by Cecelia Kendall

Created on: April 15, 2010   Last Updated: April 17, 2010

INTRODUCTION

Every defect is a treasure, if the company can uncover its cause and work to prevent it across the corporation.”[Kilchiro Toyoda. Founder of Toyota].

This research seeks to prove that by adopting suitable risk management strategies as an employer there can be a great measure of sustainability within my company resulting in continuous growth. I believe that risk management is an industrial safety measure that can be used to control waste and maximize profits. However, it can be most effective when a ‘root cause analysis’ is utilized to accurately identify risks along side its factors within the organization.

It is expected that as a twentieth century employer I am relevant to my era as changes in industrial relations, policies; programs/ agendas; politics and even the weather affect our lives in the industries we sustain as corporate America. The Health Care industry has not been singled out to have been evolutionary in this process but it is certainly one of the most affected by it.  This time which is often termed an ‘acute recession period’ where companies are virtually cutting costs, redeploying resources and even closing the doors, an employer must be most risk conscious than ever.

Root cause analysis cannot be over defined nor emphasized as being central to risk factors identification. It is as important as making a diagnosis based on mere symptoms rather than assessing the signs and conducting screening investigations involving laboratory tests; X-rays and other diagnostic examinations. What if my six-month old baby cries and I place a pacifier in the month, expecting to address crying problem? I did intervene, but did that define the problem and create a solution. No! It did not because I used the pacifier as a risk factor intervention but I did not acquire the root cause which would have entailed a thorough examination of the infant to see whether the pampers needed changing; there was any termite molestation; there was pain in any part of the body or whether it was due to hunger. All these variables have to be taken into consideration when I am going to make a judgment as to how and with what I will make the intervention based on the risk that I embrace in that moment.

With these views being perpetuated it is vitally important that employers have a clear understanding as to how the mechanism of risk management works in identifying problems in the world of work and institutions as a well as how the process

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