Global Business Environment (Global Business Environment) TABLE OF CONTENTS INTRODUCTION 1 MAIN BODY 1 LO11 a) Complexity of Strategic Challenges faced by an Organisation
Added on 2020-10-22
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Impact and strategic direction(Global BusinessEnvironment)
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1LO1..................................................................................................................................................1a) Key factors of cost, market, environment and competition to drive global commerce andtrade.............................................................................................................................................1LO2..................................................................................................................................................3a) Complexities of strategic challenges faced by an organisation on global level ofenvironment ................................................................................................................................3LO3..................................................................................................................................................6a) Evaluate the impact of globalisation on organisation governance and leadership, structure,culture and functions...................................................................................................................6b) Influences of ethical and sustainable globalisation on organisations functions.....................9LO4................................................................................................................................................10a) Different ways decision making impacts on global context.................................................10b) Key routes of internationalisation and its key barriers affecting performance of organisation...................................................................................................................................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONGlobalisation operations and measures that are been undertaken by an organisation thatwill help and organisation to perform its business on international level. It requires specificplanning’s and development of strategies. The proper analysis of the strategic planning of theoperations will help in effective growth and development of operations and gaining a goodcontrol over the business operations and this will help ion improving the performance oforganisation in a significant manner. Especially, the operations like globalisation will be deeplyinfluenced by the factors and other key drivers that may impact the performance of anorganisation. the globalisation operations will help in effective planning of operations whichassists an organisation to have an effect6ive growth and make suitable strategies for it. Thepresent report is presented in reference to South Africa based energy and chemical company,CAMECO.The report will lay an effective emphasis on the factors that impact cost, market,environmental and competitive factors that will help in proper planning of the global trade andcommerce. Besides this, strategic challenges faced by the organisation while operating in globalenvironment. Besides this, the impact of organisational governance, leadership, structuring,culture and function of the organisation with reference to ethical consideration. Also, differentways of decision making and key barriers of industrialisation are been analysed that will help theorganisation top effectively carry out the globalisation measures within organisation. MAIN BODYLO1a) Key factors of cost, market, environment and competition to drive global commerce and tradeGlobalisation is a practice undertaken by an organisation to carry out its operations andother business activities on international level. CAMECO will look after the proper planning ofthe operations that are been carried out within the organisation that will help in carrying out ofservices and business operations within multiple countries. The firm is required to look after thecosting, marketing and environmental factors that will help in carrying out of business operations(Chua, Roth and Lemoine, 2015). Some major key factors that are been undertaken by theorganisation for globalisation purpose are:Political: The political instability, Brexit and other governmental issues are certainfactors that can impact the performance of an organisation on a higher level. This will help in1
improving the quality of services that will help in proper rise in the operations and carrying outof the facilities and functions which will help in carrying out the service measures and thus,influences the performance of an organisation in a significant manner. Advantage of this factor isthat good and effective governmental support will help in carrying out of the operations thatleads to rise in carrying out of services by organisation. On the other hand, disadvantage is that itcan impact performance of an organisation in a negative way.Economic: The financial condition of a country, GDP, purchasing power of people andcosting of products are certain factors that are been undertaken in consideration by CAMECO.The biggest advantage of this factor is that it will help in proper planning of the services andthus, supports in effective assessment of the cost related operations that can influence therevenue generation of a firm. However, the negative factor is that financial factors like valuationof currency, Inflation rate and other factors will influence their performance and thus, can impactthe performance of an organisation in an adverse way. Purchasing power and currency valuationis lower in African countries as compared to other nations. Social: On the demographical level, CAMECO is operating in Africa, which is one of themost culturally rich regions. Hence, the firm is required to look after the varied needsrequirements of their buyers in different countries. Factors like innovations, CSR measures etccan be followed by the firm. The biggest advantage of this factor is that it supports theorganisation to get a loyal and targeted audience to develop their business strategies effectivelyand according to their demographical and cultural needs. On the other hand, the culturaldifference or restrictions for their services for example, chemical based products may lead tofailure of company’s structuring and business operations. Technological: For an energy and chemical based organisation like CAMECO,maintaining of technological factors are the most crucial and effective key factor that is requiredto look after. It will help in proper rise in the execution of operations and developing an effectiveinnovative product that will impact the sales of the organisation. The geographical condition ofAfrica supports the usage of solar and wind based energy that can prove out to be major businessopportunity for the firm. On the negative side, this can be said that these technological measuresrequire high end equipments that require constant maintenance and back up support. Also, not allthe company will readily implement these tools or techniques, affecting business of theorganisation.2
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