Global Business Environment CAMECO - Assignment
Added on 2020-10-05
14 Pages3435 Words408 Views
Global Business Environment
Table of Contents
INTRODUCTIONGlobal business environment is one of the relevant concept, that actually responsible forbusiness expansion, growth and firm's productive regulation. This concepts actually consists offorces that has been put on business regulation of corporate entities as well as role of economicfactors in every business entity (Sergi, 2016). In the current scenario, globalisation has led toeffective creation of business structure along with creating technological trends for growingbusiness regulation. This report will be analyse on CAMECO, which is the fastest growingenergy and chemical trade headquartered in South Africa. It actually deals in crude oil, naturalgaseous or chemicals. It has been expanded their business operation in different countries such asAustralia, Gabon, Canada and Mozambique. Apart from this, report will be carry on assessment of major factors which includes cost,market, environment and competition that drive global commerce and trade. This report will alsocover complexness of various strategic challenges generally faced by the business entity, whenoperating in global culture and environment. TASK 1P1 Analyse key factors of cost, market, environment and competition that drive global commerceand tradeGlobalisation is the process of interaction and integration among people, companies andgovernments worldwide. Actually, it is the process by which businesses or other entities developinternational influences or start operating on an international trade. Globalisation has played anecessary role in cultural, social, political and social dimensions (Adekola, 2016). CAMECO,which is one of the fast growing energy and chemical trade entity expands its business operationin countries like Australia, Gabon, Mozambique, Canada etc., globalisation has played necessaryrole in enhance productivity at the greater level. Especially in trade sector, globalisation has vastand collective role to its purpose and action planning towards profit generation. This conceptactually involves international economic integration, foreign direct investment, internationalbusiness or trade. In context with CAMECO, there are various factors of cost, market,environment and competition that really drives globalisation in context with this leading energyentity are as follows:
Cost: This is one of necessary factor, which every business firm considers in their firm'sregulation or while they are trading on global platform. Especially in energy sector, role of costfactor is huge or sometimes critical (Rowell, 2017). It can simply mould business units of entitywhich engaged in producing energy or supplying it. In current era Iran, Saudi Arabia, USA etc.has controlled cost & prices of energy products. As part of globalisation, CAMECO has tookmeasures such as technological advancement, resource management etc., to control negativeimpacts of it. Market: This is a common factor, which is responsible for future growth of businessfirm. In energy sector, where market use to fluctuate with entrants of new business orineffectiveness (Lewis and et. al., 2017). This has impact on global trade or commerce inpositive or negative manner. Positive in sense, like strategic partnership to do trade withcollaboration etc. In context with “CAMECO”, market of energy or chemical is wide, because oflarge resource platform. Environment: Business environment is the major challenge, because of wide functioningor structure made in energy sector. CAMECO deals with various business entity, who are dealsin same sector to generate strategic alliances, if they wants to raise higher productivity or profitgeneration. Environment will most necessary concept, in case of CAMECO wants to expandtheir business into other countries such as Israel, Kuwait etc. (Webster, 2018). There areenvironmental factors such as growing pollution, usage of chemical role & its disadvantages,conflicts of different nations can stop expansion of CAMECO business as part of globalisation.South Africa needs to have bilateral talk with other nations. Competition: This is an necessary factor, which is important to control flow of productsor services on global platform. In energy sector, where competition has took place, because ofmajor exporters like Saudi Arabia, Iran, Kuwait, Qatar etc. South Africa also have crude, naturalgases, chemical liquid, which they can sell to other nations. The major problem here is lack ofinfrastructure and resources to carry out productions of energy. CAMECO should initializesstrategic alliances or partnership to overcome increased competition and expand business toother locations.
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