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Collective approaches to risk in business : an introduction to plural rationality theory

Recurso electrónico / electronic resource
MARC record
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008  140204e20131209esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
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1001 ‎$0‎MAPA20080072469‎$a‎Ingram, David
24510‎$a‎Collective approaches to risk in business‎$b‎: an introduction to plural rationality theory‎$c‎David Ingram, Elijah Bush
520  ‎$a‎This article initiates a discussion regarding Plural Rationality Theory, which began to be used as a tool for understanding risk 40 years ago in the field of social anthropology. This theory is now widely applied and can provide a powerful paradigm to understand group behaviors. The theory has only recently been utilized in business and finance, where it provides insights into perceptions of risk and the dynamics of firms and markets. Plural Rationality Theory highlights four competing views of risk with corresponding strategies applied in four distinct risk environments. We explain how these rival perspectives are evident on all levels, from roles within organizations to macro level economics. The theory is introduced and the concepts are applied with business terms and examples such as company strategy, where the theory has a particularly strong impact on risk management patterns. The principles are also shown to have been evident in the run up toand the reactions after the 2008 financial crisis. Traditional risk management is shown to align with only one of these four views of risk, and the consequences of that singular view are discussed. Additional changes needed to make risk management more comprehensive, widely acceptable, and successful are introduced
650 4‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
650 4‎$0‎MAPA20080582951‎$a‎Teoría del riesgo
650 4‎$0‎MAPA20080546991‎$a‎Empresas
650 4‎$0‎MAPA20080606091‎$a‎Estrategia empresarial
650 4‎$0‎MAPA20080603038‎$a‎Prevención de riesgos
7001 ‎$0‎MAPA20140002252‎$a‎Bush, Elijah
7730 ‎$w‎MAP20077000239‎$t‎North American actuarial journal‎$d‎Schaumburg : Society of Actuaries, 1997-‎$x‎1092-0277‎$g‎09/12/2013 Tomo 17 Número 4 - 2013 , p. 297-305