Terroris(k)m in international business : The impact of terrorism on internationalization and risk management for Swedish firms prospecting or operating in less developed countries.

Previous research has underlined the importance of the connection between the increase of globalization and the increase of terrorism. Furthermore, previous research has made a distinction between direct and indirect effects and the impact the latter has on firms in an international context. However, the research conducted on the subject is implicit thus this thesis has emphasized on the inconclusive parts to explicitly display the relationship. The purpose of this study is to see the implications of terrorism in relation to international business regarding internationalization and risk management resulting in a guideline for Swedish firms entering less developed countries. To acquire a deeper understanding, various parts relevant to the subject was included and analyzed. A qualitative research method was used in order to obtain in-depth insights of great value on how terrorism affects international business and how Swedish firms adapts to it. By doing so and connecting the findings to theory, we were able to see patterns which led to our conclusion. The results made from this study highlighted the importance of preparedness for firms entering less developed countries, including terrorism as a factor to consider while assessing risks. Furthermore, it also showed that Swedish firms prospecting less developed countries are formatting entering strategies suitable for that market with this in mind, as well as de-internationalization if struck by terroristic events