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.
|Title of host publication||Research highlights in safety and security|
|Place of Publication||Espoo|
|Publisher||VTT Technical Research Centre of Finland|
|Publication status||Published - 2013|
|MoE publication type||Not Eligible|
|Series||VTT Research Highlights|
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