Building on basic inherent risk concepts, the paper rethinks the fundamental elements that traditionally are part of a safety management system. This reflection leads to a generic safety management system model that makes a clear distinction between: a) Operational processes that create, produce and deliver the products and services that customers want, including the direct response to operational threat. b) Four management processes that together define how to accomplish tasks, how to evaluate and how to adapt them to an ever changing environment. c) Four support processes that, by underpinning both operational and management processes, are indispensable to run the business.