Global Business Environment Assignment- John Lewis

   

Added on  2020-06-06

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GLOBAL BUSINESSENVIRONMENT
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Key factors of cost, market, environment and competition that drive global commerce andtrade.............................................................................................................................................1TASK 2............................................................................................................................................3P2.Complexity of strategic challenges faced by organisation operating in global environment3TASK 3............................................................................................................................................3P3. Influence of globalisation on organisational governance, leadership, structure, culture andfunctions .....................................................................................................................................3P4. Influences of ethical and sustainable globalisation ..............................................................3TASK 4............................................................................................................................................4P5. Different ways in decision making ......................................................................................4P6. Articulate different routes to internationalisation adopted by organisation .........................4CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................4
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INTRODUCTIONThe global business environment refers to the internal and external environment of theorganisation system. It consist of several factors that have direct impact on the decision makingprocess. It is the responsibility of management to examine all these elements properly in order tocarry out the overall function in effective manner. Modern time consist of different type andnature of organisation that form the part of global business environment. The company selectedin their report is John Lewis, which is a retail public limited company situated in London. Thereare around 50 stores that are located in Scotland, Wales and England. This report throws light onkey factors which drives global commerce and trade, influence of globalisation as well asdifferent ways of decision making. Apart from it, there are several routes to internationalisationof an organisation that form the important part of globalisation concept. TASK 1P1. Key factors of cost, market, environment and competition that drive global commerce andtradeEvery business organisation have to operate in dynamic business environment whichkeep son changing in time. Thus, it is necessary for the companies to work accordingly in orderto keep in pace with these changes. The globalisation is a broader concept that involve number oftransactions related to finance, communication and finance. There are number of changes thathave to be implemented in response to the this process. Its impact can be classified into two partsthat include, production and market globalisation. Product globalisation refers to the process thatinvolve sourcing of goods, raw materials from one nation to another in order to gain highoutcome and profit on the other hand market globalisation is a procedure that include reductionof barriers that come across while performing selling function within diverse countries(Cantwell, Dunning, and Lundan, 2010). Moreover, globalisation allow John Lewis to established sustainable image and goodwillin market place as well as facilitate them to earn high sales volume and profits. They can go forjoint venture and merger that helps them to expand their current business operations andtransactions across the world. There are numerous factor that impact the global traders andcommercialisation that are discussed below: 1
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Cost: It is the amount that haws to be incurred by any business organisation wholeperforming functions of marketing, production, promotion and other activities (Werther Jr andChandler, 2010). Thus it involve expenditure of finance from the company to carry out thatprocess in effective way. Cost is also involved in other area of manufacturing, transportation andupdating of value of products. It can be further divided into two parts: Direct Cost: It is the price amount that is related to production of goods and services. It isrelated to one cost object. It include cost faced by company incurred on sand, cement andgravel.Indirect Cost: This type of cost cannot be linked with some certain cost objects. There arenumber of functions that has to be performed in day to day operations related to supplyare consider under indirect cost. Market: It is the place where buyers and producers meet to carry out the exchangeprocess. It consist of several parties that include wholesalers, traders, producers, that playdifferent role in the market place. It get largely impacted by demand and supply process ofproducts and goods. It involve some elements of market that are discussed below: Market related to raw materials: Every company require raw materials to producefinished products. There are diverse type of raw materials that has to be traded over worldwide (Cavusgil and et. al, 2014). Labour Markets: this market is for the individuals that are looking for employment invarious places across the countries. UK have number of employment opportunities thatattract number of prospective people to gain advantage for the same. Environment: Business environment have a huge influence on functioning of thecompany. Thus, it is the duty of management to perform environment scanning and takedecisions accordingly. Political factors: This pose a huge impact on the organisational system in several waysthat may have positive and negative influences. It include customer's purchasing power,taxes related to corporation, custom duties and many more. On the other handgovernment draft several laws, regulations, rules, policies that have to be adopted by thecompany to run it in successful manner. Economic Factors: It consist of exchange, inflation, deflation, current economicconditions prevailing in current market place. All these aspects pose high impact on the2
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