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Books > Reference & Interdisciplinary > Communication studies > Decision theory
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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