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: Negotiate the release of the crew, ship, and cargo for the lowest possible ransom price; Negotiate supported by the threat of potential force; Use of force (consent to U.S. Navy SEAL attack); 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?

5. Conclusion of the Case Study Ransom on the High Seas: The Case of Piracy in Somalia

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1 Pirates in Somalia emerged primarily due to political instability poverty and lack of effective governance in the region Initially they were fisherm... View the full answer