Friday, February 14, 2020

Fire risk assessment Essay Example | Topics and Well Written Essays - 5000 words

Fire risk assessment - Essay Example Fires can be avoided, or minimized, through careful risk management. Risk management involves listing down the risks involved in the premises and dealing with these risks. Human error – and fire – can be dealt with effectively with careful planning and an equal amount of study on the possible causes of fire. This paper is a risk management report on a furniture factory which manufactures dining room furniture and directly sells them to the public. Covered in this report are the application of methods of fire risk assessment and the necessary laws and regulations regarding safety in the workplace. We are concerned of the safety of people occupying buildings and premises. Qualitative and quantitative researches on fire safety are included in the discussion. The report will cover several aspects on fire prevention such as the materials used in furnishings and structures and their susceptibility to different types of fires, disposal and handling of dangerous substances that can cause fire in the premises, and many other aspects of fire safety. It is important to note that fire safety is a broad concept that carries many subtopics which are interrelated but relevant to this report. Fire safety is everyone’s concern but puts a lot of pressure and responsibility on the part of the owner and employer of business. The key legal requirements we would like to discuss in addition to risk management issues are the Regulatory Reform (Fire Safety) Order 2005, the Dangerous Substances and Explosive Atmospheres Regulations 2002 (DSEAR) and the Explosives Atmosphere Directives 99/92 EC (ATEX 137), which are closely related to our case study of a furniture factory. The Regulatory Reform (Fire Safety) Order 2005 encompasses fire safety methods and prevention which are applicable only for England and Wales. This law covers many aspects of fire prevention and places a lot of responsibility on the shoulder of the employers and owners of business. It is also an ex tension of the first law, the 1997 Fire Precautions (Workplace) Regulations, which was not fully followed to the letter by employers and owners of business. (Grice, 2009, p. 23) Under the 2005 Order, the owner or employer acts as the ‘responsible person’ who is entrusted to prevent the risks of fire in his/her business premises, the area of responsibility, and must do everything in his/her power to conduct the necessary risk assessment. The provisions of the 2005 Order are clear about the different circumstances when the fire can occur. Risks of fire can be minimized by following the law. The responsible person must ensure that structures are constructed and maintained within guidelines prescribed by law. Fire prevention is safety itself, and this may correlate or link with the use of the right materials prescribed by the 2005 Order to ensure the safety of the persons in the premises. RISK MANAGEMENT PERSPECTIVES â€Å"Risk management starts and ends with quality.† (Kent, 2004, p. 31) Risk management means early identification of the threat of risks in the premises and finding out the proper solution to the identified risks. This is known as risk management process. It is one of the most important tasks for any company, business, or organization. Without the implementation of an effective risk management plan, the chances of failure of business are increased. Risk management planning is not only important for the success and stability of the business operation but also is

Sunday, February 2, 2020

Writing to Show Cause and Effect (Causes of business growth and Research Paper

Writing to Show Cause and Effect (Causes of business growth and failure, marketing, business trends) - Research Paper Example However, due to some of the limitations and depending on one’s preparedness the chances of prosperity are determined. Business growth is impacted and withheld by a number of factors. From this perspective, this paper will discuss causes of business growth and failure, marketing, business trends. Some of the factors in the market favor prosperity of business ideas. Anyone getting into business should be ready to face the risks involved. Before the implementation of a business idea to a real thing, one needs to be aware of some factors like availability of market, availability of capital and the competitors. The owner of the business idea should weigh between different options and settle for the best and legal option. They have to consider the niche in the market that they are going to fill and the likelihood of the idea developing to a big reality. Study experts say that, one does not engage into any business activity before they get prepared for the risks and challenges in the market. They should equip them selves with proper management skills, good customer relations, and perseverance to tolerate the challenges in the market. Therefore, this enhances the business to stabilize with changing times (Gitman, Lawrence, and McDaniel 348). Failure of business ideas, triggered by failure of proper market evaluation and which triggers poor marketing of commodities and this makes a business loose its customers to the competitors. Customers should be the main thing that any business should aim at satisfying; profits come second to the satisfaction of customers (Blythe, Jim, and Zimmerman 386). Some of the businesses focused with short-term goals of attaining profits instead of first creating the basis on the market for where to market their goods end up not securing their positions in the market and hence their closure. Research in the market revealed that, some of the inaccuracy failures are avoidable if they had focus on the real factors that are challenging in the market. By focusing on long-term goals, it will prioritize the consumer needs, enabling their establishment. The business owners should handle any incompetence in the market by themselves. By consulting from survey respondents, they may end up getting the wrong picture of the market strategy. Studies reveal that, some of the surveyors only aim at impressing the business owners rather than giving them the real picture of the situation. The business owners should therefore, aim at running their enterprises carefully. They should not base their performance on research results. Otherwise, they should blame the government and other financial institutions for their failure (Hutt, Michael, and Speh 110). As businesses grow, the owners should now turn their plans on how to maximize their profits by trying to achieve economies of scale and how best one can achieve it. By this level, the business owners have usually established the products that are on demand and should therefore, set a p rice that is affordable to the buyer and is favorable to the seller (Czinkota et al 87). On addition, for one ensure they satisfy the changing demands of customers in an effective way, they should be flexible and be ready to face conflicting interests and also other risks in the business. They should be ready to listen to customer opinions, adjust, and avoid repetition of same mistakes. Research showed that, most of the entrepreneurs who prosper are those listen to advice, complains from their consumers, and therefore, adjust for their durability in the market, and attain their long-term aim of earning profits (Gitman, Lawrence, and McDaniel 348). Business owners should also exercise proper accounting of their finances. The finances are crucial, close