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Open Access. Powered by Scholars. Published by Universities.®

2015

Western Michigan University

Dissertations

Colleges and universities

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Full-Text Articles in Education

Enterprise Risk Management (Erm) At U.S. Colleges And Universities: Administration Processes Regarding The Adoption, Implementation, And Integration Of Erm, Anne E. Lundquist Dec 2015

Enterprise Risk Management (Erm) At U.S. Colleges And Universities: Administration Processes Regarding The Adoption, Implementation, And Integration Of Erm, Anne E. Lundquist

Dissertations

The variety, type and volume of risks affecting higher education are numerous and the consequences for unmanaged risks and missed opportunities are more significant than ever before. In response, many institutions of higher education are adopting an Enterprise Risk Management (ERM) approach. External factors, as well as institutional culture, play a role in the decision to adopt ERM, as well as the path of implementation. Because higher education has unique characteristics that differentiate it from other organizations, particularly a shared governance structure, the adoption and implementation decisions, and resulting ERM frameworks, have aspects that make them unique to the higher …