Impact of Digital Technology on Globalisation: A Case Study of SASOL Limited
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This presentation discusses the impact of digital technology on globalisation, using SASOL Limited as a case study. It explores the concept of globalisation, driving factors, challenges, and recommendations for global businesses. The presentation also includes a PEST analysis of SASOL and references for further reading.
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Table of Content •Introduction •Concept of globalisation •Driving factors of globalisation •Impact of digital technology on globalisation •PEST analysis of SASOL •Challenges of globalisation •Recommendations •Conclusion •References
Introduction This presentation will discuss about SASOL limited which is a multinationalchemicalandenergycompany.Therespective organisation has its headquarters in South Africa. SASOL Limited is operating in many different countries such as Canada, Australia, etc. The main discussions in the presentation is the impact of digital technology on globalisation. Along with this, respective presentation will also study different factors that influence globalisation.
Concept of globalisation Globalisation can be described as a mean through which world is connected together. There have been a certain growth in globalisation from past few years with the help oftechnology, transportation and communication as well. On the basis of these kind of concept, an organisation can easily access their business approaches in different countries. Globalisation has provided a platform to share ideas, trade and culture internationally.
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Driving factors of globalisation With the recent changes in market and business trends, globalisation has been playing a significant role in expansion and revenue earning of business of SASOL. However, there are few factors which influence globalisation. These are discussed below: •Advancement of Technology •Increasing customer Demands •High Competition
Impact of digital technology on globalisation Digital technology has played a major role in facilitating globalisation. It has helped SASOL in many aspect such as transportation facilities, communication technology, information technology, etc. Thus, to have abetterunderstandingabouttheimpactofthesetechnologies,a discussion is mentioned below: •Transportation Technology •Communication Technology •Internet
PEST analysis of SASOL PEST analysis is a tool which helps in measuring the impact of macro environmentalfactorsonSASOLLimited.Itisfurtherdiscussed below: •Political Factor- SASOL is a chemical and gas company. Hence, it is important for the respective company is to follow all legal frameworks in order to smoothly run of business operations.
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Cont... •Economical Factor-SASOLplays a major role in growth of economy of Africa. As it is an international company with the total number of approx 30,000 employees (#74 Sasol, 2018). •SocialFactor-Thisfactorstudiesthecultureandlifestyle differences of customers living in different part of the world.
Cont... TechnologicalFactor-SASOLhasbeenoptingforvarietyof advanced methods to produce their range of products which helps having a competitive advantage from the rivalries. Addition to this, SASOLhasbeenpractisingothertoolsinordertooperatetheir business more efficiently such as internet, transportation advancements, etc.Itisessentialforcompanytoupdateandupgradedtheir technology and methods on regular basis so they can easily achieve desired goals and targets.
Challenges of globalisation There are various factors of globalisation which have a direct impact on operations and decision making of SASOL. These are price,currency exchange rate, legal regulations and many more. Thus, keeping these factors in mind, a discussion is given below: •Changing trends of Technology •Weak Growth of Economy
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Recommendations From the above discussion, it is to recommend that SASOL limited should plan certain strategies in order to avoid loss which are incurred from external environmental factors. •Similarly,therespectiveorganisationshouldfollowallthe regulationsframeworkproposedbygovernmentofdifferent countries which will help in having a smooth global business in international market.
Cont... •Similarly, SASOL limited can benefit from digital technology by introducing Customer relation services which will help in managing the existing customers and provide a scope of future growth for respective firm.
Conclusion From the above discussion, it can be concluded that globalisation plays avitalroleingrowthandprofitabilityofrespectivecompany. Similarly, digital technology has a great contribution in globalisation of businesses.However,therearecertainfactorswhichinfluence globalisation of organisation in a positive as well as in negative manner.
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References •Botha,A.,Kourie,D.andSnyman,R.,2014.Copingwith continuouschangeinthebusinessenvironment:Knowledge management and knowledge management technology. Elsevier. •Wood, D. J. and et. al., 2015.Global Business Citizenship: A Transformative Framework for Ethics and Sustainable Capitalism: ATransformativeFrameworkforEthicsandSustainable Capitalism. Routledge.