Global Business Environment

This presentation discusses the key factors, challenges, and opportunities in the global business environment. It covers topics such as globalization, key factors driving commerce and trade, the impact of digital technology, PESTLE analysis, strategic challenges, and recommendations. Find study material on Desklib for a deeper understanding of the subject.

TABLE OF CONTENT
INTRODUCTION
Key factors related to cost, market, environment and
competitions that drive global commerce
Impact of key factors under global business environment
in terms of their challenges and opportunity
PESTLE Analysis
Evaluate strategic challenges
Recommendation to overcome these challenges
CONCLUSION
REFERENCES

GLOBAL BUSINESS ENVIRONMENT

INTRODUCTION
International business environment which may be
described that functional environment or socio cultural
environment which is impacted by international influences.
These influences such as labor market, technical forces,
competitiveness, rules and regulation laws and many
characteristics which is related to forces of international
(Assadi, 2021).

GLOBALIZATION
Globalization defines that growing interdependence of
culture in populations in which are trade of goods and
services and technology flow of investments to other
countries.
It is important for businesses that they can lead global
culture, political, economic due to increase their demand
and Hi-Tech industries around globe and have a huge
profits working.

KEY FACTORS TO DRIVE GLOBAL
COMMERCE AND TRADE
Market factor: During this time, it can be noticed that
national economy has should be approaches that they can
enabling their businesses to extend some activities of a
worldwide.
Cost factor: It is definitely clear that all living expenses are
different per country to be determined volume of sales,
resources, output and technologies (Cavallo, Ghezzi and
Guzmán, 2019).

CONTINUE…
Environment factor: It should be defined that they should
be related to same environment in businesses and perform
several operations are functions that have two important
impacts on globalization which is PESTLE analysis.
Competition factor: There is a huge competition from
different country to country and there are various tasks to
be performed in international market (Eren, Taspinar and
Gokmenoglu, 2019).

IMPACT OF DIGITAL TECHNOLOGY FOR
GLOBALIZING
Various consequences are arises about their technology is
and many firms are increment their income through this
technology is globalization and efficiently are able to
rapidly rate. It is a more essential factors that technology
advancement in business organization to increase their
overall economy and generating more and more income in
their marketplace.

CRITICAL ANALYSIS
From the above analysis, key factors which is related to
global business environment that can impact operation of
business organizations. SASOL limited firm are enable to
suitably examine or study whole market condition in their
marketplace and it will be capable to examine all rules and
regulations related to their business procedures is become
much more effective.

PESTLE ANALYSIS
It is a Framework or a strategic approach that they can
determine all external and macro environmental factors
which may affect directly in UK business organizations
to provide opportunities and threats as well as their
internal business organizations.
Political
 Economic factors
 Social factor
 Environmental
 Technological
 Legal

EVALUATE STRATEGIC CHALLENGES
It is to be critically analyzed that SASOL limited faced
many challenges and difficulties to develop their many
product or services for handling many risk and
diversification in their products through globalization
(Howard, Hopkinson and Miemczyk, 2019).

RECOMMENDATIONS TO OVERCOME THE
CHALLENGES
Some firms face many challenges to overcome due to
extend their businesses and recommendation of SASOL
limited to align or merger with other acquisition that will
help to maintain their employment and other taxes in a
particular nation (Hsieh and Wu, 2019).

CONCLUSION
As per above information, it has been concluded that global
business strategy for firms are enable those organization
who have extend their business into a new foreign market to
get more opportunity to grow into their sales and profits.

REFERENCES
 Assadi, D., 2021
 Andriana, N., Amar, S. and Aimon, H., 2019
 Ferraro, G. P., 2021
 Cavallo, A., Ghezzi, A. and Guzmán, B. V. R., 2019
 Gelderblom, O. and Trivellato, F., 2019

CONTINUE…
 Eren, B. M., Taspinar, N. and Gokmenoglu, K. K., 2019
 Hsieh, Y. J. and Wu, Y. J., 2019
 Kumar, R., Singh, K. and Jain, S. K., 2020
Hite, K. A. and Seitz, J. L., 2021

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