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SEMINAR ON CONTEMPORARY ISSUES IN MANAGEMENT MODULE-3 CHEMICAL TERRORISM AND ITS IMPACT ON BUSINESS Vaibhav s. Shah 09MBA47.

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Presentation on theme: "SEMINAR ON CONTEMPORARY ISSUES IN MANAGEMENT MODULE-3 CHEMICAL TERRORISM AND ITS IMPACT ON BUSINESS Vaibhav s. Shah 09MBA47."— Presentation transcript:

1 SEMINAR ON CONTEMPORARY ISSUES IN MANAGEMENT MODULE-3 CHEMICAL TERRORISM AND ITS IMPACT ON BUSINESS Vaibhav s. Shah 09MBA47

2 MEANING Terrorism using chemical agents. These chemical agents are poisonous gases, liquids or solids that have toxic effects on people, animals or plants. Most chemical agents are capable of causing serious injuries or death. The severity of injuries depends on the type and amount of the chemical agent used, and the duration of exposure. Terrorism using chemical agents. These chemical agents are poisonous gases, liquids or solids that have toxic effects on people, animals or plants. Most chemical agents are capable of causing serious injuries or death. The severity of injuries depends on the type and amount of the chemical agent used, and the duration of exposure. Chemical warfare or chemical terrorism involves the use of synthetically produced chemical compounds to kill or injure humans, animals, and plants Chemical warfare or chemical terrorism involves the use of synthetically produced chemical compounds to kill or injure humans, animals, and plants

3 CHEMICAL TERRORISM CHARACTERISTICS Possible warning of attack Possible warning of attack Immediate or delayed effects Immediate or delayed effects High casualty rate High casualty rate Incapacitating or lethal Incapacitating or lethal Spread of contamination Spread of contamination Immediate impact on response agencies Immediate impact on response agencies

4 CHEMICAL AGENTS The military defines five types of agents The military defines five types of agents Nerve Agents Nerve Agents Sarin, Soman, Tabun and VX (organophosphates) Sarin, Soman, Tabun and VX (organophosphates) Blister Agents Blister Agents Mustard, Lewisite Mustard, Lewisite “Blood” (Cyanide) Agents “Blood” (Cyanide) Agents “Choking” Agents “Choking” Agents Chloride, Phosgene Chloride, Phosgene Incapacitating Agents Incapacitating Agents Tear Gas, Pepper Spray, Tear Gas, Pepper Spray,

5 CHEMICAL AGENTS cont… Commercial Chemicals can also be used as weapons The FBI has a list of industrial chemicals that terrorists might use called the “Critical Agent List” CHEMICAL AGENTS cont… Commercial Chemicals can also be used as weapons The FBI has a list of industrial chemicals that terrorists might use called the “Critical Agent List” Ammonia Ammonia Arsine Arsine Chlorine Chlorine Cyanides Cyanides Hydrogen Sulfide Hydrogen Sulfide Methyl Isocyanate Methyl Isocyanate Phosgene Phosgene Phosphine Phosphine Sulfur Dioxide Sulfur Dioxide Fluorine Fluorine

6 Chemical Weapons on the Battlefield World War I use World War I use Chlorine and mustard agent Chlorine and mustard agent World War II developments: World War II developments: Tabun, Sarin, and Soman by Germany Tabun, Sarin, and Soman by Germany VX by Great Britain VX by Great Britain Rocket delivery Rocket delivery Worldwide outcry for chemical weapon treaties Worldwide outcry for chemical weapon treaties

7 IMPACT ON BUSINESS Crash in stock market: Tremendous fall in the stock market has been observed after every terrorist attack. Indian stock market is closely related to the emotions of investors. People start loosing their confidence from the stock market after any terrorist attack. Crash in stock market: Tremendous fall in the stock market has been observed after every terrorist attack. Indian stock market is closely related to the emotions of investors. People start loosing their confidence from the stock market after any terrorist attack. Indian investors move for foreign investments: The terrorist attack creates instability in the countries environment. Due to these our own big investors move towards other foreign countries for their investment, where they can get surety for their money. This will results in downward of investments. Indian investors move for foreign investments: The terrorist attack creates instability in the countries environment. Due to these our own big investors move towards other foreign countries for their investment, where they can get surety for their money. This will results in downward of investments.

8 IMPACT ON BUSINESS cont.. Concentration of fund in security sector: Increase frequency of terrorist attack requires government to invest more money in security and defense sector than in other sectors. This may result in less fund allocation to infrastructure and agriculture sectors. So, by this the infrastructure and agricultural sectors suffer. Concentration of fund in security sector: Increase frequency of terrorist attack requires government to invest more money in security and defense sector than in other sectors. This may result in less fund allocation to infrastructure and agriculture sectors. So, by this the infrastructure and agricultural sectors suffer. Foreign institutional investors: Due to environmental and political instability foreign investors could move their investment areas. As the recent terrorist targets hotels and tourists which results in decrease in investments towards hotel and tourism industry. Foreign institutional investors: Due to environmental and political instability foreign investors could move their investment areas. As the recent terrorist targets hotels and tourists which results in decrease in investments towards hotel and tourism industry.

9 IMPACT ON BUSINESS cont.. No new project: India’s IT software sector more depends on foreign projects, but due to terrorist attack they might stop giving their projects to our country. No new technologies come up for implementation. We can not hire foreign skill people, due fear in their mind about our countries political and social environment. No new project: India’s IT software sector more depends on foreign projects, but due to terrorist attack they might stop giving their projects to our country. No new technologies come up for implementation. We can not hire foreign skill people, due fear in their mind about our countries political and social environment. Impact on export-import: this continuous instability also harms countries import-export. While exporting our goods to foreign countries they demand for more checking and security due to terrorist attack on our country. Same case for importing goods from other country. Impact on export-import: this continuous instability also harms countries import-export. While exporting our goods to foreign countries they demand for more checking and security due to terrorist attack on our country. Same case for importing goods from other country.

10 IMPACT ON BUSINESS cont.. Mirror image of economy: stock market is consider as mirror face of Indian economy. Terror attack impacts negatively on stock market. This result in slow economic growth and development. Mirror image of economy: stock market is consider as mirror face of Indian economy. Terror attack impacts negatively on stock market. This result in slow economic growth and development. Impact on insurance sector: Insurance sector has to bare losses for those insured people who suffered due to terrorist attack. Size of such a loss is not predictable by any insurance company. Many insurance companies got bankrupted after 9/11 terrorist attacks on united state. Impact on insurance sector: Insurance sector has to bare losses for those insured people who suffered due to terrorist attack. Size of such a loss is not predictable by any insurance company. Many insurance companies got bankrupted after 9/11 terrorist attacks on united state.

11 IMPACT ON BUSINESS cont.. There is also the potential impact of psychological fear of terrorism on economic behavior. For investors, corporations and government policymakers, it is critical to understand the magnitude of the effects of terrorist acts. There is also the potential impact of psychological fear of terrorism on economic behavior. For investors, corporations and government policymakers, it is critical to understand the magnitude of the effects of terrorist acts.

12 THANK YOU


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