Archive for the ‘Week 4’ Category

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Blog 4: Proposal for cyber war rules of engagement.

February 3, 2011

Due Date: February 3, 2011

Article Sourcehttp://news.bbc.co.uk/2/hi/programmes/newsnight/9386445.stm

Article Date: February 3, 2011

Article Title: Proposal for cyber war rules of engagement

Summary:

Cyber security has become a big issue in recent times and because of this the US and Russia are pushing the topic forward, to where it has now become a topic on the Munich Security Conference for the first time. With Egypt taking advantage of cyber world to send pro-government messages to China blocking certain website it has become an international issue that they hope to see make on to the Geneva Council. Many have said that “cyber war” is just hype but there have been documented daily cyber incidents and has been seen in the recent cyber attacks on the Stock Exchanges in Britain and the US.

Reflection:

With any rules or regulations come repercussions for businesses which means that they should be keeping track of any progress made in regards to cyber security and how it will impact their business either for better or for worse. Companies may have to implement new programs in order to obligate with any cyber security laws that might come into place. This  means higher cyber security for companies which is good but takes up their two most valuable resources: time and money. In addition, this might make it harder for businesses whose products or services are sold primarily through the internet. This means that if a certain customer is unable to access their website because of security there could be problems (not exactly sure if this is accurate as I am not a technological expert). Companies should definitely be involved in the issue of cyber security because of how it might affect their business transactions, communication between overseas subsidiaries, and just getting their product transferred through countries quickly. Higher security could work as a trade barrier because of the longer process that would analyze security risks. These are all situations that would most likely come out of the cyber security rules. One major benefit is that companies do not have their business taken over by hackers or just being used inappropriately. All in all though companies should be aware of the barriers that could be raised and how it will impact the supply chain or other business transactions.

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Blog 3: Huge Protests Fan Egypt Unrest

February 1, 2011

Due Date: February 1, 2011

Article Sourcehttp://www.bbc.co.uk/news/business-12235625

Article Date: February 1, 2011

Article Title: Huge Protests Fan Egypt Unrest

Summary:

Protests in Egypt have been growing over the past few days and protestors are hoping to grow to over 1 million people. They want to see President Hoshni Mubarak 30-year’s reign come to an end. President Mubarak has said that the army will not use force against the protestors. The growing unrest has already caused a cutoff of the internet and text messaging services and it is estimated that throughout the country there has been 300 fatalities.

Reflection:

International businesses need to be very aware of the movement in Egypt so as not to offend neither the government nor the protesters. For example, if there ships are docked in Egypt they need to be aware of the unrest and make sure to be sensitive while in Egypt. Businesses already located in Egypt will have to be careful not to anger the crowd as it can lead to property damage and perhaps closure of business. Businesses whose supply channels come from Egypt or who are somehow tied to Egypt will have to understand the nature of political unrest so that they do not push too hard on suppliers who in turn push hard on those in Egypt who cannot do anything about the political unrest. Often times political situations can cause problems such as boycotts or other trade barriers that businesses must be aware. Businesses will have to be alert about this unrest so they can adjust their trade patterns, such as imports and exports, correctly to adjust to the political environment factors. Being alert can keep them from offending the country and also so that if a new leader is elected they are able to adjust if to how it will affect them. For example, if they are manufacturing in Egypt and a new leader is elected they will need to know if wages are changing or if they have to pay different taxes, etc. Additionally, if a new leader is elected and Egypt makes changes it is important for businesses who are looking for new opportunities so that they can take into consideration the political environment factors and if this will become an emerging country or not. Finally, it is important for businesses to keep in mind these political environment factors because it will help them understand where the culture and economic system may be headed.  Depending on the leader in power and the stability of the country, there may be improvements or degradation in the country. One final point: the whole political atmosphere will impact any US business because of the whole Middle Eastern situation/tension and our dependency on oil.