0845 6780076
UK Health and Safety Consultants
Health and Safety News
Back to news
According to the Institute of Risk Management, there is a conflict between a small firm's need to take risks to succeed while also planning for the future.
Ian Fraser, marketing manager for the not-for-profit professional education body, stated that when it comes to dealing with crises, "forethought is better".
"Most small businesses concentrate on just doing what it is that they do, they don't like bureaucracy or red tape," said Mr Fraser.
"Although there's no legal requirement for a small business to manage its risks, they should do so.
"There are so many risks to any business: financial, safety, security; have they actually looked at all of them? I doubt it in most cases – because they're just getting on with the job," he continued.
Governed by practising risk professionals, the Institute has recommended that individual firms look at their particular issues in terms of financial risk, supply risk, safety and security, before judging them accordingly and deciding how to respond to them.
Quantum Risk Management are leading health and safety consultants
Getting the risk management balance right
Small businesses tend to do little to manage risks in favour of "just getting on with the job", it has been claimed.According to the Institute of Risk Management, there is a conflict between a small firm's need to take risks to succeed while also planning for the future.
Ian Fraser, marketing manager for the not-for-profit professional education body, stated that when it comes to dealing with crises, "forethought is better".
"Most small businesses concentrate on just doing what it is that they do, they don't like bureaucracy or red tape," said Mr Fraser.
"Although there's no legal requirement for a small business to manage its risks, they should do so.
"There are so many risks to any business: financial, safety, security; have they actually looked at all of them? I doubt it in most cases – because they're just getting on with the job," he continued.
Governed by practising risk professionals, the Institute has recommended that individual firms look at their particular issues in terms of financial risk, supply risk, safety and security, before judging them accordingly and deciding how to respond to them.
Quantum Risk Management are leading health and safety consultants
Posted on 23/11/2007
Back to newsCall now for a free no obligation consultation
0845 6780076
0845 6780076