Analysis of Global Integration, Trade, and ICT in Business Operations

This report delves into the multifaceted aspects of global business, providing an in-depth analysis of the implications of global integration on business operations. It examines the impact of international trade on domestic products and services, exploring the dynamics of import and export and their effects on consumer choices. Furthermore, the report assesses the influence of the global economy on business strategies and activities, emphasizing the importance of understanding international market dynamics. The role of Information and Communication Technology (ICT) in facilitating globalization is also scrutinized, highlighting its impact on business processes and the creation of virtual organizations. The report uses Oliver Wyman as a case study and references relevant literature to support its findings, offering a comprehensive overview of the challenges and opportunities presented by the globalized business environment. The analysis provides insights into the evolving landscape of international business, providing valuable information for anyone studying or working in the field of business development.

Business Organisation
in Global Context

Cover content
• Introduction
• Implication of global integration on business
• Impact of international trade on domestic product and services
• Impact of global economy on business
• Impact of ICT in facilitating globalisation
• References

Introduction
Globalisation is a concept in which interaction is done among different
countries who wants to develop in global economy. They will also use various
types of strategies so as to deal with the problems they will face in different
countries. The company referred here is Oliver Wyman.

Implication of global integration on
business
Global integration can be defined as coordination and control of business
activities that are happening in different country. It is a mandatory process for
every company that is operating globally. Its implications are as follows :-
• Through a strong network, it helps in supplying raw material and finished
goods all around world.
• There should be global integration in controlling the management system
of Companies.

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• It will help in reducing the
trade barriers among
countries and will help in
creating an on economy.
• Strategies and structures
that will be applied will
help in minimising the cost
and improving quality.

Impact of international trade on domestic
product and services
During the years, international trade
is growing very fast. The
transactions of import and export are
increasing day by day. So, it is
having both positive as well as
negative effect on the products and
services which are sold in domestic
market.

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If there will be increase in imports
then people will get more
alternatives for the product that
they already have in global
market and thus they will go for
the best.
It is to be noted that if the rate of
domestic product is higher than
the imported one, people will go
for imported ones.

Impact of global economy on business
Every country is having their impact on operations of different countries as
well. So, it is always recommended to know the impact of global economy as
it may give success or bring failure in the country. It will have a deep impact
on activities conducted in the businesses. It is beneficial because people can
get to know about all the products that are produced by companies in a
different country with the help of internet.

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There are so many ways know
through which they will be able to
reach the products of international
market.
Because of this, competition is
increasing day by day for the
companies that are running in the
business operations.

Impact of ICT in facilitating
globalisation
Technology is having a very strong impact on the businesses that are operating
on international level. Since the time when trade barrier is removed ,
companies are globalising more now. Advancement in technologies has made
everything possible and have turned every possibility into a reality.

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Information and communication technology has impacted globalisation in
various ways like:-
• It has brought simplification in global market and the processes as well for
doing business globally.
• It has brought down the lengthy process of doing business in international
market.
• It has helped a lot in creating virtual organisation for people who like to do
their business in this manner.

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