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The Rise and Fall of Political Risk Assessment

The Rise and Fall of Political Risk Assessment Political risk assessment PRA is an integral part ofenvironmental scanning, which in turn is one of the key requirements foreffective strategic planning and corporate decision making. Why, then,have a number of multinational corporations MNCs discontinued theirpractice of this vital corporate function Examines the tendency of bothEuropean and USbased MNCs to discontinue the function and postulatesthree reasons for this occurrence 1 the increased riskiness ofinternational business has caused a retrenchment of overseas operations,particularly by the smaller MNCs, and thus a decreased need for PRA 2a profit squeeze has led to the externalization of manycorporate staff functions, including that of PRA and 3 the failureadequately to incorporate the results of PRA into corporate decisionmaking. Nevertheless, there has never been a greater need for PRA. Theprincipal challenge facing management is better to integrate PRA intocorporate decision making. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Decision Emerald Publishing

The Rise and Fall of Political Risk Assessment

Stapenhurst, Frederick
Management Decision , Volume 30 (5) – May 1, 1992
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References (6)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0025-1747
DOI
10.1108/00251749210015706
Publisher site
See Article on Publisher Site

Abstract

Political risk assessment PRA is an integral part ofenvironmental scanning, which in turn is one of the key requirements foreffective strategic planning and corporate decision making. Why, then,have a number of multinational corporations MNCs discontinued theirpractice of this vital corporate function Examines the tendency of bothEuropean and USbased MNCs to discontinue the function and postulatesthree reasons for this occurrence 1 the increased riskiness ofinternational business has caused a retrenchment of overseas operations,particularly by the smaller MNCs, and thus a decreased need for PRA 2a profit squeeze has led to the externalization of manycorporate staff functions, including that of PRA and 3 the failureadequately to incorporate the results of PRA into corporate decisionmaking. Nevertheless, there has never been a greater need for PRA. Theprincipal challenge facing management is better to integrate PRA intocorporate decision making.

Journal

Management Decision – Emerald Publishing

Published: May 1, 1992

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