Industrial Security and Loss – Term Paper Example
The paper "Industrial Security and Loss" is a worthy example of a term paper on law. Security refers to the degree of protection against loss, crime, danger, and damage. There are different forms of processes and structures designed to enhance security in industries. The Institute of Security and Open Methodology defines security as protection where boundaries separate between assets and threats. In the process of analyzing industrial security, there are other terms related to the concept of security. These include reliability, continuity, and safety. The difference between reliability and security is that security takes into account the actions of people trying to cause destruction (Sennewald, 1999, p. 23).
Various responsibilities organizations in industrial security must address
In the corporate world, different security aspects had a different level of emphasis – specifically by distinct and often non-communication departments for physical security, IT security, and fraud prevention. Today, the need for a composed security model with interconnected nature requirements has evolved. This is because all departments in the industry need adequate patrol by centralized systems to enhance adequate security. Below are some of the key responsibilities that need to be addressed to enhance security in an organization (Sharma, 2005, p. 34)
This is an independent professional service, provided by Certified Public Accountants (CPAs). Their aim is to improve the context of information for decision making. Through the service, CPAs work together and put forward suggestions which in the long run reduce risks associated with information risks (wrong information). Organizations will have the position to identify different misrepresentations in their information. This will reduce the level of errors and frauds as well as lay a healthy ground to safeguard the organization's assets (Sharma, 2005, p. 36).
This is an action or a measure taken to offset or counter another one. Countermeasures may refer to the disciplinary spectrum that follows defense, policing, and law among others. Security sector should consider measures which enhance the sustenance of the industry, to prevent undesirable outcomes in running an organization (Sharma, 2005, p. 36).
Defense in depth
This should be addressed by organizations as it aims at increasing the complexity to an attacker. It does not prevent attackers from executing their undesirable actions; it complicates the process, by lengthening their process. This can be met by using integrated security systems such as radar systems among others (Sharma, 2005, p. 36).
This is the potential that a chosen activity or action will yield to a loss. The risk may also be termed as potential losses. All organizations should always analyze the level of risk open to the venture. This will reduce the chances of losing assets. The organization should also hire a team of risk evaluators to find a solution to different risk-related problems (Sharma, 2005, p. 36).
This revolves around the inability to withstand the conditions in a hostile environment. Organizations should have the capability of assessing the venerability and creating methodologies to cope with the situations challenging the level of security. Venerability research should cover multidisciplinary fields including poverty studies and development, climate studies, public health, political ecology, and security studies. All in all, organizations should try and reduce venerability related to Millennium Development Goals and poverty. This will ensure that the organization is secure and maintains a sustainable position in the business environment (Sharma, 2005, p. 36).
Causes and effects of industrial loss
There are many elements causing losses in the industrial sector. Some of these causes are theft, natural occurrences, embezzlement of funds, misrepresentations, poor physical security measures, and unfavorable businesses environment among others. All these causes are within the reach of the management (Sennewald, 1999, p. 43). The whole organization should hold hands together and suppress the risks available in the investment environment. Losses have various effects, and below is an n outline of the major effects of losses in industries:
1. Low income: the industry will experience an overall reduction in the average income. This will lead to an increase in the prices of products to increase the profit margin. Low income may also lead to the retrenchment of employees to reduce expenditures.
2. Arise of unhealthy working conditions: This is because the industry’s management will add pressure to the employees to cover up for the loss incurred. Examples of these conditions include long working hours among others.
3. Replacement of workers by machinery: This is another cause of unemployment in the process of reducing expenses.
4. Economic depression: Interlinking of companies may cause the effect. A problem in one industry may affect other industries. A practical example is the performance of the oil industry in 2008.
5. Industrial conflict is another effect that could lead to a lack of peace among workers.
Industrial security is extremely essential for the performance of any economy. Organizations in the sector should hold hands and ensure that the above considerations have space in their undertakings to create a sustainable business environment.