Risk Management in International Business

Risk management in international business involves identifying, assessing, and addressing potential challenges that companies face when operating across borders. These risks can include political instability, currency fluctuations, regulatory changes, and cultural differences. By understanding and managing these risks, businesses can protect their investments, ensure compliance, and adapt to local markets. Effective risk management helps companies minimize losses, seize opportunities, and make informed strategic decisions, ultimately contributing to their long-term success in the global marketplace.