SHS Web Conf.
Volume 74, 2020The 19th International Scientific Conference Globalization and its Socio-Economic Consequences 2019 – Sustainability in the Global-Knowledge Economy
|Number of page(s)
|Behavioral Economics and Finance
|10 January 2020
Cost benefit analysis within organization security management
University of Zilina, Univerzitna 8215/1, 010 26 Žilina, Slovakia
* Corresponding author: Katarina.Makka@fbi.uniza.sk
The present time is constantly evolving, advancing and bringing new challenges and threats that may have an adverse impact on individuals and organizations. Each organization must adapt its activities to the current situation. It must also take care of its security, which it needs to ensure its existence, successful functioning and continuous improvement of its position within the global environment. Security must therefore be part of the organization’s main strategies. Therefore, appropriate attention should be paid to security and the organization should regularly allocate sufficient resources to ensure its security. The aim of this article is to point out the possibilities of using the CBA method in the framework of security management in the concept of socially responsible business. The CBA method provides scope to develop and incorporate its methodological framework into standard risk management practices within a company by assessing the costs and benefits of the proposed preventive measures related to ensuring the required level of security within the organization.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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