The one bad apple spoiling the whole barrel has become a common metaphor used with reference to risk culture in organisations. This “inside-out” perspective begins with the individual as the unit of analysis and follows with inferences to the broader environment. Since the Global Financial Crisis (GFC) of 2008, risk culture for many has become the explanation for shortcomings, poor decisions, and moral failures in organisations. This volume presents an institutional perspective of the forces that shape risk culture, and culture more generally, in organisations through a multi-disciplinary examination from a variety of leading academics and subject specialists. The authors demonstrate that firms play a role as manufacturers and managers of risk and they challenge common conceptions that attribute risk to chance circumstances or rogue behaviours. The foundational concepts needed for an institutional view of risk culture are highlighted with subsequent links to significant developments within society and firms.
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Beyond Bad Apples: Risk Culture In Business
Paperback
$53.95
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Published date: May 28, 2020
Language: English
No. of Pages: 275
Publisher: Cambridge University Press
ISBN: 9781108466882
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‘As we enter the third decade of the twenty-first century, this is a timely spotlight on the role risk culture has to play as businesses face unprecedented challenges to their operating models. It places the issues in a robustly argued context, with the occasional welcome dose of academic scepticism, providing Boards, the C-Suite and an organisation’s risk practitioners with thoughtful perspectives on how to challenge current thinking.’ Clare Williams, Global Head of Reputation Management, Barclays
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