Risk management at educational institution

Natalya Suray, Elena Karpenko, Mayya Dubovik, Yury Shlyenov and Fedor Sterlikov
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Natalya Suray: K.G. Razumovsky Moscow State University of technologies and management, Russian Federation
Elena Karpenko: Plekhanov Russian University of Economics, Russian Federation
Mayya Dubovik: Plekhanov Russian University of Economics, Russian Federation
Yury Shlyenov: K.G. Razumovsky Moscow State University of technologies and management, Russian Federation
Fedor Sterlikov: K.G. Razumovsky Moscow State University of technologies and management, Russian Federation

Entrepreneurship and Sustainability Issues, 2019, vol. 7, issue 2, 1171-1184

Abstract: Educational institutions have the right to independently determine the paths of their development, the methods and goals of their achievement, which made them full-fledged subjects of a market economy. The public’s demands for the quality of education have increased, the technological side of education has been radically updated, the economic and organizational conditions of their activities are changing rapidly, competition in the educational services market is growing, and the state’s attitude towards the education system is steadily changing. Increasing the freedom and independence of educational institutions has led to an increase in their responsibility for the results of their activities. The transformation of the working conditions of the educational services market in the current conditions of socio-economic development of the Russian Federation actualizes issues that are closely related to risk management in educational institutions, because an increase in the independence of educational institutions entails an increase in managerial and, in particular, financial risks for erroneous decisions . In this regard, there is a need to search for effective risk management mechanisms, especially since today there is no universally recognized theoretical approach to the issue of risk management in the field of education.

Keywords: risk management; management; educational institutions; efficiency; implementation problems (search for similar items in EconPapers)
JEL-codes: J21 O33 O38 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1171-1184

DOI: 10.9770/jesi.2019.7.2(26)

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