Sasol in the Global Business Environment: Challenges and Strategies

This report provides an analysis of the global business environment and its impact on Sasol, utilizing a PESTLE analysis to illustrate broader global influences. It examines key driving factors of globalisation and evaluates the significant impact of digital technology. The report critically assesses the challenges and complexities globalisation brings to an organisation like Sasol, including potential loss of cultural identity and entry fees. Recommendations are provided on how these challenges can be overcome, such as focusing on education and skills relevant to future job markets. The conclusion highlights globalisation's importance for business visibility and profitability, emphasizing the influence of external forces and the key factors driving global business at a worldwide level. Desklib offers similar solved assignments and past papers for students.

UNIT 18 – GLOBAL
BUSINESS ENVIRONMENT

TABLE OF CONTENTS
•Introduction
•Main body
•An appropriate pestle analysis to illustrate the broader and global influences on an organisation such as sasol.
•An analysis of the key driving factors of globalisation.
• Evaluation of the significant impact of digital technology upon globalisation.
•A critical evaluation of the challenges and complexities globalisation brings to an organisation such as sasol.
•Recommendations on how such challenges can be overcome.
•Conclusion

INTRODUCTION
• The global business environment can be defined
as the surroundings in various sovereign
nations, with factors exogenous to the home
atmosphere of the business, attracting decision
making on resources use and capabilities. The
global business environment can be classified
into the external environment and the internal
surroundings (Keng, and et.,al., 2018). The
external forces includes the social , political,
economic and regulatory, tax and cultural, legal
and technological environments.

GLOBALIZATION
• Globalization is the expansion of the company from one
nation to another nation. It is three dimensional concept. It is
a phenomena and a process. The international business
environment can be stated as the environment in various
sovereign nations, with various factors.

An appropriate PESTLE analysis to illustrate the broader and global
influences on an organisation such as SASOL.
Pestle analysis is s strategic management tool that Sasol
ltd leadership can use to make developed decisions.
Further discussed in below report.
• Political factors
• Economic factors
• social factors
• Technological factors
• Legal factors
• Environment factors

Evaluation of the significant impact of digital technology upon globalisation.
• Development in technology have considerably serves
globalization. In instance technological progress has been
one of the main forces driving globalization. This helps to
become global by raising the economics of scale and the
market size required to break even. Technology development
reduces costs of transpiration and communication across
nations and thereby serves global sourcing of raw material
and other inputs. Technology is easily transferable to
improving countries where high tech production can be
combined with low wages .

A critical evaluation of the challenges and complexities globalisation brings to an organisation
such as SASOL.
The concept of globalisation helps company in
reaching out its operations with high
effectiveness so that can be able to make good
plans from advantages results. It is very big
platform trade.
• Loss of cultural identity
• Entry fees

Recommendations on how such challenges can be overcome.
The issues can be overcome through the some suggestion which is
listed in below report.
• The company should focus on primary, secondary and university
education on skills that will be required in the future. Too many
younger spend lot of amount in learning skills that were required
in previous and too few are learning skills needed by future
high growth occupation.

Conclusion
• It is concluded from above report that globalisation is on important factor related to the
business as this gives a great assistance in global visibility along with that profitability.
Internationalisation can be said as a process of exchanging goods and services at global
market. Here is a great effect of external forces just as pestle in conduct of business at
worldwide level. There is a various key factors which is driven by global business at
worldwide level. Also, there are various key driving forces that tends to globalisation.