Organized Uncertainty

Designing a World of Risk Management

Michael Power author

Format:Hardback

Publisher:Oxford University Press

Published:24th May '07

Currently unavailable, and unfortunately no date known when it will be back

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Organized Uncertainty cover

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.

Power's book is illuminating and bringing in the foreground a highly relevant topic for today businesses and society. As a preliminary exploration of the ideas embodied by risk management understood as risk governance, the book is really worth reading even if we will be missing the flavor of field studies, because Power's aim was so broad and ideational. Anyway, this book may help debunk many ideas about risk and risk management, written by a talented management accountant and philosopher. * Laurent Magne, Society and Business Review *
...getAbstract recommends this informed and informative analysis to risk management professionals and professors who will appreciate Powers depth of knowledge. * getAbsract *
Power's new book brings much the same note of sceptisism to another world-sweeping managerial pheomenon: the drive to convert uncertainty about the future into identifiable risks...[..] So what will be the new model to challenge, and perhaps even displace, risk management? We await Michael Power's next decennial book to tell us in the hope that it will be as iconoclastic and illuminating as the present one. * Rudolf klein, London School of Economics, Public Polic *

ISBN: 9780199253944

Dimensions: 240mm x 162mm x 18mm

Weight: 551g

268 pages