SASOL's Adaptation to the Global Business Environment: A Report

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This report provides an analysis of SASOL's global business environment, focusing on the concept and driving factors of globalisation, and applying a PESTLE analysis to illustrate global influences on the organisation. It identifies key drivers such as trade liberalisation, cost differences between countries, rapid technological changes, and international partnerships. The report also addresses the challenges and complexities that globalisation presents, including high investment costs, potential job losses, and the impact of taxes and import duties. Specific recommendations are provided for SASOL's managers, emphasising the importance of hiring skilled talent and providing comprehensive training and development to prepare employees for international operations. The report concludes that while the global business environment is fraught with uncertainties and risks, it also offers significant opportunities for businesses to thrive. Desklib provides access to similar solved assignments and past papers for students.
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Global business Environment
Part 1
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Table of content
Introduction to the concept of globalisation
Driving factors of globalisation
PESTLE analysis
Complexity of strategic challenges of globalisation
Specific recommendations
Conclusion
References
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Introduction
Global business environment can be
described as environment where there
are different countries that consist
different factors of one countries and
crate influence over use and capabilities
of resources. This project report includes
study of SASOL which is an integrated
chemical company that is based on
South Africa
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Introduction of
globalisation
Globalisation can be described as
process through which people,
companies, government of different
countries are interconnecting. It is a
process that accelerate speed of
international trace and cultural
exchange. It is a result of advancement
of transportation as well as
communication technology.
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Appropriate PESTEL analysis
to illustrate global influence
on organisation of SASOL
PESTEL analysis can be considered as macro environment tool that allow
business to identify different factors present in market and create impact over
business. Explanation of these factors in context of companies are mentioned
below:
Political Factors
Economic Factors
Social Factors
Technological Factors
Legal Factors
Environmental Factors
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Key driving factors of
globalisation
Globalisation is one of important term which provide opportunity to a
country. There are different factors that are contributing to companies to
sell their products and service to another country. Explanation of these
factors are mentioned below:
Trade liberalisation
Difference among cost of countries
Rapid change in technology
Partnership between countries
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Challenges and complexities that
globalisation bring to organisation
Globalisation provide various benefits to economy of a country that
develop various job opportunities in a country, provide opportunity to
access to resources. But at same time, there are various challenges of
globalisation. Explanation of these challenges in context of globalisation
is mentioned below:
High investment cost
Loss of job
Taxes and import duties
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Recommendation
From above mentioned discussion, it can be recommended to
managers of SASOL that they should hire skills and talent people
in their workforce that allow them to compete in market in
effective manner.
It is also advised to managers of SASOL to provide proper training and
development to employees that will prepare them for international
operation.
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Conclusion
From above mentioned discussion, it can be concluded that global
business environment is full of uncertainties and risk but at same
time, it provide opportunity to business. There are various factors
present in global business environment that create impact over
operating including political, technological, legal, environmental,
economic and other factors.
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References
Orel, M. and Kubátová, J., 2019. Coworking as a model for
conscious business. Journal of Global Responsibility.
Varshney, D., 2020. Employees’ job involvement and
satisfaction in a learning organization: A study in India's
manufacturing sector. Global Business and Organizational
Excellence, 39(2), pp.51-61.
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