The Topic that Ichose is "Source of risk in global business

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Sources of Risk in Global Business 
Globalization has provided business enterprises with immense opportunities, and these 
opportunities have triggered the interest of global expansion of businesses among entrepreneurs. 
But with global expansion of businesses comes the risk of such expansion. Global Credit Risk: 
World, Country and Industry Factors 
Global business risk may be defined as the factor which is the outcome of the blending of 
several different factors, and in this respect it must be noted that, global risk is the amalgamation 
of endogenous and exogenous dimensions that contribute to either stunting the growth of a 
business or to help in the process of development (if the concerned factors can be properly taken 
into account and addressed likewise) (Franck, 2008). One should note that, “Endogenous 
uncertainty arises from the nature of the internal (i.e. project and organization level) 
environment. Exogenous sources of uncertainty, in turn, arise at three levels: industry, 
competition and external environment” (Franck, 2008). And the combination of the aforesaid 
uncertainties rive rise to what is known as global business risk. Moreover, it is also to be taken 
into account that global business risk is associated with the size and degree of loss, the 
probability of such loss, the variance and the lack of information about the processes that could 
be applied for mitigating such problems that resulted in the loss (Franck, 2008).  
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The Topic that Ichose is "Source of risk in global business

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