Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-pftt2 Total loading time: 0 Render date: 2024-05-15T13:54:16.078Z Has data issue: false hasContentIssue false

3 - Practices That Amplified Cognitive Uncertainty at Organization Bank

Published online by Cambridge University Press:  10 January 2011

Alexandra Michel
Affiliation:
University of Southern California
Stanton Wortham
Affiliation:
University of Pennsylvania
Get access

Summary

Organization Bank took a different approach to managing cognitive uncertainty. When asked the same open-ended question about factors that were critical for a bank's performance, Organization Bankers said that banks fail when “people think of themselves as experts and don't realize that their knowledge doesn't apply to a new situation,” that “bankers develop these recipes for how to do things and forget that each situation is different,” and that “people put too much faith into what they think to be true.” Out of forty-two senior bankers interviewed, thirty-seven made reference to practices that involve uncertainty amplification. They said that banks succeed when they “continuously remind people of how little they know” and “create the ‘insecure overachiever,’ someone who compulsively doubts what they know all the time.” Because Organization Bank believed that general concepts could encourage a dangerous sense of cognitive certainty, it discouraged the abstract strategies, roles, and criteria that were encouraged at Individual Bank. Furthermore, Organization Bank actively created cognitive uncertainty, counteracting people's tendency to rely on abstract concepts by forcing bankers to attend to a broad range of concrete information and denying them abstract concepts to organize that information. None of the Individual Bankers mentioned anything resembling cognitive uncertainty amplification in their responses, and none of the Organization Bankers mentioned anything like cognitive uncertainty reduction.

This chapter describes how Organization Bank implemented its counterintuitive program of cognitive uncertainty amplification, exploring the same five practices of strategy formulation, role definition, training, staffing, and feedback.

Type
Chapter
Information
Bullish on Uncertainty
How Organizational Cultures Transform Participants
, pp. 61 - 92
Publisher: Cambridge University Press
Print publication year: 2008

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×