The trailer will give you a feeling for the tension and emotions (anxiety, fear) in a situation like this. Then, read the Ransom on the High Seas case in your textbook on page 392. http://www.youtube.

by


The trailer will give you a feeling for the tension and emotions (anxiety, fear) in a situation like this. Then, read the Ransom on the High Seas case in your textbook on page 392.

http://www.youtube.com/watch?v=QcNZsI6-J1I

  1. Why are there pirates in Somalia? What do they want? How do they operate?
  2. Martin Anderson has though of four basic strategies to secure the release of Odyssey and its crew:
    1. Negotiate the release of the crew, ship, and cargo for the lowest possible ransom price;
    2. Negotiate supported by the threat of potential force;
    3. Use of force (consent to  U.S. Navy SEAL attack);
    4. Attempt to lure and capture a representative from the pirates to use as leverage in negotiations.
  3. Are there other options that Andersen has not thought of? What option would you recommend that Andersen follow and why? What are the current and future benefits and costs of each of them? Under which conditions is one option better than the others?
  4. What kind of measures should companies develop to deal with the problems posed by organized crime? How should they ensure that these measures are implemented? What are the costs of doing so?