The private military industry: economic analysis, uses and considerations

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Authors
Sokmen, Ercan
Subjects
Private military industry
private military company
private military firm
mercenary
five forces analysis
transaction cost economics
entrepreneurship;
Advisors
Drew, Nicolas
Hudgens, Bryan
Date of Issue
2007-03
Date
March 2007
Publisher
Monterey California. Naval Postgraduate School
Language
Abstract
Different customers in different ages have used private military members as part of the military operations. After to Cold War, a new form of Private Military Industry emerged. Companies serving in both military support and offensive operations, and morally and legally questionable military operations in conflict regions raised many dilemmas about the industry. Without understanding the economic, legal, ethical, and contractual dynamics of the industry, there is no simple way of employment of private military companies (PMCs) for democratic governments. This study tries to cover these dynamics for better use of PMCs, without considering whether they are beneficial or not. A better understanding of the industry, governments, international community and other prospective legal clients (such as non-for-profit organizations and private firms) can produce the necessary outcomes. By using Porter's "Five Forces analysis", driving factors of industry are analyzed, as are to sub-factors within these areas and the competency of some key players. Then, the impacts of PMCs on military operations (i.e., legal, ethical and entreprenuerial considerations) are explored.
Type
Description
MBA Professional Report
Department
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
xvi, 137 p. : ill. ; 28 cm.
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
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