ABSTRACT
In these days of economic uncertainty, how organisations respond to risk can not only affect how they fare in an evolving and fractious marketplace – but also how they come to be viewed by the public. As a result, many organisations are now putting significant resources into predicting and managing risks before they’ve even occurred.
Coming in myriad forms, risk should be thought of anything that prevents an organisation from meeting its objectives – and recognised as something that can seriously impact its operations, its people and the community in which it’s located.
In this chapter, we’ll explore themes around risk – including risk aversion, reputational risk, risk intelligence, risk analysis and, crucially, risk management – and we’ll get a greater insight into why dealing with risks promptly and effectively is not only the cornerstone of safety work – but also the core of organisational success.
