Abstract
Purpose - Subject paper examines the international business risk of terrorism’s impact on the focal firm’s supply chain operations, as proliferated by the acceleration of globalization, via a fundamental review of pertinent country- and firm-level considerations shaped by global environmental factors. Subsequently, a managerial risk assessment and mitigation planning framework is presented for the supply chain executive’s pragmatic use.
Design/methodology/approach – Broad evaluation of contemporary viewpoints precedes a risk assessment and mitigation planning framework from the supply chain executive’s point-of-view.
Findings – While observed research found the probability of the risk of terrorism to be low, the severity (impact) of such a risk is quite substantial. By and large, contemporaries suggest a combination of public-private partnerships to proactively lessen its likelihood and the implementation of operational redundancies (assets and infrastructure) to minimize its impact to ongoing business operations. Yet, supply chain executives need a pragmatic framework to adequately assess its individual situation in order to develop an appropriate risk mitigation plan.
Originality/value – Provides an essential supplementary framework for inclusion in a firm’s broad supply chain risk assessment and management strategy. Although the paper is focused on the U.S., it has global implications.
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Recommended Citation
Lemons, Scott A.
(2016)
"The International Business Risk of Terrorism: A Pragmatic Framework for Assessing its Impact on the U.S.-Based, Small- to Medium-Sized Enterprise’s Supply Chain Operations,"
The Hilltop Review: Vol. 9:
Iss.
1, Article 3.
Available at:
https://scholarworks.wmich.edu/hilltopreview/vol9/iss1/3
Included in
Business Administration, Management, and Operations Commons, Entrepreneurial and Small Business Operations Commons, International Business Commons, Operations and Supply Chain Management Commons
