Terrorist Effecting Business

Terrorist goals are to spread fear and cause maximum economic damage. The threats can vary depending on the location where business is being conducted or the type of product or brand. A terrorist is considered as a person who uses violence and intimidation in the pursuit of political aims. The major potential terrorist threats to global value chain management include is that a business can lose a lot of sales due to the fear that is implanted into the costumer(Global Value Chains Initiative, 2009).. Also if a terrorist decides to take action and destroy the shipment or even the factory itself there will be many monetary losses.

Since the events of September 11, 2001, international terrorism has been on the forefront of international relations and public thought. Subsequent terrorist attacks in Spain, England and Southeast Asia, have served to bring to light the importance of the Global War on Terrorism and, more importantly, a better understanding of the terrorism phenomena. Although terrorism has existed in many forms for many years, the challenges that come with understanding modern terrorism and formulating effective counter-measurements have to be looked at through the scope of globalization.

In her article "Behind the Curve: Globalization and International Terrorism," Audrey Cronin asserts that the effects of globalization have the greatest effect on recent and future international terrorism. Cronin explains that although terrorism has shared common themes and goals, the world of globalization presents new problems in dealing with this deadly threat. Cronin argues that if the international community is to successfully combat modern international terrorism, it must use an approach that is flexible and multifaceted in its incorporation of international cooperation, intelligence, law enforcement, social-economic policy, conventional military and Special Forces. However, Cronin says this is not currently happening (Global Value Chains Initiative, 2009).

An understanding of trends in terrorism is important to formulating effective responses. Although the ideology behind leftist, rightist, ethno nationalist/ separatist and religious terrorism contains many similarities, the conditions created by globalization make religious terrorism a particularly difficult situation to address (Dornier, P., Ernst, R., Fender, M., & Kouvelis, P. , 1998).

Recent trends in international terrorism show a growing number of attacks coming from religious terrorism groups such as al-Qaeda. While the frequency of attacks has been steadily declining, the severity of these attacks is increasing (Dornier, P., Ernst, R., Fender, M., & Kouvelis, P. , 1998). Recent history has shown that these religious terrorist groups are focusing more...

There are many potential threats that terrorists have on global value chain. The effect theses threats have on companies will surely affect the end customer by increase the price of