Operational excellence risk management

While there are many factors supporting the business case for sustainability at 3M, the main drivers for sustainability are operational excellence, organic growth, and risk management. Each of them is linked to corporate business initiatives. 

Talvivaara has continued to develop its operations in line with its sustainable development policy which emphasizes continuous improvement and operational excellence. With respect to safety issues Talvivaara s goal is a safe and healthy working environment. The company has continued to develop its safety culture based on zero accident philosophy. The company is also committed to continuous improvement in environmental efficiency, operational risk management and reduction of environmental impact. 

Grazyna Wieteska is Assistant Professor of Business Administration at the University of Lodz. She has several years business experience in the area of B2B relationship management and risk management. Since 2007 she has been employed at the Unit of Operational Processes Excellence at her home university. She lectures on supply chain risk management, business continuity management and logistics audits at a variety of business schools in Poland and abroad. 

Organizations fully engaged in the Operational Excellence journey tend to be extremely well run operations and have established management systems with effective processes, programs, procedures, and internal standards to address issues that pose such risks as presented above. Through the application of risk management principles and sound operational discipline practices, they are often able to avoid many such pitfalls. 

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