Risk Management: A Review Of Recent Philosophical Perspectives

Authors

  • Siti Afiqah Zainuddin, Nik Alif Amri Nik Hashim, Tahirah Abdullah, Sathiswaran Uthamaputhran, Noorul Azwin Md Nasir, Nadzirah Mohd Said, Nur Izzati Mohamad Anuar

Abstract

Risk management is not a new organisational discipline, however most of previous
literatures in the field were almost monopolize by a single approach, those of positivism.
Such a tendency towards a single approach can prove problematic as it can hinder the
alternative conception of problems in the field of risk management. Moreover, this approach
see risk management as a technical value free discipline which identical to the practice of
natural science instead of its true nature as a social science that can be prove by observing the
interrelationship of the field with other elements in organisation, particularly the behaviour of
organisation’s actors. This paper aims to review existing risk management research approach
and its underlying assumptions that might be has evolve towards multiple approaches. The
review found the conventional approach is still dominant in the field, however there are
significantly increase in the recent literatures on the post-positivistic approach such
interpretative and radical approach in studying risk management in organisation. The
alternative approach is used to study the interpretation and risk management meaning through
the practices in the organisation, the impact of the practice and its mutual interrelationship
with the other organisational elements. In a review and analysis of this topic, this paper notes
the importance of Burrell and Morgan’s rather surprising paradigm in the conceptual
discussion of the discipline philosophy.

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Published

2020-11-02

How to Cite

Siti Afiqah Zainuddin, Nik Alif Amri Nik Hashim, Tahirah Abdullah, Sathiswaran Uthamaputhran, Noorul Azwin Md Nasir, Nadzirah Mohd Said, Nur Izzati Mohamad Anuar. (2020). Risk Management: A Review Of Recent Philosophical Perspectives. PalArch’s Journal of Archaeology of Egypt / Egyptology, 17(9), 1931 - 1944. Retrieved from https://archives.palarch.nl/index.php/jae/article/view/4100