Business Confronts Terrorism
Risks and Responses
Publication Year: 2004
These scenarios could be part of a future Hollywood movie. Sadly, they are representative of previous terror attacks against industry and government interests worldwide. Moreover, they are harbingers of global terror threats.
Industry constitutes a prime target of contemporary terrorism. This timely book analyzes the threats companies face due to terrorism, industry responses to these dangers, and terrorism’s effects on conducting business in the post-9/11 environment. Dean C. Alexander details the conventional and unconventional terror capabilities facing industry. He describes the activities of terrorists in the economic system and the ways they finance their operations.
Alexander discusses how companies can reduce terrorist threats and that corporate security can minimize political violence. He outlines the dynamics of the public-private partnership against terrorism: government aiding industry, business supporting government, and tensions between the two. He also delineates terrorism’s effects—financial, physical, and emotional—on workers and employers. He highlights the negative financial and economic consequences of terrorism. He discusses the impact of terrorism on traditional business practices and concludes with an assessment of future trends.
Published by: University of Wisconsin Press
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The author expended extensive time and energy in preparing this book. He relied upon information, derived content, and incorporated materials that were perceived to be correct at the time. Nevertheless, the author cannot guarantee the completeness and accuracy of all the contents of this...
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Entertainment venues have been prime targets of terrorists during the past few years. In Bangladesh, 17 people were killed and nearly 300 people were wounded in bombings at four cinemas in 2002. That same year, several bombs exploded at two nightclubs in Bali, Indonesia, resulting in 202 deaths and hundreds of injuries. Nearly 120 theatergoers...
1. Overview of Terror Threats
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Such terror incidents have occurred globally during the past decade. The United States is a principal target of terrorism. Not only do domestic extremist groups commit acts of terrorism at home, but also, international groups carry out attacks against American targets abroad. Attacks by foreign terrorists on U.S. soil occurred less frequently than...
2. Contemporary and Future Terror Threats
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From 9/11 to February 2003, the FBI issued over 100 terror warnings to state and local law enforcement and investigated over 3,000 terrorist threats on American soil. In March 2002, the U.S. government established the Homeland Security Advisory System (HSAS). The HSAS provides notice of possible terror threats as well as guidance...
3. Terrorists and Their Supporters Participate in the Economic System
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Terrorists and their abettors exploit the assets available in the economic system to their advantage. In doing so, they are able to acquire financial, organizational, and operational resources (e.g., arms, training, intelligence, and information) from governments, companies, nonprofits, and...
4. Financing Terror
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Terror groups raise money through legal and illegal means. Among criminal financing schemes terrorists have utilized include: trading in commodities (e.g., “conflict” diamonds and gold); bogus financial instruments; currency smuggling and wire transfers; drug-trafficking; extortion, money laundering; smuggling products; securities fraud; and...
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Without a doubt, the 9/11 attacks were the principal reasons for Corporate America’s increased attention to terrorism. In 2002, terrorism was ranked third as a security and management threat in a Pinkerton survey of leading corporations. The post-9/11 greater sensitivity to the threat of terrorism is in sharp contrast to the earlier perception that terrorism is...
6. Public-Private Partnership in Combating Terrorism
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In the war on terrorism, government assists industry in a number of ways. The public sector purchases homeland security products and services. For our purposes, such goods and services include: defense (e.g., military aircraft, ships, missiles, and tanks); security equipment, technology, and services (e.g., biometrics, trace detection, video...
7. Terror’s Effects on Labor and Management
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Any prospective terrorist attacks in the United States or abroad will victimize labor: whether they are at work or wherever they find themselves—at the wrong place, at the wrong time. Similarly, American armed forces and civilian contractors that aid the military in their duties abroad will face the consequences of...
8. Additional Perspectives on Terror’s Impact on Business
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A discussion of initial trends arising from terror’s impact on business is critical given global terror threats against industry, government, and the public. This chapter addresses the broad consequences of political violence on business accordingly: the initial impact of large-scale terror attacks on business, subsequent industry responses, and long-term...
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The frequency and lethality of conventional (e.g., bombings and kidnappings) and unconventional (e.g., bioterrorism and chemical terrorism) political violence is expected to continue worldwide for the foreseeable future. Unfortunately, suicide bombings in crowded civilian areas, explosions across the gamut of ground transportation, hijacked...
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Publication Year: 2004