Global Business Environment: Driving Factors, PESTLE Analysis, Challenges, and Recommendations for SASOL

This presentation discusses the concept of globalisation and its driving factors, along with a PESTLE analysis of the global influence on SASOL. It also covers the challenges and complexities of globalisation and provides specific recommendations for SASOL. The subject is Global Business Environment, and the course code and college/university are not mentioned.

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Global business Environment
Part 1

Table of content
• Introduction to the concept of globalisation
• Driving factors of globalisation
• PESTLE analysis
• Complexity of strategic challenges of globalisation
• Specific recommendations
• Conclusion
• References

Introduction
Global business environment can be
described as environment where there
are different countries that consist
different factors of one countries and
crate influence over use and capabilities
of resources. This project report includes
study of SASOL which is an integrated
chemical company that is based on
South Africa

Introduction of
globalisation
Globalisation can be described as
process through which people,
companies, government of different
countries are interconnecting. It is a
process that accelerate speed of
international trace and cultural
exchange. It is a result of advancement
of transportation as well as
communication technology.

Appropriate PESTEL analysis
to illustrate global influence
on organisation of SASOL
PESTEL analysis can be considered as macro environment tool that allow
business to identify different factors present in market and create impact over
business. Explanation of these factors in context of companies are mentioned
below:
• Political Factors
• Economic Factors
• Social Factors
• Technological Factors
• Legal Factors
• Environmental Factors

Key driving factors of
globalisation
Globalisation is one of important term which provide opportunity to a
country. There are different factors that are contributing to companies to
sell their products and service to another country. Explanation of these
factors are mentioned below:
• Trade liberalisation
• Difference among cost of countries
• Rapid change in technology
• Partnership between countries

Challenges and complexities that
globalisation bring to organisation
Globalisation provide various benefits to economy of a country that
develop various job opportunities in a country, provide opportunity to
access to resources. But at same time, there are various challenges of
globalisation. Explanation of these challenges in context of globalisation
is mentioned below:
• High investment cost
• Loss of job
• Taxes and import duties

Recommendation
From above mentioned discussion, it can be recommended to
managers of SASOL that they should hire skills and talent people
in their workforce that allow them to compete in market in
effective manner.
It is also advised to managers of SASOL to provide proper training and
development to employees that will prepare them for international
operation.

Conclusion
From above mentioned discussion, it can be concluded that global
business environment is full of uncertainties and risk but at same
time, it provide opportunity to business. There are various factors
present in global business environment that create impact over
operating including political, technological, legal, environmental,
economic and other factors.

References
Orel, M. and Kubátová, J., 2019. Coworking as a model for
conscious business. Journal of Global Responsibility.
Varshney, D., 2020. Employees’ job involvement and
satisfaction in a learning organization: A study in India's
manufacturing sector. Global Business and Organizational
Excellence, 39(2), pp.51-61.