This report provides a detailed analysis of the global business environment, focusing on the key factors driving global commerce and trade, such as market, cost, competition, and environmental factors. It highlights the significant impact of digital technology on globalization, enabling businesses to connect with international customers and enhance their performance. The report includes a critical analysis using the PESTLE framework, examining the political, economic, social, technological, environmental, and legal aspects affecting businesses like SASOL. It evaluates the challenges and complexities that globalization brings, including international trade laws, tariff barriers, and non-tariff barriers, and offers recommendations such as developing a proper business plan, adhering to regulations, and understanding cultural nuances. The conclusion emphasizes the importance of globalization for businesses to expand internationally and gain a competitive advantage.
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