Reference no: EM133174539
International Business Portfolio
Managing International Risk
Assignment Expectations
The Goal:
Analyze and assess the potential risks that may come with conducting business with your IBP. Examine your IBP country based on its political, economic, social, commercial, and natural risks.
*** You will need to include a bibliography for your research - MLA***
You are now becoming more expert on business matters in your IBP country. In addition to the facts and figures you have researched, you should also have newspaper and magazine articles that discuss everything from individual companies and the fiscal or monetary situation, to the popular tourist region. It's now time to write a risk assessment for your IBP country. In addition to the material you have in your IB portfolio, check the Web site for Canada's Department of Foreign Affairs and International Trade. It includes travel reports and advisories on risks ranging from the weather to the political situation in different countries.
The Goal: Assess the risk factors that may arise when conducting business with your IBP country.
The Task: Write a risk assessment for Japan. For each risk category you will:
- Risk Overview - Write a paragraph describing the general level of risk in the category.
- Risk Rating - Using a scale of 1 to 5, with "5" being a high-risk country and "1" being a low-risk country, how would you measure your IBP country according to "risk" generally?
- Risk Mitigation - Select 2 major risks. For each risk, describe one way you can offset or deal with it (a solution).
The Risk Categories
- Political risk - Include government policies and controls that affect prices and currency values.
- Economic/financial risk (be sure to focus on the currency of your country) - include government policies and controls that affect prices and currency values.
- Social/cultural risk - Missed opportunities based on ignorance of cultural practices of the country.
- Technical-commercial risk - Potential losses arising from the trading partners or the market. It is important to ensure that the trading partners are reliable.
- Natural/physical risk - Potential for natural disasters.
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