Global Business Environment Assignment | Volvo

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Added on 2021-02-19

Global Business Environment Assignment | Volvo

Added on 2021-02-19

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Global BusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1A) Forces that shaping cars industries and changes that helps to get competitive advantages. .....1Porter's five forces ......................................................................................................................1Critical assessment of changes in the organisation. ....................................................................3B) Opportunities for electronic car manufacturing businesses .......................................................4Opportunities for production of electronic cars ..........................................................................4Future investment is not profitable..............................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8

Global Business Environment Assignment | Volvo_2

INTRODUCTIONGlobal business environment deals with the environment in which company is operatingits business activities. Global environment deals with political, economic, technology,geographic location, culture, etc(Aguinaldo and et.al., 2019). Volvo is car manufacturingcompany which expand its business in the fields of electric vehicle manufacturing. The companyhas many branches in different countries. The report is based on the car manufacturing industriesas the case study is based on the evaluation of electronic vehicles in Europe. The discussion willbe based on the forces that are driving car manufacturing industry to shape the business. Furtherthe study will be based on the competitive advantages that car manufacturing industries will getin future. Further the discussion will be based on opportunities that are available with theindustry. Last but not least the discussion will be on identifying and critically assessment ofglobal automotive industries are profitable to invest on. TASK 1A) Forces that shaping cars industries and changes that helps to getcompetitive advantages. The majors forces that shaped the business environment for car manufacturing industryare explained with the help of porter's five forces. It explains by using major driving forces incar manufacturing industries that are competition in industry, entry of new company in themarket, suppliers, customers and threat from substitute products(Arroyo, 2019). Volvo company tries to bring innovation in the fields of manufacturing electric carswhich help to company to gain long term profits. The changes that company faces to deal; withthe dynamic environment for manufacturing of electric car are Porter's five forces Barriers For New Company To Enter In Market In car manufacturing industry electric vehicles can not enter the market easily because itis difficult for company to invest in auto mobile industry as it requires huge amount of funds atthe initial stage of the establishment of the company (Bocken, Boons and Baldassarre, 2019).Another factor is that the industry requires highly skilled labours to operate the activities relatedto manufacturing. The company in industry needed to enter by creating strong network ofdistribution to the end consumers. To enter in car manufacturing industry the company can1

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