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The enactment of risk categories: organizing and re-organizing risk management practices in the energy industry

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  • Scott, Susan V.
  • Perry, Nicholas

Abstract

Aimed at energy organizations adapting to the competitive demands associated with liberalization, transaction and risk management software “A-Trade” was part of the shift from a traditional engineer-led culture of risk cognition to market-oriented financial risk management. The story of A-Trade illustrates the progress of risk industries, the development of encounters between different risk cultures, and the entanglement of technological artefacts in the enactment of managerial approaches to risk. We suggest that risk management is an organizing category in whose name organizing and re-organizing activity is done. In our conclusion, we consider what the story of A-Trade tells us about how organizations experience the limits of their own capacity to organize in the face or uncertainty and consider the role of routine information infrastructures in mitigating risk.

Suggested Citation

  • Scott, Susan V. & Perry, Nicholas, 2006. "The enactment of risk categories: organizing and re-organizing risk management practices in the energy industry," LSE Research Online Documents on Economics 37868, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:37868
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    References listed on IDEAS

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    More about this item

    Keywords

    social construction of risk; risk management; classification theory; information infrastructures; software; qualitative case study research;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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