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Risk Aversion through Management

Risk is inherent to any business operating today.  The market can change or a weather storm can leave your company vulnerable.  Some risks can be reduced or avoided all together through Risk Management.  Your company can take steps today to plan for the risks of tomorrow.  A change in procedure, equipment, or policy can make the difference when facing the risks of tomorrow. 

Risk is inherent to any business operating today.  The market can change or a weather storm can leave your company vulnerable.  Some risks can be reduced or avoided all together through Risk Management.  Your company can take steps today to plan for the risks of tomorrow.  A change in procedure, equipment, or policy can make the difference when facing the risks of tomorrow.

 

The process starts with a comprehensive Risk Assessment performed by a qualified Certified Industrial Hygienist.  This professional has the knowledge and training needed to perform scientific calculations to understand the challenges that your company faces today and likelihood of facing those challenges in the future.  The Certified Industrial Hygienist starts by identifying the potential risks.  The Identified Risks are then tabulated with the likelihood of them occurring and impact that risk would have on your company’s daily operations. 

 

Risks can exist in many different forms within a facility.  The health of the employees could be one type of risk faced.  Certain procedures or equipment could reduce the chance of the employees being injured on the job.  The security of the information at the company could be at risk and require additional safeguards to protect proprietary information stored.  Risk can exist in every corner of the business and it is critical to accurately identify each risk and determine the severity to the company if that risk came to fruition. 

 

A Certified Industrial Hygienist can work with your company to do a thorough Risk Assessment for your company.  This gives your company areas to focus on and improve through proper Risk Management.  Each type of risk can be systematically reduced by investing the time and effort today for the risks of tomorrow.  The future can be uncertain for many companies, but it is certain that challenges are just over the horizon and a Risk Management plan in place can help reduce the impact of each risk faced.  Planning for the future today helps to ensure the success of tomorrow for the company.  A competitive advantage can be gained in the marketplace by making your company resilient to risks.  Risk Aversion starts with the identifying potential areas and putting proactive solutions in place to avoid the risk completely.  The process is an ongoing marathon, not a sprintArticle Submission, which should be started sooner than later.  Starting the process now can determine how difficult the journey is on the road ahead and the future success of your company.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


I just moved from Chicago to Tulsa, Oklahoma.  I have two dogs and am a car enthusiast. Safety in today's work environment is a passion of mine.  



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