Impact and Strategic Direction

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Added on 2020-10-05

Impact and Strategic Direction

Added on 2020-10-05

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Impact AndStrategic Direction

Table of ContentsINTRODUCTION...........................................................................................................................4MAIN BODY...................................................................................................................................4LO 1.................................................................................................................................................4Key factors of cost, market, environment and competition that drives global commerce andtrade.............................................................................................................................................4LO 2.................................................................................................................................................6Complexities of strategic challenges faced by organisation while operating in globalenvironment.................................................................................................................................6LO 3.................................................................................................................................................7Influences of globalisation on organisational governance, leadership, structure, culture andfunctions......................................................................................................................................7Influences of ethical and sustainable globalisation on organisational functions........................8LO 4.................................................................................................................................................9Different ways decision making works effectively in global context.........................................9Articulating various routes to internationalisation and its key berries........................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11

INTRODUCTIONGlobalisation refers to the process through which business organisations develops international influences and start operating in international markets (Amah, 2019). Strategic planning is the long term planning which focuses on future conditions and achievements. CAMECO is a fast growing energy and chemical corporation which is based in Saskatoon, Saskatchewan, South Africa. It is the largest publicly traded uranium organisation which provides uranium fuel that is needed for generating reliable and clean baseload electricity across the world. This company has expanded into various international markets including Canada, Australia, Mozambique and Gabon. In the present report, key factors that drives globalisation areexplained in brief and also key challenges which creates while operating in the global markets. Further influences of globalisation on the organisational governance and structure, leadership, function and culture is given in brief. The report also provides details for evaluation of different ways decision making works within the global context. MAIN BODYLO 1Key factors of cost, market, environment and competition that drives global commerce and tradeCameco aims at operating in international markets and following are given thedescription of factors that drive globalisation and global trade (Bourn, 2018).Environmental factorsPolitical factors: This factor leads to bring significant influences and changes in thebusiness. Importance of industrial metals and minerals sector in specific country's economy mayattract Cameco to operate in and thus acts as a driver of globalisation. Favoured trading partnersin foreign country, effective pricing regulations, lowest level of corruption, wage legislation,product labelling or other requirements may acts a driver of global trade and commerce forCameco. Economic factors: Inflation rate, interest rate, foreign exchange rate or economic cycleare considered as the economic factors that may lead to bring influences on the business. Camecocan get influenced with the economic factors of a country to forecast development and growth.For example, fast growth rate of country, industrial metal and minerals industry growth rate,spending power of customers, business cycle stage, labour cost of economy and effectiveness

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