Global Business Environment Assignment : CAMECO
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Added on 2020-12-23
Global Business Environment Assignment : CAMECO
Added on 2020-12-23
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Global BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1LO 3.................................................................................................................................................1a. Evaluate the influences of globalisation on organizational governance and leadership,structure, culture and functions...................................................................................................1b. Evaluating the influences of ethical and sustainable globalisation on organisationalfunctions......................................................................................................................................4LO 4.................................................................................................................................................4a. Evaluating the different ways decision making can work effectively in a global context. ....4b. Determining the various routes to internationalisation and organisation may company couldadopt along with barriers.............................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONGlobal business environment is the scenario which allows local companies to deals withinternational market. Besides, By handling the business at international context, definitelycompany also faced different challenges and barriers along. In order to conduct the study further,it chosen CAMECO company which is fast growing energy and chemical based organisation.Present examination point out those barriers that company facing into their international process.Furthermore, it explains globalisation governance and leadership, structure and culture functionthat affect the business growth. On the other side, written report also will cover ways throughCAMECO can entered into the international market. LO 3a. Evaluate the influences of globalisation on organizational governance and leadership,structure, culture and functions.Globalisation influences leadership of the business due to changes in policies andbusiness structure. Global business environment has also been increasing the interaction betweencultures which also increasing the need of productive candidates within the organization. As aresult culture has also influenced who global leaders' hire and ho they govern their organisations.Impact of globalisation on culture or organisational practices is having a significant relationshipbetween culture and business practices (Attard, 2017). Also, globalisation given pressure onemployees to think more protectively and effective in order to meet out the big challenges. Onthe other hand, globalisation can also connect CAMECO with other cultures as well in order toincreases the business growth. Globalisation has also been affect the leadership practices. Overall, nowadays, globalleaders are now equally challenged with sustainability and ethical issues across the world. Sothat, now leaders should need to take some more innovative steps in order to protect thecompany global resources and gain good result and growth. However, globalisation influences corporate governance. In other words, globalisationaffect the company framework of rules and practices by which a board of directors ensuresaccountability and fairness (Cao, Navare and Jin, 2018). Globalisation either providesopportunity or threat to the company corporate governance. Such it increases the competition,technological development, rules & regulations, intellectual capital mobility etc. it affects theoverall company corporate governance that might be good or bad both for CAMECO. For1
example high competition in the market is a most common consequences of the globalisation.This competition can be related to product and service cost and price, target market,technological adaption, quick response and quick production by companies. Globalisation also influences the company cultures and functions under which number ofemployees working. Globalisation culture refers to the transmission of ideas, meaning and valuesaround the world. The culture has been diffused by different factors such as internet, popularculture media, etc. Organisation culture belongs to different people, religions, values they getinfluenced by globalisation. For example, Due to increasing the use of internet is being rise theethnic ideological and national groups (Kim, 2016). Globalisation creates the diverse cultureamong the business organisation which also influence employees to think differently as well. However, globalisation also influences functions of business in rapid manner. Theychange the business working style, requirements, values, goals and objectives every thing. Inorder to enter into the foreign market, CAMECO also must have changed their functions as perthe requirement of the global needs. This process helps to motivate the factors and influences thebest target opportunity to bring the happy and satisfying business goals and results in order tomeet out the global needs (Koh Qi Yuan, 2017). In order to deal with global market, companyhas to deal with divisional structure in order to take follow up from the other divisional areas.McKinsey's & 7S Model Hard Elements Strategy : Strategic planning is the best tool to identify the company aims and objectivesfor the future development goals. Structure : CAMECO following the divisional structure planning in order to handle theglobal business environment. Another element of this model define the company structure.Systems : Another element of this model define what system company adopts eitherinformal, or formal method of operation, procedures and communication flows. Soft Elements Style : This element shows which style and leadership management uses for maintainingthe business environment. Such as company can be use Autocratic style and participative to leadthe management.Shared Values : Standards and values and other forms of ethics within CAMECO. Skills : This elements concern about the company employee skills 2
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