Global Business Environment Assignment
Added on 2021-02-19
11 Pages2875 Words84 Views
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Global BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31. Concept of globalization.....................................................................................................32. Driving factors of globalization..........................................................................................33. Significant impact of digital technology upon globalization.............................................34. PESTLE analysis of an organizational context..................................................................35. Challenges of globalization and the strategic challenges for an organization....................36. Recommendations in order to reduce these challenges......................................................4TASK 2............................................................................................................................................4P3. Influence of globalisation on organisational governance and leadership, structure, cultureand function............................................................................................................................4For applying Hofstede's dimensions of culture to determine that how organisation has beenaffected...................................................................................................................................5P4: Evaluation of ethical and sustainable factors about organization within the global market.6Task 3...............................................................................................................................................7P5: Factors influenced decision making within the global context........................................7P6: Determine and articulate various routes to internationalisation an organisation an adoptincluding key barriers.............................................................................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10.......................................................................................................................................................11
INTRODUCTIONGlobal business environment is termed as environment where the interaction between thelocal and international market happens which influences the working of the company. Thisenvironment is comprises of unlimited numbers of nations where the operations are performedwith the limited number of resources considering all external and internal environment. Thepresent document has been written on the association that is The city college Limited which isone of the leading education and training company. The chosen association is currently planningto expand their business in the market of Sri Lanka, Bangladesh and the Congo with the desire toexpand business in other countries too. This written document will cover the study about certaintopics such as key factors of the globalisation and its drivers, apart from this the study will alsocover different challenges which are impacting the business while operating at global level.Apart from this different models and analysis will also be discussed here such as PESTLEanalysis,7's model, Mckinsey model, Hofsted's model related to the cultural dimension is alsodiscussed here(Charter, 2017).TASK 11. Concept of globalizationCOVERED IN PRESENTATION2. Driving factors of globalization.COVERED IN PRESENTATION3. Significant impact of digital technology upon globalizationCOVERED IN PRESENTATION4. PESTLE analysis of an organizational context.COVERED IN PRESENTATION5. Challenges of globalization and the strategic challenges for an organization.COVERED IN PRESENTATION
6. Recommendations in order to reduce these challenges.COVERED IN PRESENTATIONTASK 2P3. Influence of globalisation on organisational governance and leadership, structure, culture andfunction.In order to succeed in the competitive era the business, the business will focus on theimplementation of the various aspects so that the proficiency ratio of the business can beincreased. Some measure aspects which the business have focused are:Culture: This factors consists of various norms, values, ethics which foster a greatimpact on the business. In regard to this the City college have given their employees with certainrange of benefits and opportunity which are equal in term so that firms productivity cab beraised. Structure: This factor involves the organisational structure where the information is passfrom top to bottom in a hierarchical manner. As the business of City college is one of the leadingbusiness which follow a proper chain in order to exchange information so that efficiency of thebusiness as well as employees remained maintained(Ueda, Kadota and Tozuka, 2014).Governance: Herein the business of the City College have focused on the differentchannels and platform to operate so that their connection and relation can be sustained in aproper manner and enhance their overall position in the market place.The business of City business have also focused on the implementation of the different modelswithin the business in order to sustain their organisation structures and culture:Mc Kinsey model:Strategy: Herein the business of The City College will focus on the adaptation of thestrategy to use different and innovation ways to provide education by determining in advanceabout all those macro environment and micro environment factors so that corrective measurescan be taken.Structure: In this step of the model the City College will focus on the implementation ofthe structure that is divisional organisational structure where the work of the company will bedivided to each head so that the completion of the task can be done in appropriate manner byachieving the goals(Buckley, Doh and Benischke, 2017).
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