Global Business Environment

This presentation discusses the concept of globalization and its impact on businesses, with a focus on SASOL. It covers PESTLE analysis, driving factors, impact of digital technology, challenges and complexities, and recommendations for SASOL in the global business environment.

Global Business
Environment
Part - 1

Table of Content
 Introduction
An introduction to the concept of globalization
Appropriate PESTLE analysis to illustrate the broader and global influences on an
organisation
 .An analysis of the key driving factors of globalisation
 .Evaluation of the significant impact of digital technology upon globalisation
A critical evaluation of the challenges and complexities globalisation brings to an
organisation such as SASOL
 .Recommendations on how such challenges can be overcome
Conclusion
References

INTRODUCTION
Globalization is the word that used to growing interdependence of world's cultures,
economies, and population that are buying from cross borders and trade in goods
and services, technology, and flows of investment. This is important for each
organization who runs their business in economy to analysis the demand and
provide the products accordingly. In the global business environment there are
different types of businesses which are running by managing all functions and
activities effectively.

An introduction to the concept of
globalization
While running a business in other country there is need to follow the regulations
and laws that are followed to operate the business and bring the changes at the
workplace. The management is require to understand the emerging trend then
provided the products and services accordingly that can help to develop the
business productivity and profitability. This also helps in spreading of products,
information, technology and jobs across nation that can help to developing the
organizational productivity. This also allows developing countries to catch up
industrialized nations by increasing the activities such as manufacturing, economic
expansion, diversification, and improvements for the purpose of improving living
of standard.

An appropriate PESTLE analysis to illustrate the broader
and global influences on an organisation such as SASOL
Globalization is all about whole world that is becoming increasingly and interconnected. This
is important for all companies to conduct the environment analysis and introduce the
products and services which can help to fill the customer demand and attain the business
productivity.
PESTLE analysis is the tool of analysing business environment that used by business concern
for the purpose of know how factors can be affect the businesses in changing environment
and how it develop the business productivity. For managing the business there is need to
focus on environment analysis and attaining the profitability. The PESTLE analysis of
SASOL Limited is explained below:
 Political

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 Economical
 Social
 Technological

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 Legal
 Environmental

An analysis of the key driving factors of
globalisation.
After analysing the external factors that is related to globalization is require to be
consider while running the business as it helps to know which factor is impacting
.positively and negatively at the workplace The management should be conduct the
environment analysis and comes to know what are the driving factors that can help to
.run and grow the business in changing environment This also states which factor can
.be affected the business negatively and how the challenges can be overcome This is
important for each organization to conduct the market analysis and manage the
.organizational functions and activities effectively The driving factors of globalization
:are
 Environment

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 Cost
 Market
 Competition

Evaluation of the significant impact of digital
technology upon globalization
Environment is changing day by day where it become important for business organization to walk
with changes otherwise business will started to decrease. To sustaining and maintaining the
higher business productivity there is need to focus on new technology and innovation which is
most important as it helps to provide the new products and services by maintaining higher
productivity. In relation to SASOL Limited, digital technology is adopting by managing for
the purpose of introducing new products and services in changing environment that supports to
develop the organizational performance and brand image. The impacts of digital technology
on globalization is defined below:
 Increase the economy of scale
 Reducing the cost of transportation

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 –Helps to increase the organizational productivity Digital technology is the important thing
for each organization as it bring the changes in their products and services as per customer
demand and supports to develop the higher productivity.
 , –Advance in logistics communication and finance The digital technology is the beneficial
,for business organization as well as individual as it provide advancement in logistics
maintaining good and clear communication and also helps to arrange the finance which can
help to develop the organizational productivity and performance in the competitive
.environment
 –Access to new talent To accessing new market globalization allows industry to get the new
talent as it establish its business in new country where it needs to recruit the skilled and talent
.people

A critical evaluation of the challenges and complexities
globalisation brings to an organisation such as SASOL.
Supply chain management is the management process which is used in flow of good and services
between locations and businesses for the purpose of filing customer demand and attaining
higher profitability. In the changing environment needs and wants of customers are getting to
change continuously where it became important to introduce the kind of products and services
as it can help to manage the all functions and activities. This states how a task can be done and
majorly adopted by organization for the purpose of running their business in market. Due to
globalization SASOL Limited is facing the many complexities that are as given below:
 Ethical Business Practices
 Organization structure
 Improper supply of products

Recommendations on how such challenges can
be overcome.
As above discussed challenges has create the many difficulties for SASOL Limited to
operate and run their business in changing environment. If there is challenges occurs while
running business then it needs to be overcome by formulating plans and strategies that can
help to developing the organizational performance. To overcome the challenges the
management of SASOL Limited is require to follow or adopt the digital technology as it
can help to access new talent, developing market, and increasing the market demand that
supports to run the business effectively.

CONCLUSION
From the above discussion, it can be concluded that globalisation has proved to be a major
revolution for the business industry as it has been successful to generate new income
opportunities and growth possibilities for the existing line of enterprises within the global
environment. In order to sustain as well as succeed in the long run, the company needs to
constantly work towards combating the global challenges with the utilisation of advance
and effectual strategies and tactics in a proficient way.

REFERENCES
Gottardello, D. and Pàmies, M. D. M., 2019. Business school professors’ perception of ethics in
education in Europe. Sustainability. 11(3). p.608.
Windsor, D., 2018. Multi-level social institutions in conflict over sustainable development.
Critical Sociology. 44(2). pp.285-302.
Moroz, P. W. and Gamble, E. N., 2021. Business model innovation as a window into adaptive
tensions: Five paths on the B Corp journey. Journal of Business Research. 125. pp.672-
683.

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