Kensington College: Global Business Impact and Strategic Direction

Verified

Added on  2023/02/02

|15
|742
|92
Report
AI Summary
This report analyzes the impact and strategic direction within the global business environment, focusing on the challenges faced by companies like CAMECO. It begins by exploring the key factors driving globalization, including cost, market dynamics, and environmental considerations. The report then examines the influence of digital technology on globalization, highlighting its role in reducing costs and facilitating communication. It identifies the strategic complexities that organizations encounter in the global market, such as political, economic, and social factors, and discusses challenges like cultural differences and job security. The report also offers recommendations to overcome these challenges, emphasizing the importance of communication and employee training. Finally, it concludes with a summary of the main points and references relevant academic sources.
Document Page
IMPACT AND
STRATEGIC
DIRECTION
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Table of Content
Introduction
Key factors that drives global commerce and trade
Factors that drive globalisation
Impact of digital technology upon globalization
Complexities faced by organisation at global environment
Challenges of globalisation
Recommendations to overcome this challenges
Conclusion
References
Document Page
Introduction
Strategic refers to course of action which helps to achieve
goals and objectives an organisation. There is requirement
of different strategies through which organisation can
achieve aims and objectives in effective and efficient
manner.
Document Page
Key factors that drives global commerce
and trade
Concept of globalisation:
Globalisation describe as the process of intensification of
social ,political and economic, cultural relations across
international boundaries. Cultural globalisation describe as
the transformation of new ideas, meaning and values in a
way to extend social relation. Political globalisation define
growth of political system in term of size and complexity.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Factors that drive globalisation
Cost: In the area of cost CAMECO is able to gain new
economics of scale by selling it at higher quantities. In
this foreign direct investment help in increasing
interdependence among the countries and organisation.
Market: Globalization basically define as a economic
integration activity but its influences many other factor
one of them are market.
Document Page
Contd....
Environment:
International trade allow CAMECO to expand and explore
its new market. At globalisation level there is many
environment factors that affect business such as legal
practices,social structure and technology.
Document Page
Impact of digital technology upon
globalization
Digital technology play a important role, it is one of the
main forces of driving globalisation. It reduces the cost of
transportation and easy communication across the world.
Impact of digital revaluation is to create better product
and services at lower price , impact of social media and
other application.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Complexities faced by organisation at
global environment
The manager of the CAMECO company is thinking to
trade in the global market. But there are several
challenges that are required to face to enter in the
international market. The impact of globalisation is not
limited to the economy. It also affects many factors
such as political, economical, social as well as
technological.
Document Page
Contd...
Political factor – The intervention of government plays an
important role in the economy. The political factors
includes government policies, tax and foreign trade
policies, environmental law etc.
Economical factors Inflation, economic growth,
exchange and interest rates etc. are some of the economic
factors that will have a strong impact on the association.
Document Page
Contd....
Social factors – Culture, taste, religion of one person
differ from another. The manager of CAMECO should
understand the attitude and belief of the customers, as it
has a direct effect on the market.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Challenges of globalisation
Cultural differences: This difference face by the CAMECO
in which company and customer will separated by
thousand miles it create the cultural and regional
differences.
Job security and lack of security :It allowed CAMECO
to assign job to the population who is away from their
physical location . Resulting in location population
loosing their jobs.
Document Page
Recommendations to overcome this
challenges
1. It is recommend ate that CAMECO should communicate
about all the decision. Employee must know about the
strategies so they can understand goals of organization
and overcome the complexity.
2. CAMECO should conduct the training session for
employee for achieving comfort level with new strategic
procedure. This can be helpful in understanding strategic
challenges.
chevron_up_icon
1 out of 15
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]