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A Review of the Four Risk Management Strategies

In: Risk Management in Post-Trust Societies

Author

Listed:
  • Ragnar E. Löfstedt

Abstract

Risk management encompasses a series of strategies or models. Max Weber, for example, defines four risk management ‘ideal types’: (a) political regulatory process, including litigation; (b) public deliberation; (c) the technocratic /scientific perspective; (d) risk management on strict economic grounds.1 These ideal types can be represented graphically (see Figure 2.1). This graphic illustration originates from Parson’s description of society,2 which was then developed and refined by Ortwin Renn in a number of articles in the 1990s (the one published in German in 1996 is the most significant).3

Suggested Citation

  • Ragnar E. Löfstedt, 2005. "A Review of the Four Risk Management Strategies," Palgrave Macmillan Books, in: Risk Management in Post-Trust Societies, chapter 2, pages 15-33, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-50394-6_2
    DOI: 10.1057/9780230503946_2
    as

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