https://padlet.com/malligausm/BCO301_week2 Review in the context of Culture, Politics, Law and Business Risk. DISCUSS HOW LOCALIZED STRATEGY COULD MINIMIZE THE BUSINESS RISKS en-us 2017-03-05 23:06:36 UTC 2025-11-01 23:06:04 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Lightdecrease.png https://padlet.com/malligausm/BCO301_week2/wish/157899210 (1) First identify the international business risks. Click on the following slides
https://www.slideshare.net/SakshiJindal3/international-business-risk

https://www.slideshare.net/ibc-business-strategy/dealing-with-risks-in-internationa-business

(2) Then pick up ONE risk. Write  a clear statement on the risk that you want to address.

(3) Discuss SOLUTION taken/ to be taken for the above risk based on the localisation strategy

e.g. Cultural riks - Hiring the local employees

I would recommend you to use any link, video, image to support your presentation.]]> 2017-03-06 00:51:06 UTC https://padlet.com/malligausm/BCO301_week2/wish/157899210 https://padlet.com/malligausm/BCO301_week2/wish/157899582 Vivian, Sabrina,Sam&John]]> 2017-03-06 00:54:38 UTC https://padlet.com/malligausm/BCO301_week2/wish/157899582 https://padlet.com/malligausm/BCO301_week2/wish/157899663 Political risk can be avoided by offering assistance to poor communities within the host country. ]]> 2017-03-06 00:55:31 UTC https://padlet.com/malligausm/BCO301_week2/wish/157899663 https://padlet.com/malligausm/BCO301_week2/wish/157899722 WFD

Suppressing Dissent
Doe v. Unocal
Bowoto v. Chevron
Kiobel v. Shell
Wang Xiaoning v. Yahoo!]]> 2017-03-06 00:56:09 UTC https://padlet.com/malligausm/BCO301_week2/wish/157899722 https://padlet.com/malligausm/BCO301_week2/wish/157900675 2017-03-06 01:04:44 UTC https://padlet.com/malligausm/BCO301_week2/wish/157900675 https://padlet.com/malligausm/BCO301_week2/wish/157936607 2017-03-06 07:50:20 UTC https://padlet.com/malligausm/BCO301_week2/wish/157936607 https://padlet.com/malligausm/BCO301_week2/wish/159412089
(1) First identify the international business risks:
a) Political Risk, Exchange Risk, Transport Risk, Cultural Risk, Credit Risk, Market Risk

b) Cross-Cultural Risk, Country Risk, Currency Risk, Commercial Risk

2)Then pick up ONE risk. Write  a clear statement on the risk that you want to address: Political Risk is risk that the community in which the international business is located within, will undergo political changes that might negatively affect the business.

3) Discuss SOLUTION taken/ to be taken for the above risk based on the localisation strategy:  Through localisation, a business can minimse risk through modfying operations, the product mix or some other business element to suit the local culture and tastes. And also show sensitivitiy to local cultural and political issues. E.g. COCO- COLA - advertisements in India are often based around romance and bollywood, consisting of well-known actors/actress.
https://www.youtube.com/watch?v=XRbMFJposeg]]> 2017-03-11 03:04:06 UTC https://padlet.com/malligausm/BCO301_week2/wish/159412089 lct75iii https://padlet.com/malligausm/BCO301_week2/wish/161766683 Employment restrictions

Currency convertibility

Taxation inequality

problems faced by multi-national companies, and the way to alleviate the problem is to hire majority of local labor. Must provide economic benefits to the country where the corporation has a footprint, this can also be in the form of providing professional training and the sharing of skills and technological ideologies.

https://image.slidesharecdn.com/politicalrisk-123333355884-phpapp01/95/political-risk-1-728.jpg?cb=1233312049]]> 2017-03-22 11:19:28 UTC https://padlet.com/malligausm/BCO301_week2/wish/161766683