University X: BUS301 Global Business Environment Report and Analysis

This report provides a comprehensive analysis of the global business environment, focusing on key concepts such as globalization and its driving factors. It includes a PESTLE analysis of SASOL LIMITED, evaluating political, economic, social, technological, environmental, and legal factors. The report further examines the impact of digital technology on globalization, highlighting its influence on international business and trade. It also addresses the challenges and complexities associated with globalization, offering recommendations for overcoming these obstacles. The analysis considers factors such as financial liberalization, intense competition, and the need for organizations to adapt to a dynamic global landscape. The report concludes with a summary of the key findings and references relevant academic sources.

Global business
environment

Table of content
 Introduction
 Concept of globalization
 PESTLE analysis of SASOL LIMITED
 An analysis of key driving factors of globalization
 Evaluation of the significant impact of digital technology upon
globalization
 A critical evaluation of the challenges and complexities globalization
 Recommendations on how such challenges can be overcome
 Conclusion
 References

Introduction
Global business environment is termed as the social and mission situation of the management that are
attracted by worldwide services. In context to this, it is stated that, various external factors that covers the
business and its impact on its functions and choices.

Concept of globalization
Globalization is known as the process of communication and
integration of various people, administrative departments and
companies around the world. It is defined as the interdependence
between race, finances, and the population of the biosphere, as well
as external border transactions that manage assets and facilities,
individuals, data, and technology.

PESTLE analysis of SASOL LIMITED
Pestle analysis –
PESTLE analysis is termed as the strategic tool that helps the
management to consider macro-environmental issues to frame
effective plan of actions.
 Political factors - Political factors plays an essential manner
in the analysis of the factors that affect the long-term
success of the SASOL LIMITED business of management.
 Economic factor – Several economic factors, like
consumer’s savings, inflation, economic series, interest
charges and exchange rates that will have the presentation
and operations of the SASOL LIMITED management.

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 Social factor - Social norms, values, and trends efficiently influence
structural culture and presentation.
 Technological factors - In today's highly inexpensive business
environment, technical development, invention, mechanisation and
fast technical dispersal that have happened on a world-wide measure
that have protected the rank of technological factors in the decision-
making procedure of SASOL LIMITED.
 Environmental factors – As there are many environmental factors
that affect business performance and profitability.
 Legal factors - SASOL LIMITED examines all legal situations and
regulatory constructions as before arriving new markets.

An analysis of the key driving factors of globalisation
As globalization is defined as reducing trade barriers
across national borders and strengthening the integration,
interconnection and interdependence of various
production processes, financial resources, capital, and
products or services that cross national borders.
 Digital revaluation - The Internet allows SASOL
LIMITED to access products and services from
anywhere in the world. Mobile phones are used to
purchase products through online reservations.
 Financial liberalisation - Due to the deregulation of
the financial market, ties between countries have
been strengthened.

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 Enhances international business and trade - In today's
business environment, various organizations are
involved in the cross-border import and export of goods
or services.
 Intense competition – As the organization faces fierce
competition in the local market, SASOL LIMITED
seeks new marketing areas at the border of the country
to expand its business functions.

Evaluation of the significant impact of digital technology
upon globalisation
Technological progress is considered to be the advantage of
globalization or technological advancement, and is the main
force that drives business across national boundaries.
Technological advancement helps SASOL LIMITED
organization to ensure global influence and increase market
share.

Recommendations on how such challenges can be
overcome
Performing all functions in global expansion is the
main challenge faced by organizations.
 It is recommended that the SASOL LIMITED
organization adopt various technical aspects and
advancements in the organizational process to
help effectively perform all functions and ensure
global influence.
 Most organizations that hire a professional
eligible employee of a project that produces the
lack of the main function.

CONCLUSION
From the above mentioned report it has been concluded that, there are several issues that execute the
management for worldwide skill like maximise in development, competition, conservational services and
many more.

REFERENCES
 Hizarci‐Payne, A.K., İpek, İ. and Kurt Gümüş, G., 2021. How environmental innovation influences
firm performance: A meta‐analytic review. Business Strategy and the Environment. 30(2). pp.1174-
1190.
 Mostafiz, M.I., Sambasivan, M. and Goh, S.K., 2021. Antecedents and consequences of market
orientation in international B2B market: role of export assistance as a moderator. Journal of Business &
Industrial Marketing.
 Leal Filho, W., and et.al., 2021. COVID-19: the impact of a global crisis on sustainable development
research. Sustainability science. 16(1). pp.85-99.
 Franke Kleist, V., 2021. CIO Interview with Vince Dobilas. Journal of Global Information Technology
Management, pp.1-4.