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 | 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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First FSMA rules in effect July 3. Are you ready?

Earlier this week the U.S. Food and Drug Administration (FDA) announced the first set of rules under the landmark Food Safety Modernization Act (FSMA), legislation signed earlier this year which gives the FDA sweeping powers to prevent food safety disasters.

The two new rules, which take effect July 3, are pretty logical preventive measures that, in all fairness, probably should have been implemented a long time ago. The new rules are as follows:

  • Order on Administration Detention of Food: The first new rule gives the FDA the authority to hold food products that may be contaminated or mislabeled. Before now, the administration only had the right to detain food when it had sufficient evidence it was mislabeled or contaminated, thereby presenting a threat to humans or animals. Now if the FDA even suspects contamination or mislabeling, it can detain the product.
  • Rule on Imported Food:  Organizations importing food now have
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