Organized Uncertainty: Designing a World of Risk Management

Organized Uncertainty Designing a World of Risk Management Since the mid s 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 fo

  • Title: Organized Uncertainty: Designing a World of Risk Management
  • Author: Michael Power
  • ISBN: 9780199253944
  • Page: 458
  • Format: Hardcover
  • 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 organizatSince 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 to do with organizational accountability and legitimacy.

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      Posted by:Michael Power
      Published :2019-03-24T23:48:22+00:00

    About “Michael Power

    • Michael Power

      Michael Power Is a well-known author, some of his books are a fascination for readers like in the Organized Uncertainty: Designing a World of Risk Management book, this is one of the most wanted Michael Power author readers around the world.

    357 thoughts on “Organized Uncertainty: Designing a World of Risk Management

    • An academic argument for transforming risk management to risk governanceMichael 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 ri [...]


    • I'm not sure what value these types of books add. It’s almost a philosophical look at the origins and value of ERM in society today. The text is unnecessarily verbose. A couple of good take aways though included:- Risk management is a de-regulatory strategy aimed at making the organisation self-aware.- “…it is really fear of blame, rather than enterprise, which motivates the rational designs for risk management which has developed since 1995.- “ERM has become a conceptual umbrella, a vie [...]


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