Short answer: Yes, if at least one of three conditions holds: a major customer or supplier outside Israel, an investment with a payback period longer than three years, or dependence on regulation that could change. A small company does not need a department. It needs two hours of structured thinking once a quarter and one person who tracks five signals.
The longer view
Small companies are hit harder by geopolitical events than large ones, because they have no diversification: one supplier, one market, one credit line. But they have an advantage they rarely use: they can change direction within weeks. The entire value of geopolitical analysis for a small company is to activate that advantage before the large companies move.
The right format for a small company is not a report but a one-hour quarterly conversation that ends in three lines: what has changed, what it means for us, and what we do until the next conversation.
This is a reading through the seven layers of The Blue Pumpkin, the method of Dr. Bella Barda-Bareket.
What to do tomorrow morning
Check whether one of the three conditions applies. If it does, schedule the first quarterly conversation and define who owns it.