100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary OBS 359: Unit 7 $3.41   Add to cart

Summary

Summary OBS 359: Unit 7

 9 views  0 purchase
  • Course
  • Institution

This is Unit 7, which is also Chapter 5. I have made notes for semester test one and I made very visual summaries of the notes for semester test 2. Although they look very summarised, I have used past papers, lecture slides, lecture notes, the textbook and online notes to create these aesthetic not...

[Show more]

Preview 2 out of 5  pages

  • May 18, 2023
  • 5
  • 2022/2023
  • Summary
avatar-seller
Nationalisation:

Nationalisation: a process in which a
government takes control or ownership
of a company or industry.

- Belief that gov can manage a
public good/ necessity better
than private, profit-driven sector.




Privatisation:

Privatisation: selling of government
owned property to the private sector




Government Stability and Protection

Businesses prosper most when there is a stable government with policies that are permanent or
that change only gradually. Business likes peace and predictability because they provide stability
and safety for assets and people.

, Country Risk Assessment and Countermeasures to Threats

Country Risk Assessment (CRA): an assessment of a country’s economic situation & politics to
determine how much risk to employees, property, + investment exists for the firm doing business
there.

Country risks can come from political factors (wars, revolutions, coups), economic and financial
factors (balance-of-payments deficits, high inflation rates, loans that are unpaid or in arrears),
labour conditions (labour productivity can be low, labour unions may be militant), legal factors
(laws may be changed that govern taxes, currency convertibility, tariffs, quotas, labour permits).

The types of information a firm will need to judge country risks vary according to the nature of its
business and the length of time required for the investment, loan, or other involvement to yield a
satisfactory return.

Available countermeasures:
Know country and region so risk-assessment is realistic
o Real-time country-by-country risk analyses are available and must be used so that
managers have a realistic view of the possible dangers in their environment

Outsourced skills as needed to cope with crisis
o Outsource businesses who specialise in coping with crises once they occur who will be
able to assist in providing increased security, medical evacuations, hostage negotiations,
and high-stake rescues

Train for daily living skills (evasive driving, avoidance of routine, hardened cars)
o Employee training programs can provide a measure of defence against threats: local
awareness programs for executives and their families (how to vary routes and be
cautious and aware of your surrounding) and antiterrorism training courses for executives
(covering defensive driving techniques, escape tactics, and crisis management)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller hannahashleighsteven. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $3.41. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$3.41
  • (0)
  Add to cart