Practices and problems in the management of risk redisributions

Busby, J S and Sedmak, M (2011) Practices and problems in the management of risk redisributions. Journal of Risk Research, 14 (2). pp. 259-279. ISSN 1466-4461

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Abstract

The redistribution of risk across social groups is an important aspect of risk analysis. This article argues for a more general concept of risk redistribution across any significant categorisation, however, not just social groups. This includes the redistribution of risk across different kinds of harm, different kinds of failure mode and so on. These redistributions are connected by the way in which they all somehow threaten coping capacities that are adapted to specific past distributions: for example redistributions across failure modes threaten technological and organisational risk controls, whereas redistributions across social groups can threaten notions of fairness and social order. The purpose of the study described here was to investigate this general concept of risk redistribution as a managerial problem. It involved interviews with regulatory and consultancy staff, predominantly in offshore, maritime and railroad operations. These indicated that redistribution was a ubiquitous outcome of activity – and not one confined to discontinuous changes in technology or organisation. Yet, the management of this redistribution was not strongly institutionalised. It was mostly not embodied as an important concept in regulations, codes and procedures and it was not a product of risk assessment processes. But there was a considerable sensitivity to how both technological change and the practice of risk management itself produced redistributions, and extensive efforts were often made to deal with them in the informal domain.

Item Type:
Journal Article
Journal or Publication Title:
Journal of Risk Research
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
45821
Deposited By:
Deposited On:
11 Jul 2011 18:38
Refereed?:
Yes
Published?:
Published
Last Modified:
25 Nov 2020 01:43