Modern paradigm of corporate security and implementations of crisis management in the countries of the Western Balkans

Milikić Dejan (Pravni fakultet Univerziteta u Kragujevcu), dmilikic1@gmail.com

Corporate security implies an appropriate traditional social approach to the protection of European corporations, achieved by securing property, capital, and their creators. Security presupposes preventive measures against all forms of destructive threats in the field of business. In modern European business conditions, corporate security has developed into an independent business function on equal footing with other functions. Today’s business of European corporations carries a certain level of risk. Adequate risk assessment and engagement in ruthless market competition are measured by quantities such as profit. For this reason, the role of corporate security and risk assessment, with appropriate managerial knowledge, is the foundation of a successful business venture. The forms of security threats may be different. However, the specifics of the above‐mentioned issues are “more or less” identical in all EU countries, including the Western Balkans countries. The basic problem of protecting a company is that the forms of threats are constantly changing and transforming into other forms of threats until an effective way of combating them is found. All this requires a high level of material expenditure and, in particular, a great ability to understand these phenomena. Crisis management plays a major role in such activities, which, according to European standards, must predict, react, and regulate existing business problems.

Keywords: corporate security, globalisation, risks, crisis management, Western Balkans, EU