Bullish on Uncertainty: How Organizational Cultures by Alexandra Michel

By Alexandra Michel

Bullish on Uncertainty presents infrequent perception into the secretive international of Wall highway excessive finance, which has formed influential enterprise, governmental, and cultural leaders and retains delivering new enterprise practices to different companies in dynamic and complicated environments. The publication stories how hugely profitable Wall highway funding banks controlled the uncertainty in their high-velocity atmosphere via various paintings practices. One financial institution selected the wide-spread course of lowering bankers' uncertainty. the opposite financial institution used the unconventional and potent perform of accelerating bankers' uncertainty to cause them to extra alert to new events and prone to draw at the bank's complete variety of assets. The booklet explains why the 2 banks differed of their skill to note marketplace adjustments and adapt to them. It thereby illuminates present occasions within the monetary markets. via brilliant debts of novices in the course of their first years, the ebook strains how the 2 banks' at the beginning comparable contributors have been reworked into essentially other forms of individuals via the several types of paintings practices during which they participated.

Show description

Read or Download Bullish on Uncertainty: How Organizational Cultures Transform Participants PDF

Similar cognitive books

Abducted: How People Come to Believe They Were Kidnapped by Aliens

They're tiny. they're tall. they're grey. they're eco-friendly. They survey our international with huge, immense gleaming eyes. To behavior their surprising experiments, they creep in at evening to hold people off to their spaceships. but there isn't any proof that they exist in any respect. So how may perhaps someone think she or he was once kidnapped by way of extraterrestrial beings?

Cognitive Psychology and its Implications

Anderson bargains systematic and obtainable presentation of the theoretical foundations of upper psychological procedures, with each one very important notion made concrete through particular examples and experiments. targeting wisdom illustration because the crucial factor of cognition learn, the booklet emphasizes a data processing method of the sphere, yet deals thorough insurance of the cognitive neuroscience technique in addition (extensively up-to-date for this edition).

Bankenregulierung als Cognitive Governance: Eine Studie zur gesellschaftlichen Verarbeitung von Komplexität und Nichtwissen

Im Zuge der dynamischen und teils turbulenten Entwicklungen auf den Finanzmärkten und innerhalb des Bankensystems erprobt die Politik neue Formen der Regulierung und des Umgangs mit Komplexität und Nichtwissen. Für den Bereich der Bankenregulierung arbeitet Sven Kette anhand der examine des gewichtigen Regulierungsstandards ‚Basel II’ die Funktionslogik eines solchen kognitiven Modus der Gouvernanz heraus.

In touch with the future: The sense of touch from cognitive neuroscience to virtual reality

Out of the entire human senses, contact is the one who is normally unappreciated, and undervalued. but, the skin of the human physique, the surface, is really one large sheet of tactile receptors. It presents us with the ability to hook up with our environment. regardless of the real position that imaginative and prescient performs in our daily lives, it's the pores and skin that constitutes either the oldest, and by way of a ways the most important of our experience organs.

Extra resources for Bullish on Uncertainty: How Organizational Cultures Transform Participants

Example text

Instead of causing more chaos, this practice turned out to encourage in bankers a situational alertness that Organization Bankers aspired to. As a result, bankers selfconsciously created practices that encouraged the desired mindset in individuals, such as staffing bankers fungibly, and eliminated practices that caused undue self-confidence in bankers, such as hiring superstars and providing extensive training. We can only speculate about how Individual Bank and most other investment banks adopted more individualist, cognitivist practices.

Focusing on the relation between act and environment. ’’ We refer to the Organization Bankers’ orientation as direct involvement because abstract identities, scripts, and models were cleared away and their 26 Bullish on Uncertainty cognition, emotion, and motivation engaged situations more directly. Unlike Individual Bankers, their actions were not mediated by standard, abstract resources imported from outside the situation. This does not make their actions unmediated. Instead, Organization Bankers used mediating resources attuned to concrete situations, with different configurations of resources used in different settings – whatever was appropriate for the task at hand.

1995: 217). This cognitive research on problem solving and identity development accurately describes new bankers’ development at Individual Bank. This supposedly universal developmental pathway did not occur at Organization Bank, however. The Organization Bankers experienced persistent uncertainty. Throughout the two years of the study, they were staffed on deals for which they lacked relevant knowledge and in which they could not develop solutions by themselves. Because the bankers did not have enough abstract guidelines and scripts to direct their actions in these unfamiliar situations, they continued to attend closely to concrete, situation-specific information and to draw more widely on organizational resources.

Download PDF sample

Rated 4.96 of 5 – based on 6 votes