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Global Business Environment– Assignment

   

Added on  2021-02-20

12 Pages3691 Words43 Views
Leadership ManagementProfessional DevelopmentData Science and Big DataPolitical Science
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GLOBAL BUSINESSENVIRONMENT
Global Business Environment– Assignment_1

Table of ContentsINTRODUCTION ..........................................................................................................................3TASK 1 ...........................................................................................................................................3P1 Key factors of cost, market, environment and competition that drive global commerce andtrade.............................................................................................................................................3TASK 2 ...........................................................................................................................................5P2 The complexity of strategic challenges faced by organisation when operating in globalenvironment.................................................................................................................................5TASK 3 ...........................................................................................................................................6P3 The influence of globalisation on organisational governance and leadership, structure,culture and functions...................................................................................................................6P4 The influences of ethical and sustainable globalisation on organisational functions............8TASK 4 ...........................................................................................................................................9P5 The different ways decision-making can work effectively in a global context.....................9P6 Determine and articulate the various routes of internalisation on organisation may adoptincluding key barriers..................................................................................................................9CONCLUSION .............................................................................................................................10REFERENCES .............................................................................................................................12
Global Business Environment– Assignment_2

INTRODUCTION Global business environment is related with various external factors which directly andindirectly affect the working of business organisations. Global business environment generallyconsist of different kinds of opportunities and risk at the local and internationallevel(Anantatmula, 2010). External factors which affects business environment are consumers,competitors, technology, suppliers, etc. The company chosen for this report is SASOL limitedwhich is a fast growing energy and chemical organisation, its headquarter is located in SouthAfrica. Major topics covered in this report are major factors of cost, market and competition thatdrive global commerce, the complexity of strategic challenges and influence of globalisation onorganisational governance. Evaluation of various ways of decision-making along with differentroutes to internationalisation which can be used by organisation will also be covered in thisreport. With the help of this firms will be able to take better decisions for the future course ofaction. TASK 1 P1 Key factors of cost, market, environment and competition that drive global commerce andtrade.Globalisation is concerned with formulation of plans and strategies for the expansion ofbusiness at the international and global level. It is free transfer and movement of goods andservices across the boundaries. Globalisation is related to integration of economies and societiesand there direct or indirect impact on trading of goods and services among various countries.With the help of rules and regulations related to globalisation the management of organisationcan easily analyse that their business will be successful at the international market or not. It canalso lead to creation of employment and job opportunities in the best possible manner.Globalisation leads to positive and negative influence on the working of business and theirprofitability(Cadle, Paul and Turner, 2014). The major driving factors related to globalisationof SASOL limited are discussed below- Cost- It is one of the most important and risky factor which for the businessorganisations, as with the help of this problems can be solved easily. The management ofSASOL needs proper cost for conducting their business activities in the systematic and efficientmanner. If SASOL is successful in planning strategies for the management of cost than its sale
Global Business Environment– Assignment_3

and profitability can be increased at the global level. For example- if the cost of labour forSASOL in South Africa is high than plans and tactics can be made for using labour of othercountries like- Canada, Mozambique, etc. Similarly of the cost of raw material is low in SouthAfrica than management of SASOL can formulate strategies accordingly. Market- It is where SASOL will be able to attract large number of customers by sellingits goods and services as per their needs. Plans for increase in market share can be made bySASOL after analysing the need and preferences of potential customers at the local andinternational market. If there is high demand of products in the market than management ofSASOL can focus on managing the price of its products. As by doing this market share will becaptured in countries like Canada and Australia. Environment- It is related with analysis and evaluation of internal and external factorsof business environment. After analysing this SASOL can interpret that it will be appropriate forthem to expand their business in new countries or not. For example, if there is less availability ofresources in any new country than different set of strategies will be required to handle suchresources(Dubey, and et. al., 2016).Competition- The competition level in the international market is generally high soSASOL will be required to implement innovative strategies so that their sale and business can beimproved. For example- if there is high competition available in the market of Australia thanmanagement of SASOL will be required to implement and formulate latest technology so that itspotential customers do not shift towards other competitors. These were some of the factors which can impact on the business of SASOL at the globalmarket. There are various kinds of opportunities which help SASOL in expanding its business atinternational market. Use of appropriate digital technology will also lay positive impact on theorganisation. This is because it can help organisation in attracting large number of in the bestpossible manner. As various digital promotional techniques can be used for the overall growthand development of the organisation.
Global Business Environment– Assignment_4

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