Management of Uncertainty: Theory and Application in the Design of Systems and Organizations
As I write, the financial systems of the world are collapsing with still no clear indication of what the consequences will be and which measures should be taken to avoid such a crisis in the future. There seems to be agreement though, that the financial instruments introduced in the past few decades entailed far too much complexity and uncertainty and that there was too little regulatory control over the use of these instruments. Management of uncertainty with the aim of achieving self-control is the core concern of this book. It was not written with a focus on financial systems, but many concepts developed in this book are applicable to this field as well. The - neric principles of reducing, maintaining or increasing uncertainties in view of the different contingencies an organization is faced with, the fundamental issue of how much control is possible and who should be in control, and the question of how much and what kind of regulation is necessary with the overall aim of finding an appropriate balance between system stability and flexibility are at the centre of heated debates on the future of finance.
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Management of Uncertainty: Theory and Application in the Design of Systems ...
No preview available - 2012
achieve action actors adaptation Adm Sci Q analysis argued assessment assumptions automation auton autonomy behaviour Burns and Stalker career orientations Chapter collaborative planning complex concern contingencies coordination coping with uncertainties decision latitude decision-making defined demands DeSanctis discussed effects Eisenhardt employees employer branding employment relationship environment example external focus framework functions goals Grote G handling uncertainties Hollnagel human operators human resource management incident command system increasing uncertainties individual instance involved KOMPASS loose coupling management of uncertainty managing uncertainty minimizing uncertainties Novartis organization’s organizations overall particular performance perspective production psychological contract reducing uncertainty regarding requirements responsibility risk role rule management safety culture safety management sensemaking shunting signaller situation socio-technical system specific stability and flexibility step strategic supply chain system design tainty task interdependencies TCAS technical system tion train driver Überlingen uncer uncertainties approach uncertainty management Weick Windischer