Risk Management and loss prevention treasures for Marina Operators

Risk management is about identifying potential events which might threaten the assets or earning capacity of an enterprise. It is about analyzing their severity, and controlling them. For many marina operators, the management of risk is seen only as a necessary evil, something that has to be done, a cost to the more productive elements…

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Risk management is about identifying potential events which might threaten the assets or earning capacity of an enterprise. It is about analyzing their severity, and controlling them. For many marina operators, the management of risk is seen only as a necessary evil, something that has to be done, a cost to the more productive elements of the organization. But the truth is that risk management cannot be divorced from the company or organization as a whole. It should be an integral part of the organization. It can only justify itself if it assists the marina operator in achieving his objectives, including satisfying its shareholders or other funding bodies that they will see a reasonable return on their funds. An unexpected event could prevent even the most efficient manager from achieving his aims. Inevitably, there is a cost involved in using risk management to help a business achieve its objectives, but the prudent manager will set this cost against the greater security afforded to his business.

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