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Business/Organisational Risk It is a growing challenge to deal with the business and regulatory challenges of international expansion and change. The complexity of globalisation and multi-cultural needs imply that businesses today must cope with increasingly unpredictable economic, political, and social environments. In working with change and uncertainty, risk management is increasingly seen as a key discipline. For example the case of unpredicted high oil price in 2004 highlights the uncertainties and risks that can confront businesses. Investment decisions and feasibility studies of new projects must consider risk as a major factor. Recent high profile fraud scandals and the recent intolerance by the small shareholders towards management highlight such legitimate considerations. Our
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