Scribd
Upload
19 views3 pages

Introduction Mid Valley 2

Uploaded by

muizzey aufa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
19 views3 pages

Introduction Mid Valley 2

Uploaded by

muizzey aufa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

0.

1 Introduction to the background Mid Valley Mega Mall

The mid Valley megamall opened in 1999 is located in the south of Kuala Lumpur, the
capital of malaysia. It is three times the size of the city‘s best-known shopping centre, the
Suria under the Petronas Towers.
On 6 floors and covering an area of more than 420,000 m², the megamall houses more
than 630 shops and service outlets, catering establishments, entertainment areas and
several large supermarkets such as Jusco and Carrefour. In addition the complex
comprises a congress and convention centre on an area of 4,500 m², 4 hotels with more
than 1600 rooms, a cinema with a total of 18 theatres, an office tower with 30 business offices,
a Hindu temple and a church.
0.2 The Importance of Risk Management in the Workplace

1. Ensuring Employee Safety and Health

The primary objective of risk management is to create a safe and healthy workplace. By
identifying potential hazards and implementing safety measures, organizations can
prevent accidents, injuries, and illnesses. This not only protects employees but also
improves morale, as workers feel valued and secure in their roles.

2. Compliance with Laws and Regulations

Workplace risk management ensures adherence to legal requirements and industry


standards. Occupational safety and health regulations mandate specific measures to
safeguard employees. By complying with these laws, businesses avoid penalties,
lawsuits, and reputational damage.

3. Reducing Financial Losses

Effective risk management minimizes costs associated with workplace incidents, such as
medical expenses, equipment damage, and legal claims. Furthermore, it reduces
downtime caused by accidents, ensuring the continuity of business operations and
maintaining profitability.

4. Protecting Business Assets

Risks in the workplace extend beyond employee safety. Risk management safeguards
physical assets like machinery and infrastructure, as well as intangible assets like brand
reputation. By addressing risks proactively, companies can protect these critical
resources.

5. Enhancing Productivity

A well-managed workplace with minimal risks fosters productivity. Employees can focus
on their tasks without fear of accidents or disruptions. Moreover, reduced downtime and a
streamlined work environment contribute to overall efficiency.
6. Building a Positive Work Culture

Implementing risk management practices demonstrates an organization's commitment to


employee well-being. This builds trust between management and staff, fostering a
positive and supportive work culture. Employees are more likely to remain loyal to
companies that prioritize their safety.

7. Supporting Sustainability Goals

Risk management is also essential for environmental and social sustainability. By


identifying and mitigating environmental risks, businesses contribute to long-term
ecological balance. This aligns with corporate social responsibility (CSR) objectives and
enhances the organization's public image.

Conclusion

In conclusion, risk management is indispensable in creating a safe and sustainable


workplace. It ensures the safety and well-being of employees, protects business
operations, and supports long-term organizational success. Companies that prioritize risk
management not only fulfill legal and ethical responsibilities but also build a foundation
for a productive and resilient future.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy