Cover image for Political risk : how businesses and organizations can anticipate global insecurity / Condoleezza Rice and Amy Zegart.
Political risk : how businesses and organizations can anticipate global insecurity / Condoleezza Rice and Amy Zegart.
First edition.
Publication Information:
New York : Twelve, 2018.
Physical Description:
321 pages : illustrations ; 24 cm
The blackfish effect: 21st century political risk -- Move over, Hugo Chávez -- How we got here: mega trends in business, technology, and politics since the Cold War -- Mind games and groupthink: why good political risk management is so hard -- Moving beyond intuition: our political risk framework -- The art of boat spotting: understanding political risks -- Analyzing risks like a physicist -- The nuclear triad, the empty plane, and other ways to mitigate risks -- Zulu time: responding to crises -- Strengthening your political risk muscles.
Examines the topic of political risk, discussing the essential lessons, corrective measures, and counterintuitive insights for executives, entrepreneurs, and investors to navigate an uncertain, volatile world.
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658.155 RIC Book Adult General Collection

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From New York Times bestselling author and former U.S. secretary of state Condoleezza Rice and Stanford University professor Amy B. Zegart comes an examination of the rapidly evolving state of political risk, and how to navigate it.

The world is changing fast. Political risk-the probability that a political action could significantly impact a company's business-is affecting more businesses in more ways than ever before. A generation ago, political risk mostly involved a handful of industries dealing with governments in a few frontier markets. Today, political risk stems from a widening array of actors, including Twitter users, local officials, activists, terrorists, hackers, and more. The very institutions and laws that were supposed to reduce business uncertainty and risk are often having the opposite effect. In today's globalized world, there are no "safe" bets.

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.

Author Notes

Condoleezza Rice was the National Security Advisor and the 66th U.S. Secretary of State in the administration of George W. Bush. She served as provost of Stanford University for 6 years and was the Soviet and East European Affairs advisor to President of the United States George H. W. Bush.

Rice earned her bachelor's degree in political science from the University of Denver; her master's from the University of Notre Dame; and her Ph.D. from the Graduate School of International Studies at the University of Denver.

Rice's books include, Uncertain Allegiance: The Soviet Union and the Czechoslovak Army (1984), The Gorbachev Era (1986) with Alexander Dallin, Germany Unified and Europe Transformed (1995) with Philip Zelikow, Condoleezza Rice: A Memoir of My Extraordinary, Ordinary Family and Me (2010), Extraordinary, Ordinary People: A Memoir of Family (2010), No Higher Honor: A Memoir of My Years in Washington (2011), and Democracy: Stories from the Long Road to Freedom (2017).

(Bowker Author Biography)

Reviews 1

Publisher's Weekly Review

Rice (Democracy), the former U.S. secretary of state and a political economy professor at Stanford's business school, and Zegart (Eyes on Spies), senior fellow at Stanford's Center for International Security and Cooperation, and the Hoover Institution, distill the advice they convey to M.B.A. students on how companies should handle political risks ranging from indignant activists on Twitter to hostile foreign states with teams of dedicated hackers. The text offers a detailed framework for responding, illustrated with true stories of corporate nightmares (including those of SeaWorld, which failed to properly respond to a critical documentary film and related viral tweets, and Sony Pictures, which had internal emails stolen, allegedly by North Korea) and risk-management exemplars (notably FedEx, which employs "a bevy of meteorologists working around the clock"). The framework's steps-understand, analyze, mitigate, and respond-are broken down in separate chapters, with useful questions business leaders must ask ("How can we limit the damage if something bad happens?") and actions they should take (forming a crisis team ahead of time with defined roles). Clearly written and timely, this book will interest not only current and future business executives but also would-be whistle-blowers and corporate watchdogs. Agent: Wayne S. Kabak, WSK Management. (May) © Copyright PWxyz, LLC. All rights reserved.

Table of Contents

1 The Blackfish Effect: Twenty-First-Century Political Riskp. 1
2 Move Over, Hugo Chávezp. 14
3 How We Got Here: Megatrends in Business, Technology, and Politics Since the Cold Warp. 55
4 Mind Games and Groupthink: Why Good Political Risk Management Is So Hardp. 78
5 Moving Beyond Intuition: Our Political Risk Frameworkp. 105
6 The Art of Boat Spotting: Understanding Political Risksp. 126
7 Analyzing Risks Like a Physicistp. 153
8 The Nuclear Triad, the Empty Plane, and Other Ways to Mitigate Risksp. 188
9 Zulu Time: Responding to Crisesp. 223
10 Strengthening Your Political Risk Musclesp. 257
Acknowledgmentsp. 263
Notesp. 267
Indexp. 309