Global Business Environment

Global Business Environment

Cover Content
Introduction
Key factors that drive global commerce
PESTEL Analysis
Strategic Challenges
Conclusion
References

Introduction
A global business environment is defined as environment of different countries which
influences decision making. The global business environment consists of external and
internal environment. The organisations must understand the concept of globalisation
while operating globally or internationally. This PPT describes various factors that
influence globalisation. The company considered in this report for analysing global
business environment is CAMECO. It is the largest company that trades uranium.
CAMECO corporation is based in Saskatoon, Saskatchewan and founded in the year
1988.

Key factors and competition that drive global commerce
Globalisation is defined as the exchange of goods and services with foreign countries.
There are various factors that drive globalisation. Globalisation affects overall
functionality of business. The driving forces are market, cost, technological
advancements, etc. which influences a company's expansion globally. These factors are
described below-
Cost factor
Market factor
Environment factor
Competition-

PESTEL Analysis of CAMECO
Political factors
Economic factors
Social factors
Technological factors
Environmental factors
Legal Factors

Complexity of strategic challenges faced by firm
Globalisation is defined as the exchange of technology, products, information and jobs across international
cultures and borders. Globalisation provides modernization, job opportunity, and access to services and
goods to developing countries. Globalisation is the process by which different countries trade globally. The
driving factors that influence globalisation are listed below-
Technological change
Economies of scale
Monopoly situations
Laws and regulations
Political risks-
Communication and cultural differences

Conclusion
From the above mentioned PPT, it has been concluded that that business
environment is essential for achieving objectives of the company in expansion in foreign
markets. Organisations adopts different strategies and policies for making profits while
operating globally. The mangers apply culture, norms, duties and structure for employees.
This aids in maintaining competitive advantage in domestic as well as international
markets.

References
Adekola, A. and Sergi, B. S., 2016. Global business management: A cross-cultural perspective.
Routledge.
Boshyk, Y. ed., 2016. Business driven action learning: Global best practices. Springer.
Cassidy, A., 2016. A practical guide to information systems strategic planning. Auerbach
Publications.
Cavusgil, S. T. and Knight, G., 2015. The born global firm: An entrepreneurial and capabilities
perspective on early and rapid internationalization. Journal of International Business Studies. 46(1).
pp.3-16.

THANK YOU