Global Business Environment

Global Business Environment

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
LO1..................................................................................................................................................3
P1: Driving Factors of Globalization...........................................................................................3
LO2..................................................................................................................................................4
P2: PESTLE Analysis of the Macro Environment......................................................................4
LO3..................................................................................................................................................5
P3: Influences of Globalization...................................................................................................5
P4: Hofstede's Dimensions of Culture.........................................................................................6
LO4..................................................................................................................................................7
P5: Different Ways Decision-Making.........................................................................................7
P6: Strategies for Internationalization.........................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Global business environment refers the environment of businesses in different countries.
In which businesses are affected by the international or global environment. All actions which
are conducting at the global level, they all are impacting to that businesses which are running at
the international level. All natural calamities, government guidelines and new innovations in the
world are influencing to each business which are implemented their business activities in the
different areas of the world. Globalization is the interaction and integration process within
people, businesses, governments worldwide. It is providing facility to all local elements to build
their relations at international level. Many local companies are able to start their business
activities in the other country's market with the help of globalization. Globalization of the
business environment has their own rules and regulations to operate this term in systematic way.
Global business environment are helps to spread new technology, products, innovations, and jobs
across national borders. It includes key factors of the globalization which are impact SASOL
Limited during their business expansion.
LO1
LO2
Covered in the PPT.
LO3
P3: Influences of Globalization
It includes McKinsey 7S model which describes influences of the globalization on
company's structure, culture and governance.
1. Strategy : Company need to make a strong business strategy during expansion of their
business in the Netherlands. This is the responsibility of the company to hire some highly
qualified professionals to make an effective strategy to run business activities in this new
country.
2. Structure : Company also need to make their organizational structure some systematic to
jump in a new market (Hang, 2016). Improved version of the company structure are helps
to the company to get attention of the customers in the new market.