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Source: CSO Online - Posted by Anthony Pell
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Maybe the single-most influential article on CSOonline.com has been What is a CSO? A number of people have helped big companies better understand the role—then create a better-funded and better-managed security function—by forwarding that article to a CEO, a CFO or an HR manager.
Here's a still more advanced way of understanding the CSO role and the business value of risk management.
In the 80s, Harvard business professor and consultant Michael Porter wrote about value chains. A simplified explanation of his theory is this:
Every company tries to build a great sales department. A great marketing department. Efficient financial systems. Excellent manufacturing operations. And because every company tries to make those functions great, it's very hard to get a big competitive advantage that way. Good departments are a basic requirement, likely not a competitive advantage.
Read this full article at CSO Online
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