“Managing risks means identifying them one by one and making a plan to minimize their impacts on the business.”
Moving into new markets and/or product areas is inherently risky and therefore there is a greater aspiration for addressing it properly.
We take vital measures in managing your international risk by identifying the potential threats that your firm could face in targeted foreign markets, including:
External threats that are unpredictable and uncontrollable: Regulatory or government intervention, natural hazards, unanticipated environmental or social impacts like political unrest.
External threats that are predictable but uncontrollable: Market risks, cost fluctuations, competition, honouring of agreements, distribution failures, currency fluctuations, inflation and changes to taxation.
Internal threats that are generally controllable: Management inadequacy, inappropriate structure, poor policies, inadequate planning, excessive reliance on one individual for a critical part of the project (especially in smaller firms), cost overruns and cash flow squeezes.