| There has been a recent increase in piracy related | | | | have an overall plan about how to face possible |
| activities on the open seas. If you own a | | | | situations that might occur. Having a plan in order |
| business, and commonly transport products and | | | | to avoid your cargo being hijacked is no different. |
| materials using cargo ships, you could potentially | | | | By having the proper crisis management plan in |
| be at risk. Whilst it might seem like it is a joke to | | | | place you can potentially minimize your risk, as |
| say that piracy still exists, the recent activity in | | | | well as sure that your company continues to do |
| Somalia has opened the eyes of the world | | | | business without any interruptions. One of the |
| community. | | | | most important aspects of crisis management is |
| If you don't take the threat of piracy seriously, | | | | the limitation of potential risks before they occur. |
| you could potentially lose huge amounts products | | | | It's extremely irresponsible for a company to dive |
| and/or materials. A recent news report has | | | | into a venture without properly determining all the |
| shown that there are more than 1000 confirmed | | | | potential crises that the company could face. It's |
| pirates, just in the country of Somalia. This figure | | | | similar to investing in a company that you are |
| does not take into consideration the problem of | | | | unsure what the turnout profit is: it's financially |
| piracy in the area of the Strait of Malacca though, | | | | irresponsible. |
| so the problem of piracy is a much bigger issue | | | | Respectable companies take the time and effort |
| than currently being discussed. | | | | to understand just what the inherent risks are in |
| But, there is some very good news. By | | | | any business venture. This is where crisis |
| incorporating crisis management into your business | | | | management comes into play. By ensuring that all |
| structure, you can properly address the situations | | | | of your cargo is properly insured against loss, |
| as they occur. Crisis management is the process | | | | you've just effectively minimized your potential |
| that your company goes through in order to | | | | risk. Another method to limit your potential risk of |
| properly handle and manage any crisis situation. It | | | | vessel hijackings would be to monitor the route |
| is the overall purpose of crisis management to | | | | that your vessel travels. By avoiding areas that |
| properly define what the crisis is, determine what | | | | are close to poverty-stricken piracy inclined |
| can be done to rectify the current situation, and | | | | countries, such as Somalia, you can remove a lot |
| find just what methods need to be used to | | | | of the potential risk of having your vessel |
| remedy the situation. | | | | hijacked. |
| In all areas of business, it is truly important to | | | | |