Since the Islamic State declared a Khilafah on 29 June 2014, it carried out, worldwide, 6 attacks or series of attacks in 2014, which killed 2 and wounded 12 people, 23 in 2015, which killed 1020 and wounded more than 2171, 36 in 2016, which killed more than 1455 and wounded more than 3505 and so far 3 in 2017, which killed more than 109 and wounded more than 169 people, assuming all attacks are known and referenced as such (Wikipedia “List of terrorist incidents linked to ISIL“). As a whole, we thus faced 68 attacks, during which more than 2586 people lost their lives and more than 5857 were injured. Prospects for the near future look no less grim as reminded […]
This article is the second part of our series focusing on the current development of the Russian Arctic region, while explaining and demonstrating the importance of using strategic thinking for governments as well as for business actors to understand current dynamical changes and to develop adequate strategies to face related geopolitical uncertainty. In the first part, we […]
This series of two articles focuses on the current development of the Russian Arctic region, while explaining and demonstrating the importance of using strategic thinking for governments as well as for business actors. Indeed, the international dynamics of geopolitical and environmental changes, including their interactions, are becoming so rapid and powerful that political and business actors have […]
This article identifies lessons we can learn from the impact of the conflict in Ukraine on businesses, as presented in the first part, to continue enhancing our understanding of the way businesses and the corporate world could usefully anticipate or foresee geopolitical and political risks and uncertainties.
From the way to identify which crises and geopolitical uncertainties can be – sometimes unexpectedly – of concern to a company (Lesson 1) to the best timing for starting the anticipation process (Lesson 2), the need to think outside the ideological box (Lesson 3) and multi-dimensionally (Lesson 4) and to understand “national interest” and its evolution (Lesson 5), the impacts of the war in Ukraine bring us a wealth of understanding and points out many necessary if not crucial improvements that may be endeavoured. These will thus be added to the points previously identified in “Lessons from and for the Brexit – Geopolitics, Uncertainties, and Business (2)”, after a general framework was defined in “Businesses and Geopolitics: Caught up in the Whirlwinds?” (1).
With this article and the next one, we shall use the instability and conflict in Ukraine and the related impacts on businesses to continue enhancing our understanding of the way businesses and the corporate world could usefully anticipate or foresee geopolitical and political risks and uncertainties. Here we shall review two major impacts of the war in Ukraine. First we shall look at the surprising cost of sanctions related to Ukraine on businesses of sanctioning countries. Second, we shall move to the multiple impacts of the downing of Malaysian Airlines flight MH17. With the forthcoming second part, wondering how a firm could have avoided or to the least mitigated these impacts, we shall use what we learned to identify main lessons to improve strategic foresight and […]
On 24 June 2016 morning, the U.K. announced the results of the referendum on the Brexit: 51.9% of the population voted to leave the EU against 48.1% wanting to remain, while the turnout reached 72,2% (BBC Referendum Results). This vote triggered among the media, financial and European political elite a “shock”, consternation, and a host of predictions of impending doom, while markets plunged worldwide (BBC News, “Brexit: What the world’s papers say“, 24 June 2016). It also set off a series of events and dynamics still unfolding nowadays with far-ranging consequences, globally, for the future. We shall use this real life case to further enhance our understanding of the way businesses and the corporate world relate to and especially anticipate or […]
The first part of this article can be accessed as open access (rules of attribution nonetheless apply), the second part is exclusively for members and registered participants to our courses. The incredible and growing amount of information available nowadays presents us with specific challenges we need to overcome first, if we want to be able to understand, […]
At the latest 2 June 2016 OPEC summit, Saudi Arabia and Iran failed to reach an agreement on oil production level (e.g. Terry Macalister, The Guardian, 2 June 2016). Different needs as well as tensions between the two countries are at stake. Yet, a few analysts have also underscored a slight improvement in the relations between Saudi Arabia and Iran (Liam Halligan, “Opec is very much alive as Saudis learn to tread softly“, 4 June 2016). What should we thus expect? Should we trust that a warming of the relationships is indeed underway, or should we expect a potential stiffening of positions considering the current offensive led by Shia governments in Syria and Iraq (e.g. Alex MacDonald, “Sunni fighters say militias, not army, should liberate Fallujah […]
Early 2016 has witnessed a succession of dramatic developments that have inflamed the already contentious Iran-Saudi relationship, bringing it to the forefront of global governmental and media attention. These have included: Riyadh’s decision to break diplomatic relations with Tehran at the beginning of the year, the accelerated decline of the price of oil deeply affecting both countries’ economies, the implementation of the Iran nuclear deal leading to Iran’s reinsertion into the global economic system, and a reversal of fortune in the Syrian civil war with Iranian and Russian-supported regime forces scoring major advances against the Saudi-backed opposition. We shall survey these developments (deferring, however, discussion of the fast changing situation in Syria to a later post) with the aim of […]
As the tension between Iran and Saudi Arabia has recently risen to new heights (e.g. Paul Iddon, “Was Saudi Arabia’s execution of Sheikh Nimr calculated or reckless?“, Rudaw, 8 Jan 2016; Jon Schwarz, “One Map That Explains the Dangerous Saudi-Iranian Conflict“, The Intercept, 6 Jan 2016), and has regional if not global repercussions, the focus question of our project, i.e. “Within which timeframe could we see full cooperation or, on the contrary, war occur between Saudi Arabia and Iran?” is even more relevant. Warren, with the previous article, started addressing the “stances” of Iran and Saudi Arabia towards each other. Here we shall continue mapping out the two possible future outcomes and the two countries’ relations, i.e. war at one end of the spectrum and cooperation at the […]