Security and Loss Prevention Management

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SECURITY AND LOSS PREVENTION MANAGEMENT Experts estimate that nearly 80 percent of all small businesses fail in their first three years. In most cases, the cause is poor management. One of the most neglected and poorly managed aspects of small business operation is security and loss prevention. Yet, according to U.S. Department of Commerce statistics, employee dishonesty alone causes 30 percent of all business failures. Add to that failures resulting from other crimes committed against company property, employees and customers and it 's easy to see why the true rate may actually exceed 60 percent. Most managers understand neither the risks they face, nor the principles of loss prevention management. As a result, they tend to avoid…show more content…
While crime against guest may raise moral and ethical questions, innkeepers and potential innkeepers do not need any information to explain that such issues are involved in providing safe and secure accommodations. Rather, it is the legal implications of this fact and the various actual security systems and procedures available that must be studied. Such information is never gained through institutes. DEVELOPING THE SECURITY PROGRAM A security program should stress the prevention of security problems. It is far more desirable to keep security incidents from occurring than it is to catch a criminal after a crime has been committed. Certain actions and procedures, properly implemented, may help to prevent or discourage such incidents. Nonetheless, it must be recognized that not all crimes are preventable. The following list indicates general areas that should be considered for inclusion in a property’s security program: * Locks, key control, and electronic or mechanical card access control. * Guestroom security * Control of persons on
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