Global Business Environment Analysis: Sasol and Globalization Issues

This report analyzes the global business environment, focusing on a case study of Sasol. It begins with an overview of globalization, including its drivers and impacts. The report then explores the challenges associated with globalization, such as Western dominance and the loss of cultural identity, offering potential solutions like fostering skill development in less developed countries. A PESTEL analysis is conducted to assess the political, economic, social, technological, environmental, and legal factors influencing Sasol. The report concludes with recommendations and is supported by references using the Harvard referencing system, making it a comprehensive analysis of global business dynamics and their implications for a specific company.

Title
 Globalization Concept and Challenges It presents to Organizations

Definition
 -Globalization is basically the ease of interaction between people across
the globe
 Type of globalization include; political, cultural and economic
globalization

Driving forces in globalization
 Globalization driving forces;
 digital communication
 lower transportation costs
 lower trade barriers
 technological advancement and taste diversity

Impact of digital technology on
globalization
 Globalization impacts;
 low cost of communication and transportation
 introduction of knowledge trade products
 development of a global village
 ease in sharing of ideas and information

PESTEL ANALYSIS FOR SASOL
LIMITED
POLITICAL Geopolitical and escalating trade tensions- trade war between USA
and China could affect the oil industry

PESTEL ANALYSIS FOR SASOL
LIMITED
ECONOMIC Global Oil and Energy Market volatility

PESTEL ANALYSIS FOR SASOL
LIMITED
SOCIAL Population growth increasing demand
 Increase in the preference of the sources of energy that are
sustainable

PESTEL ANALYSIS FOR SASOL
LIMITED
SOCIAL Sasol Khanyisa creating economic empowerment for the marginalized
and disadvantaged

PESTEL ANALYSIS FOR SASOL
LIMITED
TECHNOLOGICAL The petrochemical industry digital transformartion
 Advancements in the R & D technologies

PESTEL ANALYSIS FOR SASOL
LIMITED
LEGAL
 Workers Union Strike
 Strike against Sasol’s scheme of black share
 White workers feel alienated
 The scheme of black share is against the 2002 mining charter

PESTEL ANALYSIS FOR SASOL
LIMITED
ENVIRONMENTAL
 Increasing investments in gas as opposed to coal-to-liquid
 Active engagement with regulatory authorities and other
stakeholders in compliance

Challenges Of Globalization: Sasol
 Challenges;
 Western dominance,
 Job mobility
 Loss of cultural identity

Recommendations to the challenges
of globalization
 Recommendations
 Increase skill capacity in less developed countries
 Empower developing countries to be independent

References
 Baylis, J., Owens, P. and Smith, S. eds., 2017. The globalization of
world politics: an introduction to international relations. Oxford
University Press.
 Pieterse, J.N., 2019. Globalization and culture: Global mélange.
Rowman & Littlefield Publishers.
 Milanovic, B., 2016. Global inequality: A new approach for the age of
globalization. Harvard University Press.
 Sasol.com. (2019). Sasol | Global integrated chemicals and energy
company. [online] Available at: https://www.sasol.com/ [Accessed 23
Aug. 2019].

Thank You!