answer original forum with a minimum of 500 words and respond to both students separately with a minimum of 250 words each
please follow directions or I will dispute
page one original with references
page 2 stacy response with references
page 3 John Response with references
original forum
Is it feasible for a loss prevention manager to assume all of the duties of a risk manager, besides those of loss prevention? Why or why not?
student Response
stacy
Although it is possible for a loss prevention manager to assume all of the duties of a risk manager, it is not feasible due to a variety of reasons. Loss prevention managers are tasked with protecting assets and preventing losses while risk managers are tasked with identifying and measuring losses; however, they share the goal of minimizing losses but through different avenues.
Loss prevention managers are responsible for protecting assets such as property, people, and money through the use of physical security measures and loss prevention staff. Risk management is concerned with financial loss while loss prevention is concerned with physical loss. Risk measures the chance of an occurrence by measuring threat and vulnerability while loss prevention attempts to prevent the occurrence through detection and deterrence. (Russell & Arlow, 2015) Loss prevention managers are concerned with what’s in front of them while risk managers are concerned with the long-term future. Risk managers provide guidelines and make recommendations used by loss prevention managers such as set security goals, identify assets, assess risks, establish priorities, implement protective programs, and measure effectiveness. (Lee, 2008)
An argument has been made that “those who believe that security is in principle risk-averse find it difficult to explain, and certainly hard to understand, how the concept of security can be reconciled with voluntary risk-taking and confined to an accepted standard of losses. The contrary argument is that some minor risks and losses are anyway to be accepted because scarce resources should be directed towards more important ones.” (Manunta, 1999, p. 63) In other words, loss prevention/security managers find it difficult to consider accepting any losses of any scale while risk managers anticipate those losses and attempt to measure them as though they are inevitable versus devoting resources to preventing loss from occurring in the first place. Because of this difference in outlooks, it doesn’t seem that one manager would be effective in overseeing these conflicting ideologies.
In my role as a loss prevention/security manager, I've relied on knowledge from multiple disciplines to effectively carry out my job duties such as human resources for employee-related investigations and infractions, engineering for fire life safety including fire alarms, fire pumps, and sprinkler valves; and safety for reduction of workers' compensation claims resulting from workplace injuries. Pe.
answer original forum with a minimum of 500 words and respond to bot.docx
1. answer original forum with a minimum of 500 words and
respond to both students separately with a minimum of 250
words each
please follow directions or I will dispute
page one original with references
page 2 stacy response with references
page 3 John Response with references
original forum
Is it feasible for a loss prevention manager to assume all of the
duties of a risk manager, besides those of loss prevention? Why
or why not?
student Response
stacy
Although it is possible for a loss prevention manager to assume
all of the duties of a risk manager, it is not feasible due to a
variety of reasons. Loss prevention managers are tasked with
protecting assets and preventing losses while risk managers are
2. tasked with identifying and measuring losses; however, they
share the goal of minimizing losses but through different
avenues.
Loss prevention managers are responsible for protecting assets
such as property, people, and money through the use of physical
security measures and loss prevention staff. Risk management is
concerned with financial loss while loss prevention is concerned
with physical loss. Risk measures the chance of an occurrence
by measuring threat and vulnerability while loss prevention
attempts to prevent the occurrence through detection and
deterrence. (Russell & Arlow, 2015) Loss prevention managers
are concerned with what’s in front of them while risk managers
are concerned with the long-term future. Risk managers provide
guidelines and make recommendations used by loss prevention
managers such as set security goals, identify assets, assess
risks, establish priorities, implement protective programs, and
measure effectiveness. (Lee, 2008)
An argument has been made that “those who believe that
security is in principle risk-averse find it difficult to explain,
and certainly hard to understand, how the concept of security
can be reconciled with voluntary risk-taking and confined to an
accepted standard of losses. The contrary argument is that some
minor risks and losses are anyway to be accepted because scarce
resources should be directed towards more important ones.”
(Manunta, 1999, p. 63) In other words, loss prevention/security
managers find it difficult to consider accepting any losses
of any scale while risk managers anticipate those losses and
attempt to measure them as though they are inevitable versus
devoting resources to preventing loss from occurring in the first
place. Because of this difference in outlooks, it doesn’t seem
that one manager would be effective in overseeing these
conflicting ideologies.
In my role as a loss prevention/security manager, I've relied on
3. knowledge from multiple disciplines to effectively carry out my
job duties such as human resources for employee-related
investigations and infractions, engineering for fire life safety
including fire alarms, fire pumps, and sprinkler valves; and
safety for reduction of workers' compensation claims resulting
from workplace injuries. People often ask me how I know so
many different subjects and my answer is that being a security
manager requires a little knowledge about a lot of topics to be
an effective and successful decision-maker and problem solver.
Risk management also coincides with engineering and safety,
but an engineering or safety manager wouldn't assume the role
of risk manager just as a loss prevention manager wouldn't or
shouldn't.
It’s beneficial for both loss prevention and risk managers to
have knowledge of the other’s field but if one was to take on
both roles, one of the fields would suffer as they both deserve
and require a great deal of attention that is nearly impossible
for one person to provide, thus leading to the failure of one or
both. It is feasible, however, for there to be a single individual
who oversees both the loss prevention and risk management
departments such as a corporate executive that both loss
prevention managers and risk managers report to directly.
References
Lee, E. (2008). Homeland Security and Private Sector Business.
Boca Raton: CRC Press,
https://doiorg.ezproxy1.apus.edu/10.1201/9781420070798
Manunta, G. (1999). What is security? Security Journal, 12(3),
57–66. Retrieved from
http://search.proquest.com/docview/230355077/
Russell, D. L., & Arlow, P. C. (2015). Industrial security:
Managing security in the 21st century. Retrieved from
4. https://ebookcentral.proquest.com
john
Hello Professor and Classmates,
Is it feasible for a loss prevention manager to assume all of the
duties of a risk manager, besides those of loss prevention? Why
or why not?
I do not think it is feasible for a loss prevention manager to
assume all of the duties of a risk manager. They are two entirely
jobs and placing such a load of work on a manager may then
bring oversight to the position and the business as a whole.
Both risk management and loss prevention share many of the
same duties or concerns, but they should not be compiled
together for one manager to handle. One of the main differences
that can be seen is that of disaster recovery. Disasters can
happen in many different forms and requires a great deal of pre-
emptive planning.
It also requires collaboration from an expert with the local
community. Thus, much of the work being done needs to be
performed with external elements of the business. Risk
managers are looking at a variety of risks that threaten the
business. In contrast loss prevention managers are more
concerned with protecting the assets of the company.
The processes of both (loss prevention and risk management)
are also different as well. Take risk analysis for instance. This
looks at the risk of an organization in terms of qualitative and
quantitative analysis. Thus, there is a vast amount of
5. information that needs to be analyzed in order to figure out the
level of risk that may come from different scenarios.
Having a manager that needs to oversee the loss protection team
for instance is enough work. Dealing with scheduling, reports,
inventory and controlling the assets is a task in its own. Now
add in external threats, risk assessments, risk analysis, risk
management objectives and there is an array of work to be had.
I think depending on the size of the organization would matter
as well. If there is already a team in place for loss prevention,
then it is going to be difficult for that manager to take time
away from them and focus on risk management.
If an organization were to place all this under one department,
there may be issues with manpower and expertise. Loss
prevention personnel and risk management personnel share
some characteristics, but they do come from different
backgrounds.
I fully believe that it is more beneficial two have two managers
that work together in collaboration with the risk and losses
facing an organization. One of the biggest reasons I feel that
this cannot be a role in the same is that loss prevention handles
the physical assets of an organization. That being securing the
property and people in it. Whereas risk management is focused
on the financial gain or loss from any risks that may come
about.
Having two expert managers in each position is far more
beneficial to the organization. By working together the manager
of the loss prevention team can help explain what assets they
feel are expensive or worth more for instance. They may have
more expertise in the security equipment being placed in it, yet
the risk manager may understand better how to insure it
properly against possible theft or destruction.