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Management - Risk Management

 
Risk, Innovation and Values - Examining the Tensions This paper explores the tensions among innovation, values and risk-taking that public sector managers face when they make decisions about uncertain outcomes. Rapidly changing environments suggest that innovation needs to be a regular way of thinking for public service managers. Yet, the values of public service managers have been influenced by a tradition that emphasized caution, a tradition that limited innovation through equating risk with danger. Accordingly, the issue of managing risk in the public service often became synonymous with avoiding risk, which also implied avoiding innovation. Managers may need to increasingly develop the ability to view tensions among innovation, values and risk not as conflicts to be avoided, but as opportunities to be managed. The paper makes four suggestions for consideration by Risk Management Division.

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Status: 07. Januar 2010