Global Edge: Using the Opacity Index to Manage the Risks of Cross-border Business

Front Cover
Harvard Business School Press, 2007 - Business & Economics - 220 pages
0 Reviews
With globalisation a reality, companies no longer have a choice about whether to do business across borders. But it contains hidden risks—and firms need strategies and tactics for recognising and managing those risks. In Global Edge, Joel Kurtzman and Glenn Yago offer two breakthrough tools for better managing the hard-to-see perils of going global.Their CLEAR framework explains the specific—and potentially expensive—challenges businesses face overseas: corruption, the legal system, enforcement policy, accounting standards and governance, and regulatory developments. And the Opacity Index (a proprietary tool updated online for readers) measures how countries are ranked relative to each CLEAR factor, so companies can balance their exposure.Drawing on a decade of fieldwork with companies and governments, the authors present a new way to anticipate, analyse, and manage hidden global business risks. In an age when a systematic understanding of global risks is still in its infancy, this insightful and practical guide takes the subject from the realm of academic interest and plants it squarely in management circles.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.


One Everyday Risks of Going Global
Two The Costs of Opacity
Three Corruption

4 other sections not shown

Common terms and phrases

About the author (2007)

Joel Kurtzmanis a principle at The Kurtzman Group, a consulting and advisory firm dedicated to helping companies improve their performance and visibility in the marketplace. They specialise in the power of thought leadership and innovation. Most recently, Joel Kurtzman was global lead partner for thought leadership and innovation at Pricewaterhouse Coopers and publisher of the Milken Institute Review. He is the former Editor of Harvard Business review and a former member of the editorial board of Harvard Business School Publishing.

Glenn Yagois Director of Capital Studies at the Milken Institute. He specializes in financial innovations, financial institutions and capital markets, and has extensively analysed public policy and its relation to high-yield markets, initial public offerings, industrial and transportation concerns, and public and private sector employment. Yago is creator of the Milken Institutes Capital Access Index, an annual survey that measures access to capital for entrepreneurs across countries, and co-creator of the Opacity Index

Bibliographic information