Volume 22 , Issue 1 , PP: 31-44, 2023 | Cite this article as | XML | Html | PDF | Full Length Article
Ather Abdulrahman Ageeli 1 *
Doi: https://doi.org/10.54216/IJNS.220103
Due to the complexity and unpredictability of today's globalized business world, managing an international business administration (IBAS) is not without its share of risks. The necessity of efficient risk management in international business administrations is highlighted, and a summary of the main hazards that companies encounter when doing business across borders is provided in this paper. The political, economic, legal, cultural, operational, financial, compliance, competitive, environmental, sustainability, and cybersecurity risks are identified and categorized in the paper as the most significant risks in international company administrations. It stresses how important it is to recognize and manage these threats to international corporate success and longevity. This article examines the effects of political risks on international commerce, including political instability, changes in government policy, and trade barriers. It draws attention to economic risks that might have an impact on pricing, profitability, and financial performance, such as swings in exchange rates, inflation, and economic instability. This work applied the neutrosophic set with multi-criteria decision-making (MCDM) models to rank the risks in IBAS. This paper used the neutrosophic MABAC and neutrosophic COPRAS methods to rank these risks. These methods are compared with the PROMETHEE method. The results show the suggested technique is an effective model to deal with this kind of problem.
Neutrosophic Set , MABAC , COPRAS , PROMETHEE , Risks , MCDM
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