Terrorism: A Paradigm Shift in Corporate Risk Management
As globalization continues to widen its reaches to the four corners of our planet terrorism has emerged as a major risk factor for organizations doing business in today s international marketplace. The economic cost of the cataclysmic September 11, 2001 attacks on the World Trade Center in New York and the Pentagon was approximately $70 billion. The impact of terrorism has reverberated around the world as attacks continue to take place in far-flung areas. An emerging risk now confronts corporate and organization leaders. Do they have the core competencies to deal with this risk that claims lives and destroys organizational resources? Alternatively, have they become vulnerable by their inability to implement modalities for detecting, minimizing, and recovering from this danger? The perception of a lack of private sector preparedness in managing terrorist risk forms the catalyst for this book. Readers are provided with a model made up of nine essential identified measures from which corporate and other organizational leaders can establish a viable terrorist risk management program.
Errol A. Samuels DBA