Perspectives on Strategic Risk Management
The multinational corporation is exposed to many diverse risks and exogenous influences beyond managerial control but also attain new strategic opportunities. The exposures range from price volatilities, changing macroeconomic conditions, and operational disruptions to technological innovations, competitive moves, and socio-political events.
Strategic risk management can reduce the adverse effects from these exposures but may also furnish gains from new opportunities.
This book relates to the need for effective strategic risk management practices that facilitate the ability to monitor essential exposures and respond appropriately to changing environmental conditions.