The Impact of Globalisation on South African Businesses: Some Leadership Thoughts

Abstract

The main objective of this research was to explore the impact of globalisation on South African businesses from the perspective of business leaders. A qualitative research approach was followed with semi-structured interviews conducted with five business leaders. The findings showed that the global economic crises, legislation, sustainability, stakeholder engagement, poverty and increased competitiveness are the key factors relating to globalisation and the impact thereof on South African businesses. The outcomes of this study can assist current business leaders in taking cognisance of global factors affecting their business and take proactive measures to eliminate the adverse impact of a rapid changing business environment.

DOI: 10.5901/mjss.2014.v5n9p215