Ask a question from expert

Ask now

Global Business Environment : BMW

17 Pages5242 Words175 Views
   

Added on  2020-06-03

Global Business Environment : BMW

   Added on 2020-06-03

BookmarkShareRelated Documents
GLOBAL BUSINESSENVIRONMENT
Global Business Environment : BMW_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P.1. Analyse the key factors of cost, market, environment and competition that drive globalcommerce and trade....................................................................................................................1TASK 2............................................................................................................................................3P.2. Explain the complexity of strategic challenges faced by organisations when operating in aglobal environment supported by specific example ...................................................................3TASK 3............................................................................................................................................5P.3. Evaluate the influences of globalisation on organisational governance and leadershipstructure, culture and function ....................................................................................................5P.4. Evaluate the influence of ethical and sustainable globalisation on organisational function9TASK 4..........................................................................................................................................10P.5.Evaluate the different ways of decision making can work effectively in a global context ...................................................................................................................................................10P.6. Determine and articulate the various routes to internationalisation BMW many adopt,including the barriers.................................................................................................................11REFERENCES..............................................................................................................................13
Global Business Environment : BMW_2
INTRODUCTIONThis documentation defines about to the key factors which have upon the global businessenvironment in terms of benefits and challenges within particular references to BMW. Moreover,this study also refer to some essential strategic challenges in context of risk and diversification inthe organisation in terms of effective supply chain management within the business efficiently.Apart from it, this assignment also describe about to the globalisation influences on BMWorganisation and its function effectively as well. This study determines about to various routes tointernationalisation of BMW firm and some barriers which facing by the business at global level.TASK 1P.1. Analyse the key factors of cost, market, environment and competition that drive globalcommerce and tradeIntroduction of the company: BMW one of the biggest auto-mobile company in themarket. BMW is a national car produces and BMW parts were made at the HQ and justassembled ain the South Africa factory. BMW compete vigorous in the global market for cars.The company is at the leading edge of recycling technology and claims to have a regard theprotection of the environment in this and other areas. The company is operating its businessacross the world effectively (Wild, Wild and Han, 2014).Definition Globalisation: Globalisation is concerned about to the term in whichresolution of critical barriers of international program of products and services, capital,technological and people that make impact on the integration of the world in efficient form.Globalisation assists the country to make appropriate development in the country by which theirpeople could live better and sustain their life in more effective manner. The following factors that drive global business and commerce effectively:Market factor: variety of market factors are presented here which make impact on thebusiness in more effective manner. Multiple numbers of people live here and they have differentkinds of test in the market. Similarity of test and needs of each customer assist the businessenvironment to enhance their business at global level (Werther Jr, and Chandler, 2010).Moreover, various existing global customers increase demand of sales of product and serviceseffectively and effective distribution channel of BMW Company in various country increase thesales of the business effectively.1
Global Business Environment : BMW_3
Economic factor: Various economical factor also make impact on increment of globalbusiness environment of BMW organisation properly. The company now has been get effectiveeconomic of scale by enhancing proper manufacturing plants and distribution channel across theworld effectively which increase the sales of BMW in the auto-mobile sector efficiently.Moreover, they have implemented strategic country’s cots at various places in the countryaccording to the circumstances and situational analysis of the country as well. It assists thebusiness in order to increment in the sales of the business in more efficient form. Favourablelogistics and effective exchange rate also increase the economic scale of the country efficiently.Environmental factor: There are several trade policies and tariff barriers presented indifferent-different country effectively. BMW now has been expanded its business at variouslevel around the world and they have made equation with subsidiaries to local companies andownership restriction by which the organisation business environment has been expanded atglobal level in the auto-mobile sector effectively (Trompenaars and Hampden-Turner, 2011).Moreover, the legal factor of different –different country also make impact the global businessenvironment of the company properly. Their control over the technologies in transferred ofgoods and services of BMW business entity and their intellectual property of the organisationalso protect the important elements of the business which make assist them to development oftheir business in more effective form.Competitive factor: Variety of competitive factor also make impact on enhancement ofthe global business environment of BMW business effectively. The company is implementingstrategic competitive approach of doing business in the auto-mobile sector by which they canparallel compete their competitors in the market efficiently and increase the profitability of thebusiness in appropriate form. Moreover, country’s interdependence of environment also makegreat impact on the sales of the organisational product and services effectively (Tarique andSchuler, 2010). The major competitive factor is that, social media also assist the enterprise inrespect to make promotion of organisational product and services across the world effectivelywhich make great impact on the profitability of the business at various level. The Globalisation has been made great impact on the profitability of BMW business in theindustry effectively. With the help of globalisation, BMW business now has been expanded itsbusiness product and services at broad level according to the demand and requirements of theirexisting customers in auto-mobile sector effectively, they have several challenges and issues in2
Global Business Environment : BMW_4

End of preview

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

Related Documents
Global Business Environment Assignment- BMW
|12
|3891
|51

Report on Global Business Environment of BMW
|12
|4434
|182

Global Business Environment Assignment - BMW
|11
|3812
|69

Global Business Environment Contents
|11
|3894
|405

Key Factors of Cost, Market, Environment and Competition Drive Global Business Environment
|16
|5362
|123

Global Business Environment of BMW
|13
|3977
|95