It’s natural to expect that rising unemployment and other economic realities would increase the number of security events that organizations face, and this assumption has held true during the current crisis. Because of the economic downturn, statistics reveal that companies are suffering more burglaries, shoplifting, robberies, workplace violence, and insider theft. Like all aspects of business, small business and corporate security are under the thumb of the sagging economy. Risk and vulnerability assessments still inform many security executives about the amount of security spending that is necessary, but the actual resources at the disposal of the security department depend on harsh economic realities. In a recent trip to the NRF Loss Prevention Conference, if I heard it once, I heard it one thousand times, “We must do more with less,” and I know the retail sector is not the only one’s facing this issue.
The resources a security department receives may or may not conform to what security assessments say is called for, some of you may not even have an assessment, yet to know your vulnerabilities. Security executives and business owners are surely not alone in facing this challenge. All department leaders are being asked to scrutinize their spending, identify waste, and find solutions that deliver cost savings to the company. But when it comes to security, the challenge and the stakes are higher than in other functional areas.
This presentation discusses how to better justify the Physical Security Technology budget and ways to measure your Return-on-Investment (ROI) of your solution. We will review vulnerabilities and how countermeasures from companies such as Stanley CSS can help. And, at the same time, we may be able to help some of those other department managers do their jobs better with less.”
Even for intact security departments, security executives now face a uniquely challenging situation. While all department leaders are being told to do more with less, security executives must do so while also contending with the risks that a collapsing economy intensify. Mired in the worst recession most security directors have ever witnessed, the pressure is clearly on. Security purchases that promise a return on investment must deliver as expected.
I look forward to further discussion, I know many of you have added between 2% -30% to your company’s bottom line with the proper use of today’s technologies, please feel free to comment, I look forward to your perspective.
I look forward to further discussion, I know many of you have added between 2% -30% to your company’s bottom line with the proper use of today’s technologies, please feel free to comment, I look forward to your perspective.
