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The SMS fundamentals presentation introduces the principles of a Safety Management System (SMS) and outlines its components, elements, and core processes. It emphasizes that organizations must assess their safety needs and tailor their SMS accordingly. Key topics include the FAA's involvement in SMS, highlighting both the business and safety cases. The presentation provides a high-level overview of SMS fundamentals, covering primary components such as policy, safety risk management, safety assurance, and safety promotion. Additionally, it discusses SMS guidance tools and implementation practices in the United States, addressing common misconceptions about SMS.