(solved) Unit 18: Global Business Environment
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Added on 2020-12-09
(solved) Unit 18: Global Business Environment
Added on 2020-12-09
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Unit 18: Global BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................11. Critically analysis the impact of key factors such as cost, market, environment andcompetition on the global business environment in term of benefits and challenges.................1ACTIVITY 2....................................................................................................................................22. Critically analysis the strategic challenges faced by Siemens and other organisations inrelevance with risk and impact of international trade law, complexities of the internationalsupply chain management...........................................................................................................2ACTIVITY 3....................................................................................................................................43. Critically evaluate global market influences on Siemens and other organisation whichtheory and model.........................................................................................................................4ACTIVITY 4....................................................................................................................................84. Critically evaluate influence of globalisation on Siemens and other organisations byanalysing key barriers to do business internationally and make recommendations to overcome.....................................................................................................................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONOperating business at global level aids in raising market share, reducing costs and gainingcompetitive outcomes. With the help of global businesses, goods produce at large scale ininternational market. Hence, international market helps to utilise resources in all over the worldand gain more profits and revenue (vom Brocke, Zelt and Schmiedel, 2016). Companies usefinancial and technological resources to expand business at global level. Present study based onSiemens AG which is electrical and electronics enterprise and its turnover is £53 billion. It ismulti-national company which operates in more than 190 nations. In order to focus on the present study, it covers critical analysis of impact of key factorssuch as cost, market, environment and competition. Furthermore, strategic challenges also assessthat faced by Siemens and other enterprise with identify relevant risks which impact oninternational trade law. Moreover, theories and models in organisational structure explainedwhich is relating to culture. ACTIVITY 11. Critically analysis the impact of key factors such as cost, market, environment andcompetition on the global business environment in term of benefits and challengesThere are several factors exists that create impact on enterprise In order to developbusiness operations in global business environment. They are as follows:Cost: In international trade, cost is one of the important element that create major impacton Siemens. This is because, it contains exchange of goods and services betweendifferent countries so that it consider several elements that contribute major part to gainbenefits. Work remains to be done with trade costs which integrate nations completely.Benefit to the chosen company is they can gain competitive advantages in global trade.Foreign competition also helps to reduce price for consumers (Blevins, Moschieri andRagozzino, 2016). However, cost of living is also disadvantage in the country to leadwith international market. For instance, lack of cost create negative impact on thebusiness operations and it influences negatively. At global level, the chosen businessneed to place more cost investment to gain benefits. Market: As critical evaluation, market provide place where Siemens can perform theirfunctions and operations. Economic growth for reduce poverty in the country also1
implemented which imposed and analysed impact of new tariffs in developing nations. Inthe UK, Siemens consider new global strategy so that all activities determines to callupon potential growth. Hence, it requires more products and services that can be suppliedin the country. Benefit of this factor is that country can meet with local people needs.However, more investment required and expenses incurred within the nation (Cavusgiland Knight, 2015). In UK, trade relatively unharmed so that cheaper imports and exportspositively influence to the industry. As a result, the country can secure deal with otherbusinesses. Environment: In the UK environment, Siemens established with accomplishment ofmore targets for growth and profits. Hence, it is the best to understanding local needs andculture. Siemens operates in the country with 30 businesses so that profitability andgrowth of the enterprise continuously growing. On the other hand, in Siemens groupincreasing number of businesses enhance competition. Therefore, it is one of the majorchallenge in front of the business (Baller, Dutta and Lanvin, 2016). Competition: Within the UK, high competition exists which create major impact onSiemens. The company has established global centres of excellence which serve forspecialist needs in entire group. They are also work with full spectrum so that productsand services of the business offered by another elsewhere. The chosen organisation hasmain aim to rich towards global market so that deliver in overall group helps to meet withown customers' demand and requirements (Arvis, Ojala and Kiiski, 2018). For instance,General electric, 3M, Phillips, etc. ACTIVITY 22. Critically analysis the strategic challenges faced by Siemens and other organisations inrelevance with risk and impact of international trade law, complexities of the internationalsupply chain managementIn international environment, Siemens may face several challenges and risks which mayimpact on trade and outcomes. Complexity also increases with international supply chainmanagement that reduce effectiveness of the enterprise. Strategic challenges can be define aspressures which exert and decisive influence to gain future success. Siemens has occurs severalproblems that create major impact on its functions and operations (Lewis, Gertsakis and2
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