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Global Business Environment pdf: Sasol limited

   

Added on  2021-02-20

17 Pages4479 Words27 Views
Global Business Environment1

ContentsINTRODUCTION...........................................................................................................................3PART -1...........................................................................................................................................3P1 Discuss about the different key factors of cost market, environment and competition thatdrive the global trade and commerce...........................................................................................3P2 Describe the strategic challenges faced by firm when they operating in the global culturesupported......................................................................................................................................4PART 2............................................................................................................................................6P3 Evaluate the influence the globalization on the organizational leadership, culture andfunctions......................................................................................................................................6P4 Describe that how influences of sustainable and ethical globalisation on the organizationalfunctions......................................................................................................................................9P5 Discuss Factors of decision making that can work effectively in global environment........10P6 Determine and articulate the different routes to internationalism an organization may adopta key barrier...............................................................................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................132

INTRODUCTIONThe global business environment refers to the overarching the culture in which theorganization operates. It is board concept that include wide range of factors that can influence thebusiness such as culture, location, technology and politics status of the global environment. A “Sasol limited” is based on the integrated chemical and energy. It is situated in southAfrica and build their processes in 1900. This report will discuss about the different key factorsof competition, cost market and environment that can drive the global business. This documentation will describe the complex strategic challenges that faced byorganization and also supported global culture or environment. Furthermore, the globalenvironment will influence the sustainable and ethical on the enterprises functions. It willdetermine that how globalization influence the organizational leadership, culture and enterprisesfunctions. Moreover, there are variety of decision making help the business to work effectivelyand efficiently. At last, it will determine the key barrier that adopt by internationalism. PART -1 P1 Discuss about the different key factors of cost market, environment and competition thatdrive the global trade and commerce. “Sasol Limited” is a leading organization to expand their business across the world but it alwaysremains maintain the competition level that have intensify their marketing approach everywhereby adopting the sustainable advantages (Chan, Fung and Yau, 2018). These are different typesof key factor that can handle the business operations and functions. these are main driver ofglobalization that increase the global trade and commerce such as cost, market, environment andcompetition. Cost It can be maximizing and utilising the investment which is the best motivators in SASOIbusiness. The single nation markets will not enough for business to offer the subsidiaries thatinclude scope, scale of economies. Especially, when it has been changes in the global markets.The basic goal is get to increase speed from the cost of investment. On other hand, onlinepromotions and advertisement can help the business to increase productivity or profitability inmarketplace. Nowadays, the global opportunities and costs will lead to important decision relatedthe consumer segments or product positioning. 3

MarketThe advancement of economies is becoming the most popular and similar in the life styles,income, aspirations and also use leisure. In Sasol firm, it can find the certain potential buyer inthe nation which have a higher purchasing power. Having global strategy that doesn’t meanwhen Sasol Limited firm should provide the service across the world (Chiu, 2018). Theorganization is usually focused on the demand of customer and new trends as per the regions ofnations. They must follow the business structure of multination management system to identifythe behavioural traits and demographics criteria.Environment For increasing the customer mobility and wealth, increasingly transfer the informationacross the world. It has required the publicity for the benefits of globalization in businessenvironment. It can use the modern technology that continuous accelerate the demand of goodsand services. Sasol firm is used the different type of communication medium to increase theeconomic growth and development. In this way, the organization will take advantages forimproving the trade regions and advance technology. CompetitionMarket competition is a major factor in terms of globalization that can affect the businessin both negative and positive ways. A “Sasol Limited” introduce the new chemical products anddistribute faster in marketplace. It doesn’t remain ahead the risk of competition so that it alwaysuses innovative idea for maintain the position in market. Without having structural reason, Sasolfirm should take more advantage of globalization than other competitors. Foreign Direct Investment(FDI)It is a type of investment that made by Sasol form in the one nation into the enterprisesinterests located into another nation. SASOL firm generally takes the FDI when the investorsestablish the business operations and functions. in this way, the organization acquire the foreignbusiness assets. It plays important role in the Sasol Firm to establishes either effective andsubstantial influences over the decision making in the business development.4

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