Enterprise strategic planning is about encouraging long-term thinking of the organization by establishing the directions and constraints that will guide the tactical achievement. While making the decisions of the future planning there are uncertainties and the future prediction is very difficult. “The best-laid plans of mice and men often go awry” (Funston & Ruprecht, 2007), so risk is involved with any strategic planning. Security Strategy is the plan that will moderate risk while complying with legal, statutory, contractual, and internally developed requirements to achieve the business goal. In-order to achieve the business goal organization must align both enterprise strategic plan and security strategic plan because enterprise’s strategic drivers are derived from scanning environmental factor which is a key essential within security strategic plan.
Since business strategy is all about proving that the company’s success and achieving stable long term earning growth over it’s competitor security strategic plan will help organization to adopt to its environment. Environment in macro level includes industry, competitor analysis, market research, product innovation. Security Strategic plan includes the environmental scan and performs SWOT (Strength, Weakness, Opportunities, and Threats) analysis that will leverage the strengths and minimize the weakness of the enterprise. The information will help in decision making for the business unit’s strategic plans. Security plans involves regulatory and legal requirements that enterprise has to determine before making decisions. Enterprise’s data security, privacy and informational management are handled by the security team and business has to make the decision whether these matters needs to be maintained in-house or outsourced. These insights will identify lots of question to strategic planners and minimize the future risk by addressing them in the strategy plan. Consumer always demands the standard of the product and it will make the company rise a step ahead of it’s competitor. Security plan will determine how to identify the higher standards for the performance, bandwidth, power, performance, flexibility, reliability, connectivity, integration, real-time solutions, and security. For example, HIPPA regulates each individual in health care profession and enforce them for the standards. Organizations benchmarking these standards and driving the strategic security initiatives always achieve the competitive advantage than others. Security strategy plan also determines the international standardized requirements for the organization. In order to perform the business in international arena business organization has to follow international security protocols and standards. For example, an airlines company has to follow the guidelines of International Civil Aviation organization (ICAO).To minimize the risk of the legal aspect and cost associated with it, enterprise has to incorporate all the policies and plans during the strategic planning and security strategic planning will provide all the analysis of the security beforehand so that the decision making is easier.
Integrating the security drivers within the enterprise strategic planning will effectively achieve the long-term business goals holistically. It will maximize the ability to manage the information risk by assessing and validating the compliance with ever-changing legal, regulatory, contractual or other applicable standards (Evans, 2015). Treating the security plans as different entity and alienating them will impact the decision making of the strategic planners and also gets into the legal and regulatory trouble. Market research will be weak and products might not address the need of the gap analysis. Lack of competitive intelligence and business intelligence will create vulnerability in decision making about everything from marketing, R&D, and investing tactics, to long term business strategies.
Works Cited
Evans, B. (2015, July 08). The Importance of Building an Information Security Strategic Plan. Retrieved September 20, 2015, from security Intelligence by IBM: https://securityintelligence.com/the-importance-of-building-an-information-security-strategic-plan/
Funston, R., & Ruprecht, B. (2007, May 01). Risk in the Strategic Planning Process. Retrieved September 20, 2015, from Business Finance : http://businessfinancemag.com/business-performance-management/risk-strategic-planning-process
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