This presentation provides an overview of the drivers and challenges of globalization, focusing on its impact on the global business environment. It begins with a PESTLE analysis to illustrate the broader global influences on businesses like SASOL, followed by a discussion of key driving factors such as cultural exchange, technological advancements, reduction in trade barriers, increased consumer demand, heightened competition, and growth strategies of multinational organizations. The presentation also examines the impact of digital technology on globalization, highlighting reduced transportation and communication costs, the emergence of a global village, and fewer cultural barriers. Furthermore, it addresses the challenges and complexities of globalization, including international recruiting, managing employee immigration, incurring tariffs and export fees, and payroll and compliance issues. The presentation concludes with recommendations on how organizations can overcome these challenges, such as creating thorough interview plans and analyzing market demands for salaries and benefits. It emphasizes that globalization is characterized by the growing interdependence of economies, cultures, and populations through cross-border trade, technology, and the flow of investment and information. The presentation references academic sources to support its analysis.
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