The Ogden Effect
- Published in News
Insurance Companies are about to get really interested in how well you manage Health and Safety!
Insurance Companies are about to get really interested in how well you manage Health and Safety!
British Cycling's world dominating performance at the Rio Olympics brought the concept of "Marginal Gain" to life in spectacular fashion and this was a performance that has been building since 2008. So as a new year begins and we look at objectives for the year ahead, could the same "Marginal Gains" strategy be used to improve Risk?
The friction between achieving sales results and maintaining a safe working environment is experienced by many businesses - on one hand income generation by delivering product/service, on the other something that potentially gets in the way and incurs cost....and some might say business obstruction.
The Business Continuity Process is often likened to "Eating an Elephant" (please note Business Metaphor not condoing actually eating an elephant or the ivory trade), so we have added some new features to our Business Continuity Management System to help make it easier.
These are the findings of the Chartered Management Institute’s 2013 annual survey of its members on Business Continuity. On the face of it, it’s a surprising statement given how challenging businesses can find this process. Even just knowing where to begin leaves many deciding it’s too big a subject to tackle.
It is not part of the human psyche to want to explore the nastier things in life. We are by type optimistic, willing to turn a blind eye. Not unsurprisingly however, this makes Continuity Planning a harder task to tackle.
Drama - Crisis
Insurance is one mechanism to TRANSFER the risk you aren't comfortable to RETAIN as a business or can't MANAGE to an acceptable level.
Health & Safety has an unfortunate, but often justifiable reputation as a business inhibitor. The Press love a good "Health and Safety prevents..." story but the reality in business is that the process and the means to deliver and manange it, can be unwieldly, particularly when using conventional Office tools.
One of the biggest challenges of continuity planning is where to begin. And for many businesses this will mean dusting down the risk register. This is of course is an entirely logical approach, but potentially a red herring too. So why is this? Surely business continuity and a risk register are inextricably linked? They are, but both give a different perspective.