Module 5: Discussion - Managing risks - What proactive strategies would you use to help protect your business from political risks? If a high-tech firm wanted to set up operations in Iran, what steps might it take to ensure that the subsidiary would not be expropriated? Identify and describe three strategies that would be particularly helpful. How might proactive political strategies help protect firms from future changes in the political environment? 1 Source: Luthans, F., \& Doh, J. P. (2021). International Management: Culture, Strategy, and Behavior. McGraw-Hill Education