Our Political Risk consulting team has deep experience in working with large multinationals to enter and thrive in new markets by collaborating on their strategy, integrating risk management at each stage, carrying out specific projects to forecast political and other risks, developing pre-transactional due diligence, and setting the context for our clients’ other partners (lawyers, bankers, and other risk specialists) to take actions to reduce risk.
We usually support our clients through the market entry process by focusing on how risks usually tend to materialise, and how to ‘design-in’ risk management into an overall strategy to ensure that the company’s exposure is managed appropriately through preparation, advisory and insurance.
Some of AnotherDay’s most successful clients understand that the domestic market can only support them for so long. They look to overseas markets to drive their growth, either organically or through acquisition, and see diversification of geography as a pillar of corporate stability. This has become particularly true in emerging markets, a classification which currently applies to almost 80% of countries: in recent years powerhouses such as China, India, Brazil, Indonesia, Thailand and many others have made up the lion’s share of global growth.
The main obstacle to successful market entry, and the proximate cause of most failures, is unfamiliarity. Operating in new markets, particularly developing or emerging ones, in the same way that companies work at home is simply not an option. In many cases, these new operating models can themselves create risks that need to be managed.
Our consulting teams tend to utilise a set process to work alongside our clients’ M&A, legal, finance and operational teams when they’re conducting market entry activities:
Our team live and breathe emerging and frontier markets: the project- or opportunity-specific risk analysis phase is when this passion really comes into its own. We’re able to draw on a wide range of technologies and datasets, but historically, the experience of our consultants in a region really adds the greatest colour to the assessment of the specific risk categories based on the methodology we develop for the client. We work to remove the unfamiliarity associated with the market entry process at every stage.