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The Global Business Environment - Assignment

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Added on  2019-10-16

The Global Business Environment - Assignment

   Added on 2019-10-16

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Global Business Environment1
The Global Business Environment - Assignment_1
Table of ContentsIntroduction................................................................................................................................3Driving factors of Globalization................................................................................................3The driving factors of globalization include:.............................................................................3PESTEL analysis for the organization.......................................................................................4Effects of Globalization on Business.........................................................................................6Solutions to challenges...............................................................................................................8Structure, Culture and Governance............................................................................................9Recommended routes of Entry.................................................................................................11References................................................................................................................................122
The Global Business Environment - Assignment_2
IntroductionThe entire assignment talks about the globalization in the business environment and forunderstanding the concepts of the Globalization process, a company called Good TastesLimited is chosen. Good tastes limited are a food manufacturing company offering its surplusamount of food services to all its customers. With the revolution in 1990, the Good Taste Limited offers products like soups and otherliquid foods which proves delicious and satisfies the tasty tongues of the customers. TheGood taste company focuses on satisfying the customers by offering them the reliableservices. The organization has beaten the kitchens in Cuisine by offering the non-vegetarianfoods and meals. The food industry supplies the variety of delicious foods and the cookingingredients both to the customers and the chain of the hotels. The major success of thebusiness was due to the effective global operations which made them to expand their businessinternationally. The report helps in outlining ideas for the organization to expand its businessfrom Hong Kong to other markets in order to achieve the international marketing. The reporttalks about the challenges faced by the company while entering into the new market. Driving factors of GlobalizationThe driving factors of globalization include:a)Technological advancement.b)International trade.c)International investment.Technological advancement is one of the most important factors which help in theglobalization process. The technological advancements in the food industry include the newrefrigeration techniques which help in the preservation of the liquid foods and vegetables.Technological advancement involves the introduction of new and innovative technologieswhich helps in achieving the goals of the organization. The technological advancements helpthe organizations in order to expand the global business. The advancements start from the3
The Global Business Environment - Assignment_3
invention of the new project, development, inclusion of innovative ideas, and finally theentire delivery of the project (Salvatore, 2015). International trade helps the organization to open up multiple channels which helps in theexpansion of the business. International trade helps in promoting the business and helps inexpansion of the business across several countries. In order to achieve the international trade,the organizations have to make changes in the international business activities which startfrom the supply chain management process to the final delivery of the product to thecustomers (Hamilton and Webster, 2018). The Good Taste Limited organization wasinvolved in the international import and the export activities where the food is supplied toseveral countries and a maximum number of customers are reached. International investment is the process in which the global organizations invest their moneyto carry out the international trade operations. The investment should be in a planned mannerso that the allocation of the resources is done in a planned manner to achieve the businessobjectives. The resources are in the form of human and the financial resources and they areallocated in a planned way (Nohria, 2017). In the case of the allocation of the humanresources, the human resources are allotted on several departments in order to ensure thecollective and collaborative work to achieve the goals of the organization. The humanresource allocation process begins with the recruitment of the skillful employees andemploying them to get the work done by them. It is the responsibility of the human resourcemanager to allocate the human resources in an effective way so that the work is allotted to theright people at the right time to achieve the business goals. In the case of the financialresource allocation, the organization plans on the investment of the financial resources andallocates them in the right manner to achieve the business goals. The financial resourceallocation includes the allocation of the financial resources on different functionaldepartments like planning, development, production, and the supply units (Hamilton andWebster, 2018). PESTEL analysis for the organizationPolitical: The political factors prevailing in the country can directly affect the food industryof Good Taste Ltd. If the political power of the nation is high and the entire nation is underthe control of the political parties, then one can say that they can have influence over the foodimport and export. Further if there is a political unrest or change of policies it would affect4
The Global Business Environment - Assignment_4

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