logo

Global Business Environment: Key Factors Driving Global Business

   

Added on  2020-06-03

13 Pages4240 Words96 Views
GLOBAL BUSINESS ENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Key factors of cost, market, environment and competition which drive global commerceand trade......................................................................................................................................1M1 Critically analyse key factors of globalisation on business in terms of benefits andchallenges....................................................................................................................................3TASK 2............................................................................................................................................4P2 Complexity of strategic challenges when operating in global business environment...........4M2 Critically analyse strategic challenge in context of risk and diversification........................5D1 Evaluation of global business environment including opportunities and challenges face bycompany......................................................................................................................................6TASK 1............................................................................................................................................7P3 Impact of globalisation on organisational function, culture, structure and governance........7P4 impact on sustainable and ethical globalisation on companies functions..............................7TASK 2............................................................................................................................................8P5 Various ways of making decision work properly at global level...........................................8P6 Different routes to internationalisation with key barriers......................................................9CONCLUSION..............................................................................................................................10

INTRODUCTIONGlobal, business and environment are three main terms which describes nature of abusiness deals in international trade. It consists the fundamental way of organisation for carryingout its operations. Doing business globally includes numerous forces which shape policies ofsuch companies (Ferraro and Briody, 2013). Along with this effectiveness of technologicaladvancement, competitive mechanics and diversification are some key drivers of internationalfirms. Business environment at global level starts when a company start dealing its products orservices in market of other countries this proves beneficial for them in maximising profit as well.This make organisations to generate more revenues through which they can gain high return oninvestment. In this context, a project is made on Dutton engineering. It is an international firmwhich operates the business in steel fabrications and machinery parts. This file discussed aboutfactors of cost, market, competitors etc. which impacts on doing business at global level. Itelaborates some challenges which are faced by this company in dealing the products ininternational market. TASK 1P1 Key factors of cost, market, environment and competition which drive global commerce andtradeTo run a business successfully in other countries, managers of organisations need toconcentrate on four main factors that are capital, market, state of affairs and competition. Theseelements enable firms in driving businesses legally according to rules and regulations ofcountries within which they operates. Therefore, management of Dutton engineering needs toconsider the roles of such factors while carrying out its operation globally. Thus, impact of suchattributes on business of a company can describe as:-Competition: Before expanding business in other firms, a company should need toconsider on competitors of marketplace of those territorial regions where it want to open theoutlets. At global level there are many rivals having own strategies to avail customers on largelevel. Therefore, managers of Dutton need to identify business of its competitors like on whichpositions they are currently working as well as what strategies used by them to attract people.Along with this, what type of product-service are given by them, their price rates etc. helps in1

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Global Business Environment Essay
|15
|4385
|69

Global Business Environment Essay - Dutton
|20
|4750
|22

Assignment on the Global Business Environment
|17
|5860
|397

Global Business Environment Contents
|11
|3894
|405

Global Business Environment– Assignment
|12
|3691
|43

Global Business Environment Assignment (Doc)
|16
|5658
|51