Organizations and Risk in Late Modernity

Author:

Gephart Robert P.1,Van Maanen John2,Oberlechner Thomas3

Affiliation:

1. University of Alberta, Canada,

2. Massachusetts Institute of Technology, USA,

3. Webster University, Vienna, Austria,

Abstract

Risk is an important but under-investigated feature of organizations in Late Modernity. This paper introduces the Special Issue on Organizations and Risk in Late Modernity. The rationale for the special issue is discussed. An overview of important approaches to risk research and organizations is provided to frame the special issue. These approaches include the cognitive science approach, which takes a positivist perspective and assumes that risks are objective and knowable. This view is contrasted with socio-cultural theories based in work by Mary Douglas, Ulrich Beck, Anthony Giddens and Michel Foucault. Charles Perrow's organizational theory of the production of risk and accidents due to interactive complexity, and Karl Weick's theory of risk sensemaking, are then discussed. The paper then reviews the contributions of papers in the special issue and outlines issues for future research on risk and organizations.

Publisher

SAGE Publications

Subject

Management of Technology and Innovation,Organizational Behavior and Human Resource Management,Strategy and Management

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