Terrorism and the International Business Environment

Terrorism and the International Business Environment

The Security–Business Nexus

Edited by Gabriele G.S. Suder

This book was born from the editor’s conviction that a wide set of contributors should provide the economic and corporate sectors with guidelines, developed from rigorous research and case studies, to analyse those adjustments made necessary through international terrorism, as known since September 11th 2001. It argues that corporate asset protection and accurate business risk assessment is vital to the longevity, and resilience of business.

Chapter 14: Conclusions

Gabriele G.S. Suder

Subjects: business and management, international business, politics and public policy, international politics, terrorism and security

Extract

Gabriele G.S. Suder A 22-page document entitled ‘General Security Risk Assessment Guidelines 2003’, which includes seven suggestions for corporate risk assessment, has been developed by ASIS with the aim of ‘helping the private sector protect business and critical infrastructure from terrorist attacks’.1 The US federal government as well as the European political organizations have been discussing ways to stimulate corporate security. The need to do ‘something’ to assess, evaluate and methodologize post-09/11 terrorism is recognized in the regulatory as well as in the corporate sector. Assessment process are particularly complex. What is terrorism? Why and how does it affect business?2 Can it be classified as political risk? Do risk managers need to expand the notion of political risk and include geopolitical scenario planning? If so, what assets are prioritized and how are they categorized? What is the direct and what is the indirect impact of international terrorism to the primary, micro and macro level of the international business environment? For quantitative and qualitative risk assessment and research, it will be useful to define and narrow the criteria on which the risk ratio of emerging threat can be calculated for corporate purposes, as a basis for the extension of lossmodelling to operational resilience planning. Corporate assets and risk identification is critical.3 The ability to measure risk and the possible consequences is a vital part of risk assessment and risk analysis. The notion of risk is historical, quantifiable, probabilistic and modelizable, while uncertainty is characterized rather...

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