One factor of business risk that is outside of the firm’s control is political risk

One factor of business risk that is outside of the firm’s control is political risk. Political risk can range from insignificant to severe across different countries, but can also vary at different times. While firms cannot directly control political risk, understanding it is an important part of evaluating a company’s overall strategic framework.

Considering this please address the following prompts in your discussion:

Analyze the political risk in (Mexico). How will this political risk affect your area of business (IT industry)?

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