Safety vs. Risk Management: Finding the Right Balance in High-Risk Industries (Part 3 of 5)
The influence of the board of directors is crucial in determining whether safety should be prioritised independently or within a broader risk management framework.
When boards emphasise safety as a standalone priority, they send a clear message that the well-being of employees and passengers is paramount.
This focus can result in a highly engaged workforce, reduced accident rates, and an enhanced company reputation.
In aviation, for example, this translates to rigorous safety protocols and continuous training for pilots and crew, aiming to minimise human error and maintain high safety standards.
However, when safety is prioritised within a risk management framework, boards can ensure that all risks, including safety, are considered in conjunction.
This holistic approach can lead to better anticipation of potential issues, integrated solutions, and strategic foresight.
In the aviation industry, this means preparing for a range of scenarios beyond just safety hazards, including cybersecurity threats and operational disruptions.
In Part 4, we will be discussing how organisational culture is shaped by the approach to safety and risk management.
What are your thought and views? Comments below please…….
Safety vs. Risk Management: Finding the Right Balance in High-Risk Industries (Part 3 of 5)
The influence of the board of directors is crucial in determining whether safety should be prioritised independently or within a broader risk management framework.
When boards emphasise safety as a standalone priority, they send a clear message that the well-being of employees and passengers is paramount.
This focus can result in a highly engaged workforce, reduced accident rates, and an enhanced company reputation.
In aviation, for example, this translates to rigorous safety protocols and continuous training for pilots and crew, aiming to minimise human error and maintain high safety standards.
However, when safety is prioritised within a risk management framework, boards can ensure that all risks, including safety, are considered in conjunction.
This holistic approach can lead to better anticipation of potential issues, integrated solutions, and strategic foresight.
In the aviation industry, this means preparing for a range of scenarios beyond just safety hazards, including cybersecurity threats and operational disruptions.
In Part 4, we will be discussing how organisational culture is shaped by the approach to safety and risk management.
What are your thought and views? Comments below please…….
Richard Nanton FRAeS FIoL
Nanton Aviation Consulting (NAC) Ltd.
Nanton Aviation Consulting (NAC) Ltd.
In collaboration with and strategic partner of The Sixsess Consultancy
Barry Eustance CMgr MCMI
https://sixsess.org/
Tel:023 8212 1891 (UK)
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