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Services
What is Security/Risk Management and does it affect you?
Security/Risk Management is the anticipation, recognition and appraisal of risk. And the initiation of some action to remove the risk and or reduce the potential loss from it to an acceptable level.
Considerable effort and expense goes into creating a profitable enterprise and it is alarming to discover how often inadequate security systems and procedures undermine this. Security is – or should be – as much of a company’s business strategy as marketing, product development or new equipment allocation.
Companies face a range of complex security-related challenges. In addition to the major concern of information security. Firms must assess and manage political and criminal risk, track and avoid illicit business and financial transactions, and carry out due diligence and other investigations. Companies likewise are faced with setting up and running traditional physical and personnel security efforts in sometimes unfamiliar and often exceedingly complex legal and cultural environments. Many organisations play only a secondary role at best in tackling many of these issues. Moreover, many of these firms have no centralised programs to coordinate and rationalise their security-related efforts.
The lack of centralised programs to monitor and manage the full range of security missions leaves firms vulnerable to threats that either cut across lines of responsibility or fail to fall neatly within the mission of one or more of the managers concerned.
It is essential to protect the combination of resources (core competencies) that give the company its competitive advantage. Any threats that may affect or endanger these resources must be eliminated or reduced to an acceptable level. With this approach security/risk management efforts will have a decisive role in improving the firm’s competitive advantage and profitability.
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