Economic value of safety

Jouko Heikkilä, Teemu Reiman

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

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 languageEnglish
Title of host publicationResearch highlights in safety and security
Place of PublicationEspoo
PublisherVTT Technical Research Centre of Finland
Pages122-123
ISBN (Electronic)978-951-38-8130-6
ISBN (Print)978-951-38-8129-0
Publication statusPublished - 2013
MoE publication typeNot Eligible

Publication series

SeriesVTT Research Highlights
Number10
ISSN2242-1173

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Economics
Industry
Costs

Cite this

Heikkilä, J., & Reiman, T. (2013). Economic value of safety. In Research highlights in safety and security (pp. 122-123). Espoo: VTT Technical Research Centre of Finland. VTT Research Highlights, No. 10
Heikkilä, Jouko ; Reiman, Teemu. / Economic value of safety. Research highlights in safety and security. Espoo : VTT Technical Research Centre of Finland, 2013. pp. 122-123 (VTT Research Highlights; No. 10).
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Heikkilä, J & Reiman, T 2013, Economic value of safety. in Research highlights in safety and security. VTT Technical Research Centre of Finland, Espoo, VTT Research Highlights, no. 10, pp. 122-123.

Economic value of safety. / Heikkilä, Jouko; Reiman, Teemu.

Research highlights in safety and security. Espoo : VTT Technical Research Centre of Finland, 2013. p. 122-123 (VTT Research Highlights; No. 10).

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

TY - CHAP

T1 - Economic value of safety

AU - Heikkilä, Jouko

AU - Reiman, Teemu

PY - 2013

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N2 - 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.

AB - 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.

M3 - Chapter or book article

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BT - Research highlights in safety and security

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CY - Espoo

ER -

Heikkilä J, Reiman T. Economic value of safety. In Research highlights in safety and security. Espoo: VTT Technical Research Centre of Finland. 2013. p. 122-123. (VTT Research Highlights; No. 10).