Economic security is business management’s key component, Oleg Borisov says

14 March 2008 (09:11)

‘Ensuring a company is economically secured has always been and will always remain one of the key components in business management. A proprietor needs to feel safe knowing that their assets are protected by professionals,’ Oleg Borisov, the General Director of Europe-Asia, the information and consulting center, said to UrBC.


‘Current economic growth means even more attention has to be paid to security issues. Business development, entering the new markets in neighboring regions and other countries, and cooperating with the new partners and contractors all require high quality support. The more successful a business is, the more challenges it is faced with, including the security risks, of course,’ Mr. Borisov said.


‘These risks become particularly pronounced given Russia’s upcoming entrance to the World Trade Organization: Russian and Western standards need to be synchronized. Remarkably, even though the theory of providing economic security is the same here and there, practices differ dramatically. One needs to understand that a standard adopted by, say, the EEC does not account for economic development trends, politics, or mentality of the major economic security providers,’ he added.


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