Global Business Environment Assignment- CAMECO

   

Added on  2020-10-22

17 Pages5741 Words293 Views
GLOBAL BUSINESSENVIRONMENT
Global Business Environment Assignment- CAMECO_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Key factors of cost, market, environment and competition that drive global commerce andtrade........................................................................................................................................3TASK 2............................................................................................................................................5P2 Explain complexness of strategic challenges tackle through company while operating intointernational surroundings with the help of particular illustrations........................................5TASK 3............................................................................................................................................8P3 Globalisation at governance and leadership, structure, culture and functions..................8P4 Ethical and sustainable globalisation influence on organisational functions..................11TASK 4..........................................................................................................................................11P5 Various ways decision making can work effectively in a global context.......................11P6 Ways to internationalisation and key barriers.................................................................14CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................16
Global Business Environment Assignment- CAMECO_2
INTRODUCTIONGlobal business environment is referred as position in differentautonomousstate thatincludes element exogenic to national surroundings of firm which aid in causing judgement onability and assets use. They are classified into internal and external that includes customers,social, political, legal, cultural, technological. In order to run business in worldwide industry, it isessential to have decent scheme and directions (Ajami and Goddard, 2014). Strategic direction isthe forces which establish structure for inside obligation between each section and workerperform on it. The presented assignment is supported on CAMECO that was established in 1988at South Africa founded by Tim Gitzel and Neil McMillan. It is considered as big producer ofUranium that consists of 18% of global manufacture. This is chemical substance company whichhas expanded business in different countries such as Mozambique, Gabon, Australia and Canadaand. It covers element that cause globalisation and challenges of strategical for operation inglobal environment. This report also highlights about global market influences on civilization,purpose, structure. The conclusion is influenced by globalisation and strategy made fororganisation.TASK 1P1 Key factors of cost, market, environment and competition that drive global commerce andtradeConcept of GlobalisationGlobalisation is the process which helps in integrating and fundamental interactionbetween various organisations, firms, individuals, companies and governments worldwide. It hasrise due to increase in people need for technology and communication. With rise in globalinteractions, it leads to growth in international ideas, trade, culture. This is regarded asinternationalisation for combining and action of ethical and social group aspects. This consists ofproducts, capital, resources, technology, data and services, technology. As per IMF, it has fouraspects of globalisation such as spreading of knowledge, movement and migration, trade andtransactions, investment and capital movements (Beaumont, Whitaker and PEDERSEN, 2013).All challenges of environment are linked with globalisation such as cross boundary, water andair pollution, global warming, over fishing. For expansion of business at world wide, such factorscan impact business and organisation. It is very essential for CAMECO to analyse market and
Global Business Environment Assignment- CAMECO_3
each and every elements of environment. All business running at firm stage need to study aboutinternationalisation and their outcome and expand their firm in other countries. Dynamic element of Economic processThe different driving factors of globalization that are explained here:Cost- There is very in cost and sourcing efficiency from county to country where globalfirms can take benefits of it. Globalisation can provide opportunity to CAMECO for buildingglobal scale economies and high development of products. The other cost related with goods andservice can be reduced through globalisation (Bernhagen, Mitchell and Thissen-Smits, 2013). Market- The domestic market is saturated due to which opportunities for growth arelimited and in order to overcome such situation global expanding is done. Theinternationalisation is grown by CAMECO which provide opportunity to analyse need ofcustomer, using of global marketing channels and transfer marketing. Environment- It is changing factors where modification are taking often. It plays animportant role in globalisation as CAMECO has gone through phase of changed issues withalternation in environment for operating enterprise in marketplace. It is very necessary toexamine environmental factors such as weather, climatic, and others and accordingly makedecision. The commerce and transactionare taking place in surroundings as there is rise in intakeof goods that can effectenvironment round which leads to tension on environment.Competition- With rise in economic process, inter firm competition has increased andforced business to move into worldwide marketplace.Internationalisation assist CAMECO forexpanding firm in other country as there is strong interdependence among countries, two waytrade and FDI. In order to beat competition, there should be good relationship among each other(Drivers of Globalization: Integration of Theories and Models. 2005).Important effect of digital technology upon economic processDigital technology is defined as usage of root in effective way for creating, discovery,examining, information and communicating in digital matter. This consider usage of softwareapplications, scheduling and web instrument (Black, Morrison and Gregersen, 2013).Globalisation has impacted digital technology due to growth, advancement and key drivingforces. The advancement in technology and progress has impact globalisation in both domesticand international level. The breakthrough of technology compel firm to become global throughincreasing market size and economies of scale. Digital technology can help CAMECO for
Global Business Environment Assignment- CAMECO_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Global Business Environment Assignment - CAMECO
|18
|5763
|340

The Global Business Environment: Assignment
|13
|4292
|461

Impact of Strategic Planning Processes Assignment
|15
|5451
|122

Global Business Environment Factors - Doc
|9
|2409
|238

Impact and Strategic Direction
|11
|2807
|157

Global Business Environment Project | Assignment
|14
|4395
|43