 Top Careers as a Means of Risk Management in OrganisationsDaniel Wylegala ()
A chapter in Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, 2017, pp 57-79 from Palgrave Macmillan Abstract: Abstract Decision-making reproduces organisations and produces risks, and risks inevitably have to be managed. The most far-reaching and risky decisions are the responsibility of an organisation’s higher hierarchical levels. Starting from this premise based on Niklas Luhmann’s Systems Theory, the chapter presents a model that focuses on the function of top careers in organisations and provides a means by which decision-making and risk management can be examined. A top career is both a process of selection and a process of socialisation. During its course, individuals are selected who have proved their ability to make decisions and to handle risks. Therefore, a top career is a mechanism that serves organisational interests by reducing the risks related to decisions, thus increasing the probability of reproducing the organisation. Keywords: Supervisory Board; Executive Board; Business Company; Banking Business; Legal Department (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-42076-9_3 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-42076-9_3 Access Statistics for this chapter More chapters in Palgrave Studies in the History of Finance from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.