It’s no secret that the cost of doing business in our local region isn’t as economically feasible as it once was. If we can manufacture and deliver a marble for 10 cents in foreign countries why would we pay 1 dollar to do the same domestically? If the bottom line is only measured by morality, the answer would be simple. However, we have a different kind of math when it comes to business and regardless of how ‘nice’ we are that isn’t going to keep the lights on. The question is; how much are we saving?
The hidden cost of discounts are beginning to expose themselves more and more and as a result risk management teams are forced to look into mitigating practices when it comes to the protection and ‘duty of care’ of their employees in both a nomadic and sedentary role. As we are aware, workplace violence and the organization’s policies are effective anywhere the employee may be in their daily role, which would lead us to the conclusion that that includes anywhere in the world that an employee would have to travel to. The term ‘executive protection’ has now morphed into something that encompasses more than just a stretched limo and an Armani wardrobe. ‘Duty of care’ is a much more accurate term that simply means that anyone from a salesman, to a CEO requires some form of protection when travelling to foreign areas in a business capacity. The levels of protection and the pre-planning of course will fluctuate based on the importance of each role.
When the bad guys are looking to kidnap an employee of an organization they look at one main thing; how much are they worth? If a certain individual were to go missing, what would the damage be in terms of the organization’s operations and image? Once these questions are assessed and answered, the worth of the employee can then be established.
Each region must be assessed continuously for any potential threats that could be harmful; anything from local crime to the political theme. In Mexico for example large, multinational corporations face a substantial cost of doing business due to the continuously changing risk landscape, which requires security executives and their organizations to be able to adapt quickly to changes. The nation is inundated by an ongoing war between drug cartels, which has to be taken into account in enterprise risk management plans, as do other crimes including cargo theft, extortion and kidnapping. Companies with operations in Mexico are forced to maintain a certain level of situational awareness and conduct detailed due diligence on third-party vendors and employees and as a result have had to include security and theses costs are beginning to rise.
So whether we are using staplers in an administrative role at the local headquarters or dawning the local customary clothing in the foreign areas we frequent, we exist under one brand, all things are equal including the protection we are entitled to.