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Global Business Environment Assignment: Sasol Ltd

   

Added on  2021-02-19

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Global BusinessEnvironment
Global Business Environment Assignment: Sasol Ltd_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Key factors of cost, market, environment and competition which drive global commerceand trade.................................................................................................................................3TASK 2............................................................................................................................................6P2 Complexity of strategic challenges faced by company while operating in global businessenvironment............................................................................................................................6TASK 3............................................................................................................................................7P3 Influence of globalisation on organisational governance and leadership, structure, cultureand function............................................................................................................................7P4 Influence of ethical and sustainable globalisation on organisational function..................9TASK 4..........................................................................................................................................10P5 Evaluate different ways in which decision making can work effectively.......................10P6 Determine and articulate various routes to internationalisation an organisation an adoptincluding key barriers...........................................................................................................10CONCLUSION..............................................................................................................................11REFRENCES.................................................................................................................................12
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INTRODUCTIONGlobal business environment can be defining as the environment within varioussovereign nations as well as it influences decision making on resources uses as well ascapabilities. It is divided within external and internal environment (Amran, Lee and Devi, 2014).This assignment is based on Sasol limited which is an oil and gas chemical industry organisationbased in Sandton, South Africa. Respective organisation has also expanded in Mozambique,Canada, Gabon and hope for expanding in other nations also. This assignment is divided withintwo parts, first will explain globalisation along with its drivers. Moreover, challenges will bediscussed which organisation face while working at global level as well these challenges will beidentified through conducting PESTEL. Apart from this, second part will discuss, McKinsey's7S model, Hofstede's Dimension of culture as well as factors which influence culture andorganisational function. TASK 1P1 Key factors of cost, market, environment and competition which drive global commerce andtradeGlobalization is a term used when organization develop international influence or move tooperating on international market. It is referring as a movement of goods and services or peopleacross geographical boundaries. This movement of business or business activities needs to bemanaged in a unified and integrated manner (Caiazza, Shimizu and Yoshikawa, 2017). Ineconomic term, globalization can be described as expansion of business market to other nationaround globe through free trade. It can be considered as an interconnection of people andbusinesses across the world that leads to integration of global cultural, political and economic ofcountries. Globalization can be driven by various new development as well as gradual changes inworld economy. Different factors which drive globalization as well as have impact on business.These factor can affect direct or indirectly to business performing in different areas. Technology - Globalisation of business activities will lead to use on new and updatedtechnology of a country (Charter, 2017). By advance technology company can performits business activities in more effective and efficient way. Sasol Limited can use faster
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