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Operational risk is the prospect of loss resulting from inadequate or failed procedures, systems or policies....

Operational risk is the prospect of loss resulting from inadequate or failed procedures, systems or policies. Discuss some ways in which a company could mitigate the impact of human error as an operational risk? An employee is hurt on the job due to human error. What are some examples of stewardship an organization can use to reduce work-related mishaps?

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A company needs to employ experienced professionals for various jobs and must provide them enough training. The work done by one employee must be cross checked and it must be made sure that there are no errors . Working as teams would help in reducing errors as the mistakes of any one member can be corrected by the others. By this human errors can be reduced as operational risks. In order to reduce work related mishaps , the company must take proper safety measure like alarms, error detection machines etc., and the employees must be given proper training . Protective gear and uniform must be provided to employee so that they do not get hurt due to human errors. Monitoring needs to be done to ensure maintenance is efficient and no errors are present in the system . Such ethics will help the company to reduce work related mishaps.

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