Business Diplomacy Today Podcast

Business Diplomacy Today addresses contemporary international relations and geopolitics, looking at the issues from a business perspective. It helps business leaders anticipate changing political and societal trends, build and leverage political networks and take a proactive stake in societal and political matters that influence their business environment.

Episode #014: Corporate Strategy and Political Risk

In this episode, Matthias Catón speaks with Famke Krumbmüller, Executive Director of the Geostrategic Business Group at EY, on building a robust corporate strategy in a volatile world. Famke introduces us to definitions and sub-categories of political and geopolitical risk and how companies can enhance their risk management protocols to be more prepared and expectant as the density and intenseness of global levels of volatility rise.

With global examples, from France to China, Famke highlights the importance of businesses implementing and updating their geo-strategy; that is a holistic approach to managing political risk. Famke and Matthias apply this timely topic to various countries, including the rise of middle powers, and remind businesses of the importance of scenario planning to protect their models from anticipated events.