Global Business Environmental Introduction
Added on 2020-07-22
17 Pages5820 Words29 Views
GLOBAL BUSINESSENVIRONMENTAL
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different key factor are there which drive the global trade commerce.................................1TASK 2............................................................................................................................................3P2 Complex strategic challenge which is faced by firm in international market........................3TASK 3............................................................................................................................................5P3 Impact of globalisation within organisation..........................................................................5P4 Effect of ethical and sustainable globalisation on organisation operations...........................6TASK 4............................................................................................................................................8P5 Evaluate ways, decision making and can work effective in global manner..........................8P6 Ascertain the different path to internationalisation................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness environment is that which is a combination of different factor which impact onthe operational and functional action of entity. Moreover, every organisation needs to operatetheir business in international environment to achieve the high profitability and development ineffective manner although. Business environment is that which has both internal and externalfactor which affect the decision of company and strategy too (Adger and et. al., 2013). Hence,through research- market is analysed and examine different factors which affect business, so thatthey can look forward to expand their business operation and activities in other locations inbetter manner. The report is based on Natural Windows Ltd. Which provide the services relatedto windows and doors of wooden in London. Assignment will include various criteria likevarious key factors for global trade, different difficulty in strategic condition and several thingwhich is being faced by entity and although they have various factor and having direct affect onglobalisation too. TASK 1P1 Different key factor are there which drive the global trade commerce.Globalisation is such which enhance the interaction in between various peopleinternationally and level of transportation and communication also increases in great way.Globalisation involves exchange of various product and service, resources, capital with data andmethod too. Globalisation has increased an awake for many organisation to increase global tradeand commerce which do help them to enhance there business at global level and make them toattain there goals and objective even though it makes them to earn higher profits as well. Moreover there are various factors which does aid in providing the effective services inright context and also contribute in media sector. It is such which include various differentcomponents as cost, environment, market and having competition at the international trade andcommerce factor, although these all should be managed in better manner and needs to be used ineasier way and acquire result or outcome too (Arends, 2014). Those are some elements which describe as follow: Cost: It is being considered as the most essential part which does aid to increase invarious marketing activity and make firm to analyse as where they spend a high cost. Moreover,Cost of product is that which considered as the promotional tool and method that assist in1
developing in trust & loyalty among the customers. The management of Natural Windows Ltd. isthus liable for developing effective amount with its sell of goods and it also bring customerrelationship with their customers across the globe in great way. This will affect the global tradecommerce, as this help in increase of exchange between currency of different nations. Alongwith this, it help in increasing financial relationship between two nations. The cost is dividedinto two parts and those are as follows: Direct cost: It is that which is being determine and completely attributed in theproduction capacity of goods and services is known as direct cost. Indirect cost: Although the depreciation and various administrative expenses are thosewhich are difficult for assigning with specific product and services, consider the indirect cost too.Environment: It is being considered as important factor as because this affect the wholefunctioning of the organisation in great way. Hence, environment is segregated into two parts asinternal and external which does affect on company decision and strategy in effective way(Brouthers, 2013). In Natural Windows Ltd. research help them to bring proper solution toorganisation which reduce the impact of factor on business which are there from various cultureof different country. Those factors are as: Internal environment: Internal factor are those which directly exist in company whichinclude the employees, management, employers and investors as well. This is such whichmanage factor and also assist in affect on working form and although Natural Windows Ltd. hasan effective process and it has to control the firm and it can be easily managed with planning. External environment: It is considered as environmental factor which directly affect andmake an appropriate decision of entity. This is such that does include the PESTLE analysiswhich affect external factor on firm in any manner. So Natural Windows Ltd. need to be adoptedwith major rules and norms which is being made be the company government too. As healthy internal environment of organisation and good external environment of businessnation will encourage business to expand their business, so that their profitability can getincreased.Market: It is being considered as for the company and customer with which theyintroduce different product and services in the large market. In this factor, exchange of product isbeing done in form of cash which does help in building the strong relation in ease manner.Different country does have various market scenario and thus proper research can help company2
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