Research Paper on:
DECISION-MAKING, RISK MANAGEMENT AND GLOBAL BUSINESS

Unformatted Sample Text from the Research Paper:
projections, return on investment or labor issues. As a result, organizations find themselves having to restructure decision-making when they move from domestic activities into the international realm. Many times, multinational  corporations will also rely on risk management to build better-making decision techniques. Before we discuss decision-making methodologies in a global context, lets  first discuss what, precisely, risk management entails. Risk management is a formalized and systematic approach that minimizes a companys exposure to risk (Risk Management, 2009). There are many forms and  tools that are used to analyze a particular exposure to risk - the scientific management field has many thoughts and ideas about this, ranging from matrixes, to linear decision-making and  so on. Regardless of the tools used, however, the risk management process is geared toward ensuring a companys actions will mean less risk.  Making decisions on the international stage is extremely complex these days - global events such as presidential elections, illness (the avian flu scare of 2006) and the cost  of fuel (such as rising and lowering of oil prices) are ending up making risk management analysis somewhat more challenging (Cohen and Bremmer, 2006). Cohen and Bremmer point out that  even domestic firms with no overseas operations are involved in this, as its likely that their customers, suppliers or partners have some kind of international operation.  Using a simplistic form of this for a company that might want to enter a foreign market, the risk management process might include determining  the best ways to enter the market (export, foreign direct investment, joint venture), then determine, through research, which of these methods would entail the lesser risk. The information collected with