A Second Stream Of Management Research On Terrorism

1460 WordsJul 8, 20166 Pages
A second stream of management research on terrorism has explored firm readiness and the performance impact of such preparation. In particular, several authors have examined the relationship between business continuity planning and the mitigation of the impact from unanticipated disasters such as terrorism (Cerullo & Cerullo, 2004; Zsidisin, Melnyk, & Ragatz, 2005). According to Cerullo and Cerrullo (2004), there is clear evidence from past catastrophes that international businesses without business continuity plans are ill-prepared and have a low probability of surviving unanticipated disasters such as terrorism, earthquakes, floods, and hurricanes. Practically, the 9/11 Commission Report (2004) urges the private sector to include continuity plans in their planning for a terrorist attack. The goal of such planning is increased resilience in the face of traumatic events such as terrorism. Enterprise resilience is the “ability and capacity to withstand systemic discontinuities and adapt to new risk environments” (Starr et al, 2003: 3), and this ability to bounce back, mitigate and endure disruptions and discontinuities can create a sustained competitive advantage over less adaptive firms (Starr et al., 2003). It is less than clear exactly what organizational factors lead to resilience (Vogus & Sutcliffe, 2007), but prior experience seems to be an important consideration. For example, certain small firms with previous experience coping with uncertainty and violence have been

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