A Balanced Approach Of Risk Management - 1793 Words

As a level 3 practitioner it is important to take a balanced approach to risk management so that children are able to learn and develop. Practitioners need to be aware of the risks, however â€Å"if the activity is well planned and organised, with thought given to possible risks, the likelihood of an accident or injury should be minimal† (Tassoni et al, 2010, p144). Practitioners working with children have a duty of care towards the children and must make sure that they are safe at all times. They should plan the play environment and activity which is safe for the child, but there also needs to be a balance between the risks a child is able take. Children should be allowed to take risk they think they are able to achieve with adult support but not too much intervention, If they are not allowed to take risk they will not be able to develop the skills required to deal with risks and make judgement about their own strengths and skills which may affect their development, self-este em and confidence. Avoiding risks and challenges may result in a very timid adult lacking in every day skills and abilities. Children can take risks in all different areas by following the seven areas of development which was introduced by the foundation phase, these areas are as follow:- ï‚ § Personal and Social Development, Well-being and Cultural Diversity ï‚ § Language, Literacy and Communication Skills ï‚ § Mathematical Development ï‚ § Welsh Language Development ï‚ § Knowledge and Understanding of the World ï‚ §Show MoreRelated4. 3 Evaluate Own Practice In Promoting A Balanced Approach To Risk Management717 Words   |  3 Pages 2.3 Explain the actions to take when health, safety and risk procedures and practises are not being complied with. The first thing I would do when noticing that a member of staff is not complying with health and safety procedure is to stop the dangerous practise right away. How I would then act would depend on what the person was doing. I may stop the individual and show them the correct way to complete the task in a safe way, explaining what I am doing and the reason that it is done this way.Read MoreZeus case study Essay1728 Words   |  7 Pagesï » ¿Introduction This report is aim to analyse the benefits of risk-adjusted performance measurements to Zeus Asset Management. Zeus Asset Management is a fund management firm founded in 1968 in Atlanta by Tir Jerry Schneider. It serves both institutional and individual investors and with more than $1.7 million assets under management. The director of research, John Abbot, is considering adopting risk-adjusted approach in performance assessment. Zeus’s competitiveness analysis Zeus’s main competitorsRead MoreVolkswagen Do Brasil: Driving Strategy with the Balanced Scorecard1571 Words   |  7 PagesDeidra Zablocki MGMT 561-01 FA2012 T/R Cohort â€Å"Volkswagen do Brasil: Driving Strategy with the Balanced Scorecard† I. Key Problem Volkswagen entered the Brazilian auto manufacturing market in 1953 and by 1969 held a 61% share. Through some tough economic times in the late ‘80s and early ‘90s, the overall auto market in Brazil declined 20%. In 1991, Volkswagen, Ford, General Motors and Fiat dominated the Brazilian market with a combined 97% share. However, by 2008, other companies fromRead MoreFrieda’s Fizz Balanced Scorecard Analysis1153 Words   |  5 Pages Frieda’s Fizz Balanced Scorecard Analysis Brenau University Abstract A balanced scorecard is a tool to provide management a way to bridge the gap between the organization’s strategy and vision and the operational processes used to do business. It enables the company to look at more than just the financial targets, but to include nonfinancial measures such as customer service, internal business processes and more. These intangible measures provide better focus on the organization’s long-termRead MoreZeus Asset Management1741 Words   |  7 Pagesthe belief that superior investment results can be achieved over many years by following a conservative, risk-averse, quality-oriented approach to investment management. In other words, the firm uses active approach to investment management, which means the primary job of portfolio managers is to deliver the best possible performance relative to the benchmark’s performance working within the risk and other constraints specified in the client’s mandate. In detail, the equity fund aims to seek long-termRead MoreWeek 81499 Words   |  6 Pagesthe four major types of strategic control? What are the pros and cons of each? 2. The balanced scoreboard approach has gained popularity in recent years. What is this approach and how does it integrate strategic and operational control? 3. Total quality management involves a continuous improvement approach. How is continuous improvement related to innovation? What is breakthrough innovation? What are the risks and rewards associated with innovation? 4. What is an entrepreneur? How is the entrepreneurRead MoreWeek 81530 Words   |  7 Pagesthe four major types of strategic control? What are the pros and cons of each? 2. The balanced scoreboard approach has gained popularity in recent years. What is this approach and how does it integrate strategic and operational control? 3. Total quality management involves a continuous improvement approach. How is continuous improvement related to innovation? What is breakthrough innovation? What are the risks and rewards associated with innovation? 4. What is an entrepreneur? How is the entrepreneurRead MoreBalanced Scorecard And Malcolm Baldrige Performance Excellence Program826 Words   |  4 PagesBalanced Scorecard and Malcolm Baldrige Performance Excellence Program Comparison Merriam Webster defines quality as a degree of excellence, or a distinguishing attribute. Managers strive for excellence in the workplace to improve customer satisfaction, increase the output in manufacturing while minimizing defects, as well as making the company more profitable. There are several different management systems or methodologies available for businesses to use, but the Balanced Scorecard and the MalcolmRead MoreStrategic Measurement Of The Balanced Scorecard905 Words   |  4 PagesThe balanced scorecard is a strategic measurement strategy used in business and government as a measurement tool. The balanced scorecard should reflect businesses plans and strategic goals. The balance scorecard â€Å"was originated by Drs. Robert Kaplan (Harvard Business School) and David Norton (n.n October 8th, 2015). Balanced scorecard is used by managers not only to measure performance but to align their goals and execute the visions and missions of any agency. The balanced score card includeRead MoreWhat Is Quality As A Degree Of Excellence?841 Words   |  4 Pagesdifferent management systems or methodologies available for businesses to use, but the Balanced Scorecard and the Malcolm Baldrige Performance Excellence Program are the most common and widely used in the United States. The Balanced Scorecard Institute reports that in the 1950’s General Electric was the first to use the Balanced Scorecard approach, but it was not until the 1990’s when Dr. Robert Kaplan, a Harvard Business School professor, and Dr. David Norton officially titled it the Balanced Scorecard