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Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th CenturyTop Careers as a Means of Risk Management in Organisations

Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th... [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.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th CenturyTop Careers as a Means of Risk Management in Organisations

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References (16)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2017
ISBN
978-3-319-42075-2
Pages
57 –79
DOI
10.1007/978-3-319-42076-9_3
Publisher site
See Chapter on Publisher Site

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.]

Published: Jan 27, 2017

Keywords: Supervisory Board; Executive Board; Business Company; Banking Business; Legal Department

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