Tensions Rising: Navigating Geopolitical Risks
In 2022, major geopolitical risk became reality. In these volatile times, the organisation’s focus needs to be on anticipating change and creating resilience.
Transition risk is a recognized challenge and the integration of effective management and response models into corporate agendas are crucial to resilience. Geopolitical risk is linked to transition and thus cannot be considered as a topic confined to discussions in think-tanks or academic circles, it has to be considered a dynamic issue that impacts all organisations with international footprints. In these increasingly volatile times, accentuated by the Covid-19 pandemic, geopolitical change can lead to an increase in existing risks and create additional challenges due to emerging or unknown risks.
When geopolitical forces risk creating disruption, the organisation’s focus has to be on anticipating change. Preparation creates the ability to successfully manage the challenges and gain a competitive edge but this requires a cross-functional approach to develop and coordinate effective strategies.
Key educational message
The session will present practical examples of scenarios that represent potential future realities, some that have not been dealt with before. It will consider specific actions that organisations can implement to anticipate and understand future challenges. Participants will be encouraged to reflect upon the structure of their organisations and how existing policies could be improved.
Find more about this topic on FERMA’s work in this area below:
- Webinar How do Risk Managers manage the war in Ukraine?: Click here