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| 1 |
ID:
110652
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| Publication |
2011.
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| Summary/Abstract |
As we write, the world is still in the grips of a financial crisis. Germany was one of the first countries to bail out a bank in July 2007. Then, in September 2007, the United Kingdom (UK) witnessed a run on a building society, Northern Rock, and the subsequent widespread nationalization of its banking sector. In the United States, the crisis led to a number of collapses among financial institutions, most famously Bear Stearns and Lehman Brothers, and the bail out of the insurance group, AIG, all in 2008.
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| 2 |
ID:
103380
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| Publication |
2011.
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| Summary/Abstract |
Mega-events present a special venue for the practice of risk management. This article analyses the management of security risks in the case of two sporting mega-events, the London 2012 Olympic Games and the FIFA 2006 World Cup in Germany. To what extent do strategies and practices of risk management resemble each other across events? And what explains similarities or differences in the tools of risk management observed in each of these cases? First, this article explores three theoretical explanations for the choice of particular policy tools or instruments. Second, it introduces the tools of government approach as a means of conducting a direct comparative analysis of risk management across political and organizational settings and over time. The tools used for security risk management at the two mega-events are then compared and the different logics of tool choice are evaluated. This analytical approach offers a basis for future comparative inquiry into tools of risk management used in public and private organizations. The empirical findings highlight the particular importance of national political systems in influencing tool choice.
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