Gary Cohn, famed philanthropist, and business leader, says, “If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business.” Avoiding risk entirely is almost impossible, but choosing not to prioritize and plan for potential risk areas will allow those risk areas to grow and accidents to happen. Your business is in danger, even in small ways, every day, and risk management can help you keep it, your employees, and your customers safe. There are many different strategies for improving your risk management process.
Walk the floor
Many organizational leaders need help with high-level planning. Thinking about your company’s long-term goals is important, but if it prevents you from “walking the floor” of your organization you will not be able to engage in risk management. Anyone thinking about organizational risk must be on the ground in their company, talking with employees and physically looking at different areas of potential hazards.
Create a plan
Every organization successfully implementing risk management starts with a plan. A risk management plan allows you to build out potential risk areas and identify how you will prioritize and improve or eliminate risks.
Designate a team
Risk management is an active process and should involve many different organization members at all levels. Everyone has a unique perspective on risk in their own operations and in terms of resolving risk areas. Collaborating with a team of people is important to ensure you have the most comprehensive view of potential occupational risks.
Work with professionals
Occupational health and safety professionals play a critical role in ensuring workplace safety and helping with risk management. From keeping operations compliant with safety guidelines to emergency training and safety assessments, these trained professionals can identify and find solutions for potential workplace safety issues. They can come into your organization and implement positive changes in an effective way. Working with qualified and experienced professionals can help increase your risk management success.
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