Training | Brexit, Political Risks and their Impact on Business
||Wednesday, 10 May 2017 09:00
||Wednesday, 10 May 2017 13:30
||Boulevard Bischoffsheim 11, 1000, Brussels, Belgium
||British Chamber members: €180.00 (incl. VAT)
Non-members: €240.00 (incl. VAT)
Business risks caused by political events have traditionally been a concern for companies investing in emerging markets. In the last few years political risks have also become a reality in advanced economies: unexpected results at the ballot box, international economic sanctions and new barriers to trade (to name a few) impact the environment in which businesses operate and can sometimes directly threaten their operations. This training is designed to help companies and individuals develop the skills to recognise and anticipate the impact of political developments on their business.
By the end of the training you will:
- Understand the concept of political risk and how it can impact business;
- Be aware of the possible impact of political developments on your business;
- Identify sources of political risk in a simple business scenario;
- Map out stakeholders and institutions and identify their basic interests in relation to an issue affecting their business;
This training is divided in to three sessions. Each session includes a concrete case study.
Session 1: What is political risk?
This session will discuss the concept of political risk and how it has evolved to include not only the risks to business posed by the actions of national governments in certain markets, but also of other stakeholders operating locally or internationally. A case study on how businesses and the government may be losing the debate on TTIP to NGOs in Germany caps the session.
Session 2: Identifying and assessing the impact of political risk on business
This session will make the concept of political risk relevant to your business. Stakeholder mapping, institutional context mapping and scenario planning can help a company identify and assess political risk in a market. We will cap the session with a case study of how Brexit may affect a company’s operations.
Session 3: Mitigating and monitoring political risk
This session will discuss three broad strategies for addressing and mitigating political risk in a market: adapt the business model, change the environment or stay away. We’ll talk about monitoring political risk in order to anticipate political developments. We will then think about how the risk posed by Brexit could be mitigated, using a case study.
With Dominique Orsini from Political Edge
Dominique Orsini | Managing Director | Political Edge
Dominique Orsini is the founder and managing director of Political Edge, a political risk and strategy consultancy with a European focus. Dominique has more than 15 years experience in international affairs, mainly as a political adviser, in the former Yugoslavia, Afghanistan and with the EU in Brussels. He holds a doctorate in International Relations from the London School of Economics and a postgraduate diploma in Global Business from the University of Oxford’s Saïd Business School.