Global Business Environment/Impact and Strategic Direction Table of Contents Table of Content 2
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Added on 2020-12-09
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The Mckinsey's 7 s model and the Hofstede model is also described under the study and the decision making styles with the global business environment faced by the company are mentioned in this report. The Mckinsey's 7 s model and the Hofstede model is also described under the study and the decision making styles with the global business environment faced by the company are mentioned in this report. The Mckinsey's 7 s model and the Hofsted
Global Business Environment/Impact and Strategic Direction Table of Contents Table of Content 2
Added on 2020-12-09
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Global businessenvironment/impact and strategicdirection
Table of contentTable of ContentsTable of content...............................................................................................................................2INTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................1P1. Key factors of cost, market, environment and competition which drive global business.1LO2..................................................................................................................................................3P3. Strategic challenges faced by global business..................................................................3LO3 .................................................................................................................................................6P3. Impact of globalisation on organisational governance, leadership, structure, culture andfunctions.................................................................................................................................6P4. Influences of ethical and sustainable factors of globalisation on organisational functions.8M3. Global market influences by applying theories and models in relation to organisationalstructure and culture...............................................................................................................9LO4. ................................................................................................................................................9P5. Different ways decision making can work effectively globally.......................................9P6. Various strategic expansion routes and their advantages and disadvantages.................10M4. Recommendations on overcoming the barriers in doing business globally..................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONGlobalisation is the process of international integration arising from the interchange of worldviews, products, ideas and other aspects of culture. The present study is based on Camecocompany which deals in generating the electricity and provides uranium across the globe. Furtherthe report describes the concept and driven factors of globalisation. It also explains about thepestle analysis of the organisation and the impact of globalisation on organisation's governance,culture and structure. The Mckinsey's 7 s model and the Hofstede model is also described underthe study and the decision making styles with the barriers faced by the company are mentioned inthis report.LO1P1. Key factors of cost, market, environment and competition which drive global business.There are many factors and drivers which drives the global business commerce and trade. Thosefactors helps in encouraging the global business by providing variety benefits which enhance theglobal business and encourage businessman to trade at international level.Cameco is uranium producer which also get benefits from different factors to expand tehirbusiness at inter national level. Some factors which helps in driving the globalisation are:-Cost- cost is the crucial and the useful drivers of business to leads towards the way ofglobalisation as costs of transportation including ocean shipping got reduces because ofcontainerisation, bulk shipping and various other efficiencies which ultimately leads to fall incost of ocean shipping which brings the price of the manufacturer country closer to price oif theexport market. Hence, it enhances the export of the goods in different countries which enhanceglobalisation.Market- the market drivers include some forces which compel customers to buy the product andpay for the services they receive. Trends of the market helps them to grow and develop. Themost common and important market drivers are demand by the consumers, government policiesand supply. Businesses evaluate what customers actually need and according to theirrequirements and demand, goods should produced and then supplies into the market as customershave increasingly knowledgeable regarding the products and they are willing to try thealternative foreign products. The people of the market which have different tastes and
preferences can also affect the business to trade at global level and to satisfy the customers needsand wants.Competition- as every business is affected with their competitors as competitors are able to takeoff their profit margin, to win over the competitors it is required by the Cameco to take thenecessary steps and make its business at global level by providing quality services in such a waythat they can attract more customers. Company generally find the ways through which they canwin over their competitors which leads business to drive towards the globalisation to expandtheir business and to create a strong brand value all over the world.Environment-globalisation is a n important concern for environment as every business is focusedtowards the activities of the Business sin direction of economically feasible and environmentalfriendly. As Cameco producing nuclear energy which has high demand in other countries as theywere not been able to produce such energies then Cameco being environmental feasible companyis providing the energy and power to nation country's well as in foreign countries as it increasethe profit margin of the company in addition to this satisfying the people of other countries alsoby benefiting the environment and focusing on the corporate social responsibility as well. tocontribute towards the environment Cameco business start developing the energies which isenvironmental friendly and doses not harming The environment which leads to its demand indifferent countries of the world and hence brings business towards the globalisation and help indevelopable the business at global level.The impact of key factors on global business environment in terms of the benefits andopportunities.The key factors including costs, market, environment and competition have a greatimpact of globalization somewhere it helps business to grow and develop at global level as wellas challenge for the business to act on global level.Benefit of factors on global business environmentAs cost of transportation and shipping reduces which leads the business to export their productsand services to different countries which help them in expanding their businessMarket factors benefited the global business as Cameco is fulfilling the demand of the foreigncustomers by providing them the services according to their needs and wants which resulted inincreasing demand of Cameco products and services in international market and hence marketshare of company increases at global level.Competition leads the business to produce moreefficient goods and services to satisfy the customers in such a way that they can win over their
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