Lord Sugar, says "Business is a risk". True! All businesses are exposed to risks each and every day. He also went on to say that he only takes "risks in things I understand" (http://www.startups.co.uk/lord-alan-sugar-i-only-take-risks-in-things-i-understand.html).
Each of us must take account of the potential threats whether they be financial, legislative, personnel, health and safety, environmental, etc. Understanding risk is therefore critical to your business. If you can anticipate, asess and either reduce or remove a risk, then your business can be more secure.
How can Guardian help you and your organisation? From inspection, audit, analysis, training, policy development, ground floor or strategic support we can put together a support package to manage your risks and promote good corporate governance. Contact us to discuss your unique needs.
What is a hazard?
Hazards are simply something - a scenario, issue, etc. - that has the potential to do harm. There is no measure of the likelihood of the harm, merely that it exists.
What is a risk?
Risk takes hazards and considers (a) the likelihood that they will occur and (b) the implications from them occuring. Taking account of both factors allows us to aid our clients in deciding what level of risk they want to accept.
In many ways we are now risk averse, wishing to avoid any perceived risk. As can be seen below, proper risk assessment should allow for an educated decisions to be taken in a range of critical areas of business and personal life. Guardian's breadth of experience helps our client's decision making by combining, comparing and contrasting methodologies and using technical knowledge to expand and explain e.g. governance arrangements for business decision making, environmental management, health and safety, etc.
The process: risk assessment and management
Risk assessment and management is the process whereby you identify - assess - evaluate - manage - measure and then assess again. This approach can be applied across a number of business and legal areas of governance.
Guardian adapts their risk assessment experience, bringing together processes from contaminated land (conceptual models), health and safety (5 Steps to Risk Assessment), food manufacture (HACCP), civil contingency (integrated emergency management), etc. to provide our clients with a responsive and adaptable service to best suit their needs.
Some UK Law requires businesses to undertake a risk assessment. Most commonly thought of is occupational health and safety law including Control of Substances Hazardous to Health, Management of Health and Safety at Work, etc. By law, these should only be undertaken by a