Week2_Culture_1-18.txt - Risk and Control Political and...

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Risk and Control Political and Legal Environments Risk and Control - Management / Legal Perspective Cross National Cooperations and Agreements (within a strategic plan) FCPA (Processed in Nigeria) - "Quick Case" Reality + Initial Introduction to Structure Mitigate Risk Maximize Control Various Perspectives - Managerial, Legal, Opportunity-Seeking Issues to Increase Market Share, Profit Organizational/Hierarchical Determinants - Culturally Based - Risk Taking Propensity - Group Think Phenomena Types of Risks: economic, financial and currency risk, taxation risk, security, legal/administrative, political Political Systems: - classifying political systems -> authoritarian government -> democratic government - assessing democracies -> rule of law: primacy of laws over the will of individuals, including both rules and ruled -> predictability gives investment incentive -> too much rule of law creates bureaucracy -> civil society: volunteer groups representing cultural, religious, and political diversity within society
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