Why does your Organisation size affect risk management?

We are all familiar with Organisation size and when it comes to risk management, Size Does Matter.

But why?

Reference:

This content is extracted from my book "Risk Management Simplified: A Definitive Guide for Workplace and Process Risk Management".

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What we know…

Typically, Organisation size relates to being Small, Medium or Large, especially in conversational terms.

Small and Medium-sized Enterprises (SMEs) are defined in the EU recommendation 2003/361 and this also includes an additional category known as “Micro”.

What’s the criteria?

The table below provides an overview (using Euro’s as the monetary value):

Key factors to take into consideration

The 2 key factors that define the size of an Organisation (or enterprise) are:

Number of employees (or staff headcount); and
Organisation’s finances (I.e., Turnover or Balance Sheet Total).

Using the above figures, the size of the Organisation can be defined. This is a useful baseline for comparative analysis with other similar Organisations

Why is it important?

Typically, the larger the Organisation, the larger the risk portfolio and the potential impact of risks.

If we know the size, we are in a better position for managing resources, training and awareness requirements (i.e., if you are a micro organisation, it is a good practice to focus valuable and limited resources on realistic risk management plans).

This doesn’t of course mean that large Organisations can flit away their resources. It just means they are more resilient and have greater resources at their disposal.

Understanding and knowing your Organisation Size will help towards developing meaningful Corporate Safety and Risk Strategies and Key Performance Indicators.

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Spotlight: FAQ, Upcoming Events, Plans etc...

Every now and then, I want to take some time out and answer some questions asked by our viewers.

This is also an opportune moment for me to share with you details on upcoming events and also other interesting news, developments etc.

I hope that you can join me and also share with me any specific thoughts that you might have to help us shape future events.

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Resilient Safety Culture (RSC)

Cultural approach to safety is now being recognised since focusing on safety management systems alone does not give results due to limitations.

Safety culture is a social characteristics not individual, but culture is a matter of individual attitudes, which can be cultivated.

Resilience is considered as those features that enable an organisation to cope with, adapt to and recover from a disaster event.

Resilient Safety Culture (RSC) concept has emerged from a systemic view of safety and risk management in complex systems. RSC is an emerging field and information is still relatively new.

In this show, on Resilient Safety Culture (RSC) for complex organisations, we explore with Arun the following:

1. What is resilient safety culture model?
2. How can we quantify?
3. What is the resilience index?
4. How does the resilience index helps organisations?

✅ RedRisks Website: https://www.redrisks.com/
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In Conversation with Clive Johnson (IIRSM President)

Clive was elected as IIRSM President in December 2019. Prior to this he served as Deputy President for two years.

Clive is an expert in improving the Health, Safety, Security and Well being culture of any business and advising on how to create the right environments for people to thrive.

His passion, personality, skills, knowledge, attitude, training and experience well places him to assist any business in their quest to manage and mitigate business risk.

In this show I discuss with Clive Johnson, President of IIRSM, his plans and vision for IIRSM.

Join us.....

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Corporate HSE Strategy "Playbook" with Shawn Galloway

Back in July 2019, I posted an article on the RedRisks Website titled "How to Develop a Successful Safety Strategy for your Organisation". In that article I shared my thoughts and views based on experiences.

In this interview with Shawn it will be great to get his thoughts but more specifically on "What is (or are) the missing pieces" and what should be in the playbook.

According to Accenture, a playbook includes “process workflows, standard operating procedures, and cultural values that shape a consistent response—the play.

A playbook reflects a plan; an approach or strategy defining predetermined responses worked out ahead of time.”

More Info:
✅ About Us: https://www.redrisks.com
✅ Future Events: https://www.redrisks.com/redrisks_live/
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Why does your Organisation size affect risk management?

We are all familiar with Organisation size and when it comes to risk management, Size Does Matter.

Reference:

What we know…

What’s the criteria?

Key factors to take into consideration

Why is it important?

Weekly News

Latest YouTube Upload

Opinion Survey

Next YouTube Release

Events: Feedback Survey

Latest Podcast

Upcoming Live Events

Spotlight: FAQ, Upcoming Events, Plans etc...

Resilient Safety Culture (RSC)

In Conversation with Clive Johnson (IIRSM President)

Corporate HSE Strategy "Playbook" with Shawn Galloway

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