How would theft in a workplace affect a companys management strategy?

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akannan's profile pic

Ashley Kannan | Middle School Teacher | (Level 3) Distinguished Educator

Posted on

I would say that theft impacts a company's management strategy because it strikes at both profitability and the issue of trust within a company.  This makes it an internal and external concern.  From the latter point of view, the company has to account for the theft and this impacts the ability for it to be profitable as it has to replace that which has been stolen and prevent future losses in this realm.  This becomes especially relevant when there is an embezzlement or misappropriation of funds in a company.  On an internal level, there is a challenge to be faced down when theft is present.  A company's management strategy has to account why employees steal and how it can inspire its components to have more pride in the company to understand that stealing is antithetical to the functioning of the organization as well as something that hurts everyone.  This will involve thinking about ways to bring more employees into seeing themselves as part of the organization.

lfawley's profile pic

lfawley | College Teacher | (Level 1) Associate Educator

Posted on

In the first place, management would need to determine the reason why the theft occurred. Are you talking about a situation in which an employee is stealing or is this an outside theft? The two are very different and are also motivated by different factors. Sometimes, employee theft is a sign that there are deeper problems within the management structure. There may be a sense of animosity toward the company (are there too few benefits? Does management not listen to worker concerns?) that led to the theft in the first place. Management obviously wants to tighten security protocols, but when there is an inside job there also needs to be a better examination of why the employee chose to steal in the first place. This is a sign of an unhappy workplace, which is also a sign that there is something wrong from the management level down (although, of course, this could be an isolated incident, it is better to treat it as a chance to review policy and worker satisfaction)

If the theft comes from an outside source, then management will need to rethink strategy on securoty proptocols to prevent it from happenning again.

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