Globalization's Impact on Cameco Corporation: A Business Analysis

Desklib provides past papers and solved assignments for students. This presentation analyzes Cameco's global business environment.

Global business environment

Introduction
 The present presentation is based on the impact of globalization on the organization
and other business firms.
 Globalization is the process which removes barriers between the countries. It
develops marketing strategies, increases the efficiency of global resources, and
change organizational culture.
 The selected organization to carry out this presentation is the CAMECO’s; it is the
world’s largest public trade uranium corporation, situated in Saskatoon, Canada

Concept of globalization
 There are three fundamental concept of globalization stated as below-
 Globalization as Transference
 The first and key aspect of globalization is the exchange of things between countries
and interaction among individuals across the nation.
 Globalization as Transformation
 It is the method of transformation that occurs at the system and affects the result of
systematic variables between the multinational dimensions.
 Globalization as Transcendence
 In the era of volatility, transcendent democracies used to grow and proliferate in the
age of modern globalization due to their complex feature

Driving factors of globalization
Technological Advancement
International Trade
Differences in cost between countires
Trade Liberalization
Foreign Investment

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 Technological advancement helps business firms and organization to save time, cost
and improves communication between countries
 International trade refers to economic transactions between the different nations. It
allows expanding the market for goods and services as well. Through international
trade, the economy can increase efficiency and productivity.
 As a number of factors such as location and demography differs between countries,
the cost of factors of production such as land, labour and capital will certainly varies
as well.

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 To regulate international trade and balances, trade
policies are governed and formulated by the various
governments.
 Foreign direct investment refers to the investment,
where a company or an individual from one nation
invest their money in assets on stakes ownership of the
company based in another nation. As increased
globalization in CAMECO’s business, foreign
investment become very common method of
investment to invest money in companies

Impact of digital technology on globalization
 Technological progress reduces the cost of transportation and communication across
the world in the cited organization, i.e. CAMECO’s. Digital technology is the most
crucial competitive strategy in the modern economy which plays a vital role in the
mentioned organization.
 Digital technology such as the internet has given rise to E-Commerce, social
media includes Facebook, Instagram, and Twitter, which enhanced the operation of
sited company conducted through electronic media

PESTLE analysis
political
economical
social
technological
environmetal
legal

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 Political factors play a vital role in determining the
factors that can affect the Cameco organization’s
profitability and productivity
 Risk of military invasion
 Politcal stability
 Legal framework
 Economical factors of the cited organization can
affects the overall demand and supply within the
economy, such as-
 Inflation rate
 Saving rate

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 Social environmental factors such as way of doing things, demography level, impact
the culture of Cameco as well as whole economy.
 Technology growing fast, over the last few years Cameco has been transforming
really fast, not even giving opportunity to the established players to deal with with
the changes
 Different economy have different environmental structure which can affects the
productivity, efficiency and profitability of the business within nation.

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 Several rules and regulation are framed by the government of India to protect the
rights of livings within the economy.
 Discrimination law
 Employement law

Challenges for the organization
 Most common challenge is Western dominance; developed countries still hold the
reigns on international order and capital flow from nation to nation suffering is job
mobility,
 The challenge is to deal with the fear while trading with the west of countries that
will result in instability and volatility in the overall economy.
 Loss of cultural identity also considers as a challenge of globalization for the cited
organization, i.e. Cameco because western culture is easy to access and apply.
However traditional culture loses its distinctive feature and global diversity.