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ID:
101748
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2011.
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| Summary/Abstract |
Expanding on the works of Beck and others on the growing business of risk, this article examines the role of the private security industry in the creation, management and perpetuation of the world risk society. It observes that the replacement of the concept of security with risk over the past decades has permitted private firms to identify a growing range of unknown and unknown-unknown dangers which cannot be eliminated, but require permanent risk management. Using the discourse of risk and its strategies of commercialised, individualised and reactive risk management, the private risk industry thus has contributed to the rise of a world risk society in which the demand for security can never be satisfied and guarantees continuous profits.
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| 2 |
ID:
124581
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2013.
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| Summary/Abstract |
urpose-This article discusses ethical issues of doing business with the Democratic People's Republic of Korea (North Korea) and associated risks in the area of sports sponsorship.
Design/methodology/approach-Ethical questions influence an international firm's engagement in North Korea in significant ways. Starting from a theoretical anchorage in business ethics, I apply descriptive case study methodology based on media analysis in order to understand ethical challenges of business management with North Korea by the example of firms from developed economies and emerging economies. This article is suitable to be used as a teaching case in international business and management classes (teaching notes are available on request from the author at sven.horak@gmx.de).
Findings-The study leads to three major propositions. International investors may benefit from first mover advantages in the area of sports sponsoring. On the contrary, breach of contract risks are high and a doubtful image of the sponsoring firm may be created in the eyes of the consumer while sponsoring a dictatorship. Moreover, the article finds indications that business transactions between two emerging markets appear to be smoother than between emerging markets and developed economies.
Originality/value-Only a few international firms are maintaining business relations with North Korea. If the new leadership opens up the country for international investors as proclaimed, international firms need to understand the prevailing business environment. In this context, the link between business ethics and associated risks has been rarely discussed since leadership change in 2011.
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