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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Andrey Leonidovich Poltarykhin & Valentina N. Ivanova & Andrzej Szromnik, 2020. "Sustainable functioning of educational institutions based on the risk-management implementation mechanism," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 390-397, September.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:390-397
    DOI: 10.9770/jesi.2020.8.1(27)
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    References listed on IDEAS

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    3. Sergejs Hilkevics & Valentina Semakina, 2019. "The classification and comparison of business ratios analysis methods," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(1), pages 48-57, March.
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    More about this item

    Keywords

    risk management; functioning; educational institutions; management strategy; prevention of managerial risks;
    All these keywords.

    JEL classification:

    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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