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Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
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Searching... | 30000003505157 | HB615 P69 2007 | Open Access Book | Book | Searching... |
Searching... | 30000003505165 | HB615 P69 2007 | Open Access Book | Book | Searching... |
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Summary
Summary
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 Notes
Michael Power is Professor of Accounting and Research Theme Director of the ESRC Centre for Analysis of Risk and Regulation, London School of Economics and Political Science.
Table of Contents
Glossary | p. xvii |
1 Organized Uncertainty: An Introduction | p. 1 |
2 Turning Organizations Inside Out: The Rise of Internal Control | p. 34 |
3 Standardizing Risk Management: Making up Processes and People | p. 66 |
4 Putting Categories to Work: The Invention of Operational Risk | p. 103 |
5 Governing Reputations: The Outside Comes in | p. 128 |
6 Making Risk Auditable: Legalization and Organization | p. 152 |
7 Designing a World of Risk Management | p. 183 |
References | p. 204 |
Index | p. 233 |