Leading marketing communications and public affairs firm SPAG Asia announced the launch of its new service offering â€“ Political Risk Analysis â€“ to help global entities take informed business decisions and mitigate risks arising due to political uncertainties and policy paralysis.
A white paper Political Risk Analysis â€“Measuring Political & Business Scenario and Associated Risks was also launched on the occasion.
Announcing the new service offering, SPAG Asia Managing Partner Aman Gupta said, â€śWith political risks rising up the boardroom agenda, corporate leaders and risk managers across entities need to be empowered to assess the ground realities before taking a business decision. Our expertise combined with quantitative and qualitative data, management and policy politico analysis will allow us to provide our clients with commercially relevant research and analysis which will enable them to identify new opportunities and mitigate risks.â€ť
- Economic and political risk assessment
- Regulatory risk analysis
- Market entry and shaping strategy
- Parliamentary monitoring
- Media monitoring and analysis
Independent political commentator Ashok Malik said that with the region emerging as a sought after destination for most businesses, it is imperative to assess the ground realities before taking a decision on their market entry or shaping strategies. â€śMore so, as many countries like India, Indonesia, Thailand, Myanmar, and Bangladesh, to name a few are going to polls soon or are experiencing electoral uncertainty. Political risk analysis has emerged as the most significant tool for most business entities. The assessment of political risk enables your business to make better decisions, negotiate fair contracts and create risk mitigation strategies.â€ť
Malik who focuses on Indian domestic politics and foreign/trade policy, and their increasing interplay, said an effective political and economic risk assessment is relevant considering that most countries in South-East Asia, including India, have been unable to leverage the opportunities due to political compulsions.
â€śIn India context, 2014 is a make-or-break year for India. Irrespective of how the elections go, there will be a new set of policy-makers and policy imperatives at work in New Delhi. A quality political risk analysis practice would anticipate and identify the possible key decision makers and priority areas,â€ť he said. According to Gupta, â€śThis is a strategic offering, bringing together a highly experienced team of former public officials, political analysts and sectoral experts, to analyse the ground realities and empowering clients with insights on risks and new opportunities.â€ť
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