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Prof. Mark Fenton-O'Creevy

Professor Of Organisational Behaviour

The Open University Business School

mark.fentonocreevy@open.ac.uk

01908 655804

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Biography

Professional biography

Mark Fenton-O'Creevy is Professor of Organisational Behaviour at The Open University Business School, where he has worked as an academic since 1997 

His research and scholarship is focused on four primary areas: -

1. He has recently turned to researching the ways in which ignorance is produced, reproduced, and used in organisations. This includes studying the avoidance of uncomfortable knowledge, organisational silence and non-learning, in UK policing.

2) He studies the ways in which business and management practices develop and are transformed or corrupted within businesses and organisations. Particular interests include the transfer of HR practices between different national settings and the professional practices of traders in investment banks.

3) He is a founder member member of an EPSRC/ESRC/NERC funded network on Challenging Radical Uncertainty in Science, Society and the Environment (CRUISSE) a collaboration between leading UK universities and major companies, NGOs and government agencies focused on high impact decision-making in contexts of  radical uncertainty. He has a long standing interest in the work, behaviour and performance of professional traders and the role of emotion in financial decision-making for traders and investors. This has more recently turned to a broader interest in the psychology of financial behaviour and in bringing together insights from the social sciences and technology to provide support for effective financial decision-making and decision-making under radical uncertainty more broadly. 

4) He has a profound interest in the relationship between formal and informal learning. He spent five years running a Centre for Excellence in Teaching and Learning the Centre for Practice-Based Professional Learning (http://cetl.open.ac.uk). His book on "Learning in Landscapes of Practice" with Etienne Wenger-Trayner, Beverly Wenger-Trayner, Chris Kubiak and Steve Hutchinson, builds on Etienne's prior work on communities of practice and the work of the OU Centre for Practice-Based Professional Learning. This book has been cited around 800 times with many of these citations offering evidence of  the impact of the book in teaching practice.. He has co-directed  AACSB Seminars on Online and Blended Learning. From 2005 to 2010 he was Director of a government funded Centre for Excellence in Teaching and Learning - the Centre for Practice-based Professional Learning across four faculties of The Open University. He was awarded a National Teaching Fellowship in 2007 and was made a Senior Fellow of the Higher Education Academy in 2009.

Mark has led a varied career. He has at various times worked as a school groundsman, a commis chef, a mathematician in a government research establishment, an outdoor pursuits instructor, a teacher of mathematics, a therapist with emotionally disturbed adolescents, a management consultant, and latterly a business school academic.

His academic development has been equally varied. His first degree is in pure mathematics. Subsequently he studied psychotherapy and psychology before later taking an MBA and PhD at London Business School, where he joined the faculty to start his academic career. While his early research was firmly routed in the traditions of occupational psychology, he increasingly draws on other disciplines (primarily economics and sociology). His research on the role of traders in investment banks and management practices in multinational firms contributes to fields such as international business, behavioural finance, the sociology of markets, consumer behaviour, industrial relations, strategic decision-making and cognitive psychology.

He acts as a consultant to a range of organisations with a particular focus on change management and international HR management and on supporting and improving decision-making processes.

His radio and television appearances include on BBC Radio4's MoneyBox, Scottish Television's "Stopping Scotland's Scammers" and live on BBC1's "Right on the Money". He has acted as an academic advisor to BBC programmes: The Money Programme; documentary series 'Can Gerry Robinson Fix the NHS'; 'The Love of Money'; Escape from the Boardroom; and (with Adrian Furnham) created the 'Big Money Test for the BBC's LabUK and the Watchdog programme.

He has authored articles for the Financial Times and the Daily Telegraph and a wide range of magazines. His research blog can be found at Emotional Finance.

 

Research interests

Decision-Making, Radical Uncertainty, International Management, International HR, Financial Trading, Investment Psychology, Psychology of Finacial Behaviour,  Practice-Based Learning, 

Teaching interests

  • Organisational Behaviour
  • Human Resource Management
  • International Business and Management
  • Decision-Making
  • The Psychology of Finance

Impact and engagement

Mark's work on financial decision-making featured as a case study on research impact for the 2014 Research Excellence framework OUBS was rated 50% world leading and 50% internationally excellent). He has contributed to several BBC projects and high impact documentaries on management topics. He has co-designed (with Adrian Furnham) a study of psychological and emotional relationships with money, the Big Money Test, in collaboration with the BBC's LabUK and Watchdog consumer programme. Over 110,000 people participated in the study.

His podcast on iTunesU on "Money and Emotions" has been downloaded over 20,000 times.

A  collaboration with the BBC for the show "Right on the Money" led to 250,000 people engaging with an online diagnostic test he designed, with many going on to seek further help and support via the Money Advice Service website and the Open University MOOC on "You and Your Investments".

Academic Advisor for BBC2 documentary on the financial crisis Love of Money, 2009.

Academic advisor for BBC2 documentary series Can Gerry Robinson Fix the NHS, 2006/7.

Academic Advisor for BBC series The Money Programme, 2005 - 2008.

Mark has also acted as an advisor at a senior level for a wide range of companies and public sector organisations.

External collaborations

  • National Teaching Fellow
  • Senior Fellow of the Higher Education Academy
  • Review Board, Journal of Management Education
  • Member of Advisory Board, Essentia Analytics
  • Member of Board, The Case Centre

International links

  • Current and recent research collaborations with:-
  • University of Granada
  • University of Ulm
  • University of Augsburg
  • Blekinge Tekniska Högskola, Karlskrone, Sweden
  • International Centre for Numerical Methods in Engineering, Barcelona, Spain
  • Erasmus Research Institute of Management, Erasmus University, Rotterdam
  • Forschungszentrum Informatik, Karlsruhe, Germany
  • Saxo Bank, Copenhagen, Denmark
  • Norges Handelshøyskole, Bergen, Norway
  • Etienne Wenger, Grass Valley, California, USA

Publications

Book

Learning in Landscapes of Practice: Boundaries, identity, and knowledgeability in practice-based learning (2014)

Traders: risks, decisions, and management in financial markets (2004)

Book Chapter

Policing the pandemic: deciding and acting in the face of uncertainty and the unexpected (2024)

Intuition, expertise and emotion in the decision making of investment bank traders (2014)

Students at the academic workplace boundary: tourists and sojourners in practice-based education. (2014)

Bridging roles, social skill and embedded knowing in multinational organisations (2011)

A Practice-Centered Approach to Management Education (2006)

Benefitting from a multi-channel approach (2005)

Seeking success by involving workers (2002)

HR practice: vive la difference (2002)

Journal Article

Control of subsidiary HRM Policies by Multi-national Corporate Headquarters: The Role of Institutional Differences and Labor Unions (2025)

Religiousness and the Big Five factors in a large British sample (2025)

Who's Interested in Global Warming? (2025)

Who's Interested in Global Warming (2025)

Correlates of stock market investment (2024)

Money attitudes, budgeting and habits (2024)

Uncomfortable knowledge, the production of ignorance, and the trustworthiness of UK policing (2024)

Common Methodological Issues in Quantitative Management Education Research and Recommendations for Authors (2023)

Personality and wealth (2023)

Selecting futures: The role of conviction, narratives, ambivalence, and constructive doubt (2022)

Conviction, narratives, ambivalence, and constructive doubt: Reflections on six expert commentaries (2022)

Money attitudes, financial capabilities, and impulsiveness as predictors of wealth accumulation (2022)

Financial distress and money attitudes (2021)

Money Attitudes, Personality and Chronic Impulse Buying (2020)

Personality, ideology, and money attitudes as correlates of financial literacy and competence (2020)

Personality and political orientation (2018)

A Multilevel Analysis of the Use of Individual Pay-for-Performance Systems (2018)

Antecedents and consequences of chronic impulsive buying: Can impulsive buying be understood as dysfunctional self-regulation? (2018)

Is the disposition effect related to investors’ reliance on System 1 and System 2 processes or their strategy of emotion regulation? (2018)

Stock market investors' use of stop losses and the disposition effect (2017)

‘I understood the words but I didn’t know what they meant’: Japanese online MBA students’ experiences of British assessment practices (2016)

Sex differences in money pathology in the general population (2015)

Financial capability, money attitudes and socioeconomic status: risks for experiencing adverse financial events (2013)

Emotion regulation and trader expertise: heart rate variability on the trading floor (2012)

Thinking, feeling and deciding: the influence of emotions on the decision making and performance of traders (2011)

Measuring competing explanations of human resource management practices through the Cranet survey: cultural versus institutional explanations (2011)

Building the foundations of professional expertise: creating a dialectic between work and formal learning (2010)

Human resource management in US subsidiaries in Europe and Australia: centralisation or autonomy? (2008)

Diffusion of human resource management systems in UK headquartered multinational enterprises: integrating institutional and strategic choice explanations (2007)

Noise trading and the management of operational risk; firms, traders and irrationality in financial markets (2006)

Direct involvement, representation and employee voice in UK multinationals in Europe (2005)

Personality and domain-specific risk-taking (2005)

Diffusion of HRM to Europe and the Role of US MNCs: Introduction to the special issue (2005)

Pro-social behavior and job performance: does the need for control and the need for achievement make a difference? (2004)

Trading on illusions: unrealistic perceptions of control and trading performance (2003)

The Diffusion of HR practices within the multi-national firm: towards a research agenda (2003)

Traders, managers and loss aversion in investment banking: a field study (2002)

Knowing the risks: theory and practice in financial markets (2001)

Employee involvement and the middle manager: saboteur or scapegoat? (2001)

Employee involvement and the middle manager: evidence from a survey of organizations (1998)

Company Prospects and Employee Commitment: an Analysis of the Dimensionality of the BOCS and the Influence of External Events on Those Dimensions (1997)

Opening up the black box: a UK case study of top managers' attitudes to tbeir performance related pay (1996)

The middle manager: Friend or foe of employee involvement (1996)

Presentation / Conference

Investigating the role of ‘uncomfortable knowledge’ in failures to address longstanding problems harming the trustworthiness of UK policing (2023)

A game based approach to improve traders' decision-making (2015)

Antecedents and consequences of impulsive buying: can impulsive buying be understood as dysfunctional emotion regulation? (2012)

A learning design to support the emotion regulation of investors (2012)

Managing the heart of finance: domain specific emotion regulation in the work of financial traders (2011)

Report

Beyond prototypes: Enabling innovation in technology-enhanced learning (2013)

xDelia final report: emotion-centred financial decision making and learning (2012)

xDelia: D18-2.4.2 Learning Intervention Package - Development and Evaluation (Year 3) (2012)

xDelia: emotion-centred financial decision making and learning (final report) (2012)