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(PDF) Drivers of Globalization

   

Added on  2020-12-24

15 Pages4915 Words428 Views
Leadership ManagementProfessional DevelopmentEnvironmental ScienceEconomicsPolitical Science
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DRIVERS ANDCHALLENGES FORGLOBALISATION
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Table of ContentsINTRODUCTION...........................................................................................................................2TASK 1............................................................................................................................................21. An introduction to the concept of globalisation.................................................................22. Driving factors of globalisation..........................................................................................23. Significant impact of digital technology upon globalisation..............................................44. PESTLE analysis of SASOL Limited................................................................................55. Challenges of globalisation for SASOL Limited...............................................................76. Recommendation to overcome the challenges...................................................................8TASK 2............................................................................................................................................91. Structure, Culture and Governance of SASOL Limited.....................................................92. Influence of globalisation on organisational governance, leadership, structure, culture andfunctions...............................................................................................................................103. Ethical and Sustainable factors that has to consider by the organisation in global market104. Assessing how Ethical and Sustainable factors affect decision making in global context115. Advantage and Disadvantage of strategic expansion:......................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................131
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INTRODUCTIONGlobalisation can be defined as growth to a global or worldwide scale. The chosenorganisation in the report on 'Drivers and Challenges of Globalisation' is SASOL Limited, a fastgrowing energy, oil and chemical company. It is based in South Africa. The study will made intwo parts. The first part will present the concept of globalisation and explain driving factors ofglobalisation. The significant impact of digital technology will also evaluate. PESTLE analysisof the organisation and challenges of globalisation will present with practical examples. Lastlythe study will cover the necessary recommendation to overcome the challenges.The second part will evaluate how globalisation influence the governance, culture,structure and functions of Sasol as well as it will also analyse influence of ethical and sustainableglobalisation on the functions of the company. Lastly the report assess the best strategicexpansion routes that was taken by the organisation including its advantage and disadvantage.TASK 11. An introduction to the concept of globalisationConcept of globalisationGlobalisation is a term that defines the growing interdependence of the economies,cultures and population of the world, brought by cross-border trade in service and goods. In otherword globalisation is the spread of goods, technologies, information across the border of nationand culture. It deals with the increasing breakdown the barriers of trade and integration of globalmarket. It is an ever changing element that pressured by international environment and factors.2. Driving factors of globalisationTechnologyTechnology shaped and set the foundation for modern globalisation, thus, faster andcheaper technological advancement in the digital global economy of the internet era has brokenthe national barrier and encourage global business as well as e-commerce. It allows integrationof national market with ease. The technological advancement has led to growth of differentsectors of economies throughout the world. Inventions in the area of telecommunication andmicroprocessors allow effective communication at low cost.Technological factor can be apositive driver or may be a negative barrier in the globalisation of Sasol. They need to improvetheir transportation technology, allow communication to effectively being the global market2
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