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Regulatory Risks And Regulatory Risk Management Video

Whence Incidents? Why do accidents happen? And how do we stop incidents from occurring—and is that even possible? These are questions that individuals with the responsibility for managing risks across many Regularory the outdoors to petrochemical extraction, aviation to healthcare—ask, as risk managers seek to reduce the probability and severity of loss from incidents.

In the professions of outdoor recreation, outdoor education, experiential adventure and related disciplines, individuals without extensive exposure to risk management theory informed by research in human factors and other scientific areas of inquiry may, when considering outdoor safety, focus on topics such as the contents of the first aid kit, appropriate use of technical outdoor gear, activity leader qualifications, and the presence and content of emergency response plans.

Evaluating the polices, procedures, values and systems contained in the risk domains such as equipment, activities and program areas, participants and staff is an important element of good outdoor risk management. A variety Regulstory models have been put forward to identify some of these risk domains—areas where risks reside—that directly affect probability and severity of incident occurrence. A multitude of models exist; any model is not an exact replica of reality, and every model has its benefits and drawbacks. One of the features, however, of well-developed accident causation and prevention models, Regulatory Risks And Regulatory Risk Management as those described above, is an analysis of not just the directly involved factors in the incident-factors such as faulty equipment or Rlsks technique—but underlying factors that may influence the probability or severity of loss.

Government refers to the presence, absence, quality and enforcement of compulsory regulatory regimes designed to manage risk. Society refers to factors such as social risk tolerance—for instance, the degree of public outcry following a significant safety incident.

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Regukatory Industry refers to effective self-regulation, for example by the presence of high-quality qualifications schemes, internal non-governmental accreditation, standards-setting bodies and consensus standards conformity, and intra-industry information-sharing systems such as research periodicals and conferences. So, ensuring the first aid kit is well-stocked, equipment is well-maintained, and that activity leaders are well trained are good. The Role of Government Regulation. Economists, political scientists and others can point to the demise of governmental functions in settings ranging from the Bronze Age Collapse to modern-day Yemen as extreme examples of the deleterious effect of insufficient organized social leadership structures. An ongoing conversation continues regarding just how much regulation is enough, and the content and subjects of those regulations. A comprehensive discussion of the topic of regulation overall is not the objective here.

But it can be useful for outdoor professionals to consider current thinking and research into how regulation may influence safety outcomes Risj wilderness, adventure, experiential learn more here travel program contexts.

The Perils of Self-Regulation. Tony Carden, whose doctoral dissertation at the Centre looked at regulatory system design and evaluation from a systems approach, has worked in the led outdoor activity sector for over 20 years, and brings a confluence of expertise in regulatory system evaluation and outdoor programming.

Carden also identifies key principles of good practice in regulatory system design, based on research in sociotechnical systems and regulation. This may be anathema to some outdoor adventurers who prize Regulatory Risks And Regulatory Risk Management and freedom from onerous regulations. But what does the research on Revulatory topic have to say?

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Managemment suggests the optimal solution may be a blend of self-regulation, government regulation, and third-party oversight such as through, in our case, an outdoor industry standards-setting body. Gunningham describes the Three Mile Island nuclear reactor partial meltdown incident and the industry response, to create a third-party body, the Institute of Nuclear Power Operations, to establish industry safety standards.

However, lacking the enforcement power of law, the INPO found itself incapable of fully achieving its safety aims, and turned to the government regulator, the Nuclear Regulatory Commission, for support. Similarly, Dr. Finally, Dr. In asking why the Deepwater Horizon incident occurred, Woolfson responds, "The answer tells us much about the ability of corporate capital to configure regulatory regimes in Regulatory Risks And Regulatory Risk Management Riwk interests and to do so in a manner that continues to threaten the safety and well-being of its employees and the wider environment. That said, generalities such as this are just that: generalities, and there may be circumstances where, for instance, self-regulation is effective, such as with large and high-functioning corporations with high reputation sensitivity which have the capacities and motivations to self-regulate. The outdoor industry, however, is not rich in such types of provider institutions.

Self-Regulation and the Outdoor Industry.]