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Strategic Planning and Management Insights

Louisa Schabel & Jason Heckl

Louisa is a marketing student from Germany doing a summer internship at SME Strategy. She supports the marketing and client work, and enjoys doing business development. Jason is also part of the marketing and client team, bringing experience in copywriting and social media.

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Strategic Planning for Political Risk

[fa icon="calendar'] August 01 / by Louisa Schabel & Jason Heckl posted in Strategic planning, international strategy, risk management

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The never ending story of Brexit, American protectionism, and the Yellow Vest movement in France represent rising political risks, impacting organizations around the world. As a consequence, business leaders have to deal with challenging social-political situations and rising political uncertainty in their home markets on top of changing economic conditions regarding employment, finance, growth, and trade. Investment and growth plans have to be continually updated, and recruiting staff can become more difficult, while the cost of inputs like workforce and resources rise. Foreign political developments have the potential to devastate GDP, supply chains, export rate, wages, and more. As an example, the US trade war with China has had a severe effect on business in several countries. 

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