Risk and strategic consulting
Encyclopedia
Risk and strategic consulting refers to the provision of information, analysis
and associated services in the field of international politics
and economics
, with the aim of providing a better understanding of the risks and opportunities facing businesses, government
s and other groups.
In contrast to management consulting
, which primarily concerns internal organization and performance, risk and strategic consulting aims to provide clients with an improved understanding of the political and economic climate in which they operate. Most such consultancy is focused on those developing countries and emerging markets in which political and business risks may be greater, harder to manage, or harder to assess. Risk and strategic consulting is sometimes carried out alongside other activities such as corporate investigation, forensic accounting
, employee screening or vetting, and the provision of security systems, training or procedures. Some of the largest groups in the industry include Kroll Inc.
and Control Risks Group
, though the size and range of consultancies varies widely.
Risk and strategic consultancy does not generally involve the operational 'risk assessment' carried out by many companies and consultancies. Risk assessment in this sense covers the identification and management of commercial, operational and technical risks within existing operations or known markets. Risk and strategic consultancy also concerns countries and concerns similar to those of interest to private military companies, though the two industries are distinct. Risk and strategy consultancies should not be confused with international lobbying or advocacy groups, though there are occasional overlaps. Clients of risk and strategic consulting firms include companies, governments and government agencies, charities and non-government organizations, academic institutions and individuals.
Analysis
Analysis is the process of breaking a complex topic or substance into smaller parts to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle , though analysis as a formal concept is a relatively recent development.The word is...
and associated services in the field of international politics
Politics
Politics is a process by which groups of people make collective decisions. The term is generally applied to the art or science of running governmental or state affairs, including behavior within civil governments, but also applies to institutions, fields, and special interest groups such as the...
and economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, with the aim of providing a better understanding of the risks and opportunities facing businesses, government
Government
Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...
s and other groups.
In contrast to management consulting
Management consulting
Management consulting indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement....
, which primarily concerns internal organization and performance, risk and strategic consulting aims to provide clients with an improved understanding of the political and economic climate in which they operate. Most such consultancy is focused on those developing countries and emerging markets in which political and business risks may be greater, harder to manage, or harder to assess. Risk and strategic consulting is sometimes carried out alongside other activities such as corporate investigation, forensic accounting
Forensic accounting
Forensic accounting is the specialty practice area of accountancy that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally...
, employee screening or vetting, and the provision of security systems, training or procedures. Some of the largest groups in the industry include Kroll Inc.
Kroll Inc.
Kroll is a risk consultancy firm based in Midtown Manhattan, New York City. and established in 1972.- History:Kroll was founded in 1972 by Jules B. Kroll as a consultant to corporate purchasing departments...
and Control Risks Group
Control Risks Group
Control Risks is a global risk and strategic consulting firm specialising in political, security and integrity risk. Control Risks’ aim is to help its clients to understand and manage the risks of operating in complex or hostile environments...
, though the size and range of consultancies varies widely.
Risk and strategic consultancy does not generally involve the operational 'risk assessment' carried out by many companies and consultancies. Risk assessment in this sense covers the identification and management of commercial, operational and technical risks within existing operations or known markets. Risk and strategic consultancy also concerns countries and concerns similar to those of interest to private military companies, though the two industries are distinct. Risk and strategy consultancies should not be confused with international lobbying or advocacy groups, though there are occasional overlaps. Clients of risk and strategic consulting firms include companies, governments and government agencies, charities and non-government organizations, academic institutions and individuals.
External links
- http://www.political-risk.net
- http://www.riskworld.com/Organizations/Consultants/political.htm