Global Business Environment: Challenges & Complexities for Sasol

This report examines the global business environment and its impact on Sasol, a company operating in the oil, gas, and chemical industries. It begins by defining globalization and then uses PESTLE analysis to illustrate the broader global influences affecting Sasol. Key driving factors of globalization are analyzed, along with the significant impact of digital technology. The report critically evaluates the challenges and complexities that globalization brings to Sasol, such as worker exploitation, job loss, high investment, and environmental degradation. Recommendations are provided on how Sasol can overcome these challenges, including hiring efficient individuals, ensuring adequate supply of raw materials, and planning for unexpected environmental changes. The conclusion summarizes the key findings, emphasizing the differences in global business environments across countries and the external forces affecting Sasol's globalization efforts.

UNIT 18 GLOBAL BUSINESS
ENVIRONMENT

TABLE OF CONTENTS
 Introduction
 Main Body
 Introduction To The Concept Of Globalization
 Pestle Analysis Illustrating Broader And Global Influences
 Analyzing Of The Key Driving Factors Of Globalization
 Significantly Analyzing Impact Of Digital Technology Upon Globalization
 Critical Evaluation Of The Challenges And Complexities Globalization Brings To An Organization Such As Sasol
 Recommendations On How Such Challenges Can Be Overcome
 Conclusion
 References

INTRODUCTION
 Globalization is mainly used for describing various culture, populations, peoples across
world.
 Due to globalization the world has emerged and leads towards new cultures and
economies for consuming business internationality.
 Due to globalization it has developed ability for communicating and advancing business
with other bossiness.
 This mainly helps in tracking with various businesses and organizations which aids in
interacting worldwide for operating business globally.

INTRODUCTION TO THE CONCEPT OF
GLOBALIZATION
 Globalization is being defines as a spreading or diversifying products, information also information of company across
various cultures nations for operation business around the world.
 The globalization is being done in various ways globalizing with socially leading to better interactions with various
individual or populations around the world.
 Culturally globalizing represents ideas also different values among various cultures.
 The globalizing world has created various new opportunities for individuals which has increased growth of new jobs across
various countries and nations among the world.

PESTLE ANALYSIS TO ILLUSTRATE THE
BROADER AND GLOBAL INFLUENCES
 The macro environment analysis of the SASOL company will helps in
identifying factors which influences business and its operations
externally.
 As the sol company is producing chemical products.
 The company also purchases various products in order to balance
production possessors are crude oil, paraffin, as for feeding its stock to
various consumers.
POLITICAL FACTORS
 Political factors for a company mainly includes various tax policies,
stability of government, competitive regulation, and trade balks.

CONTINUE..
SOCIAL FACTORS
 Social factors including various demographics, education, the structure of
families and size equality among various individuals and cultural and social
norms will influence company operations.
 As when company is enable to adapt the cultural and societal norms of various
countries, various attitudes and lifestyle patterns for adopting the diversity
backgrounds will results in improving the productivity of also company.
 This generates better innovation and improved overall performance of firm for
producing various oils and chemicals products .

ANALYSING OF THE KEY DRIVING FACTORS OF
GLOBALIZATION
 Globalization is being defined as various strategies for expanding business into other
countries and also at international level.
 But there are various factors which influences the company at expansion and
globalizing its business it mainly includes :
 Economic integration: it is mainly regarded as reduction of trade barriers for
globalizing produces of SASOL company.
 The global integration indicates and provide larger economic bass , with advanced
technical appliances also proper sources of finances will influence globalization in
different countries.
 As with various barrier on trade will make the market competitive for producing
products and will affect flow of good .

CONTINUE..
 Cost: The cost of various products and services will affect the companies
globalization ad its expansion into various countries.
 Cost of different products varies from country to country.
 As with the lowered cost of various products and services will helps in examining
products into both n developing and global developed countries.
 With the increase in competition will lower the prices for various consumers and
give wide choices for choosing various good and services being sold into market.
 Market: The markets of countries mainly domestic are not expanded as that of the
global countries.
 So with this growth opportunities for expanding businesses are very limited for
generating profits.

SIGNIFICANTLY ANALYSING IMPACT OF
DIGITAL TECHNOLOGY UPON GLOBALISATION
 With the advancement in technical equipment's will affect the globalization of.
 As the technical advancement will aid in reducing costs of various processes being used by various business mainly
SASOL, it will reduce cost for transportation of different products.
 Also it will improve quality of products being sold by various firms because by producing with latest and digital
technology will provide better solutions for business and improves quality of production by producing products with
optimizing the latest technology.

Critical evaluation of the challenges and complexities
globalization brings to an organization such as SASOL
 Worker exploitation
 Job Loss
 High Investment
 Environmental Degradation
 Taxes Across Borders

Recommendations on how such challenges can be
overcome
 As for operating properly and overcoming these above challenges the SASOL
company must operate with hiring various efficient individuals which helps in
creating better quality and innovative products for company.
 For surviving into dynamic global environment company must ensure for arranging
adequate supply of raw materials, resources at lower cost and arrange in bulk.
 For proper supply of various goods and services of company it can be done by
avoiding access which occur in business and engages in planning for unexpected
changes which can aids in assisting environmental changes, proper planning must
be done for learning environmental affects and reduce these for operating SASOL
businesses.

CONCLUSION
 From the presentation it can be concluded that global business environment of various business differs in every
country.
 The company Sasol mainly manufactured for operating as an oil gas company also producing chemical substances to
other businesses and countries.
 This presentation has helped in analysing external forces which affects company while globalising business to other
countries. Also, it has aids in analysing various challenges which are being faced by SASOL business by globalising
into other country it mainly includes loss of job, highly investment, exploitation of workers.
 Further various factors which affect business while globalising includes cost, market, environment as well as
competition among various businesses.