Abstract:
This study took a conceptual approach to unraveling the political and legal environments impact on business operations. The study explains the link between business operations and adaptation to political policies capable of disrupting workflow. Political risk is a major issue that impacts firms' policy formation, implementation, and objective achievement. To adequately cope with political uncertainties, an understanding of political risk analysis procedure is paramount to free hitch business operation. Firstly, is to ascertain issues of relevance to Firms' through need assessment. Secondly, is Assessing potential political events, and lastly is addressing political risks through relationship building. Furthermore, the research outlined risk analysis, consulting local partners, and political risk insurance as the strategies needed in the management of political risks.
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