JOURNAL ARTICLE

U.S. Businesses Need to Be More Prepared for Physical Risks: From gun violence to catastrophic weather events, companies need new operational strategies to secure their organizations.

  • Published In: Harvard Business Review Digital Articles, 2023. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Herrington, Mark 3 of 3

Abstract

The article focuses on the increasing physical risks faced by U.S. businesses, such as gun violence, extreme weather, and supply chain disruptions, and emphasizes the need for companies to adopt comprehensive operational strategies to prepare for these threats. It highlights that while many organizations prioritize cybersecurity, physical security often remains under-resourced despite its significant impact on operations, employee safety, and reputation. Business leaders are encouraged to assess their specific risk landscape, develop detailed crisis and risk-mitigation plans, assign clear ownership of physical security, and regularly update and practice these plans to build organizational resilience. The article also notes that investing in physical security can provide a strategic advantage by enhancing agility and recession resistance.

Additional Information

  • Source:Harvard Business Review Digital Articles. 2023/02, p1
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2023
  • Accession Number:161928977

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