Global Business Environment Assignment | CAMECO
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Added on 2020-12-29
Global Business Environment Assignment | CAMECO
Added on 2020-12-29
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Global BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3a) Key factors of globalisation that drive global commerce and trade........................................3TASK 2............................................................................................................................................6a) Complexity of strategic of challenges faced by organisations operating in globalenvironment.................................................................................................................................6TASK 3............................................................................................................................................8a) Evaluating influences of globalisation on organisational governance and leadership,structure, culture and functions...................................................................................................8b) Evaluating influences of ethical and sustainable globalisation on organisational functions11TASK 4..........................................................................................................................................12a) Evaluating different ways decision making can work effectively in global context............12b) Determine and articulate various routes to internationalisation and organisation adopt alongwith barriers..............................................................................................................................13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONGlobal business environment is considered as environment in various countries havingfactors exogenous to home country of enterprise that influence decision making on capabilitiesand use of resources. It can be categorised into internal and external environment which can becustomers, suppliers, government, employees and more (Zhang and Huang, 2012). With rise inglobalisation, companies are expanding their business globally for increasing profit andsustainability in market. The main objective of global business environment are to increasegrowth, development and satisfaction of employees, providing quality goods and service toconsumers. In order to run in global market, strategy should be formulated in terms of offeringchoices to new consumers, facilitates mobility of capital, labour and technology and reallocatingresources. The given assignment is based on CAMECO which was founded in 1988 at SouthAfrica. It is chemical based and fast growing energy company and expanded business intoCanada, Australia, Gabon, Mozambique. It is considered as second largest uranium producerwhich is 18% of world production. This report covers various factors of globalisation whichimpact business and strategic complexities associated with operating in global environment. Ithighlights about organisation structure, culture, functions and influence of globalisation onbusiness decision making and strategy with use of theory and concepts. TASK 1a) Key factors of globalisation that drive global commerce and tradeConcept of GlobalisationGlobalization refers to a procedure through which an individual, companies as well asgovernment conduct interaction and communication at world wide level in effective and efficientmanner (Wetherly and Otter, 2014). Due to communication and transportation technology,globalisation has increased which crease opportunities for an individual as well as companies.Such as by the help of globalisation company able to expand its business at world wide level bywhich they enhance their customers base and profitability ratio. Moreover, an individual able todevelop their career in internation market and they also go another country for conductingstudies in effective manner. Globalization also focus or include economical side of the worldsuch as international trading, foreign direct investment and many more because by this company
as well as country economic status get increased. Along with this and organization also increaseunderstanding of diverse culture, technology, politics, and many more. Their are various key characteristics of globalisation such as able to trade of products andservices across borders, increase in movement of funds in effective manner. Along with thisthere is also develop company brand on global basis, increase in migration of labour, increase ineconomic of company by increase in investment and many more. Like every thing globalisationalso have some advantage and some disadvantage. Advantage are like by globalization anindividual and company able to communicate across boundaries in effective manner, travellingbecome easy, understanding of diverse culture increase, customers are getting better products atcheap price and many others (Voegtlin, Patzer and Scherer, 2012). Whereas disadvantage issmall companies are losing its appearances because of multinational companies. Moreover gapbetween poor and richer increased, exploitation of labour is increased in developing countriesand many more. In respect of CAMECO, by globalisation they able to expand their businessoperations and functions at global level in order to increase customers base and profitabilityratio. Driving factors of GlobalisationTheir are various driving factors of globalisation which influence an organizationbusiness functions and operations. Some major of theme are explained below in respect ofCAMECO are explained below:Cost- This driver related to costing which are required in order to expand business atinternational market in effective as well as efficient manner. Thus for enlarging company'soperations and functions in worldwide level company required huge amount of capital. This is sobecause they have to hire peoples according to requirement, conduct analysis for understandingculture of respective company, develop products and services accordingly (Tokuoka, 2012). Inrespect of CAMECO which is a energy and chemical chemical they required huge amount ofcapital in order to analysis market in effective manner. By which they able to know need andremand of respective company products. Market- Requirement and need of market place differ from country to country whichinfluence functions as well as operations of company. This it is necessary for them to conductmarket evaluation and develop product and services accordingly in order to attract more andmore customers in effective manner. In context of respective company they conduct market
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