Business Continuity and Homeland Security, Volume 1

Business Continuity and Homeland Security, Volume 1

The Challenge of the New Age

Edited by David H. McIntyre and William I. Hancock

A practical and timely study on how businesses need to prepare for natural and man-made disasters. What should businesses consider in preparing for terrorist attacks, natural disasters, pandemic illnesses and other emergencies? What steps can a business take to ensure continuity during and after a crisis? What can we learn from past success?

Chapter 12: Prospering in the Secure Economy

Greg Pellegrino and Bill Eggers

Subjects: business and management, international business, law - academic, terrorism and security law, politics and public policy, terrorism and security


Greg Pellegrino and Bill Eggers Private-sector preparedness is not a luxury; it is a cost of doing business in the post-9/11 world. (The 9/11 Commission Final Report, 22 July 2004) INTRODUCTION 12 September 2001 – the global economy is forever changed. The new leaders, in both government and the private sector, will increasingly be defined by how well they respond in this period of maximum uncertainty. The organizations that prosper in the face of these new realities will not only proactively invest in compliance, processes and tools to become more secure themselves, but will also discover how to create economic value from relationships, processes and even products that enable security. The new environment created by heightened security concerns is much different than that experienced during the last major economic revolution – the dot-com period. This new period is defined by greater vulnerability, increased threat awareness, regulatory compliance and rapid response to change. It is an environment not only signified by the global war on terrorism, but also of enhanced visibility – and responsibility – across supply chains and cross-boundary relationships. Prospering in the secure economy will require three essential capabilities: ● ● ● Continual chief executive officer (CEO) and leadership focus. Greater collaboration between business and government. Enhanced shareholder and constituent value from security. Organizations that do not translate the current period of increased security compliance requirements and standards into sustained performance will miss an opportunity in this period of rapid change. This chapter shares important insights into the new secure economy and explains what organizations need...

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