Sustainable functioning of educational institutions based on the risk-management implementation mechanism

Andrey Leonidovich Poltarykhin (), Valentina N. Ivanova () and Andrzej Szromnik
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Andrey Leonidovich Poltarykhin: Plekhanov Russian University of Economics, Russian Federation
Valentina N. Ivanova: K.G. Razumovsky Moscow State University of technologies and management, Russian Federation
Andrzej Szromnik: Cracow University of Economics, Poland

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 390-397

Abstract: The article considers the assessment of the effectiveness of the educational institution on the basis of the risk management implementation mechanism. Educational institutions have the right to independently establish the paths of their development, the methods and goals of their achievement, which has made them full-fledged subjects of a market economy. Increasing the freedom and independence of educational institutions has led to an increase in their responsibility for the results of their activities. Risk-oriented thinking enables the head of the educational institution to timely and competently detect risks, express their goals for managing them, establish ways to minimize them and build work to prevent them. The management process is effective if it meets the logic of the actual course of development, if the decisions made by the management entity are operational and meet the problem being solved, if the heads of educational institutions have the ability to assess the situation, predict risks and manage them.

Keywords: risk management; functioning; educational institutions; management strategy; prevention of managerial risks (search for similar items in EconPapers)
JEL-codes: Q16 Q18 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:390-397

DOI: 10.9770/jesi.2020.8.1(27)

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