Global Business Environment: Opportunities and Changes in the Electric Car Industry

Global Business
Environment-1

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Identify new and emerging business opportunities that the production and marketing of
electric cars may present to entrepreneurs and business executives............................................3
Provide a critical assessment of the organisational and other changes that may take place in the
future and the reasons for such changes in order to gain competitive advantage........................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Global Business Environment refers to the environment with various sovereign countries
with various factors of the home environment to the organisation that impact the decision making
of resources and use of capabilities. In that case the Global Business Environment is divided with
the external factor which includes social political economic cultural and other concerning factors
that are influenced by external environment. Moreover Global Business Environment consider
globalisation with itself which is useful in removing various hurdles among the countries and
also useful in increasing efficiency of global resources that leads to change the industry structure
(Brenner, 2018). The Global Business Environment also useful in capturing the current ships of
the global environment for business causes mainly by the destructive nature which impact the
political social and economic changes.
Global environment is considered as a systematic study of present Trends within the
technology ranking towards the artificial intelligence and also provide a prominent vision
towards the model concept to economic thinking including the concept of circular economy and
behavioural economics. In this context Volvo is considered which a Swedish multinational is
manufacturing company headquartered in Sweden. Company deals in manufacturing distribution
and sale of cars trucks buses and construction equipment. More about this report is going to
cover the emerging business opportunity that the production and marketing electric car face and
also identify the business that link with automotive industry and impacted after the launch of
electric car.
MAIN BODY
Identify new and emerging business opportunities that the production and marketing of electric
cars may present to entrepreneurs and business executives
PESTLE Analysis: This Framework is helpful in order to determine the external environment
which is conducted when the company wants to expand their business in other segment in order
to acquire New Market area for the development and increment of profitability and sales
(Rendtorff, 2017). Along with this the prominent determination is conducted for Volvo and
specifically for its product that is xc40 in order to make its Global presence bi dealing and
computing with the large brands in order to increase its market share. In this context several