Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-mlc7c Total loading time: 0 Render date: 2024-11-09T22:32:20.388Z Has data issue: false hasContentIssue false

Introduction

Published online by Cambridge University Press:  22 May 2020

Michelle Tuveson
Affiliation:
Judge Business School, Cambridge
Daniel Ralph
Affiliation:
Judge Business School, Cambridge
Kern Alexander
Affiliation:
Universität Zürich
Get access

Summary

The one bad apple spoiling the barrel has become a common metaphor to describe risk culture in organisations. This ‘inside-out’ perspective begins with the individual as the unit of analysis and follows with inferences to the broader environment. Since the global financial crisis (GFC) of 2008, risk culture for many has become the explanation for shortcomings, poor decisions and moral failures in organisations. We present an institutional perspective of some of the forces that shape risk culture in organisations.

Type
Chapter
Information
Beyond Bad Apples
Risk Culture in Business
, pp. 1 - 18
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Ajzen, I., (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179211.Google Scholar
Ashby, S., Palermo, T. and Power, M. (2014). Risk culture: definitions, change practices and challenges for chief risk officers. In Jackson, P., ed., Risk Culture Effective Risk Governance. London: Risk Books., pp. 2546.Google Scholar
Banks, E. (2012). Risk Culture: A Practical Guide to Building and Strengthening the Fabric of Risk Management. Basingstoke: Palgrave Macmillan.Google Scholar
Beck, U. (1992). Risk Society: Towards a New Modernity. London: SAGE Publications Ltd.Google Scholar
Bunderson, J. S. and Sutcliffe, K. M. (2002). Comparing alternative conceptualizations of functional diversity in management teams: process and performance effects. The Academy of Management Journal, 45(5), 875–93.Google Scholar
Cambridge Judge Business School (2016). 7th Risk Summit. https://bit.ly/34aDIBiGoogle Scholar
Coates, J. (2013). The Hour between the Dog and the Wolf. New York: Penguin Books.Google Scholar
Gino, F., Aval, S. and Ariely, D. (2009). Contagion and differentiation in unethical behavior: the effect of one bad apple on the barrel. Psychological Science, 20(3), 393–8.Google Scholar
Group of Thirty (G30) (July 2015). Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform. Washington, DC: G30. https://bit.ly/32Uh27VGoogle Scholar
Helbing, D., ed. (2008). Managing Complexity: Insights, Concepts, Application. Berlin: Springer-Verlag.CrossRefGoogle Scholar
Hunt, V., Prince, S., Dixon-Fyle, S. and Yee, L. (January 2018). Delivering through Diversity. London: McKinsey & Company. https://mck.co/2opBjmZGoogle Scholar
International Institute of Finance (IIF) (2009). Reform in the Financial Services Industry: Strengthening Practices for a More Stable System. Washington, DC: IIF.Google Scholar
Kahan, D. M. et al. (2016). ‘Ideology’ or ‘situation sense’? An experimental investigation of motivated reasoning and professional judgment. University of Pennsylvania Law Review, 164(2), 349440.Google Scholar
Ministry of Justice (2010). The Bribery Act 2010: Quick Start Guide. London: Ministry of Justice. https://bit.ly/34jtcYzGoogle Scholar
Page, S. (2007). The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies. Princeton, NJ: Princeton University Press.Google Scholar
Power, M. (2009). The risk management of nothing. Accounting, Organizations and Society, 34(6–7), 849–55.Google Scholar
Power, M., Palermo, T. and Ashby, S. (2013). Risk Culture in Financial Organisations: A Research Report. London: Centre for Analysis of Risk and Regulation, London School of Economics.Google Scholar
Schein, E. H. (1996). Three cultures of management: the key to organizational learning. Sloan Management Review, 38(1), 920.Google Scholar
Tuveson, M. and Ralph, D. (2016). Is regulation of risk culture the missing piece? Civil actions reconsidered. Banking & Financial Services Policy Report, 35(1), 1218.Google Scholar
Weinberg, M. and Taylor, S. (2014). ‘Rogue’ social workers: the problem with rules for ethical behaviour. Critical Social Work, 15(1), 7486.Google Scholar
Yale Law School (n.d.) The Cultural Cognition Project. www.culturalcognition.netGoogle Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×