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Author: Michael Power
Publisher: OUP Oxford
ISBN: 0191531146
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
Since the mid-1990s risk management has undergone a dramatic expansion in its reach and significance, being transformed from an aspect of management control to become a benchmark of good governance for banks, hospitals, schools, charities and many other organizations. Numerous standards for risk management practice have been produced by a variety of transnational organizations. While these many designs and blueprints are accompanied by ideals of enterprise, value production, and good governance, it is argued that the rise of risk management has also coincided with an intensification of auditing and control processes. The legalization and bureacratization of organizational life has increased because risk management has created new demands for proof and evidence of action. In turn, these demands have generated new risks to reputation. In short, this important book traces the rise of the managerial concept of risk and the different logics and values which underpin it, showing that it has much less to do with real dangers and opportunities than might be thought, and more to do with organizational accountability and legitimacy.
Author: Michael Power
Publisher: OUP Oxford
ISBN: 0191531146
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
Since the mid-1990s risk management has undergone a dramatic expansion in its reach and significance, being transformed from an aspect of management control to become a benchmark of good governance for banks, hospitals, schools, charities and many other organizations. Numerous standards for risk management practice have been produced by a variety of transnational organizations. While these many designs and blueprints are accompanied by ideals of enterprise, value production, and good governance, it is argued that the rise of risk management has also coincided with an intensification of auditing and control processes. The legalization and bureacratization of organizational life has increased because risk management has created new demands for proof and evidence of action. In turn, these demands have generated new risks to reputation. In short, this important book traces the rise of the managerial concept of risk and the different logics and values which underpin it, showing that it has much less to do with real dangers and opportunities than might be thought, and more to do with organizational accountability and legitimacy.
Author: Michael Power
Publisher: Oxford University Press on Demand
ISBN: 0199253943
Category : Business & Economics
Languages : en
Pages : 267
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Book Description
Since the mid-1990s risk management has dramatically expanded its reach and significance to become a benchmark of good governance for a wide variety of public and private organizations. This book shows that the rise of risk management has much less to do with real dangers and opportunities than with organizational accountability and legitimacy.
Author: Chris Mowles
Publisher: Routledge
ISBN: 1317550358
Category : Business & Economics
Languages : en
Pages : 189
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Book Description
The reality of everyday organizational life is that it is filled with uncertainty, contradictions and paradoxes. Yet leaders and managers are expected to act as though they can predict the future and bring about the impossible: that they can transform themselves and their colleagues, design different cultures, choose the values for their organization, be innovative, control conflict and have inspiring visions. Whilst managers will have had lots of experiences of being in charge, they probably realise that they are not always in control. So how might we frame a much more realistic account of what’s possible for managers to achieve? Many managers are implicitly aware of their messy reality, but they rarely spend much time reflecting on what it is that they are actually doing. Drawing on insights from the complexity sciences, process sociology and pragmatic philosophy, Chris Mowles engages directly with some principal contradictions of organizational life concerning innovation, culture change, conflict and leadership. Mowles argues that if managers proceed from the expectation that organizational life as inherently uncertain, and interactions between people are complex and often paradoxical, they start noticing different things and create possibilities for acting in different ways. Managing in Uncertainty will be of interest to practitioners, advanced students and researchers looking at management and organizational studies from a critical perspective.
Author: Alexandra Michel
Publisher: Cambridge University Press
ISBN: 1139474189
Category : Psychology
Languages : en
Pages : 265
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Book Description
Bullish on Uncertainty provides rare insight into the secretive world of Wall Street high finance, which has shaped influential business, governmental, and cultural leaders and keeps supplying new business practices to other organizations in dynamic and complex environments. The book studies how two highly successful Wall Street investment banks managed the uncertainty of their high-velocity environment through different work practices. One bank chose the familiar route of decreasing bankers' uncertainty. The other bank used the novel and effective practice of increasing bankers' uncertainty to make them more alert to new situations and more likely to draw on the bank's entire range of resources. Through vivid accounts of newcomers during their first two years, the book traces how the two banks' initially similar participants were transformed into fundamentally different kinds of persons by the different kinds of work practices in which they participated.
Author: Gudela Grote
Publisher: Springer Science & Business Media
ISBN: 1848823738
Category : Business & Economics
Languages : en
Pages : 199
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Book Description
As I write, the financial systems of the world are collapsing with still no clear indication of what the consequences will be and which measures should be taken to avoid such a crisis in the future. There seems to be agreement though, that the financial instruments introduced in the past few decades entailed far too much complexity and uncertainty and that there was too little regulatory control over the use of these instruments. Management of uncertainty with the aim of achieving self-control is the core concern of this book. It was not written with a focus on financial systems, but many concepts developed in this book are applicable to this field as well. The - neric principles of reducing, maintaining or increasing uncertainties in view of the different contingencies an organization is faced with, the fundamental issue of how much control is possible and who should be in control, and the question of how much and what kind of regulation is necessary with the overall aim of finding an appropriate balance between system stability and flexibility are at the centre of heated debates on the future of finance.
Author: Uri Merry
Publisher: Praeger
ISBN: 0275951529
Category : Psychology
Languages : en
Pages : 0
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Book Description
This study applies the findings of the new nonlinear sciences to understanding the processes of growing complexity and intensifying chaos in the modern world. It also identifies and reviews approaches for living and coping with these trends. Uri Merry seeks to clarify the role of chaos in the transformation of the social sciences to new orders by re-examining and re-evaluating some of the basic tenets of modern social and behavioral science in light of theories of chaos, self-organization, and complexity. Divided into three sections, the work provides an overview of the major findings of the new science of chaos; analyzes why chaos is on the upsurge and why human society is experiencing such anxiety about it; and surveys some of the major approaches for dealing with chaos in society, organizations, and our personal lives.
Author: Vaughn Tan
Publisher: Columbia University Press
ISBN: 0231551878
Category : Social Science
Languages : en
Pages : 296
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Book Description
Innovation is how businesses stay ahead of the competition and adapt to market conditions that change in unpredictable and uncertain ways. In the first decade of the twenty-first century, high-end cuisine underwent a profound transformation. Once an industry that prioritized consistency and reliability, it turned into one where constant change was a competitive necessity. A top restaurant’s reputation and success have become so closely bound up with its ability to innovate that a new organizational form, the culinary research and development team, has emerged. The best of these R&D teams continually expand the frontiers of food—they invent a constant stream of new dishes, new cooking processes and methods, and even new ways of experiencing food. How do they achieve this nonstop novelty? And what can culinary research and development teach us about how organizations innovate? Vaughn Tan opens up the black box of elite culinary R&D to provide essential insights. Drawing on years of unprecedented access to the best and most influential culinary R&D teams in the world, he reveals how they exemplify what he calls the uncertainty mindset. Such a mindset intentionally incorporates uncertainty into organization design rather than simply trying to reduce risk. It changes how organizations hire, set goals, and motivate team members and leads organizations to work in highly unconventional ways. A revelatory look at the R&D kitchen, The Uncertainty Mindset upends conventional wisdom about how to organize for innovation and offers practical insights for businesses trying to become innovative and adaptable.
Author: Arthur L. Stinchcombe
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 372
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Book Description
These studies of project management in the Norwegian North Sea focus on how administrations composed of many organizations deal with risk and uncertainty. Individul chapters examine strategies for: coordinating multi-agency activities; distributing risks through insurance; reducing transaction costs by incorporating hierarchical features into written contracts; and, developing consensus about information used in decision making that spans several organizations. The ways in which these issues are linked to those of governmental policy are also discussed.
Author: Michael W. Kramer
Publisher: Routledge
ISBN: 1135613923
Category : Business & Economics
Languages : en
Pages : 251
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Book Description
This book examines uncertainty reduction theory (URT) and research applicable to organizational settings; it proposes a model for a Theory of Managing Uncertainty (TMU). For scholars/students in organizational/interpersonal/group communication.
Author: M. Association
Publisher: Springer
ISBN: 1137392126
Category : Business & Economics
Languages : en
Pages : 442
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Book Description
Management Control and Uncertainty recognizes that all control takes place under conditions of uncertainty: it does now, and it always has done. In this edited collection, the contributing authors examine different aspects of management control systems in the modern world whilst paying more explicit attention to the ubiquitous nature of uncertainty
