Why is financial knowledge important to security executives?
These executives are running a service organization within a larger business. They have to compete with other divisions within the organization for resources. How can you show the resources would be best invested in your area? To make your case, you need to be able to speak the language of finance. You may have a good case, but it will not be heard unless you know how to communicate it properly. How can an executive make a case more effectively for investments in security? It is important to understand the overall financial objectives of the organization. The company may be seeking to earn a rate of return on total investment that is greater than 12 percent at the same time that it grows at 10 percent per year. It is important to understand that larger story and be able to articulate the role that security is going to play in achieving it. Security investments are often seen as a necessary expense. How could you make the case that an investment in security could contribute to the compa
