From Counting Risk to Making Risk Count: Boundary-Work in Risk ...

August 17, 2011 ? 11:38 AM

Recommended read for all leadership, management and C-Suite on risk management.?? In bad economic times, risk management can seem to be a moving target?.therefore, advice and steerage in the how-to and how-others-are is very helpful.

Excerpt??.According to previous research, the cycle of risk management includes counting risk through quantification and aggregation; controlling risk until something like a financial crisis occurs; and then calculating new risks in an attempt to avoid similar crises in the future. In this paper, through case studies carried out at several banks, Harvard Business School professor Anette Mikes introduces the idea that this cycle is contingent upon a ?calculative culture,? which steers organizations toward successful risk management practices. Key concepts ?..

Read full article?..via From Counting Risk to Making Risk Count: Boundary-Work in Risk Management ? HBS Working Knowledge.

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Source: http://bjconquest.com/2011/08/17/from-counting-risk-to-making-risk-count-boundary-work-in-risk-management-%E2%80%94-hbs-working-knowledge/

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