- List of Contributors
- Introduction: Sociology, Social Theory, and Organization Studies, Continuing Entanglements
- Michel Foucault and the Administering of Lives
- Bourdieu and Organizational Theory: A Ghostly Apparition?
- The Making of a Paradigm: Exploring the Potential of the Economy of Convention and Pragmatic Sociology of Critique
- Bruno Latour: An Accidental Organization Theorist
- A Theory of ‘Agencing’: On Michel Callon’s Contribution to Organizational Knowledge and Practice
- Niklas Luhmann as Organization Theorist
- Jürgen Habermas and Organization Studies: Contributions and Future Prospects
- Bhaskar and Critical Realism
- The Comparative Analysis of Capitalism and the Study of Organizations
- C. Wright Mills and the Theorists of Power
- Organizational Analysis: Goffman and Dramaturgy
- Garfinkel and Ethnomethodology
- Rational Choice Theory and the Analysis of Organizations
- Clifford Geertz and the Interpretation of Organizations
- Risk, Social Theories, and Organizations
- Arlie Russell Hochschild: Spacious Sociologies of Emotion
- Discourse and Communication
- The Second Time Farce: Business School Ethicists and the Emergence of Bastard Rawlsianism
- Hayek and Organization Studies
- Social Movement Theory and Organization Studies
- What’s New in the ‘<i>New</i>, New Economic Sociology’ and Should Organization Studies Care?
- Critical Theory and Organization Studies
- British Industrial Sociology and Organization Studies: A Distinctive Contribution
- Anthony Giddens and Structuration Theory
- Engendering the Organizational: Feminist Theorizing and Organization Studies
- Organization Studies and the Subjects of Imperialism
- Space and Organization Studies
- Organization Studies, Sociology, and the Quest for a Public Organization Theory
- What Makes Organization? Organizational Theory as a ‘Practical Science’
Abstract and Keywords
Risk remains a puzzling concept. It is transdisciplinary in scope and multi-levelled in application. It emerged from practice, became theoretical, and has become practical again. Today it is a concept with unprecedented reach and organizing power, and for this reason is a source of fascination to social theorists and organization scholars alike. This chapter outlines a series of intersections between risk, social theory, and analyses of organization practice which share a common critique of risk individualism. These intersections suggest that risk is hybrid and multi-logic in nature. Specifically, at least three risk logics are entangled in practice, namely: anticipation (knowledge), resilience (ignorance), and auditability (blame). The chapter concludes by suggesting a dynamic theory of risk management practice as the contingent and changing mix of these three logics.
Michael Power is Professor of Accounting and Director of the Centre for the Analysis of Risk and Regulation (CARR) at the London School of Economics. His research and teaching focuses on regulation, accounting, auditing, internal control, and risk management. His major work, The Audit Society: Rituals of Verification (1999) has been translated into Italian, Japanese, and French. Organized Uncertainty: Designing a World of Risk Management (2007) has been translated into Japanese. Power holds honorary doctorates from the University of St Gallen, Switzerland, and the University of Uppsala, Sweden.
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