Globalization Challenges & Digital Impact on Sasol Limited

This report provides an overview of the global business environment and its impact on Sasol Limited. It begins by defining globalization and its key driving factors, including cultural exchange. The report then presents a PESTLE analysis of Sasol Limited, examining the political, economic, social, technological, legal, and environmental factors influencing the company. The impact of digital technology on globalization is discussed, highlighting its role in reducing communication and transportation costs. Furthermore, the report identifies the challenges and complexities that globalization brings to Sasol Limited, such as weather and climate issues. Recommendations are provided to address these challenges, emphasizing the importance of engaging appropriate services and activities to attract audiences. The conclusion emphasizes the vital role of globalization in making business activities highly beneficial and the interconnectedness of companies in the global landscape. The document includes references to support the analysis and findings. Desklib provides solved assignments and past papers for students.

GLOBAL BUSINESS ENVIRONMENT

TABLE OF CONTENTS
 INTRODUCTION
 MAIN BODY
 PART 1
 CONCEPT OF GLOBALIZATION
 PESTLE ANALYSIS OF SASOL LIMITED
 IMPACTS OF DIGITAL TECHNOLOGY UPON GLOBALIZATION
 KEY DRIVING FACTORS OF THE GLOBALIZATION
 CHALLENGES AND COMPLEXITIES GLOBALIZATION BRING TO SASOL
LIMITED
 RECOMMENDATIONS
 CONCLUSION
 REFERENCES

INTRODUCTION
 Global business environment is a kind of
atmosphere different independent countries that are
characterized by external various factors that
impacts the company within their home
environment as well.
 The business environment are consistently subject
towards changes and the industries needs to cope
and keep pace with the rapidly changing
environment.

MAIN BODY
PART 1
CONCEPT OF GLOBALIZATION
 The globalization is a kind of concept which
refers to preparing and making effective
relationships all across the world.
 It has been generated with systematic
procedure which help the firm to make
appropriate interactions along with
integration among people, companies and
governments of diversified locations those
are driven by international trade and
investment benefits.

PESTLE ANALYSIS OF SASOL LIMITED
 It is a strategic management tool that has been utilized by SASOL Limited in
order to make better and beneficial decisions.
 The company operates into diversified atmosphere where the establishment is
highly influenced by enhancing environmental activism, increasing regulatory
framework, technological changes, government decisions and so on.
 The factors which highly influences the SASOL Limited are:
 Political
 These are the kind of factors that are related to the level and quality of
intervention of local as well as global governments as plays a vital role in
objectives of the policies. Armed conflicts, governance system and taxation
policies are the major political factors.

KEY DRIVING FACTORS OF THE GLOBALIZATION
 Globalization is the only factor that increases the production of goods and
services all across the world.
 Majority of companies have gone beyond their national boundaries in order to
operation into diversified locations.
 While doing business globally, there are various factors that derive the forces
behind globalization such as:
 Cultural exchange: This is the foremost and biggest drivers of globalization
as people travel through different countries and share their cultural beliefs and
values at diversified locations. With the help of this specific procedure, the
understanding regarding the culture takes place which drives globalization.

IMPACTS OF DIGITAL TECHNOLOGY UPON
GLOBALIZATION
 Technological enhancement helps the establishments to
reduces the costs of communication as well as transportation
along with provide facilities in order to facilitate global
sourcing of raw materials and other kind of inputs within the
environment.
 The technology has the power to make the economy to become
more competitive. Especially at the time of considering digital
technology which includes e-commerce, internet, e-money, e-
billing, telecommunication devices, etc.
 In order to elaborate over the impacts of digital technology
over globalization:

CHALLENGES AND COMPLEXITIES
GLOBALIZATION BRING TO SASOL LIMITED
 Weather and climate issues: Climate and weather variation
badly impacts on suitability of business activities.
 Because these all are unexpected events in various country
or area and its not easier to manage climate conflicts. Heavy
rain season is mainly challenging term which influence
performance of SOSOL Limited industry because when
they decide to enter within new market they do have duty or
responsibility to involves appropriate individual which has
great idea and knowledge for managing climate changes
activities.

RECOMMENDATIONS
 From the identification and overall project study on SASOL
Limited its been very clear about this company and its useful
for develop information that which factors mainly impacts
on business activities.
 Idea of this term that SASOL Limited industry mainly
provide chemical and energy services is important that
organization who mainly perform and implement work with
machines or other technology sources they do have duty to
engage appropriate services and activities which structure
and raise audience attraction.

CONCLUSION
 From the above report, it has been concluded that globalization
plays a vital role in order to make the business activities highly
beneficial for each and every business entity.
 There are various factors that drives the globalization in order to
make the companies interconnected and interrelated in complex
ways.
 Moreover, the globalization also gets highly affects with the help
of introducing digital technology into consideration.

REFERENCES
 Głodowska, A. and Pera, B., 2019. On the relationship
between economic integration, business environment and
real convergence: The experience of the CEE
countries. Economies, 7(2), p.54.
 Huang, H. and et.al., 2022. Assessing the role of financing
in sustainable business environment. Environmental
Science and Pollution Research, 29(5), pp.7889-7906.
 Huo, Z., Levchenko, A.A. and Pandalai-Nayar, N., 2019. The
global business cycle: Measurement and transmission.
National Bureau of Economic Research.