Global Business Environment of BMW
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Added on 2020-07-23
Global Business Environment of BMW
Added on 2020-07-23
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Global Business Environment
ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Analysis key factors of cost, market, environment and competition that drive globalenvironment trade...................................................................................................................1P2 Complexity of strategic challenges faced by BMW when operating in a globalenvironment............................................................................................................................3TASK 2............................................................................................................................................5P3 Influences of globalization on organizational governance and leadership, structure, cultureand functions..........................................................................................................................5P4 Influences of ethical and sustainable globalization on organizational functions..............6P5 Different ways decision making can work effectively in a global context.......................7P6 Articulate the various routes to internationalisation BMW may adopt, including keybarriers....................................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTION Global business is a place where more and more companies used to operate theiractivities just to please themselves at wide number of customers. It is a place which enable andsupport many individuals to perform their business operations properly and generate more andmore revenue as compared with others. This project define and describe about the BMW(BayerischeMotorenWerke) which was founded in the year 1916 and deal in all kind ofautomotive vehicles. They have good and appropriate market share which define the feasibilityof a company to get sustain at keen competitive world. With this report, management of BMWbecome more aware about global business environment properly so that working could beimproved in near future course. This project will lead to define about various key drivers whichused to operate the global business environment in better manner. It will also describe aboutstrategic complexities which used to identify at global environment. Thus, it also need crucialaspects to determine which highly influence decision making and strategy of a company. TASK 1 P1 Analysis key factors of cost, market, environment and competition that drive globalenvironment tradeGlobal environment is based on several number of consideration which used to determineby business organisation properly so that better and effective working could be done (Canals,2011). thus, such factors and elements need to understand and assess properly by themanagement of a company so that they used to carried down operations in better and suitablemanner. Such aspects are related with cost, environment, market and competition which need acritical understanding as well as related benefits and challenges which enable managers tooperate safely. BMW needs to understand such sections properly as they are one of a majorcompany by revenue of such automotive industry so for managing appropriate and effectiveworking this assessment is really important:Competition: Business operations at globalised level is not a easy task and it really needhighly understanding of all related aspects. One of a major key factor which driveglobalisation is competition. High range of competition could be determine at globalbusiness environment which need and required to understand properly for maintain andmade a business healthy. BMW need to determine their major rivalry at global1
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