Political Risk Intelligence for Business Operations in Complex Environments
Published 2023 by Routledge
This book’s genesis was actually an initiative to update and revise political risk management training material. It was such an extensive exercise that writing a book did not seem like such a stretch. One premise of the book was that most published works, while instructive in their own ways, did not really get to the nuts and bolts of political risk at the level of country operations. Experienced readers still seemed to seek a nuanced understanding of how political risk manifested, and even more, how it could be understood and planned for. Political risk, and frameworks to analyse and plan for it, are a significant focus of the book. However, it also covers relevant intelligence concepts and practices in some detail, since they underpin any exercise to elucidate political risk to a given operation.
A Short Guide to Political Risk
Published 2010 by Gower (later Routledge)
This book was part of Gower Publishing’s Short Guide series on risk. It was necessarily concise, and sought to provide readers with an introductory understanding of political risk, and political risk analysis and management approaches. It addressed both country and global level challenges and planning, and was principally focused on overseas operations as opposed to arms’ length financial investment. While now quite old, as a conceptual and practical introduction it seems to be standing the test of time.
Chapter 13, Political Risk, in The Risk Management Handbook, 2nd Edition (E.d. David Hillson)
416 pages (Chapter 13 is 20 pages)
Published 2023 by Kogan Page
Robert McKellar wrote the chapter on political risk for the first edition of The Risk Management Handbook, which was published in 2016. The book’s editor, David Hillson, decided that given the pace of change both in risk management and in the character of business risk, a second edition was in order. I have not perused the 2016 edition for some time, but I can say that the second one examines risk and risk management from diverse perspectives, and not only is each instructive in its own right, but the conceptual links and distinctions are absorbing. In the 2023 edition, the political risk chapter gives equal treatment to global and country-level political risk, and elaborates on the link between global and operational assessment and planning.