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Business Management Approaches to Currency Risk in Import-Export Operations: Lessons from Executive-Level Practice
Subject area: Science,Engineering and Technology · Area of research: Business Management
Abstract
Currency volatility represents one of the most persistent challenges facing organizations engaged in import–export operations. While exchange rate risk is often addressed through financial instruments and technical hedging techniques, its broader implications for business management and executive decision-making remain underexplored. This article argues that effective currency risk management extends beyond financial execution and should be embedded within strategic management processes at the executive level. The study examines how pricing decisions, contract structures, cash flow planning, and organizational coordination shape exposure to currency risk in international trade. Drawing on executive-level management perspectives, the article proposes a business management approach that integrates currency risk into decision-making frameworks rather than treating it as a standalone financial issue. By emphasizing managerial judgment, cross-functional alignment, and strategic visibility, the study highlights how organizations can enhance financial stability and competitive resilience in volatile currency environments. Rather than focusing on technical complexity, the article offers a structured and transferable management perspective applicable across industries engaged in international trade. It contributes to business management literature by reframing currency risk as a strategic governance issue and provides practical insights for senior leaders responsible for navigating uncertainty in global markets.
Keywords
Business Management; Currency Risk; Import-Export Operations; Executive Decision-Making; International Trade Management
References
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How to cite this paper
@article{1714624,
author = {Serkan Yesildag},
title = {Business Management Approaches to Currency Risk in Import-Export Operations: Lessons from Executive-Level Practice},
journal = {Iconic Research And Engineering Journals},
year = {2024},
volume = {8},
number = {4},
pages = {885-896},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1714624.pdf},
abstract = {Currency volatility represents one of the most persistent challenges facing organizations engaged in import–export operations. While exchange rate risk is often addressed through financial instruments and technical hedging techniques, its broader implications for business management and executive decision-making remain underexplored. This article argues that effective currency risk management extends beyond financial execution and should be embedded within strategic management processes at the executive level. The study examines how pricing decisions, contract structures, cash flow planning, and organizational coordination shape exposure to currency risk in international trade. Drawing on executive-level management perspectives, the article proposes a business management approach that integrates currency risk into decision-making frameworks rather than treating it as a standalone financial issue. By emphasizing managerial judgment, cross-functional alignment, and strategic visibility, the study highlights how organizations can enhance financial stability and competitive resilience in volatile currency environments. Rather than focusing on technical complexity, the article offers a structured and transferable management perspective applicable across industries engaged in international trade. It contributes to business management literature by reframing currency risk as a strategic governance issue and provides practical insights for senior leaders responsible for navigating uncertainty in global markets.},
keywords = {Business Management; Currency Risk; Import-Export Operations; Executive Decision-Making; International Trade Management},
month = {October},
doi = {https://doi.org/10.64388/IREV8I4-1714624}
}