ARTICLE CHOICE ONE
A Framework for Integrated Risk Management in International Business Journal of International Business Studies, Vol 23, No.2 (1992),
P.311-331 by Kent, D. Miller
For this article:
(1) Based on your selected article (Miller 1992) explain what you understand by Risk, and discuss the differences between Risk and Uncertainty. Illustrate your work with examples.
(2) Describe and discuss in detail Three of Miller's categorizations of the uncertainties that MNCs face. Richly illustrate your answers with examples.
(3) From your answer in #2 above identify and discuss three major categories of responses to uncertainty and risk that a MNC might adopt in managing risk. Provide copious illustrations.
ARTICLE CHOICE TWO
Ship-Owners and the Twenty-First Century Somali Pirate: The Business Ethics of Ransom Payment
Journal of Business Ethics (2011) Vol.102, No.3, p.507-516
Paul Lansing and Michael Petersen
For this article:
(1) Identify and explain the tensions between businesses such as the shipping companies in the article achieving economic well-being for their shareholders and society achieving social well-being.
(2) Identify and explain the most important ethical issues and risks to all stakeholders raised in the Somali piracy article; and how these ethical and risk issues may impact ship-owners, businesses, international trade, and ultimately consumers and other stakeholders. Justify your viewpoint.
(3) Use your own professional, ethical and moral values to suggest a balanced and workable strategy for amicably resolving the ethical and risk issues arising from Somali piracy in international waters.
All details are in given above. Can pay as much you say but should be reasonable.