Summary P1, P2, Global Presence: Key Factors & Strategic Complexities of International Operations

P1, P2, Global Presence: Key Factors & Strategic Complexities of International Operations P1, P2, Global Presence: Key Factors & Strategic Complexities of International Operations Content Global Business Envronment........................1 Cost ................................................................2 Market...........................................................3 Environment ..................................................4 Competition ...................................................5 CAGE FRAMEWORK.......................................6 Diversity.........................................................7 Interdenpendence .........................................8 Ambiguity ......................................................9 Flux.................................................................10 Benefits and challenges................................11 Conclusion......................................................12 References .....................................................13 1. Global Business Environment Globalization has been an influence on every aspect of modern life. It can be linked to the national, regional and the local environment. While many people are not widely travelled, they purchase an overwhelming number of goods that are manufactured all over the world. The world is continuing to become a smaller place to be because of globalisation. We are moving from selfcontained countries to a more integrated business world were business are presented with opportunities and challenges as they grow. In the business environment, the marketing, production and distribution of goods and services are done on an international scale. Technological advancements, transport and communication systems have aided in this environment. The financial and trade regulations have adapted to these changes. In the economy, it has created extensive changes. The economic markets have expanded. We can be able to buy and sell faster through foreign exchanges. (Baron et al.,2003) The countries with open borders can attract opportunities for businesses thus improving their employment and growth rates. Those nations that protected their companies from external competition often experience a hard time opening up to economic markets, but their goods and services have the potential to expand to international standards. Also, Trade barriers have been reduced. This has resulted in more imports and exports. Eliminating the obstacles is an incentive for businesses growth. Another change of globalisation is communication. The communication becomes instantaneous. Being able to communicate from anywhere in the world becomes easy. This paper seeks to discuss the Global Business environment in-depth analysis of the factors contributing to the Globalization of business and the challenges faced by the organisations operating in the global environment.