The Hammers currently sit rock bottom of the Premier League five points adrift of safety having won just once in 13 matches, with their latest disappointment coming in a goalless stalemate against promoted Blackpool at Upton Park on Saturday.
However Brady insists Israeli Grant, who replaced Gianfranco Zola in the hot-seat in the summer, is safe in his role for the time being.
"I think it's very easy for people who run football clubs to sit back and that finger of blame comes out and ultimately always ends up on the manager," Brady told Sky Sports News.
"We don't want to hit the panic button yet but we do want to look deep into ourselves and say 'what can we do to help the team and the manager and what can we do to improve things?' as opposed to sitting and playing the blame game, which unfortunately, there are no winners in.
"We think it will take time to get all the things right. We are playing good football but unfortunately we're not getting the results that we all think we deserve."
She added: "I can assure you there's no finger on the button, no target and no 'you must (do this)'.
"It's not something we would be rushed into, not by any pressure. We have a history of 'backing our man', so to speak and we want to have the opportunity to do that this time.
"Avram remains hugely positive about what he's doing, the team are hugely positive. We need to give them a sense of space and time to pick themselves up from the bottom."
Brady says the club's board are ready to spend funds in the January transfer window as they look to bolster the squad.
"There's not an infinite amount of money, there's some money," she added.
"We've spent a lot of money already, we spent £16million in the summer.
"If we have to go again we will. We're already identifying targets and we know what needs to be done in our heart of hearts to help the team to improve and climb out of the bottom of the table."
Despite Grant's less than inspiring start to life at Upton Park, Brady insists the club have no regrets over the dismissal of former boss Zola.
"Gianfranco was one of the nicest people I've ever met and I did enjoy working with him," she said.
"But I think it's true to say that we weren't right for him and he wasn't right for us. I don't think there have been any regrets, not on his part and not on ours.
"Now we have to focus on the manager we have got and what can we do to help him and the team to climb off the bottom of the table."
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