ERM in Higher Education Research Paper

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ERM in Higher Education

Abdullah, N. A. M., Zakuan, N., Khayon, M., Ariff, M. S. M., Bazin, N. E. N., &Saman, M. Z. M. (2015). Adoption of enterprise risk management practices in organization: A Review. Int. J Busi. Inf. Tech. Vol, 2(1).

This article majorly focuses on the use of enterprise risk management practices in various organizations. The author of this article gathered the current literature of ERM and explained them. It was found that in various new educational institutions, there is less acquisition of knowledge in ERM. This is because of the lack of subject matter expertise.

The article explains the findings from educational institutions in Malaysia and North Carolina State University. Solutions were found in various institutions across the world from China, Malaysia, and the US. The paper summarizes with a note that the success of any educational institution depends on the management, timely analysis, and reaction to any risks that may arise within the organization.

Ariff, M. S. B. M., Zakuan, N., Tajudin, M. N. M., Ahmad, A., Ishak, N., & Ismail, K. (2014). A framework for risk management practices and organizational performance in higher education. Review of Integrative Business and Economics Research, 3(2), 422.

It has been seen that this article is in agreement that enterprise risk management is essential for the survival of any organization. The paper explains that this is a unique situation in that the principles of ERM can also be applicable in the field of higher education. Therefore, the author of this article came up with a framework that seeks to manage the risks for the systems in higher education. Additionally, it is seen that this framework manages risks that emerge in higher education, including public university settings. Also, the structure offers solutions to these risks that are not generic.

Wu, M., Nurhadi, D., &Zahro, S. (2017). Developing Risk Management as New Concept to Manage Risks in Higher Educational Institutions. International Journal of Risk and Contingency Management (IJRCM), 6(1), 43-53.

This paper is seen to summarize the importance of ERM in higher education and the expectations that educational institutions should have from the ERM. Additionally, the article emphasizes the role of communication among leaders of all organizations and staff members involved in implementing a successful ERM solution to the educational institutions.

Moreover, the articles explain the current global challenges and online learning and their impact on student enrollment. From this information, it is therefore clear that the paper emphasizes the ERM is essential in the survival of education systems and public universities. The paper focuses on UK education systems.

Mustapha, W. M. W., &Abidin, N. H. Z. (2017). Internal Audit and Risk Management Practices among Public Universities in Malaysia.

The paper focuses on public universities located in Malaysia. It addresses the scenarios if best practices are neglected in ERM for higher education. The author compares a small city with a university and risk managers compared with the board of directors. It is seen that when ERM practices are neglected, a schools reputation, financial strength, and future endowments may be at risk.

Additionally, the survey was conducted from 20 different universities, and the responses statistically analyzed. It was found that higher education institutions are already involved in evaluating the effectiveness of the ERM process. However, newer public universities still have a challenge in developing these practices as compared to older universities.

Wessels, J. S., & Sadler, E. (2015). Risk management in higher education: An open distance learning perspective. Southern African Business Review, 19(2), 74-98.

The article is seen to involve credible research in that there is strong evidence that has been explained regarding ERM in higher education. It is understood that the paper is related to educational institutions that offer open distance learning. Findings from this research are well taken care of. Moreover, there is the construction of solutions in that the content analysis of organizations is considered for the development of the ERM framework.

In the paper, the author offers two reading strategies, which are the hermeneutic and reproductive reading strategies. The solutions that are developed are essential in the promotion of the mission of these educational institutions so that they can meet their long-term goals. This is important in changing the higher education landscape.

Sum, R. M., &Saad, Z. M. (2017). Risk Management in Universities. In 3rd International Conference on Qalb-Guided Leadership in Higher Education Institutions (iQALB 2017).

The article precisely delivers an elaborate explanation of the importance of the ERM. This is achieved through the transformation of university programs. From the paper, it is seen that the program emphasizes the importance of risk management as one of the major roles of the higher education board of directors.

Additionally, the article explains the risks involved if risk management is neglected and what could be the importance when the risks are effectively managed. Therefore, the paper entails the core principles of risk management as a significant part of the basic cycles of higher education today.

Various steps have been identified that are important in mitigating the risk percentage. The higher education institutions discussed in this article are based in Malaysia and can be applied in any higher education institution in the world.

Lundquist, A. E. (2015). Enterprise Risk Management (ERM) at US colleges and universities: Administration processes regarding the adoption, implementation, and integration of ERM.

The paper entails the process of administration that involves the adoption, implementation, and integration of enterprise risk management. The study is seen to be conducted at Western Michigan University since it is a public institution of higher learning. The methodology used in this institution can be used in other educational institutions in the US.

Also, the article focuses on external factors such as institutional culture, which is vital in the decision making the process in the adoption of enterprise risk management in higher education. Therefore, the article aims to understand the various aspects that affect the decision-making process in effectively integrating ERM in higher education.

References:

Mustapha, W. M. W., &Abidin, N. H. Z. (2017). Internal Audit and Risk Management Practices among Public Universities in Malaysia.

Wessels, J. S., & Sadler, E. (2015). Risk management in higher education: An open distance learning perspective. Southern African Business Review, 19(2), 74-98.

Sum, R. M., &Saad, Z. M. (2017). Risk Management in Universities. In 3rd International Conference on Qalb-Guided Leadership in Higher Education Institutions (iQALB 2017).

Lundquist, A. E. (2015). Enterprise Risk Management (ERM) at US colleges and universities: Administration processes regarding the adoption, implementation, and integration of ERM.

Now that you have conceptualized your papers,developed a clear argument outline for your paper,conducted research on your topic and provided your annotated bibliographies,now it is time to create your finalpapers.
Overall Comments:
You must do the “thinking through” of the paper before you simply start writing your finalpaper:

It was clear that many of you still struggle with the difference between presenting information and creating an argument that uses literature to substantiate the argument that YOU are making.
Just because you are doing a literature review does not mean that presenting literature is sufficient. Many of students’ literature reviews read like expanded annotated bibliographies and there was no clear direction or argument embedded in the review.
Please make sure that your final papers are properly edited for clarity, syntax, flow and transitions.
Speaking of transitions, many of students fail to provide the reader with sufficient transitional statements between paragraphs and sections of the paper. In many of students’ papers, it was unclear the rationale for the order of the paper and how and why it was organized in a particular way. Remember the structure and form of the paper helps with building the argument for your paper and helping the reader “follow” your logic and intention throughout the paper.
It was also clear that many of students felt like just “giving literature” is sufficient to substantiating a claim or making an argument. It is not. You must have a reason and rationale for EVERYTHING that you put in your work and this reason must be clear to you and the reader.

This assignment must be YOUR OWN WORK! This is an individual assignment. Plagiarism detected in your work will result in a grade of zero for the entire paper.
Here are a few details about the overall research paper.

Please look at the attached rubric for details on how the paper will be graded.
You must reference at least two (2) peer-reviewed articles or papers that support your thesis statement and overall you need to include at least 7 resources for the whole paper.
The final paper must be at least 500 words in length(but NOT longer than 1000 words,DO NOT exceed 500 words by a material amount. Excessive words or too many references will NOT impress me.)
Most of your references may be from your annotated bibliography assignment.Please check the attached file forSynthesizing Multiple Sources to write a literature review.

If you are not sure how to identify peer reviewed papers or articles, please visit the following resources:

http://diy.library.oregonstate.edu/using-google-scholar-find-peer-reviewed-articles
http://libguides.gwu.edu/education/peer-reviewed-articles

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ERM in Higher Education Research Paper

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