3. International Risk Management

International Risk Management involves identifying, assessing, and mitigating potential risks that businesses face when operating across borders. These risks can include political instability, currency fluctuations, regulatory changes, and cultural misunderstandings. Companies develop strategies to minimize these risks through thorough research, insurance, and contingency plans. Effective risk management helps organizations make informed decisions, protect their assets, and maintain stability in diverse markets, ultimately contributing to their long-term success in the global economy.