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(PDF) Global Business Environment Sample Assignment

   

Added on  2021-01-01

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Global Business EnvironmentStudent Name: Student ID:Author Name:

IntroductionThe globalization or internationalization is expected for successful business expansion. Theproject is focused on SASOL Limited, which is dealing in chemical and power industry. TheSouth African Company can face various issues during the globalization process. The advisorcan examine these aspects with the help of PESTLE analysis and report the appropriate findingsto the newly joined CEO. It would help him to take better decisions. Further, the associatedculture and religion of a country must be understood to develop a positive organizational culture.It would help to enrich the business functions as well as collaboration and mutual respect amongemployees. It will help to increase productivity of SASOL.

IntroductionIf a company wants to succeed in the international market, globalization is necessary. Manyissues can arise in the path of globalization policy of an organization. A company can deal withthese factors by developing effective business standards (ALI, 2017). The project will focus on aSouth Africa based Company, SASOL Limited and the relevant challenges faced by thecompany. The enterprise deals with Chemical products and energy sources. It already expandedits branches in various parts of the world, such as Canada, Mozambique, Gabon and Australia.To examine the impacts of external business factors the company can use PESTEL analysis

Task1: Study the primary factors which drive globalizationP1. Explore the key aspects that drive global commerce and tradeGlobalization refers to expansion of business in multiple nations. For successful globalization, acompany should consider the overall market as a single segment all the products and servicesshould be designed accordingly. While doing business in a multination environment, a company should follow many rules andregulations. The appointed advisor can implement PESTEL analysis to examine the challenges.Before applying a possible strategy, the advisor must define the laws to the board members andthe CEO of SASOL. The analysis is stated as follows:Political factor: To start a business in certain countries, a company has to review the politicalcondition of that country.In the context of SASOL, the company should check whether thegovernment is interested to support foreign companies or not (Hair Jr et al. 2015).Economical Factor: The economic condition plays a vital role n developing business. Usuallypeople always need fuels and chemicals for daily needs. As SASOL is an expert in theseservices, it has huge scope of growth in any country. However, they must provide qualityproducts with reasonable price.Social factor: The cultural and ethical views of people in a certain area can affect the businessdrastically. In most cases, it is observed that new entrants are often discouraged due to theirreligious belief and other cultural issues (Oriesek and Schwarz, 2016). Technological factor: Industrialization and communication can be extremely affected due toinsufficient technology based resources. Without proper online marketing and advancedequipments, the growth of business can be heavily affected. However, if a country has properresources, the company can easily attract the customers and investors by featuring their productsand services.

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