Synonyms
Definition
Risk and organization refers to the threats, hazards, and dangers that institutions and organizations face.
Introduction
Risk and uncertainty are two important concepts that address the threats and opportunities of human projects in modern social life. The concept of risk originally referred to an opportunity for gain or for loss resulting from a human project and was often associated with financial ventures, gambling, and other gain-seeking activities. In late modernity, the term has come to refer principally to the threat of danger, harm, or damage resulting from human activities. The original meaning of risk referred to the ability of technical experts to rationally calculate the probability or likelihood of favorable or unfavorable outcomes of a phenomenon. In late modernity, the meaning has shifted and now refers to risks that cannot be known, that is, to unquantifiable uncertainties.
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Gephart, R.P., Topal, C. (2016). Risk and Organizations. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_137-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_137-1
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