Abstract
Safety has traditionally been approached from a normative
basis as a legal or ethical obligation. As a result,
safety has often been regarded as a 'necessary evil' and
a cost to business. Much of the true value of safety thus
often remains unseen and untapped, with safety aspects
separated from the 'real' work of business management.
This separation prevents the full potential of safety
from being exploited. Measuring the true economic value
of safety reverses this trend by enabling safety to be
optimally managed and included as an integral, productive
part of successful business.
| Original language | English |
|---|---|
| Title of host publication | Research highlights in safety and security |
| Place of Publication | Espoo |
| Publisher | VTT Technical Research Centre of Finland |
| Pages | 122-123 |
| ISBN (Electronic) | 978-951-38-8130-6 |
| ISBN (Print) | 978-951-38-8129-0 |
| Publication status | Published - 2013 |
| MoE publication type | Not Eligible |
Publication series
| Series | VTT Research Highlights |
|---|---|
| Number | 10 |
| ISSN | 2242-1173 |
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Cite this
Heikkilä, J., & Reiman, T. (2013). Economic value of safety. In Research highlights in safety and security (pp. 122-123). VTT Technical Research Centre of Finland. VTT Research Highlights, No. 10 http://www.vtt.fi/inf/pdf/researchhighlights/2013/R10.pdf