Goodwill

After the Gulf spill of 2010, we realized how valuable an organization’s goodwill can be. Goodwill is not a figment of our imaginations or some useless feature that our organizations possess. It is one of your organization’s most valuable assets and it should be listed on your balance sheet.

Earning goodwill is extremely difficult and requires patience and time. However, losing goodwill can happen overnight, if your organization is not careful. Poor practices and safety concerns can put your goodwill in serious jeopardy.

Bryan Salerno, director of the Bureau of Safety and Environmental Enforcement, recently spoke at the inaugural event for the Ocean Energy Safety Institute. He said that some firms need to go “back to fundamental engineering.” He also remarked about how regulators are increasing their focus on risk-based approaches in order to prevent future disasters.

To help facilitate a risk-based approach and ensure that your organization maintains and increases its goodwill, it is important that you have a system in place. To see how Accupoint’s solutions can help mitigate risk and protect of your firm’s goodwill visit accupointsoftware.com or call (800) 563-6250.