Evaluating country risks is a crucial exercise when deciding where to set up operations in a foreign country. While some risks can be managed with insurance or hedging strategies, others can be measured with a risk-analysis. Though uncertainty will remain in either case, it can be transformed into planned uncertainty, with no surprises in store and contingency plans in place. The author discusses the analytical frameworks a business should examine as it evaluates risk and creates a strategy to manage the uncertainties.
Author: David Conklin
Source: Ivey Business Journal
Subjects: International, Risk Management