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Risk management at educational institution

Author

Listed:
  • 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)

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.

Suggested Citation

  • Natalya Suray & Elena Karpenko & Mayya Dubovik & Yury Shlyenov & Fedor Sterlikov, 2019. "Risk management at educational institution," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1171-1184, December.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1171-1184
    DOI: 10.9770/jesi.2019.7.2(26)
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    More about this item

    Keywords

    risk management; management; educational institutions; efficiency; implementation problems;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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