Geostrategic Business Group
Political risks are creating both challenges and opportunities for global organizations, creating an imperative to develop more strategic approaches to managing political risk. The Geostrategic Business Group helps companies to do this by translating geopolitical insights into business strategy.
The team
What EY can do for you
The EY Geostrategic Business Group (GBG) helps organizations translate geopolitical insights into business strategy.
Geopolitics affects every global organization, from strategy to supply chain. Yet, many companies struggle to assess and manage this disruption and the impacts it has on their business.
The GBG harnesses EY’s global footprint and local knowledge, and collaborates with third-party firms to bring an added independent political risk perspective. With the breadth of our strategic and operational knowledge, our teams develop actionable plans to help you better monitor, assess and manage political risks.
We also help you design and implement political risk management at your organization, putting in place the governance and processes that adapt business strategy and broader risk management practices to overcome challenges and seize opportunities associated with an increasingly dynamic geopolitical environment.
In 2019, the GBG collaborated with The Wharton School at the University of Pennsylvania to launch the Wharton Political Risk Lab. This collaboration forms a global innovation ecosystem exploring the relationship between political risk, corporate performance, and political risk management.
To thrive in today’s changing world, we believe all organizations need a geostrategy — the cross-functional integration of political risk management into broader risk management, strategy and governance. To get there, we help companies:
- Set up processes to identify and monitor political risks across a company’s global footprint
- Assess the impact of political risk on revenue, supply chain, human capital, finance, R&D and other corporate functions
- Conduct political risk assessments to inform decisions on market entry, M&A and other strategic transactions
- Embed political risk in a company’s enterprise risk management (ERM) and other risk frameworks
- Examine risk management governance, from the boardroom to operations
- Incorporate geopolitical opportunity and risk analysis into enterprise strategy services
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