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Global Business Environment : SASOL

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Added on  2021-01-15

Global Business Environment : SASOL

   Added on 2021-01-15

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Global Business Environment
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Covered on PPT..........................................................................................................................1TASK 2............................................................................................................................................11. Explanation of the structure, culture and governance of the organisation through applyingMcKinsey’s 7S model.................................................................................................................12. Application of Hofstede’s Dimensions of Culture to demonstrate how the organisation hasbeen influenced...........................................................................................................................23. Evaluation of ethical and sustainable factors to be considered in a global market.................34. Factors affecting decision making in a global context............................................................45. Strategic expansion routes the organisation took and analyse both advantages anddisadvantages..............................................................................................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
Global Business Environment : SASOL_2
INTRODUCTIONGlobal business environment refers to that environment where two or more businessentities interact and collaborate to pool the resources and capabilities of human resourcestogether to attain profit (Global Business Environment, 2018). The present assignment is basedupon SASOL Limited which offers products and services related to energy and chemical (Kardesand et. al., 2013). This report describes those elements that have an impact over the concept ofglobalisation. Along with that, it covers the economic or strategic complications which affect theoperations of an organisation across international borders. It further explains as to howoperational activity of business entities at global level global market affects the structure andculture of company. At last, it covers the influence of globalisation on various decisions made bytop management of global organisations.TASK 1Covered on PPTTASK 21. Explanation of the structure, culture and governance of the organisation through applyingMcKinsey’s 7S modelMcKinsey 7S model is a tool that provides an insight into the design of an organisationby understanding 7 internal key elements of an entity by categorising them into hard and softelements. Hard elements include strategy, structure and system while soft elements includeshared values, style, staff and skills (Axelrod and VanDeveer, 2014). This helps the managementin identifying if these elements are effectively aligned and allow the accomplishment oforganisational goals. SASOL Limited has adopted McKinsey’s model to develop anunderstanding about their structure, culture and governance. The model inclusive of theseelements is explained below:-Hard element: These elements are determined by the management to develop anunderstanding of the strategy, structure and system of entity. With respect to SASOL Limited,hard elements are described as below: Strategy (Governance): The management of SASOL Limited are carrying out variousstrategies to formulate the expansion of the operations of business across various parts ofthe world so that it can gain an edge over its competitors.1
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