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Impact of Strategic Planning Processes Assignment

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Added on  2020-10-22

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Analyze key factors of cost, market, environment, and competition that drive global commerce and trade. Explain the complexity of strategic challenges faced by organisation when operating in a global environment using specific examples. Evaluate the influences of globalization on governance and leadership, structure, culture, and functions There are various driving factors of globalization in CAMECO which are described. Also, we evaluate the influences of ethical and sustainable globalization on organizational functions. The "global business environment of Cameco" would be explained well later.

Impact of Strategic Planning Processes Assignment

   Added on 2020-10-22

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Impact And StrategicDirection
Impact of Strategic Planning Processes Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Analyse key factors of cost, market, environment and competition that drive globalcommerce and trade....................................................................................................................3TASK 2............................................................................................................................................5P2 Explain complexity of strategic challenges faced by organisation when operating in aglobal environment using specific examples..............................................................................5TASK 3............................................................................................................................................7P3 Evaluate the influences of globalisation on governance and leadership, structure, cultureand functions...............................................................................................................................7P4 Evaluate the influences of ethical and sustainable globalisation on organisational functions.....................................................................................................................................................9TASK 4..........................................................................................................................................10P5 Evaluate the different ways decision making can work effectively in a global context......10P6 Determine and articulate the various routes to internationalisation and organisation mayadopt including key barriers......................................................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
Impact of Strategic Planning Processes Assignment_2
INTRODUCTIONGlobal business environment is defined as situation in various sovereign countries havingfactors exogenous that is to home environment of enterprise which helps in influencing decisionmaking on capabilities and use of resources (Alkhafaji and Nelson, 2013). For runningoperations in global market, it is important to have proper strategies. Strategic direction issignificant force in firm which establishes system for internal responsibilities where everydepartment and employees work. It is necessary to provide clear vision to each and everyworkers for objectives and purpose of company. This can impact business and its activities inglobal context which helps for achievement of goals and objectives. The given report is based onCAMECO which was founded in 1988 at South Africa by Neil McMillan and Tim Gitzel. It islargest company which produces Uranium that is 18% of world production. It is chemical andfast growing energy company that has expanded business in Canada, Australia, Gabon andMozambique. This report highlights key factors that drive globalisation and strategiccomplexities associated with operating in global environment. Also it covers operation of globalmarket influences organisation's structure, culture, functions and influence of globalisation ondecision making and strategy on organisations.TASK 1P1 Analyse key factors of cost, market, environment and competition that drive global commerceand tradeConcept of GlobalisationGlobalisation is procedure for integration and interaction among companies, people andcompanies globally. The markets where globalisation is common such as capital, credit,commodity, gold, oil and others (Amran, Lee and Devi, 2014). This has grown because ofincrease in communication and transportation technology, growth of culture, trade and ideas.Globalisation is interaction that is associated with cultural and social aspects. It involvesservices, goods, technology, resources of capital and data. There are various reasons due towhich globalisation took place. CAMECO has also grown through such phase as it helps inachieving goals and objective in effective and efficient manner. The increase of social media,transportation, communication, payment systems, financial products, and others leads to rise ofglobalisation in business and organisation.
Impact of Strategic Planning Processes Assignment_3
Driving factors of GlobalisationThere are various driving factors of globalisation in CAMECO which are described. Thefirst is cost where digital communication assist in lowering communication and transmittinginformation at CAMECO. The cost of shipping is declining because of bulk shipping,containerisation which helps in bringing prices in country of producer closer to price in exportmarket (Bititci, Cocca and Ates, 2016). The second is market where globalisation has bringdifferent markets into single. This can help CAMECO to deliver goods and services in giventime period. Globalisation take place in market where products are transferred from one toanother. According to market scenario, trade and commerce take place that impact globalisation.Third key factors is environment as it is dynamic where changes take place frequently.CAMECO has faced such issue with change in environment as it running business in changingmarket and environment. It is very essential to analyse environment and accordingly decisionshould be made. Trade and commerce took place in environment as increase in consumption ofproducts has impact ecological cycle which leads to put stress on surrounding. Lastly factor iscompetition that brings globalisation in market. It is very difficult for CAMECO to getcompetitive edge in market as there is frequent changes took place in global era. Because ofglobalisation, different organisations has entered into countries in order to expand market andshare.Significant impact of digital technology upon globalisationDigital technology means use of resources for effectively finding, creating, analysing,communicating and information in digital context. It includes use of programming tools,software applications and web tools. The digital technology has impacted globalisation becauseof advancement and growth and main forces for driving it. This compel enterprise to becomeglobal through help of increasing economies of scale and size of market. Digital technology hassignificantly reduces communication, transportation cost through out nations and facilitate forglobal source of inputs and raw materials (Cheng, Green and Ko, 2014). There is patenttechnology which encourage globalisation to own patent and exploit other foreign marketwithout competition. The emergence of digital technology leads to emergence of global villageand reduces barriers of place and time for dealing in organisation. With assist of digitaltechnology, seller and buyer can do business at any time and place. In earlier days, digitaltechnology was limited to place but with rise in globalisation it is required in every business and
Impact of Strategic Planning Processes Assignment_4

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