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Influences of Globalization on Global Businesses

   

Added on  2022-12-29

15 Pages4977 Words79 Views
Global Business
Environment

Table of Contents
INTRODUCTION...........................................................................................................................3
P1. An analysis of the key drivers of globalization .............................................................3
P2. An explanation on the complexity of strategic challenges faced by global businesses. .5
M2. Critical analysis on the strategic challenges caused by globalization.............................6
D1. A critical evaluation of the global business environment................................................6
P3. An evaluation of the influences of globalisation on organisational governance , leadership
an structure,function and culture............................................................................................6
P4. Evaluation of the influences of global sustainability and ethics on organisational function
................................................................................................................................................7
M3. Application of McKinSey 7S Model on organisational structure in case the of Vodafone
Plc ..........................................................................................................................................8
P5 Evaluate various ways process of decision making can work effectively in international
context....................................................................................................................................9
P6. Different ruts and (strategies) to enter global markets ................................................10
M4. A critical evaluation of the key barriers to globalization and recommendations to
overcome them.....................................................................................................................11
D2. Critique strategies that can be adopted by organisations for globalisation and
recommendation in context to the Vodafone........................................................................12
CONCLUSION .............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Globalisation is the technique or the process through which world is connected for the
exchange of services and other essential support. In business terms globalisation is the trading of
goods and services along with the cultural exchange at global level (Buckley, Enderwick and
Cross, 2018). This can also be consider as the company's working internationally, so in
influence the world economise to work together in order to produce and provide variety's of
product and services. So majorly there are three elements of globalisation that is business
establishment in different location then import and export. This can be beneficial for the
economical growth and success of the organisation along with its domestic company. Vodafone
is the British multinational company of telecom, headquarter in Landon , it provide the
connectivity services in between the 650 million peoples along with 20 million broadband
customer's. This report is about the analysis and evaluation of different factors which drive the
globalisation , determination of the strategic complexity which is related to the global business
operation. Along with the analysis of its effects on organisation structures, functions and culture,
then evaluation of the globalisation influence on company decision-making and strategies.
P1. An analysis of the key drivers of globalization
Globalisation is best for the organisation and nation development it is the concept of
international trading and communication (Chen and et. al., 2018). With the aid of developing
technologies and demand of the customer's for different services at every place of the world.
Their are some driver of the globalisation explain below.
Technological drivers- In the present competitive market technology is developing
continuously and giving the opportunities for the development of new product and services with
the aid of this then it helps to explore the business at international level with the support of
different transportation services, online technology which influence to run the business
operations online at multiple nation. In context to the Vodafone technological driver is the
developing internet and gadgets technologies, which influence them to provide their services at
multinational level. Such broadband development influenced them to provide that type of
services with the support of online technology and transportation technology.

Political drivers- That is the driver which involve the variant factors such as the trading
rules and political decision. Which influence the foreign exchange of product and services,
because without the legal permission company can not trade in the foreign nation so this is the
driver which posses both effects on globalisation positive and negative.
Market drivers- The developing competition of the market and its saturation is the
factor which drive them towards the plan of globalisation for the business growth and
opportunities. Due to the multiple brand for the similar services at same place, business
organisation faces the huge problem in growth and sale. So this is another factor which drive the
company's to work at global level by exploring the other customer's and target market which
require their services. At percent Vodafone operates their services in the different area of Asia,
Africa, Europe, and Oceania. Between the mobile operator groups globally.
Cost drivers- Cost of the resources and pricing of services is vary from country to
country and this can be beneficial for the organisation in terms of business globalisation.
Because it offer the different profit margin and different assets cost through which company can
make higher growth from multinational business. Vodafone is having Chaptalization of $38.65
billion.
Competitive drivers- competition of the brands for value and growth influence them to
go for the global level business and competition which can make them multinational brand with
different values (Hamilton and Webster, 2018). This is the factor which force the small and all
the other range business company's to grow at the global level in order to meet competitive
edges. Vodafone division of the enterprise provide the IT and telecommunications services to
their corporate Clint of 150 countries.
M1. Impact of the key driver on globalisation
Benefits-
Technological driver is beneficial if it get implemented or use by the company at undated
form in comparison to competitor. Because it helps to save the time of the operation and provide
the quality of product at different location with different technological support such as
transportation, online technology's and so on, cost driver posses the advantage in terms of profit
margin. Political drivers such as the Trading blocs helps to operate in some selective
countries context to business globalization. Market and competitor drivers force to use
the diversifying and business segmentation and geographic level.

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