Comprehensive Analysis of the Global Business Environment: CAMECO

This report provides a comprehensive analysis of the global business environment, focusing on the CAMECO company. It begins with an introduction to globalization, its driving factors, and the impact of digital technology. The report then applies a PESTLE analysis to CAMECO and explores the challenges and recommendations associated with globalization. Task 2 delves into CAMECO's organizational culture, governance, and structure, applying McKinsey's 7S model and Hofstede's cultural dimensions. The evaluation of ethical and sustainable factors, including risk-taking and corporate social responsibility, is also included. Finally, the report examines CAMECO's strategic expansion routes, outlining their advantages and disadvantages, and concludes with a summary of key findings and recommendations.

Global business environment

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK1.............................................................................................................................................1
1. Concept of globalisation.........................................................................................................1
2. driving factors of globalisation...............................................................................................1
3. Impact Of digital technology on globalisation........................................................................2
4. PESTLE analysis of organisation...........................................................................................3
5. There are some challenges which are to faced by globalisation some of them are :-............4
6. Recommendations to overcome these challenges...................................................................5
1.seek out necessary resources-...................................................................................................5
TASK 2.......................................................................................................................................6
1. Culture, governance ,structure of organisation and application of McKinsey's 7 S Model....6
2. Organisation influences trough Hofstede's dimension of culture...........................................7
3. Evaluation of ethical and sustainable factors of organisation.................................................8
4. ethical and sustainable factors affecting the business.............................................................8
5. Strategic expansion routes and its advantages and disadvantages..........................................9
CONCLUSION..............................................................................................................................10
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INTRODUCTION
Globalisation is expansion and intensification of social, economic, culture, political, relations
across the border among companies, government. The present study is about the CAMECO
company which deals in refining, mining, fabrication, generation of electricity by nuclear energy
across the globe. Further it includes the concepts of globalisation, its factors, digital technology
impact on globalisation ,PESTLE analysis of organisation, Mc Kinsey's 7 S model and different
models of dimension culture .also the ethical and sustainable behaviour of organisation towards
society and environment,
TASK1
Enclosed in PPT.
TASK 2
1. Culture, governance ,structure of organisation and application of McKinsey's 7 S Model
CAMECO following the flat organisational structure which help them to perform effectively
and efficiently .
Flat structure helps CAMECO to work faster as decision making can be done at the
individual levels where it is required.
The culture follows by the CAMECO is safety and workplace culture which ensures the
safety of the people working in organisation.
Governance of CAMECO company will ensure that all the required documents, papers,
legal formalities are completely fulfilled so that company can avoid regular intervention .
Mc Kinney's 7 S model
Structure
CAMECO company following flat structure which help in taking prompt decisions and make
employees to work efficiently. This structure helps organisation to work fast and the
communication and decision are done promptly which help in eliminating the delay in making
decisions(Saleem, 2015).
Strategy-
The strategy formulates by CAMECO company is about generating the nuclear energy
which make affordable and availability of power to the population.
Structure- CAMECO company following fat structure where decisions and information are
communicated fast and prompt decisions can be taken.
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Shared values-
CAMECO company is trying to provide nuclear energy benefits to many countries
across the world. They also creating the value by making their brand strong and powerful in
addition to money.
System-
Company following a systematic form in which they convey their messages to subordinates so
that they work accordingly in given detection and they will be able to achieve organisation goal
effectively and efficiently.
Style-
They follow the visionary leadership style as they encourage the employees to perform
their job in direction of the company's vision and mission.
Staff-
Company having staff of skilled, experienced people which are helping them in
continuous innovation and creation in their product which make organisation successful and also
helping them in capturing the larger share of the market.
Skills-
The company ensures that the performance of employees directed towards the goals and
timely reviews are being performed so that special skills of employees can be used to achieve
smart objectives as well (Tuleja, 2016).
2. Organisation influences trough Hofstede's dimension of culture
The model has influence the operations off they CAMECO the company is operating globally
which is very complex activity for anyone to meet the requirements accordion to the changes of
environment and tastes and preferences of customers. To meet they demand globally it is
required to satisfy the customers needs and wants that customers can retain to organisation and
company can be capable of capturing larger share of industry globally.
The structure followed by the company is tall structure which will help them in making prompt
decisions and communicating faster which help them further in fast delivery and fulfilling the
demand of customers (Taneja., Sewell and Odom, 2015).
The value which CAMECO offers enhance the performance of company effectively and help in
making the organisation towards the growth of ecological and sustainable environment.
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The style they following is visionary which will encourage the firm to set vision and will lead
specialised skills and staff will help organisation to achieve their global objective.
Hofstede's dimension of culture
This model has 5 phases which are explained below:-
Low power distance v/s high power distance-.
It measures the degree of existing inequality which is accepted by the people having
power and people without power. CAMECO have highly score on the index of power distance,
which leads to respectful level of position(Tuleja, 2016).
Individualism v/s collectivism-
The culture dimension indicates this is the integration and mutual understanding between
the employees and managers to achieve target effectively.
Low avoidance of uncertainty v/s high avoidance of uncertainty-
CAMECO company having low score in avoiding the uncertainty as they are ready to
take uncertain events and high risks as high risks leads to higher returns whereas the companies
having high score generally are not ready to accept the uncertain situations..
Short term, v/s long term orientation-
In this category CAMECO having low score as they always ready to take creativity and
innovations in their produce and services to retain customers for longer term also they can strive
towards the new technology which helps them to grow.
3. Evaluation of ethical and sustainable factors of organisation
Some factors are:-
Risk taking-
CAMECO is risk taking company and further they try to diversify the risk so that their
performance can be improved and can higher returns,
Corporate social responsibility
- it is the duty of the organisation towards the society in which they live in. this
considered to be a ethical responsibility of business and follow the policies related to protection
towards the environment(Kasemsap, 2016).
Respect and honour-
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Every human deserves respect and employees of the organisation are need to get
respected and should provide the respected workplace so that they can work efficiently and
perform all the tasks with dignity.
4. ethical and sustainable factors affecting the business
CAMECO is working globally its business and it is required by the organisation to fulfil
ll at the ethical and sustainable responsibilities as business exists in society itself and it is need to
fulfil the needs and wants of the customers so that they can able to achieve their goal as well as
help in satisfying the consumers.
Acting globally is a complex task , many risks and threats are required to face by the
organisation ,if they take higher risk than there is chance of earning higher returns alos to meet
the changing environment requirements it is need to develop innovative products which can be
possible with addition of higher risk but also they can earn good amount of profit.
5. Strategic expansion routes and its advantages and disadvantages
For expanding the business every company plans and implement some strategy for
expanding their business.
CAMECO is able to develop the strategy by
Market development-
Its strategy company finds new market for selling their existing product in order to
capture larger share of the market.
Market penetration-t
This strategy say that company wants to sell their existing product in existing market by
providing quality products and increasing their sales.
Diversification
-this strategy says that company is not restricted to product. They will expand their
production in two or more products so that success of any product also leads to growth and
success of the business.
Advantages
1.strategic expansion helps CAMECO to enter into new market and having lrge share in
the market and industry and can make a strong brand image.
2.Global business helps organisation to produce quality products which make them more
competitive with others and hence they can retain more customers for longer-term.
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Disadvantages
1.CAMECO doing bushiness globally which requires Huge financial assistance and they
also have to take care about the financial investment as they may suffer losses if the strategies
doesn't go according to the plan.
2.It is essential for company to train the employees on time so that they can understand
the business efficiently as they working at global level and training the employees involves high
cost for the organisation.
CONCLUSION
From the above report this can be concluded as it is important for organisation to correctively
address the all environmental factors which are required for having business globally so that they
can be able to provide quality products and also satisfy th customers demand.
Also, satisfying employees so that they can raise their standard of living is also a significant role
played by organization operating business globally lead to business expansion and make
organisation more
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Online
The global environment of business: New paradigms for international
management,2018[Online].Available
through:<https://iveybusinessjournal.com/publication/the-global-environment-of-business-
new-paradigms-for-international-management>.
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