Organized Uncertainty

Author : Michael Power
Publisher : OUP Oxford
ISBN 13 : 0191531146
Total Pages : 268 pages
Book Rating : 4.49/5 ( download)

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Download or read book Organized Uncertainty written by Michael Power and published by OUP Oxford. This book was released on 2007-05-24 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 : 0199253943
Total Pages : 267 pages
Book Rating : 4.44/5 ( download)

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Download or read book Organized Uncertainty written by Michael Power and published by Oxford University Press on Demand. This book was released on 2007-05-24 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 : 1317550358
Total Pages : 182 pages
Book Rating : 4.58/5 ( download)

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Download or read book Managing in Uncertainty written by Chris Mowles and published by Routledge. This book was released on 2015-03-24 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Gudela Grote
Publisher : Springer Science & Business Media
ISBN 13 : 1848823738
Total Pages : 199 pages
Book Rating : 4.30/5 ( download)

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Download or read book Management of Uncertainty written by Gudela Grote and published by Springer Science & Business Media. This book was released on 2009-09-17 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Alexandra Michel
Publisher : Cambridge University Press
ISBN 13 : 1139474189
Total Pages : 265 pages
Book Rating : 4.84/5 ( download)

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Download or read book Bullish on Uncertainty written by Alexandra Michel and published by Cambridge University Press. This book was released on 2008-11-10 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Uri Merry
Publisher : Praeger
ISBN 13 : 0275951529
Total Pages : 0 pages
Book Rating : 4.28/5 ( download)

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Download or read book Coping with Uncertainty written by Uri Merry and published by Praeger. This book was released on 1995-03-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Frank H. Knight
Publisher : Cosimo, Inc.
ISBN 13 : 1602060053
Total Pages : 401 pages
Book Rating : 4.50/5 ( download)

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Download or read book Risk, Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Author : Richard Friberg
Publisher : MIT Press
ISBN 13 : 0262528193
Total Pages : 395 pages
Book Rating : 4.91/5 ( download)

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Download or read book Managing Risk and Uncertainty written by Richard Friberg and published by MIT Press. This book was released on 2015-11-13 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.

Author : Michael W. Kramer
Publisher : Routledge
ISBN 13 : 1135613923
Total Pages : 251 pages
Book Rating : 4.21/5 ( download)

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Download or read book Managing Uncertainty in Organizational Communication written by Michael W. Kramer and published by Routledge. This book was released on 2014-04-04 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Glenda H. Eoyang
Publisher : Stanford University Press
ISBN 13 : 0804785406
Total Pages : 265 pages
Book Rating : 4.02/5 ( download)

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Download or read book Adaptive Action written by Glenda H. Eoyang and published by Stanford University Press. This book was released on 2013-04-17 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rooted in the study of chaos and complexity, Adaptive Action introduces a simple, common sense process that will guide you and your organization into reflective action. This elegant method prompts readers to engage with three deceptively simple questions: What? So what? Now what? The first leads to careful observation. The second invites you to thoughtfully consider options and implications. The third ignites effective action. Together, these questions and the tools that support them produce a dynamic and creative dance with uncertainty. The road-tested steps of adaptive action can be used to devise solutions and improve performance across multiple challenges, and they have proven to be scalable from individuals to work groups, from organizations to communities. In addition to laying out the adaptive action framework and clear protocols to support it, Glenda H. Eoyang and Royce J. Holladay introduce best practices from exemplary professionals who have used adaptive action to meet personal, professional, and political challenges in leadership, consulting, Alzheimer's treatment, evaluation, education reform, political advocacy, and cultural engagement—readying readers to employ this new toolkit to meet their own goals with a sense of ingenuity and flexibility.