TITLE:
Risk Management Tactics during the Globalization of the Enterprise
AUTHORS:
Zhihong Li, Dingbang Wu
KEYWORDS:
Risk Management, Globalization, Transnational enterprise, Tactics
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.9 No.9,
September
29,
2021
ABSTRACT: The globalization is the needed path of the enterprise when its business has been developed to a certain stage since the global market connects more and more closely. Because of the influence from the politics, competition and culture, etc., the enterprise is bound to meet with multiple uncertainties or dangers. How does the enterprise cope with these risks? The enterprise must respond to this question beforehand. Therefore, the paper first exposes the current situations of the globalization and its functions to the business, next analyzes the evolution trend of the enterprise, then discusses some approaches to identify the risks during the business globalization, finally puts forward some tactics to deal with the risks for the enterprise to do the transnational business.