Business Environment and Globalization: A Study of SASOL Limited

Business Environment

INTRODUCTION
Globalization brings big opportunities for businesses in less industrialized countries to
tap into large markets across worldwide. It leads in increase competition related to the cost,
product, services, technologies as well as target market and price. Positive and flexible business
environment helps in facilitating their operations at global level and expand or grow in new
markets. SASOL limited is taken to studied the study of globalization concept and its challenges.
Sasol is an integrated energy as well as chemical organisation which based in Sandton, South
Africa, the company was established in 1950 and reinforced on procedures that were firstly
developed by the German chemists and applied scientist in early 1900s. In this report discussed
about the key factors of driving globalization and determined strategical complexity which are
related to with operating in international market. Also, discussed that how operating in global
environment impacts on the organizations structure, culture and governance as well as evaluate
the influences on business strategies and decision making.
LO1 & LO2
Covered in PPT.
LO 3
1)
Organizational structure refers to the activities that are focused towards the achievement
of aims and objectives. These activities include task allocation, coordination, supervision etc.
which effect company performance and actions (Beck, 2018). Whereas organizational culture
encompasses the values, beliefs and behaviours that contribute towards the social and
psychological business environments. Moreover, governance of an organization is the foundation
of sustainable business that provides extended condition of economic value to their workers and
stakeholders. As a value-based company SASOL limited is committed to high standards of
integrity and ethics of operational activities.
SASOL limited known as a advanced growing organization in South Africa, nowadays it
has successfully design a plan to take part in international trade and exploitation (Eriksen, 2018).
To measure the determinants of globalisation the company use McKinsey 7s model that can be
described below: