In: Operations Management
What role does/or can security play as a risk management technique? Does it seem that this practice is widely used? If so, why? If not, why not?
Security helps in ensuring that risks can be managed and the organisation is safe even when a risk occurs. Security acts as risk coverage and is widely used by many companies as a risk management technique. This is because securities are the best ways of recovering a risk and making sure that the company is safe. Hence they are widely used.