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Navigating Uncertainty: A Study of Risk Management Strategies in Global Operations

Kusuma R

Abstract


This research study focuses on the crucial necessity of risk management in global operations, addressing the primary problems that firms confront while operating across borders. Geopolitical instability, supply chain interruptions, economic swings, technical weaknesses, and environmental concerns are some of the issues at hand. Inadequate risk management can result in financial losses, operational inefficiencies, and reputational harm.
The study investigates realistic alternatives such as operational diversification, new technologies for real-time monitoring, financial hedging, and contingency planning to mitigate interruptions.


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References


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