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ERM IN THE GLOBAL BUSINESS ENVIRONMENT

COURSE TITLE: ERM IN THE GLOBAL BUSINESS ENVIRONMENT
COURSE CODE: SBRM6070

ERM in the Global Business Environment recognizes the global nature of the business conducted by enterprises and that are most evident in the conduct of multinational enterprises. Because firms exist in globalized markets where firm competition is extended and dynamic; all firms including those who consider themselves primarily “domestic firms” must recognize that competition in their home market can be affected by entry of foreign firms into their market. Such competition presents strategic risks for the enterprise and challenges for creatively managing the normally considered enterprise risks that it faces.

This course integrates a deeper understanding of the strategies practiced by firms as they enter foreign markets or their business expands over an extended geographical space; with the related challenges of managing the underlying measurable and quantifiable risks. Such risks relate to Credit extension, Foreign exchange trading, off-balance-sheet transactions, Country or Sovereign Risks, Liquidity, Insolvency, Market, Reputational, Operational and other risks. The course also seeks to address the inter-play of these risks across global horizons.

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