Whether responsible for R&D, sales, operations, supply-chain, finance, marketing or human resources, we all have to consider risk management in our work. Things get especially challenging when you add the global context and have to figure out the risk parameters of a foreign country. One of the challenges we typically don’t expect in global risk management is a coup. Considering the current situation in Turkey as an example, what risks or opportunities face a U.S.-based service provider or company? And, what should you do when affected by swift changes in a host country?
A single word has made its way around the world this week: Brexit. “Britain has voted to exit the European Union” has headlined every major news outlet, and this historic decision has been the topic of discussion for politicians, economists, businessmen, and citizens alike. Everyone seems to have their own opinion of Brexit, but one thing is clear: the economic effects of this decision on Britain, the European Union, and the rest of the world are still unknown.
We have compiled the thoughts and opinions of three of Lake Forest Graduate School of Management’s own Business Leader Faculty®: Robert Gross, Co-Founder and Senior Managing Director of Prairie Capital Advisors, Jeff Anderson, President and CEO of LFGSM, and Remo Picchietti, Partner at The Junto Institute for Entrepreneurial Leadership.
Through Lake Forest Graduate School of Management’s (LFGSM) Global Focus Program, 15 students spent the Winter 2 term studying the Mexican economy and the week of January 25 in Mexico City. This immersive program offered the students an opportunity to focus on the Mexican business environment using a two prong approach: an innovative and flexible framework of traditional classroom experience coupled with a structured in-country experiential learning.