In this second decade of the new millennium, whilst working with our Global constituency of contacts and clients it has become apparent to senior leaders of the Global Executive Training Development Association that one of the principal issues facing all parties embarked upon international efforts is the means available to specifically assay Strategic risk in the proposed target nation/region.
It is apparent to the Association that over time most global exponents can address risk per se. However, the matter of strategic or political risk either in the domestic or international environment, is an area known little about, and a means with which to assay is known even less.
In an increasingly global business environment, business decisions are becoming influenced and determined by actions of governments or the region within which nations lie, indeed the global environment is, today, influenced by powerful interests not always of good intent.
Political risk analysis involves, initially, understanding the legal and regulatory parameters within which a global entrepreneur, any global firm, must operate in a host country overseas
But as GETDA is apt to stress, the state of our world today also includes much more volatile, debilitating aspects.
Most corporations do not invest adequate time and effort into the task of strategic global risk analysis and most managers’ understanding of strategic global, or international political, risk tend to be subjective and superficial. Yet this issue is becoming more and more important to global corporations and international executives choosing to participate in the global arena.
While most global practitioners understand that a fundamental environmental scan of the intended region or of the host country or countries will yield some very basic information, in most cases this does not provide the expert perspectives of global specialists like those at the Association’ behest.
This is because any savvy global practitioner will understand that even though one can use a multiplicity of “off-the-shelf” texts to conduct some basic scans of the target environment, one should always bear in mind that texts are only as good as the time when they were published. The world is changing much faster then most publishers can handle, and the information they publish are often obsolete by the time they reach the stores.
While the various means with which to assess political risk, as mentioned above, can be very useful and effective in enabling corporations to strategically plan their business ventures into other countries, and to do so from a distance, it must be remembered that other means also exist. These methods are those that the Association includes in proffering Strategic Risk analysis services to its international contacts.
For instance, nothing quite takes the place of actually having experienced senior GETDA staff persons at your behest who have conducted recent site visits (always conducted after studying the results of a in-depth quantitative analysis at the Association’s offices in the region) to gauge things for themselves. Such analysis will allow the strategically-inclined/aware global organization to understand and to rate specific variables of the intended host country against those of other countries and obtain a relevant evaluation.
Succinctly GETDA does its own in depth research.
Even then GETDA does not constrain itself to the target nation alone. To do so would be to lessen our commitment to our contacts/clients. Instead we also survey circumstances among the target nation’s immediate neighbors and the region within which it lies.
Interested parties should contact GETDA to discuss Consultancy Services
Set out below is a list of nations/regions wherein GETDA has recently prepared Consultancy Service documents for client groups .
ASEAN Community Members
* Republic of Singapore
* Republic of Indonesia
* Kingdom of Thailand
* Socialist Republic of Vietnam
* People’s Republic of China
* Hong Kong Special Administrative Region
* Republic of South Korea
* Islamic Republic of Pakistan
* Republic of India
* Sri Lanka
* United Kingdom
* N. Ireland
* Eire – The Republic of Ireland