Assignment on Global Business Environment
Added on 2021-02-19
13 Pages4366 Words125 Views
GLOBAL BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1P1 the key factor that influence the global business environment.........................................1M1...........................................................................................................................................2P2 Challenges created for the organisation when trying to enter new global business..........2M2...........................................................................................................................................4D1...........................................................................................................................................4P3 Discuss how globalization effect the organizational, governance, leadership and culture...4P4- discuss how organizational function are influence by the ethics and sustainableglobalization...........................................................................................................................6M3...........................................................................................................................................7P5 evaluate the different ways the these factors affect the decision making process in theorganisation............................................................................................................................7P6 discuss the routes to enter the international market along with the key barriers..............8M4 .........................................................................................................................................9D2...........................................................................................................................................9Conclusion-......................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONThe interaction along with the integration between the people and the culture of the differentcountries from the business is called as the globalization. Due to the process of the globalization. Themarket comes to the expansion and the growth of the economy. In the process of the globalization thethere has been the exchange of the good and services from one part to another part of the countries. Itraises the standard of living among people but also increase the competition. There are various factorsthat effect the process of the globalization which includes the cost, market, technology, marketingenvironment. In this global environment, the company has to face many strategic challenges. Thechallenges can be the difference in the culture of the organization, organizational structure difference inthe governing body. There are many ethical and sustainable that influences the decision-making processof a globalization.P1 the key factor that influence the global business environment.There are many factors that influence the process of the globalisation are-Technological change- the process of the globalization is major taken place due to the technologicaladvancement. SASOL company is upcoming with new technological advancement in working of theorganisation so that they can produce higher quality of the goods at the least cost. Due to thistechnological advancement the company can gain the competitive advantage against there competitorsfor the longer run. Due to this factor the company also get the reduction in the transportation and thecommunication cost. So it is the one of the important factor which influence the globalisation.Trade liberalization- due the globalisation, domestic companies are facing maximum competition. Soto save the interest of the domestic market many countries used to put high rules and the regulation. Butin some countries, the people want the high variety of goods to raise the standard of the living(Quinlanand.et.al., 2019). Then that countries used to have the liberal policy over the imports along with thesubsidies so that more and more import can be done. This also help them to establish the business intheir own country along with the investment in another country.Economics of the scale- major contribution in the upliftment of the country in due to GDP. Theglobalization will bring technological advancement which reduce the labour cost and maximize theprofit of the organization. Reduce in the cost operation will also make the better quality of the goodsavailable to the customer at the low price(Wheelen, and.et.al.,2017).1
. SASOL company is using the manageable technique to reduce the cost and increase the productivity ofthe organization with efficiency and effectiveness. The growth of the country will be the result of thehigh pr5oductivity under the lower cost.Political factor-in every country, the political factor are the major role as there are the variation in therules and regulation of there every country. If the country have the strict policy then the import dutieswill be high for the product so the SASOL can easily expand, but if then liberal policy is being followedthen the import will be easy and the company and the country will maintain the healthy relationship. Theeffective rules are being made regarding the taxation, accounting and the minimum wages' policy thathas to be followed by every company whether it is MNCs or the domestic company.Transitional and multinational companies' growth strategies.- in the race of the success thecompanies are expanding over the countries to their full potential. The company applies for the differentgrowth strategy to work according to the demand and the requirement of the different countries. SASOLalso look after the culture of the different countries so that they can effectively place there goods in themarket.Digital factor- There is the impact of digital platform that is social media and online channels that willhelp in development of business all over the world with rapid speed and development. SASOL is usingvarious websites and social media platform to develop.M1 There is clear impact of the key factor as they help in development of business global buy someoff the factor also turns as challenges. As the political factor also turns to be challenges in expansion ofthe business in various countries. The company has to follow the political factor foe expansion whichturns out be challenge for company.P2 Challenges created for the organisation when trying to enter new global businessThere are following key factors and challenges are proposed when business drives and operate globally.11Unfamiliar market : All the countries have there exclusive work culture also variety in termsof languages and so many things therefore it is challenging to know more about what peoplewants most. Before expanding business in Canada,Gabon , Australia we must aware about theirmarket strategy to ensure that from this business what amount of profit will get. That means forsuccessful establishment of new business market should be families with organised company. So2
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