Managing Risk

Managing Risk

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Managing risk can be describe as the task and practices of organisation in order to
successfully manage various risk that could lead to have negative impact on business practices
(Rugg-Gunn, 2020). It is essential that organisation is successfully and correctly managing risk
activities as it will lead to have major affect over business as well as assist in successfully
functioning of business. There are different types of risk that should be correctly managed by
organisation as it will lead to assist in attaining business goals and objectives. Human errors lead
to major risk at workplace and it will negatively affect functioning of business. It is crucial that
to develop effective and efficient culture of business that will assist in successfully managing
risk. This report includes various kinds of human fallibility to risk situation at organisation. it
includes knowledge about the concept of just cultures in order to build openness and
accountability workplace culture.
MAIN BODY
Evaluate the applicability of human fallibility to a situation of risk in the workplace and apply
knowledge of a “just” culture to building a workplace culture of openness and accountability.
It is essential that organisation have proper understanding about the human errors as well
as its detection or recovery approaches in order to correctly managing risk practices with in
organisations. Human errors can be describe as the disappointments that are regularly perceived
similar to a supporter of occurrences and misshape as well as accordingly this part has solid
connects to the segment on mishap examination. Despite the fact that the commitments to
occurrences are generally acknowledged, not many locales will proactively search out potential
human execution issues. A human error includes all those issues and problems that are created
due to human or employees. This is very common issues that could lead to have major affect
over business as well as influence over functioning of organisation (Love and Matthews, 2020).
It is essential to detection of human errors so that company can take correct step in order to
recover these issues. Detection of errors or mistake conducted by human will assist in smooth
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