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Organisational risk as it derives from what managers value: A practice-based approach to risk assessment

Corvellec, Hervé LU (2010) In Journal of Contingencies and Crisis Management 18(3). p.145-154
Abstract
Two observations serve as starting points for this paper. First, conventional risk assessment techniques provide sophisticated ways to identify and estimate hazards, but eschew the fact that there is no risk unless something of value is considered to be at stake. Second, what managers consider as being of value follows from how they organize their managerial practice. Based on these observations, a claim is presented that organisational risk conceptions derive primarily, although not exclusively, from what managers consider being of value both in and for their organisational practice. In order to illustrate this claim, a case study is presented of how managers in a Swedish public transportation administration conceive of the organisation’s... (More)
Two observations serve as starting points for this paper. First, conventional risk assessment techniques provide sophisticated ways to identify and estimate hazards, but eschew the fact that there is no risk unless something of value is considered to be at stake. Second, what managers consider as being of value follows from how they organize their managerial practice. Based on these observations, a claim is presented that organisational risk conceptions derive primarily, although not exclusively, from what managers consider being of value both in and for their organisational practice. In order to illustrate this claim, a case study is presented of how managers in a Swedish public transportation administration conceive of the organisation’s reputational risk. The implications of a view of risk being immanent to what managerial practice defines as being of value are discussed in the concluding remarks. In particular, it is suggested to begin the risk assessment process with a critical appraisal of what managers hold as being of value and why. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Public transportation, Value, Risk assessment, Practice, Sweden
in
Journal of Contingencies and Crisis Management
volume
18
issue
3
pages
145 - 154
publisher
Wiley-Blackwell
ISSN
1468-5973
language
English
LU publication?
yes
id
ad6243aa-4bd3-489e-ab38-fbb38d3c5622 (old id 1593314)
date added to LUP
2010-05-07 09:36:25
date last changed
2018-05-29 09:45:00
@article{ad6243aa-4bd3-489e-ab38-fbb38d3c5622,
  abstract     = {Two observations serve as starting points for this paper. First, conventional risk assessment techniques provide sophisticated ways to identify and estimate hazards, but eschew the fact that there is no risk unless something of value is considered to be at stake. Second, what managers consider as being of value follows from how they organize their managerial practice. Based on these observations, a claim is presented that organisational risk conceptions derive primarily, although not exclusively, from what managers consider being of value both in and for their organisational practice. In order to illustrate this claim, a case study is presented of how managers in a Swedish public transportation administration conceive of the organisation’s reputational risk. The implications of a view of risk being immanent to what managerial practice defines as being of value are discussed in the concluding remarks. In particular, it is suggested to begin the risk assessment process with a critical appraisal of what managers hold as being of value and why.},
  author       = {Corvellec, Hervé},
  issn         = {1468-5973},
  keyword      = {Public transportation,Value,Risk assessment,Practice,Sweden},
  language     = {eng},
  number       = {3},
  pages        = {145--154},
  publisher    = {Wiley-Blackwell},
  series       = {Journal of Contingencies and Crisis Management},
  title        = {Organisational risk as it derives from what managers value: A practice-based approach to risk assessment},
  volume       = {18},
  year         = {2010},
}