldwide
level.
 Through this a firm able to gain numbers of
benefits like enhancement in profitability,
customer's base, market shares and so on.

Driving factors for globalisation
 Economic Integration: It is considered as agreement between the
countries at a geographic region in order to reduce and remove non tariff
as well as tariff barriers which help in free flow of products or services.
 Political drivers: It refers to change which occur in political factors of a
country which impact on the company business.
 Technological drivers: It is one of the major factors which impact on
company business operations and functions.