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Organized Uncertainty: Designing a World of Risk Management (Hardcover)

by Michael Power (Author) "What do the following activities have in common: catching the train to work, mountaineering, lending money, investing in new technology, drilling for oil, taking children..." (more)

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Organizational Encounters with Risk by Bridget Hutter
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Risk Governance: Coping with Uncertainty in a Complex World (Earthscan Risk in Society Series) by Ortwin Renn
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Product details

Hardcover: 275 pages
Publisher: OUP Oxford (24 May 2007)
Language English
ISBN-10: 0199253943
ISBN-13: 978-0199253944
Product Dimensions: 23.4 x 16.2 x 2.4 cm

Average Customer Review: 4.0 out of 5 stars See all reviews (1 customer review)

Amazon.co.uk Sales Rank: 488,852 in Books (See Bestsellers in Books)
Popular in these categories:
#65 in Books > Business, Finance & Law > Personal Finance > Insurance > Risk Management
#84 in Books > Business, Finance & Law > Professional Finance > Risk Management

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Product Description

Review

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 )

Product 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.

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Inside This Book (Learn More)

First Sentence
What do the following activities have in common: catching the train to work, mountaineering, lending money, investing in new technology, drilling for oil, taking children on school trips, smoking, buying a personal pension"; Years ago the answer would have been-very little. Read the first page

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4.0 out of 5 stars An academic argument for transforming risk management to risk governance, 19 Aug 2009

By	Rolf Dobelli "getAbstract.com" (Switzerland) - See all my reviews (TOP 50 REVIEWER) (REAL NAME)

Michael Power takes an academic look at how risk analysis has become risk management since the 1990s and how the present demand for greater business accountability is turning risk management into risk governance. The ideas in the book are solid, and not as opaque as Power's academic argot ("managerialization," "scientificity," "scientization") may make them seem. Constant explanations of detailed studies and risk models become somewhat complex for the general reader, but getAbstract recommends this informed and informative analysis to risk management professionals and professors who will appreciate Power's depth of knowledge.

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