Global Business Environment: Factors, PESTLE Analysis, Opportunities and Challenges

This presentation explores the key factors that drive global commerce and trade, including cost, market, environment, and competition. It includes a PESTLE analysis of the global business environment and a critical evaluation of the opportunities and challenges faced by organizations. The presentation also explains the complexity of strategic challenges faced by businesses when operating in a global environment.

Global Business Environment

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Table of Contents
• Introduction
• Analyse key factors of cost, market, environment and competition that drive global
commerce and trade.
• Pestle Analysis
• Critical analysis the impact that key factor has upon the global business
environment in terms of benefits & challenges
• Critically evaluate the global business environment, including the opportunities
and challenges faced by organisations
• Explaining the complexity of strategic challenges that are faced by businesses
when operating in a global environment
• Conclusion
• References

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Introduction
The globalisation may be defined as the procedure of
developing the different operational activities of the
business in the global market. With the help of
globalisation different types of organisation
interconnect with each other by paying more emphasis
on the culture exchange. At the international level
globalisation is act as a development drive for all the
organisation who deals in manufacturing of different
types of goods and services(Moon, 2022).

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Factors that drive globalization
 Globalisation is being considered as an the most important
element which help the different types of organisations in
expanding their business all the across the globe and also
help in gaining more and more profit. In context to the
SASOL, different types of key factors which foster the
presence globalisation has been discussed below:
 Cost
 Market
 Competition
 Environment

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PESTLE Analysis
It is a measure which aids the companies in analysing and ascertaining the number of external factors which
can make an impact on the effective functioning of the organisation. The pestle analysis mainly with respect to
the SALSO is as follows
Political
Economic
Social
Technological
Legal
Environmental

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Impact that key factor has upon the global business
environment
The development of the technology is being categorized as one of main considered towards
globalisation. Due to the innovation and boom in digital technology globalisation achieve its
highest in a rapid manner and this also help the firm in operating their business functions with more
ease(Alam and Grose, 2022). It has been analysed that from the presence of digital technology with
in the business, the company can reduce their cost especially in transportation and supply chain.

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Critical evaluation of global business environment
including Opportunities and Challenges
From the above analysis it has been evaluated that there are different factors which drive the
business for the international trade. In relation to SASOL, it is very important for the management
of the business organisation to expand their business functions or its activities in the international
market. Due to the existence of globalisation, business are able to enjoy the sustainability as well as
the high competitive advantage over their rivals in the competitive market.

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complexity of strategic challenges faced by business
Due to the globalisation all the organisation are able to carry out their business function in a very
effective manner. This also assist them in developing sound strategies and policies which is very
beneficial for them.
These complexities and challenges has been discussed below:-
Loss of cultural identity
Entry Fess

Conclusion
From the above PPT, it has been concluded that globalisation is being considered as one of the important
aspects which is related to the business. This not only help the organisation in improving their visibility in
the international market but also help them in increasing their profitability. Globalisation or
internationalisation may be defined as the process of exchanging goods and services at the global level.
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References
• Moon, H.C., 2022. Global business strategy: Asian perspective. World Scientific.
• Zheng, C. and Chagpar, A.B., 2022. Contribution of cost to treatment nonadherence in the US breast
cancer survivors: a population-based analysis. Breast cancer research and treatment, pp.1-5.
• Huang, W. and et. al., 2022. Carbon footprint of cotton production in China: Composition,
spatiotemporal changes and driving factors. Science of The Total Environment, p.153407.
• Koczyrkewycz, M., Chaiechi, T. and Beg, R., 2022. How Resilient Is the Investment Climate in
Australia? Unpacking the Driving Factors. In Community Empowerment, Sustainable Cities, and
Transformative Economies (pp. 31-48). Springer, Singapore.
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