A Strategic Risk Management Framework for Multinational Enterprise

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A Strategic Risk Management Framework for Multinational Enterprise

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dc.contributor.author Juul Andersen, Torben en_US
dc.date.accessioned 2009-02-04T10:27:18Z
dc.date.available 2009-02-04T10:27:18Z
dc.date.issued 2005-09-28T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7426
dc.description.abstract Liberalizations of international trade and improvements in communication and information technologies allow companies to organize around extensive multinational structures of cross-border sourcing networks. In a freely interacting market setting multinational enterprise is exposed to financial and economic risks that can be monitored within conventional reporting systems and managed through use of various derivative instruments. All the while, a dispersed multinational structure can be vulnerable to disruptions caused by changing economic conditions, competitive moves, and geopolitical developments as well as natural disasters and terrorist events that are difficult to forecast. Consequently, current risk management techniques span from conventional gap analyses and quantitative value-at-risk measures of market-related exposures to more qualitative assessments of competitive exposures and low-frequency high-impact disaster events based on scenario analyses. Hence, there is a need to consider risk management approaches that integrate relatively transparent financial exposures with the consequences of uncertain and hard-to-quantify event risks. This paper outlines the contours of such a strategic risk management framework incorporating conventional exposure measures and simulation techniques to assess vulnerability and responsiveness in a turbulent global setting. en_US
dc.format.extent 27 s. en_US
dc.language eng en_US
dc.relation.ispartofseries SMG Working paper;2005-003 en_US
dc.subject.other computerized simulations en_US
dc.subject.other derivative instruments en_US
dc.subject.other real option structures en_US
dc.title A Strategic Risk Management Framework for Multinational Enterprise en_US
dc.type wp en_US
dc.accessionstatus modt05sep27 miel en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Center for Strategi og Globalisering en_US
dc.contributor.departmentshort SMG en_US
dc.contributor.departmentuk Center for Strategic Management and Globalization en_US
dc.contributor.departmentukshort SMG en_US
dc.idnumber x656503644 en_US
dc.publisher.city København en_US
dc.publisher.year 2005 en_US


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