has grown. The potential consequences of leadership in these fields has forced a new attitude and approach onto governments that were once much more laissez faire and obliges Western companies to take more stock of how geopolitical currents are shaping — and heightening — their risk. The four factors of the national security economy can help them do so.Though each industry and market are different, there are several steps that firms can take to better navigate this new paradigm.
This is as simple as asking when considering a decision: “What are the geopolitical implications of the choice we are making?” Asking a question like this alone allows people to consider possible events that are low probability but high impact and plan contingencies accordingly.Many firms, especially in the West, have historically tried to separate business and politics. This is now a false dichotomy in many situations, especially in international contexts.
All the world’s a stage, And all the men and women merely players; They have their exits and their entrances Shakespeare
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