Unit 18 – Global Business Environment Assignment

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Unit 18 – GlobalBusiness Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Key factors of cost, market, environment and competition...................................................1TASK 2............................................................................................................................................3P2. Strategic challenges...............................................................................................................3TASK 3............................................................................................................................................5P3. Influence of globalisation.....................................................................................................5P4.Ethical and sustainable globalisation......................................................................................8TASK 4............................................................................................................................................8P5. Different ways decision making can work effectively..........................................................8P6. Routes to internationalisation along with barriers.................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness environment encompasses all the factors associated with internal as well asexternal environment that influences working of any organisation in different situation(Woerkom and Zeijl-Rozema, 2017). Global business environment includes environmentalfactors of different countries where two or more business entities performs their operationstogether on order to achieve mutual profits through exchanging products, services, informationtechnology, culture and so on that results in raising living standards of society and faster decisionmaking for improving economy of nation. To understand the concept of global businessenvironment, SASOL Limited is selected. The chosen organisation performs operations inenergy and chemical sector has expanded the business in various countries such as Gabon,Mozambique, Australia and Canada along with this various provisions are formulated to expandthe business soon in different other countries. The present report discusses about key factorswhich drive global commerce as well as trade, strategic challenges, ways in which global marketinfluences structure, culture and functions of organisation, influence of globalisation onorganisational decision making as well as strategy,. It also includes various routes tointernationalisation along with key barriers.TASK 1P1. Keyfactors of cost, market, environment and competition.Concept of globalisation: Globalisation involves integration along with interactionamong individuals, businesses as well as government worldwide. It is considered as multifacetedphenomenon that helps in boosting economic growth of multiple nations. This concept hasgrown because of advancements in communication as well as transportation technology thatresulted in massive growth of international culture, ideas along with trade(Kannothra, Manningand Haigh, 2018). The effects of globalisation as seen in developing as well as under developedcountry which influences educational technology along with investment standards in positivemanner. On the other hand, the majornegative impacts are visible in richest countries as the keyresources of developed country are used for the growth of different countries.Key or driving factors:There are various factors that plays major role in carrying outoperations in effective manner that helps in sustaining in competitive market for longer timeperiod. Some of the key factors that drives global commerce along with trade are as follows:1
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