Analysing Drivers and Challenges of Globalisation in Business Context

This report provides an analysis of the drivers and challenges of globalisation, focusing on key factors such as cost, market environment, and competition. It critically examines the impact of these factors on the global business environment, including opportunities and strategic challenges faced by organisations. The report explores the complexities of international trade law, technological advancements, and political factors, using Sasol Limited as a case study. It evaluates strategic challenges in the context of risk, diversification, and supply chain management, concluding with an overview of the global business environment's opportunities and threats. The analysis includes considerations for environmental impacts and corporate social responsibility, highlighting the need for cost-efficient supply chain management and adaptation to volatile raw material prices. The report uses several references to support its findings.

Driver and challenges of globalisation

Table of Contents
Driver and challenges of globalisation
INTRODUCTION
MAIN BODY
Analyse the key factors of cost, market environment and competition that drive global commerce and trade
Critically analyse the impact that key factors have upon the global business environment in terms of opportunities
Explain the complexity of strategic challenges faced by organisation when operating in global environment supported
by examples
Evaluate strategic challenges in context of risk and diversification strategies and the supply chain flow
CONCLUSION
REFERENCES

INTRODUCTION
 The global business environment can be defined as the environment within the different countries, the
business is greatly get affected by the global environment

Analyse the key factors of cost, market environment and
competition that drive global commerce and trade
 The globalization is related from trade and commerce of company Sasol limited. The
globalization is need to determine the cost of nature of such global business operations

Environment-
 The globalization is get affected by various factors related to the environment that will includes the
political as well as legal issues, these things are able to creating the impact on the globalization to
the company that needs to implement their operations as well as several activities after taking in
consideration these factors.


Technology
 In the transformation of technology, this brings easier to globalization process that helps the Sasol
limited to trade their goods and services as faster and cheaper, this also get helpful to integrate the
national as well as social market. This helps the executive of operations to get expand its networks
with the help of new technology as well as internet to become the base of the modern organisation.

Political-
 due to the reduction inn tariffs, this is really big barriers to the business in obtaining the opportunities
of company, this is totally related to operating the business globally with adopting the lower cost

Critically analyse the impact that key factors have upon the global business
environment in terms of opportunities
 The services of global business environment are combines of external components that are non-avoidable
control by the management and company. These forces impact on wide section of economy.

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 Social factor-It is one common myth in the mind of customer that chemical of lesser
price will deliver at reduced quality level

Explain the complexity of strategic challenges faced by
organisation when operating in global environment supported
by examples
 The impacts of international trade law- The cultural, social, economic and social
factors have the great impact on the international business laws that gives different
variations to the business.

The economies of globalisation and the environmental
impacts of globalisation in terms of challenges-
 As the impact of globalisation is increasing day by day, this can also impact the business while adopting
new and advanced things in business Sasol. Due to the surface of earth is warming, which can impact the
water availability, land quality, as well as biodiversity. As well as ozone level is also getting high. So, the
government is focusing there is less production of chemical within the country, due to the reason
environment will be safe and protected for future generation.

The complexities of the international supply chain
management
 As the Sasol limited chemical company is getting globalised the competition is increasing day by day. As there is also rise in raw
material of, that become volatile and will increase the pressure of company. Apart, from this Sasol limited is the chemical company
is getting moving towards to increase the segmentation of products, the company Sasol limited having greater pressure to reduce the
prices as for example- company Sasol limited will must find a way to make its supply chain more cost efficient and effective.
