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Reputational risk as a logic of organizing in late modernity

Reputational risk as a logic of organizing in late modernity

Power, Michael, Scheytt, Tobias, Soin, Kim and Sahlin, Kerstin (2009) Reputational risk as a logic of organizing in late modernity. Organization Studies, 30 (2-3). pp. 301-324. ISSN 0170-8406 (Print), 1741-3044 (Online) (doi:10.1177/0170840608101482)

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Abstract

This paper argues that it is useful to regard ‘reputational risk’ as a pervasive logic of organizing and organizational attention. First, we suggest that the risk management agenda has expanded from its roots in technical analysis to become a cornerstone of good governance and responsible actorhood. We illustrate this claim in the context of English universities. Second we suggest that this expansion in the reach and significance of risk management has increased organizational orientations to reputational risk and to more defensively and legalistically framed forms of asset management. Specifically, organizations are responding to the growth of external bodies which evaluative and rank, and thereby generate reputational risk. In the context of universities, we argue that this leads both to specific transformations in organizational practices in response to ranking systems, and also to an increased generalised concern with reputational risk, which is a symptom of late modern insecurity.

Item Type: Article
Uncontrolled Keywords: ranking, risk management, reputational risk, late modernity, regulation, university
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce > HF5601 Accounting
L Education > LB Theory and practice of education > LB2300 Higher Education
Faculty / Department / Research Group: Faculty of Business > Department of Accounting & Finance
Faculty of Business
Related URLs:
Last Modified: 14 Oct 2016 09:17
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/6736

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