CAMECO's Global Business Environment: A Comprehensive Analysis Report

This report provides a comprehensive analysis of CAMECO's global business environment, covering key factors such as cost, market, environment, and competition. It delves into the complexities organizations face when operating internationally, including the impact of globalization on governance, leadership, structure, culture, and functions. The report also evaluates the influence of ethical and sustainable globalization on departmental functions, exploring various decision-making approaches relevant in a global context, and examining different routes for internationalization with their associated barriers. The analysis includes the application of models like McKinsey's 7-S and Hofstede's cultural dimensions to understand CAMECO's strategic positioning and the ethical considerations, such as corporate social responsibility, fair treatment of employees, sustainable manufacturing practices, and ethical product/service considerations, that shape its operations. The report further discusses strategic expansion routes like franchising and joint ventures, providing a holistic view of CAMECO's global strategy and challenges.

GLOBAL BUSINESS
ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Key factors of cost, market, environment and competition that helps in global commerce
and trade......................................................................................................................................1
TASK 2............................................................................................................................................3
P2 Complexity faced by organisation when they operate at international level.........................3
TASK 3............................................................................................................................................6
P3 Influence of globalisation on organisational governance, leadership, structure, culture and
functions......................................................................................................................................6
P4 Evaluation of influence of ethical and sustainable globalisation on departmental functions 8
TASK 4............................................................................................................................................9
P5 Different ways of decision making which is relevant in global environment.......................9
P6 Various routes for internationalisation which organisation can adopt with their barriers...10
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Globalisation business environment is formed with three words i.e. global, business,
environment. Global refers to working outside the geographical region. Business refers to the
activity where goods and services are performed in order to exchange in lieu of money. While
environment refers to external component of surroundings. Hence global business environment
refers to the elements which are important and reliable to perform business activities at
international level. Global business environment is sharing of business elements which is
significant for pursuing business activities according to external environment. While conducting
business operations at international level, it is important to consider them this helps to perform
business activities in more effective and reliable manner (Apăvăloaie, 2014). There is difference
in working policies of an organisation at national and inter national level.
This report is based on “CAMECO” which is largest Uranium publicly corporation. In
2015, this organisation is considered as second largest Uranium producer. This association has
head quarter in Canada. In this report, there is discussion about key factors of globalisation,
complexities associated with operating at international market, impact of global market which
influence organisation's structure, culture, functions and influence of globalisation on decision
making.
TASK 1
P1 Key factors of cost, market, environment and competition that helps in global commerce and
trade
1

2

3

TASK 2
P2 Complexity faced by organisation when they operate at international level
4

5

6

7

8

TASK 3
P3 Influence of globalisation on organisational governance, leadership, structure, culture and
functions
McKinsey's Model:
The following model can be applied in an organisation for various purposes such as for
making improvement in the current ways of working of the company. The following model
considers on seven interdependent factors which are discussed as under:
Strategy: It can be defined as the plan which is used in order to maintain and build competitive
advantage over the competitors.
Structure: It is the reporting system of an organisation which it is following such as specifying
the manager from whom an individual will take orders, follow them and also report the same to
them.
Systems: These are the daily activities which the employees are doing in order to complete their
daily job with which they are provided with.
Shared Values: These are the core values of the company which it follows in the corporate
culture and general work ethic.
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Style: The leadership style which his adopted by the managers of the company.
Staff: These includes the staff of the company and their general capabilities (Doh, McGuire and
Ozaki, 2015).
Skills: This factor defines about the competencies and abilities of the employees working in the
company.
Application of this model in CAMECO will help in gaining competitive advantage and
adopt the changes taking place in the global environment.
The board of CAMECO seeks to make the business as successful one by making
optimum utilisation of resources, and making long term financial returns and increasing the
corporation's value by maintaining the governance framework properly.
Globalisation impacts upon the structure, leadership, culture and function of an
CAMECO as due to new environment and new rules and regulations of different places it is
necessary to make changes in the working of the company so as to make the business free from
government intervention.
Hofstede's Six Dimensions of Culture
This is the model which was propounded by Psychologist Dr Geert Hofstede in 1970.
there are six dimensions of culture which has to be followed by managers of “CAMECO” while
they are operating at international level.
Power Distance Index (high versus low)- This is the component in which there is
discussion about difference in power distribution to employees. There is difference in powers to
employees as per change in culture. Hence while working at international level, it is important to
consider culture of country.
Individualism Versus Collectivism- As per this dimension, there is difference in working
culture of countries, so managers of “CAMECO” has to analyse whether culture of working in
team is relevant or individually and then plan business operations.
Masculinity Versus Femininity- As per this there is difference in working culture of
country i.e. on gender base. This is significant and relevant that mangers of “CAMECO” must
consider this to get positive outcome. For instance: In UK, there is no difference among
employees on the basis of gender. So manager has to plan business operations accordingly
(Epifanova and et. al., 2015).
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