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Using the Opacity Index to Manage the Risks of Cross-border Business
Harvard Business School Press
November 2007
On Sale: November 6, 2007
240 pages ISBN: 1422103463 EAN: 9781422103463 Hardcover
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Non-Fiction
With globalization a reality, companies no longer have a
choice about whether to do business across borders. But it
contains hidden risks—and firms need strategies and tactics
for recognizing and managing those risks. In Global Edge,
Joel Kurtzman and Glenn Yago offer two breakthrough tools
for better managing the hard-to-see perils of going global. Their CLEAR framework explains the specific—and potentially
expensive—challenges businesses face overseas: corruption,
the legal system, enforcement policy, accounting standards
and governance, and regulatory developments. And the Opacity
Index (a proprietary tool updated online for readers)
measures how countries are ranked relative to each CLEAR
factor, so companies can balance their exposure. Drawing on a decade of fieldwork with companies and
governments, the authors present a new way to anticipate,
analyze, and manage hidden global business risks. In an age
when a systematic understanding of global risks is still in
its infancy, this insightful and practical guide takes the
subject from the realm of academic interest and plants it
squarely in management circles.
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