Political, Legal, Social and Cultural Risks for a Large Sri Lanka Manufacturing Firm

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Running Head: INTRODUCTION TO GLOBAL BUSINESS 0
Introduction to global business
Sri Lanka
9/9/2018
Student Name

Running Head: INTRODUCTION TO GLOBAL BUSINESS 1
Table of Contents
Political, legal, social and cultural risks for a large Sri Lanka manufacturing firm..................1
Advantages and disadvantages of investing in Political, cultural, legal and economic factors. 2
Political Advantages...............................................................................................................2
Political Disadvantage............................................................................................................2
Legal Advantages...................................................................................................................2
Legal Disadvantages...............................................................................................................2
Cultural Advantages...............................................................................................................3
Culture Disadvantages............................................................................................................3
Economic Advantages............................................................................................................3
Economic Disadvantages........................................................................................................3
References..................................................................................................................................4

Running Head: INTRODUCTION TO GLOBAL BUSINESS 2
Political, legal, social and cultural risks for a large Sri Lanka manufacturing firm
The political environment in Sri Lanka is found to be stable in nature. But the country was
found to be following the strict rules and regulations. Sri Lanka has got the significant growth
in its cultural environment and human growth indicators. Socioeconomic indicators rank
amongst the utmost in South Asia and associate positively with those in middle – revenue
countries. In terms of legal environment risk, Sri Lanka is facing the European influence in
their country which is considered to be the biggest risk to trade and establish the
manufacturing concern.
 Business Disruption: - Business Disruption is the damage of knowledge to business
as an outcome of property loss. A good risk managing policy will recognize all
potential industry disruption risks and will underline steps to be taken when these will
becomes an actuality (Deresky, 2017).
 Market Expansions: - Market expansion in Sri Lanka affects the business in large
organizations. There is a market risk for the fact that there is worldwide hesitation for
economic development.
 Cyber Happenings: - Cyber risks at a rapid speed becoming common in Sri Lanka
and the rates that are being offered to assailants are increasing. It can be the individual
hacking into structures, robbery of client information and privacy ruptures or
continuous bombardments of facility attacks. Cyber-crime is growing in a very speedy
manner. The criminals are becoming smarter in what they do and they are
continuously changing their techniques all the time (Ruwanpura and Wrigley, 2011).
 Modification in regulation: - There is a lot of media consideration on insurance
especially the topic of life insurance. This is registered in a list of Sri Lanka Company
and Customer Supervisor (ASIC) inquires and surveys. This is common in many large
manufacturing industries but it looks likes ramping up and possibly reaching a
topmost with an amount of law and regulation (Perry, Wood and Fernie, 2015).
 Macroeconomic Growths: - This is an additional bigger topic with risks to trade
coming from all the directors. Around economic development, there is uncertainty in
China. There is an insurance cycle in the money-making sector where rates have been
falling for several years. The growth is out of control but the trade can mold its
policies to evade against many potential risks (Jayathilake, 2012).