Risk-Based Thinking: Where to Begin

What is Risk?

Risk can be defined as “the effect of uncertainty on outcomes” (ISO 31000) or, alternatively, as “anything that can prevent an organization from achieving its objectives” (Kendall, 2017). Managing risk means taking responsibility and exploring uncertainty. Successfully addressing risk means making decisions that further an organization’s mission and goals. This framework is fundamental to ensuring effective quality management.

Hazards and threats are sources of risk. Hazards, which are situations with the potential to result in injuries, damage or harm, can be physical, chemical, biological, ergonomic, psychological, political or social. Hazards can become threats if (and when) they are activated. For example, a virus (computer or biological) may be a hazard, but it only becomes a threat if you might be impacted by it. The likelihood and severity of that impact on a particular person, place or thing determines the risk.

What you can do to effectively manage

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How Risk-Based Thinking Can Have a Significant Impact on Brand Equity

By Nicole Radziwill & Sonduren Fanarredha

For an organization to deliver high-quality products and services consistently, it must be able to create and sustain long-term value. An organization’s brand therefore consists not only of its name, but also its logo, its overall image and how it is perceived. “Brand equity” is the additional value a brand acquires because of its reputation or prestige in the marketplace. Brand equity takes time to build and, since it can have an impact on buying decisions over time, it is a significant part of an organization’s brand recognition and value. Losing this equity because of brand damage can also have far-reaching negative consequences.

As powerful as it can be, brand equity is also fragile. There are many forces that can threaten it, including:

  • Industry environments that are more uncertain and competitive.
  • Consumers that are increasingly empowered and have a stronger idea of what they
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EHSQ Community | Safety Management

This month our member Sonal Phualmbrikar shares a post about the Automotive Aftermarket, while members Carsten Busch and Rosa Antonia Carrillo volunteer to host an open discussion about the shift from Traditional to Modern safety management styles in the EHS field.  We invite you to join our Environmental, Health and Safety, and Quality professional community, and share your knowledge with other members.

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EHSQ Community | Traditional to Modern Safety Leadership

This month our members Carsten Busch and Rosa Antonia Carrillo will engage in an open discussion about the shift from Traditional to Modern safety management styles, and challenges EHS Professional face trying to work within both.  We invite you to join our Environmental, Health and Safety, and Quality professional community, and share your knowledge with other members.

  • Old and New Views of Safety Management with Carsten Busch

    and Rosa Antonia Carrillo

  • Mastermind | Addressing Biggest Challenge in Building a Safety Program by member Jake Thiessen
  • Get the Record Straight: Latest on OSHA’s E-Recordkeeping and Anti-Retaliation Rule by member Eric J. Conn

  • Upcoming Educational Webinar: Safety Pre-Inspections: Why They’re Important  – by Jamie Young

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EHSQ Community | OSHA E-Recordkeeping

This month our member Eric J. Conn hosts an open discussion on OSHA’s E-Recordkeeping and Anti-Retaliation Rule. We invite you to join our Environmental, Health and Safety, and Quality professional community, and share your knowledge with other members.

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EHSQ Community | OSHA Recordkeeping Rule

This week our member Eric Conn post on the New OSHA E-Record keeping and Anti-Retaliation Rule. We invite you to join our Environmental, Health and Safety, and Quality professional community, and share your knowledge with other members.

  • OSHA’s Anti-Retaliation Recordkeeping Rule:Assault on Pizza Parties, Drug Tests and Exec Compensation by member Eric Conn

  • Addressing Biggest Challenge in Building a Safety Program with Jake Thiessen

  • End of Globalisation? What now for ISO 45001? member Chris J Ward
  • Understanding WHMIS 2015 – On-Demand Webinar – by Jamie Young

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EHSQ Community | Leading People Safely

This week Brian Fielkow and James T. Schultz discuss leading people safely through the business battlefield of safety. We invite you to join our Environmental, Health and Safety, and Quality professional community, and share your knowledge with other members.

  • Leading People Safely – The Webinar with member Brian Fielkow and James T. Schultz

  • Addressing Biggest Challenge in Building a Safety Program with Jake Thiessen

  • How to Implement an Effective Drug Testing Program in Your Workplace by member Nicky Gomez
  • Hazard Communication Cheat Sheet by Lynn Place

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EHSQ Community | Improve Safety

Happy New Year to everyone! I wanted to step back and take a moment to thank all our members who have helped grow our new EHSQ Professional Community over 2016. We now have just over 13,500 members. There have been many great contributions, online member events and discussions. In this edition we wanted to share a few great online events and resources from the end of 2016, and wish everyone the best for 2017. We invite you to join the discussion and share your knowledge with other members.

 

  • Professional Library collection of EHS reviews, summaries and discussions of professional books by member Carsten Busch

  • “Are we taking safety too personally?” Controlling Major Risks Through Systems Thinking recording with Jim Loud and Ron Gantt

  • Strengthening Worker Attention to Improve Safety and Operational Outcomes Webinar Amanda Wang Valentine
  • Issues Involved in the Gathering of Leading Indicators by Vince Marchesani

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EHSQ Community | Risk Control

We invite you to join our Environmental, Health and Safety, and Quality professional discussions. This week, join our members Chris Ward for a new ISO 45001 Update. We invite you to join the discussion and share your knowledge with other members.

  • New Timeline for Publication of ISO 45001 with member Chris Ward
  • Controlling Major Risks: Moving from Symptoms to Systems with Ron Gantt and Jim Loud

  • Master Training Series ACE, GCI & CITS ISSA Certification-Orlando with David Thompson
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Webinar: How to Manage Inspections and Optimize your Business with Mobile Technology

Learn how to effectively manage inspections, enabling you to mitigate operational risk, proactively manage your safety program and build a true safety culture for your organization.

Add to that, an update on Intelex EverSync, and you will learn how to leverage mobile technology to manage your inspections, complete with notifications, corrective and preventive action and task management capabilities on the go and even work off-line.

This FREE 30-minute webinar, will cover the following topics:

  • Seamlessly managing and scheduling inspections.
  • Integrating all inspection types into a flexible one-stop solution.
  • Leveraging technology to proactively assign responsibilities and notifications.
  • Delivering results, findings and corrective actions quickly and efficiently.
  • Ensuring ISO compliance.
  • Driving overall efficiencies to your inspections with mobile technology.

Watch a preview below or click here to watch the full webinar.

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