Developing Risk Management as New Concept to Manage Risks in Higher Educational Institutions: A New Concept to Understand, Manage the Risks, and Protect Reputation in the Institution

Ming-Chang Wu, Didik Nurhadi and Siti Zahro
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Ming-Chang Wu: National Yunlin University of Science and Technology, Douliou, Taiwan
Didik Nurhadi: National Yunlin University of Science and Technology, Douliou, Taiwan
Siti Zahro: National Yunlin University of Science and Technology, Douliou, Taiwan

International Journal of Risk and Contingency Management (IJRCM), 2016, vol. 5, issue 4, 42-52

Abstract: Generally, the higher education institutions and students have been significantly increased from year to years in order to meet the needs of global labor and develop the country's economy better. On the other hand, they also carry out teaching, research, community service, and commercial activities. This diversity of activities creates more risks diverse and complex as well as a wealth of opportunities for higher education institutions. A solution considered is by implementing the risk management as a new concept to understand and manage the risks associated with those activities and making new opportunities, is challenging and critical to preserving and protecting reputation, and resources of institutions. This article discussed the importance of the role of risk management and to implement a risk-management program in higher education institutions that have high expectations as a world-class education institution. The risk-management program is also more optimal if it supported by a good communication between all leaders and staffs in the organizational environment.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jrcm00:v:5:y:2016:i:4:p:42-52

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International Journal of Risk and Contingency Management (IJRCM) is currently edited by Narasimha Rao Vajjhala

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