Talisman Energy Inc.’s Risks Faced While Entering Iraq

Discuss the decision of Talisman Energy Inc. and the numerous political, legal, social, and reputational risks faced by the company.

The decision made by Talisman Energy Inc. to enter Iraq comes several years after the company experienced reputational damage in another conflict zone. Discuss how the key concepts such as globalization, culture, and political and economic risk are interconnected. Evaluate interrelationships among issues related to:

• globalization;
• the political climate in a company’s home country and the host country;
• the role of political risk in investment decisions and company operations;
• the role of national culture in company operations;
• the role of the economic environment in creating global companies.