Managing Business Operations in a Volatile Political Environment
Keywords:
Business Operations, Political Instability, Risk Management, Regulatory Changes, Scenario Planning, Agility, Political Risk, Volatile Environments, Business Resilience, Strategic PlanningAbstract
Operating a business in a volatile political environment presents unique challenges that can impact organizational performance and strategy. This paper explores the ways in which businesses can effectively manage their operations amid political instability. It examines the risks associated with volatile political climates, such as regulatory changes, economic sanctions, and civil unrest, and provides strategies for mitigating these risks. Additionally, the study highlights the importance of agility, risk management frameworks, and scenario planning to navigate uncertainty. By analyzing case studies and industry practices, this research outlines the best practices for businesses aiming to maintain resilience and continuity in politically volatile regions.