Sasol's Global Operations: Impact of Digital Technology & Challenges

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Added on  2023/06/18

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This report provides a comprehensive analysis of the global business environment, focusing on Sasol's operations. It employs a PESTLE analysis to evaluate the external factors influencing the company and examines the key drivers of globalization, such as digital revolution and financial liberalization. The report highlights the significant impact of digital technology on globalization, particularly in enhancing organizational capabilities and easing global operations. It critically evaluates the challenges and complexities that globalization brings to an organization, including physical distance, cultural differences, supply chain complexity, and international trade law. The report concludes with recommendations for Sasol, emphasizing the importance of embracing innovative technologies and adhering to safety measures and government regulations to conduct effective operations at a global platform. The report includes references to support its analysis and conclusions. Desklib is a platform where students can find similar solved assignments and study tools.
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GLOBAL BUSINESS
ENVIRONMENT
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TABLE OF CONTENTS
Introduction
PESTLE analysis
Analysis of the key driving factors of globalisation
Evaluation of the significant impact of digital technology upon globalisation.
Challenges and complexities globalisation
Recommendations
Conclusion
References
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INTRODUCTION
Global business environment is termed as a environment in number of countries which
mainly includes factors that are significantly different from home business environment of
an organization.
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CONCEPT OF GLOBALIZATION
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PESTLE ANALYSIS OF SASOL
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AN ANALYSIS OF THE KEY DRIVING FACTORS
OF GLOBALIZATION
Digital revaluation
Financial liberalisation
Intense competition
Enhances international business and trade
Cost
Market environment
Competition factors
Global commerce and trade
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EVALUATION OF THE SIGNIFICANT IMPACT OF
DIGITAL TECHNOLOGY UPON GLOBALIZATION
Digital technology is playing important role in enhancing organisation capabilities to
perform its business operations. This technology is acting as essential factor that impact
upon globalisation, as it eases the operations organization conduct on global scale.
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A CRITICAL EVALUATION OF THE CHALLENGES AND
COMPLEXITIES GLOBALIZATION BRINGS TO AN ORGANIZATION
The physical distance
Unfamiliar culture and language difficulties
Supply chain complexity
International trade law
Local government law (host country)
Risk and diversification
Supply chain management
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RECOMMENDATIONS
It is recommended to SASOL LIMITED association to
embrace different innovative perspectives and
technologies to conduct effective operations at global
platform.
SASOL is recommended to carry out all safety measures,
government leads and updated strategies and execute
them with association to run business proficiently and
conquer all difficulties and guideline compliances.
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CONCLUSION
According to the report it has been concluded that global business environment is
inclusive of number of factors that are having capability to affect organisation operations.
In this it is essential for companies to evaluate these factors with the help of tools like
PESTEL analysis in order to develop strategies.
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REFERENCES
Cogoljevic, M., Tosovic-Stevanovic, A. and Nikitovic, Z., 2019. INTERNATIONALIZATION OF
MARKETING ACTIVITIES IN GLOBAL BUSINESS ENVIRONMENT. Economic and Social
Development: Book of Proceedings, pp.56-64.
Zaušková, A. and Rezníčková, M., 2020. SoLoMo marketing as a global tool for enhancing awareness of
eco-innovations in Slovak business environment. Equilibrium. Quarterly Journal of Economics and
Economic Policy, 15(1), pp.133-150.
Hampden-Turner, C., Trompenaars, F. and Hampden-Turner, C., 2020. Riding the waves of culture:
Understanding diversity in global business. Hachette UK.
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