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Competitive Advantage

Every successful senior executive wants to reduce costs and improve productivity and profitability. Although meeting production schedules is traditionally seen as the highest priority, a business case can be made for seeing effective safety performance as an equally viable means of improving the bottom line. The cost of poor safety performance negatively impacts the bottom line for organizations. It can be shown how good safety management practices help senior executives achieve a competitive advantage and obtain lower operational costs, increased efficiency, potential workers’ compensation premium rebates and improved shareholder confidence.