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Political Risk: How Businesses and Organizations Can Anticipate Global Insecurity Hardcover – Illustrated, May 1, 2018
| Amy B. Zegart (Author) Find all the books, read about the author, and more. See search results for this author |
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POLITICAL RISK investigates and analyzes this evolving landscape, what businesses can do to navigate it, and what all of us can learn about how to better understand and grapple with these rapidly changing global political dynamics. Drawing on lessons from the successes and failures of companies across multiple industries as well as examples from aircraft carrier operations, NASA missions, and other unusual places, POLITICAL RISK offers a first-of-its-kind framework that can be deployed in any organization, from startups to Fortune 500 companies.
Organizations that take a serious, systematic approach to political risk management are likely to be surprised less often and recover better. Companies that don't get these basics right are more likely to get blindsided.
- Print length336 pages
- LanguageEnglish
- PublisherTwelve
- Publication dateMay 1, 2018
- Dimensions6.5 x 1.13 x 9.25 inches
- ISBN-101455542350
- ISBN-13978-1455542352
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Editorial Reviews
Review
"Smart. Informative. Overdue. Will completely change the way you think about political risk."―p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: center; font: 12.0px Arial; color: #2d2d2d}Eric Schmidt, former CEO of Google and Alphabet, Inc.
"Secretary Rice and Dr. Zegart have melded their professional experiences of managing political risk at the highest levels with other case studies into a uniquely useful and profound book."―p.p1 {margin: 5.0px 0.0px 5.0px 0.0px; text-align: center; font: 12.0px Arial; color: #275d90}span.s1 {color: #2c2c2c}Frederick W. Smith, chairman & CEO, FedEx Corporation
"Political risk was once centered on honest-to-goodness political actors -- governments, central banks and the like. But as Rice and Zegart clearly show, technology has forever changed who counts as a 'political actor.' This book is truly excellent, both for tracing how far the political risk field has come in the last two decades, and how much further it has left to go."―p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: center; font: 12.0px Arial; color: #2c2c2c}Ian Bremmer, president, Eurasia Group
"Clearly written and timely, this book will interest not only current and future business executives but also would-be-whistle-blowers and corporate watchdogs."―Publishers Weekly
Praise for Democracy: Stories from the Long Road to Freedom
"[An] accessibly written study of that imperfect but ideal form of government...[One that] deserves a broad audience, especially in our current political climate."―Kirkus Starred Review
"[A] ringing call for democracy promotion...Ms. Rice should be commended."―Max Boot, The Wall Street Journal
"Working daily alongside Condi at the White House and State Department, I witnessed firsthand her foundational belief in the power of human freedom and the crucial need for democratic institutions to protect it. This book, full of fascinating anecdotes and insights, is a sweeping view of the global struggle for democracy and a must-read for all who care about the future peace of the world and its people."―Karen Hughes, former under secretary of state for public diplomacy and public affairs
About the Author
Amy Zegart is the Davies Family Senior Fellow at the Hoover Institution; Senior Fellow and Co-Director of Stanford University's Center for International Security and Cooperation; and professor of Political Science, by courtesy. She is the author of three books about U.S. intelligence challenges: Flawed by Design: The Evolution of the CIA, JCS, and NSC; Spying Blind: The CIA, the FBI, and the Origins of 9/11; and Eyes on Spies: Congress and the United States Intelligence Community.
Product details
- Publisher : Twelve; Illustrated edition (May 1, 2018)
- Language : English
- Hardcover : 336 pages
- ISBN-10 : 1455542350
- ISBN-13 : 978-1455542352
- Item Weight : 1.2 pounds
- Dimensions : 6.5 x 1.13 x 9.25 inches
- Best Sellers Rank: #564,275 in Books (See Top 100 in Books)
- #193 in Financial Risk Management (Books)
- #382 in Government Management
- #1,326 in International Business & Investing
- Customer Reviews:
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About the author

Amy Zegart is a senior fellow at the Hoover Institution and the Freeman Spogli Institute at Stanford University, where she co-directs the Center for International Security and Cooperation. She is also professor of political science, by courtesy, and a contributing editor to The Atlantic.
Before coming to Stanford in 2011, Zegart served as professor of public policy at UCLA’s Luskin School of Public Affairs and spent several years as a management consultant at McKinsey & Company.
Her research interests focus on U.S. intelligence challenges, cyber security, grand strategy, and American foreign policy. She has authored several books, including Flawed by Design: The Evolution of the CIA, JCS, and NSC, which won the highest national dissertation award in political science, and Spying Blind: The CIA, the FBI, and the Origins of 9/11, which won the National Academy of Public Administration’s Brownlow Book Award.
She is currently writing a book with Condoleezza Rice about how business leaders can manage political risk (Political Risk, Twelve Books, 2018) based on a course they have taught together for the past several years at the Stanford Graduate School of Business.
Zegart was featured by the National Journal as one of the ten most influential experts in intelligence reform. She served on the Clinton administration's National Security Council staff and as a foreign policy adviser to the Bush-Cheney 2000 presidential campaign. She has also testified before Congress, provided training to the Marine Corps, and advised officials on intelligence and homeland security matters. Her commentary has been featured on national television and radio shows and in the New York Times, Washington Post, Los Angeles Times, and elsewhere.
A former Fulbright scholar, Zegart received an AB in East Asian studies magna cum laude from Harvard University and an MA and PhD in political science from Stanford University. She grew up in Louisville, Kentucky.
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The book defines political risk analysis as " the probability that a political action could significantly affect a company's business". This is a vague definition but a broad one that encompasses a wide variety of political actors from twitter users to cross-national groups like the United Nations and includes a 10 types of political risks like, Geopolitics, Terrorism, and natural resource manipulation that account for nearly any political action a company might face. The following chapters include important topics like developing a system to integrate risk into decision making and company culture, the value of building local relationships, measuring your company's risk appetite, and how to effectively respond to a crisis. The authors, to their credit, have included a couple of chapters on the challenges analysts face in forecasting political risk and briefly touch upon several important factors like cognitive bias and mental mindsets that hinder analytical thinking. For anyone with an education or experience as an intelligence analyst or spent time working in security or international relations oriented jobs these chapters are mostly review and and only briefly touch upon problems and techniques analysts actually use.
Some of the best suggestions in the book come on the topic of mitigating risk. The authors clearly understand that not all political risks can be anticipated and to mitigate risk companies need to diversify and disperse their assets. Relying too heavily on certain markets, strategies, or leaning heavily on brand image, can leave a company vulnerable to political and market risks that may cause the company to collapse if not managed right. Real world business and security examples heavily back up the authors' arguments about the need to integrate and mitigate risk at a systematic level. The problem, the author's contend, is that business students in general are not taught to think about political risk when engaging in case studies or weighing the potential costs and benefits of expanding into a new market. The author's illustrate this by using a case study asking the students whether they would invest in Myanmar as a cellphone company partnering with the Burmese military. All the students gravitate towards utilizing demographic data, date on lifestyle choices, and data on economic and disposable income, to decide whether the product would have a sizable market to be a viable investment. The students, however completely missed the case information surrounding the ethnic conflict and insurgency in the area and therefore completely neglected the risk surrounding insurgent attacks and the brutal military crackdown by their Burmese military partner that made the decision to enter the market particularly dangerous. This sobering assessment of how political risk is undervalued ,even by Stanford MBA's, fits completely with my own experiences as a business student.
This book is a fantastic introduction to political risk analysis for entrepreneurs, business and MBA students, and CEOs, and is a much needed introduction to an undervalued and little studied field for those in the business world. This book is not a guide on how to asses country risk, conduct geopolitical forecasting, or learn about structural analytical techniques, and as such is not a "how to" manual for would be political risk analysts. For those looking for more on the analytical techniques and strategies I highly recommend Superforecasting: The Art and Science of Prediction and Psychology of Intelligence Analysis .












