Strategic management
Globalization

It has been said that the world is becoming a global village in which there are no boundaries to trade and communication. Do the benefits of globalization outweigh the drawbacks?
Yesterday's video contained some useful ideas, but here are some more ideas from my ebook:
Positives of globalisation:
• Business is becoming increasingly international.
• A global economy means free trade between countries.
• This can strengthen political relationships.
• Globalisation can also create opportunities for employment.
• It encourages investment in less developed countries.
• It could reduce poverty in the developing world.
Negatives of globalisation:
• Globalisation can also lead to unemployment and exploitation.
• Companies move to countries where labour is cheap.
• This creates redundancies, or job losses.
• Some companies exploit their employees in developing countries.
• Salaries are low and working conditions are often poor.
• Global trade also creates excessive waste and pollution.
Risk Management
Natural Disasters and Corporate Risk Management
Natural Disasters usually bring unexpected and big losses, because it can not be predicted, prevented, or mitigated. Natural disasters are called pure risk or hazard risk in insurance. Hazard risk is externally driven factors. Such as hurricanes, earthquake, tornadoes, flood, fire, lightning etc.
Main goal for corporate risk management is to lessen losses and achieve and sustain possible benefits from each activity. Good risk Management team should be able to see downside and upside factors. Risk management team should be able to asses, estimate, report, treat, monitor and review risks.
For instance, recent disaster in Haiti was unpredictable and hurt every business in the country and business from other countries that were working with or in Republic of Haiti. Many millions direct and indirect losses, personnel losses, damage to the property were caused by earthquake.