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The Value of Private Security

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The Value of Private Security
The Value of Private Security Management to Businesses

James P. Hogg

University of Phoenix (Online Campus)

Introduction to Organizational Security and Management

SEC-310

David D. Cornely, DM

November 5, 2006

Abstract

The value private security management brings to businesses is not limited to the

intangible feeling of safety and security in the workplace. While this is certainly an

important aspect that may lead to increased employee performance by reducing

unsafe conditions, the value of private security management can also be measured in

dollar signs. Through the use of the return on security investment formula (Barr, 2004),

business managers can understand the implications an effective security program has on

profits. This paper will explore both the tangible and intangible value of private security

management to businesses.

The events of September 11, 2001 (9/11) brought attention to the seriousness of the

threat Americans face and the consequences of inadequate security measures. As the

human toll was being calculated, one can imagine that affected businesses were also

calculating the loss of personnel, revenue and other assets. Then followed the bio-

terrorism scares with anthrax or in some cases, suspected anthrax being sent in postal

packages to various businesses and political offices. The ensuing hysteria created, once

again, a loss of personnel (some through illness, but most from fear of exposure) and a

loss of revenue. While these events had a significant impact on bringing security into the

spotlight and increased the importance of security management in the eyes of private

citizens, many businesses recognized the terrorist attacks as a "perceived risk" (Barr,

2003). This was, in large part, a result of the risk management guidance provided by

private security professionals. By avoiding excessive expenditures as a "knee-jerk"

reaction to an



References: Barr, James G. (2003). Managing Real Risks. Faulkner Information Services. Retrieved November 5, 2006 from University of Phoenix, rEsource, SEC310, Week 1 Barr, James G. (2004). Seven Strategies for Becoming a Security Leader. Faulkner Information Services Barr, James G. (2004). Business Continuity: Business in Denial.. Faulkner Information Services

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