Analysis of Drivers and Challenges in the Global Business Environment

This report provides an overview of the drivers and challenges of globalization, focusing on factors such as cost, market environment, and competition. It analyzes the impact of these factors on the global business environment, exploring political, economic, social, and technological influences. The report further examines the complexity of strategic challenges faced by organizations like Sasol Limited, especially when expanding globally. It evaluates these challenges in the context of risk and diversification strategies, including international trade law and supply chain considerations. The report concludes with a summary of key takeaways and includes references for further research. This report covers various aspects of globalization including its drivers, challenges, and impact on businesses, making it a valuable resource for students studying international business and strategic management. The report emphasizes the importance of adaptability and strategic decision-making in a globalized world.

Driver and challenges of globalization
(part-1)

Table of content
Introduction
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
Explain the complexity of strategic challenges faced by organisation
Evaluate strategic challenges in context of risk and diversification
strategies
Conclusion
References

Introduction
The global business environment will be defined as the environment that can be
defined as the environment in different countries, with there are factors of internal
and external factors within the home environment of the organisation that will
generally influence the decision making on the resources as well as uses the several
capabilities.

key factors of cost, market environment and
competition that drive global commerce and
trade.
Concept of globalisation;
The globalisation is the procedure for specially the integration as well as several
interactions among the companies as well as peoples globally. The markets
where every globalisation is will be common such as capital, credit and
product..

Continue…
◦ .
There are various factors of globalisation in Sasol limited which will be
described. The first will be the cost where the digital communication will be
assisting within the lowering communication as well as transforming several
information at Sasol limited. Apart, from this cost of shipping will be reduced
due to bulk shipping

Critically analyse the impact that key factors
have upon the global business environment
The globalization cost, competition, marketing and the business environment of
the global business strategies that brings both of the benefits and challenges for the
organisation like Sasol limited.

Continue..
Political factor- now a days there are various issues that are related with terrorism,
the management and government of company is really do focus in relation to
protection of the peoples.

Continue…
Economical factor- The globally environment of economy is getting influenced
due to the recession of economy. Afterwards, the differentiation in purchasing
pattern of the consumers and reduce the budget of buying the accommodates

Continue…
Social Factor- It is one shared word in the awareness of purchaser that
biochemical of lesser price will bring at reduced quality level. Business efforts
hard to modification this idea. As purchaser not effortlessly variation its attitude
on the way to service

Continue..
Technological Factor- Progressive technology influence complete occupational
sequence of originality. The participants of business accepted promoted knowledge
such as digital facilities, credit, ATM card and numerous advanced software.

Explain the complexity of strategic challenges
faced by organisation
When the company is thinking to expanding its exporting business that is
operating beyond their geographical areas, then the companies like Sasol
limited have being undergoing the different strategies strategic challenges,
ranges from the monetary to non-monetary

Evaluate strategic challenges in context of risk
and diversification strategies
The local supply chain is the chain that is operating national boundaries of
company. The domestic market as well as new ventures also get focused on the
supply market, by mostly they get focused within the production expansion as
well as strategy of the customer specialization. This will be also stated that, there
are strategy of the production as well as specialization