Bullish on Uncertainty How Organizational Cultures Transform Participants

Name: Bullish on Uncertainty How Organizational Cultures Transform Participants
Price: 7.4 USD
Availability: InStock
ISBN: 9780521690195

ISBN-10: 0521690196

ISBN-13: 9780521690195

Edition: 2008

Authors: Alexandra Michel, Stanton Wortham

List price: $24.99

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Description:

Bullish on Uncertainty provides rare insight into the secretive world of Wall Street high finance, which has shaped influential business, governmental, and cultural leaders and keeps supplying new business practices to other organizations in dynamic and complex environments. The book studies how two highly successful Wall Street investment banks managed the uncertainty of their high-velocity environment through different work practices. One bank chose the familiar route of decreasing bankers' uncertainty. The other bank used the novel and effective practice of increasing bankers' uncertainty to make them more alert to new situations and more likely to draw on the bank's entire range of…

Book details

List price: $24.99
Copyright year: 2008
Publisher: Cambridge University Press
Publication date: 11/10/2008
Binding: Paperback
Pages: 278
Size: 5.98" wide x 9.02" long x 0.59" tall
Weight: 0.836
Language: English

Alexandra Michel is an Assistant Professor in Work and Organizational Psychology at the University of Heidelberg.



Foreword



Acknowledgments



Bullish on Uncertainty


The Two Banks' Approaches


The Puzzle


Why Study Investment Banks?


Contributions of the Book


Uncertainty Reduction and Uncertainty Amplification


Divergent Developmental Pathways


Different Forms of Psychological Functioning


Cognitive and Sociocultural Theories as Practices


Plan of the Book



Work Practices



Practices That Reduced Cognitive Uncertainty at Individual Bank


Strategy and Structures


Roles


Staffing


Feedback


Training



Practices That Amplified Cognitive Uncertainty at Organization Bank


Strategy and Structures


Roles


Staffing


Feedback


Training


Individual-Centered and Sociocentric Theories in Practice



Psychological Transformation



Recruiting


Applicant Identities and the Banks' Recruiting Approaches


The Recruiting Process


Recruiting Criteria


The Recruits' Decision-Making Process



Individual-Centered Transformation


Introductory Training


The First Six Months at Individual Bank


After Six Months at Individual Bank


Summary



Organization-Centered Transformation


Introductory Training


The First Six Months at Organization Bank


After Six Months at Organization Bank


Summary



An Alternative Approach to Organizational and Psychological Transformation


Involvement


Central Insights


Uncertainty Amplification


Persistent Uncertainty: An Alternative Developmental Trajectory


Clearing Away the Self


Theories in the Wild


References


Index