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The Biopolitics of Transformation to ERM Technologies: A Case From Egypt

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  • Ahmed Diab

    (Department of Accounting, Prince Sultan University, Riyadh, Saudi Arabia & Faculty of Commerce, Beni-Suef University, Beni-Suef, Egypt)

  • Abdelmoneim Bahyeldin Mohamed Metwally

    (Department of Accounting, Faculty of Commerce, Assiut University, Assiut, Egypt)

Abstract

How risk management technologies are implemented in developing countries is largely under-researched. Using a perspective on bio-politics, this paper dissects how an infusion of risk management technologies permeates as a powerful managerial tool in governing subordinates. The notions of power/knowledge relations, disciplinary power, and governmentality enabled the authors to rehearse the Foucault's biopolitics perspective in an analysis of risk-based rationalities and risk management technologies. Qualitative case study research methods guided them to gather empirical evidence from a privately owned, Egyptian insurance firm. They found that risk management technologies are conjoined with institutional and discursive ramifications in a developing country where burgeoning neoliberal economic remedies are being diffused and adopted. Further, risk management technologies go hand in hand with this ensuing neoliberal agenda, making it inescapable for organisational managers in such a developing country to adopt these technologies for their survival and sustainability.

Suggested Citation

  • Ahmed Diab & Abdelmoneim Bahyeldin Mohamed Metwally, 2021. "The Biopolitics of Transformation to ERM Technologies: A Case From Egypt," International Journal of Customer Relationship Marketing and Management (IJCRMM), IGI Global, vol. 12(4), pages 31-45, October.
    • Handle: RePEc:igg:jcrmm0:v:12:y:2021:i:4:p:31-45
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