Impact of Globalization on Global Business Environment Analysis

This report provides an analysis of the global business environment, focusing on key factors that drive global commerce and trade. It explores the impact of globalization, digital technology, and strategic challenges faced by organizations. The report includes a PEST analysis of CAMECO, outlining political, economic, social, and technological factors. It also addresses global challenges and suggests recommendations to overcome them. The conclusion emphasizes the importance of strategic directions for success in the competitive market and highlights the significance of globalization in integrating world markets. The report is a valuable resource for understanding the complexities of the global business landscape and provides insights into effective strategies for navigating these challenges. References are provided for further research.

GLOBAL BUSINESS
ENVIRONMENT

Table of Content
• Introduction
• Key factors that drive global commerce and trade
• Complexity of strategic challenges faced by organisation
• Conclusion
• References

Introduction
Global business environment is refer as a situation in different
independent nations having factors endogenous which is to home
enterprise environment that assists in influencing decision making on
abilities as well as resource utilisation. For performing the operations in
international market, it is essential to has appropriate strategies and
direction.

Key factors that drive global commerce and
trade
Globalisation is considered as process for interaction as well as
integration between individuals, firms and governments internationally.
It has grown due to transportation and communication technology.
With the growth in international interactions, this leads to development
in global trades, thoughts, ideas and so on. It is considered as the
economic process for combination as well as interaction of ethnic and
cultural aspects.

Cont...
Globalisation driving factors:
There are various key factors of globalisation that are mentioned
below:
• Cost
• Market
• Environment
• Competition

Cont...
Impact of digital technology on globalization
Digital technology is considered as utilisation of resources for
effectually identifying, developing, examining and communicating in
digital context. It involves the usage of software applications,
programming etc. Due to advancement, key drive forces and growth the
globalisation have impacted the digital technology.

Complexity of strategic challenges faced by
organisation
Strategic challenges is considered as a pressure which exert crucial
influences upon upcoming success of any organisation. Challenges are
of 2 kinds first one is external and another is internal. External factors
are from the outside of company which includes goods changes,
modification in technology, financial risk market as well as society
requirements and wants.

Cont...
PEST Analysis of CAMECO:
• Political factors
• Economic Factors
• Social factors
• Technological factors

Cont...
Global challenges as well as strategic challenges of organisation:
• Loss of cultural identity
• Job mobility
Recommendation to overcome from challenges
• First recommendation
• Second one

Conclusion
As per the above report it has been concluded that strategic directions
are crucial for company to operate successfully into competitive
market. Globalisation is methods of integrating world in individual
market. There are many key factors for enhancing international trade
as well as commerce by cost, competition, environment and so on to
attain objectives.

References
 Cosic, R., Shanks, G. and Maynard, S. B., 2015. A business
analytics capability framework. Australasian Journal of
Information Systems. 19.
 De Anca, C. and Vega, A. V., 2016. Managing diversity in the
global organization: Creating new Business values. Springer

Thank You