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Global Business Environment Assignment Solved - SASOL Limited

   

Added on  2020-12-10

10 Pages3353 Words295 Views
GLOBAL BUSINESSESENVIRONMENT
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Table of ContentsINTRODUCTION...........................................................................................................................1P1: The main key factors of market, cost, environment and competition in order to driveglobal trade and commerce.........................................................................................................1TASK 2............................................................................................................................................3P2. Strategic challenges faced by organisation while operating in global environment............3TASK 3............................................................................................................................................4P3. Causes of globalisation on organisational governance and leadership, structure, cultureand functions...............................................................................................................................4P4. Effects of ethical and sustainable globalisation on organisational functions.......................5P5. Various ways through which decision making can work effectively in global context.......6P6. Assorted routes to internationalisation which can adopt by organisation, including keybarriers.........................................................................................................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8.........................................................................................................................................................8INTRODUCTIONThe global business environment is referred as the overall environment in varioussovereign countries along with the exogenous factors to home environment of the organisation
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that directly in indirectly influence decision making on resource uses and capabilities. The globalbusiness environment can be classified into two different categories which mainly includesexternal as well as internal environment (Apăvăloaie, 2014). The main issues that faced byglobal business are entirely different in compare with the domestic firms. There are many factorsthat includes political, economic and legal infrastructure of different countries that affect theoverall global business environment. This report mainly covers about the SASOL Limited whichis one of the fastest growing energy and chemical organisations that is South Africa based andexpanded their businesses in various countries which includes Canada, Gabon, Australia andMozambique. This report mainly covers about the key factors of cost, environment and marketthat directly drive global commerce and trade. This report covers about the strategic challengesand the influences of globalisation on organisational governance, leadership, structure, cultureand functions. This report also emphasis on the influence of globalisation in decision making andstrategy.P1: The main key factors of market, cost, environment and competition in order to drive globaltrade and commerceGlobal environment plays very crucial role in order to understand the overall scenario ofthe organisation to expand the business world wide. Whenever organisations tries to run andexpand the business in a new geographical region they faces various problems that are related tobarriers, taxes and competitors legislations. In order to drive global trade and commerce, it iscrucial to emphasis on the key factors of cost, market, environment and competition to gaincompetitive advantage. This factors directly and indirectly affect the reputation and profitabilityof a firm. In context with SASOL Limited, it is really very crucial for the managers to analysiskey factors of market, cost, competition to expand the business world wide. Some of theelements are discussed below:Competition: Competition act as one the main element that should be undertaken inappropriate manner by the SASOL Limited while expanding their business worldwide.Competitors of the organisation directly and indirectly affect the productivity and profitability. Itis important for the organisation to analysis the competitive products in the market along withthe advance technology that is adopted by the competitors. Through this analysis it becomesvery easy for the top management authorises of the organisation to take beneficial actions anddecision in order to enhance their performance and attain competitive advantage in order to
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