Globalization: Key Driving Factors, Impacts of Digital Technology, and Challenges for SASOL

Globalization
PART 1

TABLE OF CONTENT
 INTRODUCTION
 Concept of globalization
 PESTEL analysis
 Key driving factors of globalization
 Impacts of digital technology upon globalization
 Challenges and complexities globalization brings to SASOL
 Recommendations to deal with such challenges
 CONCLUSION

INTRODUCTION
 In today's business world, Globalisation plays a vital role in the success of business,
basically it is a term which is used to describe about how technology, new ideas and trade
have made the world into a more connected place.
 The presentation will be based on SASOL limited which is one of the fastest growing
energy and chemical company situated in London. Its head office is established in Cape
Town South Africa.
 SASOL has good presence in different locations such as New York, Australia, Gabon and
Frankfurt.
 The company always believe in expansion of its business especially in international
markets. The firm focus on continuous improvement, so they decide to expand its business.

Concept of globalization
 To be successful in this competitive world, every business needs to make their presence
globally, this is what globalization says.
 The concept of globalization is all about the interconnectedness of businesses, processes,
people all across the world that eventually leads to global economic, cultural and political
integration.
 With the expansion of business the company can easily able to communicate all over the
world.
 In short, globalization is all about ability of business to communicate and move easily with
other people all over the world in order to conduct the operations of business, activities
relating to it at global level in different locations.
 With the increase in globalization, companies are able to offer products or services at
reasonable price to consumers.