This assignment delves into the world of globalization and its impact on businesses. It covers a range of topics, from strategic planning process formality to the sociology of globalization. The assignment also explores the effects of environmental regulations, financial globalization, and the drivers of structural change. Additionally, it touches upon internationalization in higher education, global cooperation, and the cooperative movement. The PESTEL analysis is also discussed in relation to importing. This comprehensive study provides a thorough understanding of globalization's influence on businesses and societies.