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<p>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.
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<br>Subjects: Soldiers.; Private military industry; private military company; private military firm; mercenary; five forces analysis; transaction cost economics; entrepreneurship;</div>
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Sokmen, Ercan</div>
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