Analysis of Global Business Environment and Key Factors Report

This report provides a comprehensive analysis of the global business environment, focusing on the key factors that drive global commerce, including market, cost, and competitive forces. It delves into the impact of globalization and digital technology on business operations. The report also includes a PESTLE analysis, examining the political, economic, social, technological, legal, and environmental factors affecting businesses. The conclusion highlights the importance of global business strategies for expanding into international markets and identifies opportunities for increasing sales and profits. The report references several scholarly articles to support its findings.

TABLE OF CONTENT
INTRODUCTION
Key factors related to cost, market, environment and
competitions that drive global commerce
Impact of key factors under global business environment
in terms of their challenges and opportunity
PESTLE Analysis
CONCLUSION
REFERENCES

GLOBAL BUSINESS ENVIRONMENT

INTRODUCTION
Global business environment may be described that they
function of social culture and one of which is impacted
their global influences and these influences are technical
forces, competiveness, rules and regulations to their
business environment

GLOBALIZATION
Globalization defines growing interdependence of culture
in their population which can be movement of product or
services and new technology have arises and new
investment to the other nations also. It is a process to trade
of goods and services so that they can promote or increased
their interaction between customers are other countries
people also across the globe (Cummings, Seferiadis and de
Haan, 2020).

KEY FACTORS TO DRIVE GLOBAL
COMMERCE AND TRADE
Market factor: It is to be consistent that in domestic
economy in their businesses are enabling to explain some
activities of a globe.
Cost factor: The type of factor are defined their living
expenditure as per their nation’s volume of resources,
technologies, output and their resources are identified.

CONTINUE…
Environment factor: It should be determined that all
business environment and relate to various functions that
have a significant impact the globalization which is related
to stress
Competition factor: This type of factor is a used
competition from nation to nation and various tasks are
performed in global market.

IMPACT OF DIGITAL TECHNOLOGY FOR
GLOBALIZING
Many penalty are arises related to their technology and
many firms are increased their revenue through the
globalization in efficiently manner (Dionisio and de
Vargas, 2020). It is a more essential factors that technology
in the business organization are generate more and more
income in their marketplace.

PESTLE ANALYSIS
PESTLE analysis is a strategic approach so that they can
determine their macro environmental factor which is
related to internal and external factor which have directly
impact of business organization.
 Political
 Economic factors
 Social factor
 Environmental
 Technological
 Legal

Political: This type of factors determines political
stability, transactions and various rules and regulations
can play a vital role in order to extend their business
externally for both countries (Ferraro, 2021).
Economic: It is directly related to economic condition of
business whether it is a foreign exchange market or
international marketing.
Social: Major trends and culture of organization represent
to extend the business internationally for having
employee and all values, shared , ethics, morals are plan
their business culture organization of particular country.

Technological: It should be determined that more and more
opportunities and new technologies are generated through
new firm and new country.
Legal: Legal: This factor determine all chemical and gas
industries which include rules and regulation has to be
followed and SASOL limited also follow rules and
restrictions according to government restrictions to enter
into a market is a risky manner
Environmental: These types of factor are concern about
the environment like carbon footprint, pollution target and
different methods to protect their sustainability
environment.

CONCLUSION
From the above information, it has been understood that
global business strategy and enable those organizations to
expand their business in the international market and to get
more and more opportunity for increase of sales and profit

REFERENCES
 Cavallo, A., Ghezzi, A. and Guzmán, B. V. R., 2019
 Bocken, N., Boons, F. and Baldassarre, B., 2019.
 David, T. and Eichenberger, P., 2020
 Cummings, S., Seferiadis, A. A. and de Haan, L., 2020
 Ferraro, G. P., 2021