|Nabende D., Dan
|Hannah, Gidudu Lunyolo
|Henry, O., Dan, N., Sam, O., Francis, W., & Lunyolo, G. H. (2015). Risk Management on Financial Performance in Higher Institutions of Learning: a case study of uganda christian university, mbale campus.
|Risk Management is the application of proactive strategy to plan,
lead, organize and control the wide variety of risks that come into
the fabric of an organization daily and in the long term functioning.
Risk has a say in the achievement of our goals and in overall success
of an organization. Problem statement: A number of universities and
other higher institutions of learning are grappling with how to
manage risk in order to maximize firm value via the reduction of
costs associated with different risks. There is need for higher
institutions of learning to manage key causes of risk and probably in
that way also manage risks which have not been identified.
Objectives: The objectives of the study were to identify types of risks
faced by higher institutions of learning and to establish techniques
of managing the risks faced by higher institutions of learning.
Methodology: To achieve the objective of this study, the researchers
used descriptive research design with both qualitative and
quantitative approaches, interview guide for primary: from
secondary sources i.e from books, journals and online publications.
Purposive sampling was used to sample managers and simple
random sampling technique to sample support staff. Findings:
Researchers identified various risks like; strategic risk, financial
risk, legal risk, reputation risk operational risk and major project
risk faced by higher institutions of learning. The study concluded
that higher institutions of learning should in essence identify and outline common causes of risks and focus on
how to manage the key causes for the survival and accelerated
growth of their institutions. They can do this by stressing more
on sensitizing the students and staff through risk reduction, self
insurance and precautionary measures other than solely buying
|Annual International Conference
|Higher Institutions of learning
|Risk Management on Financial Performance in Higher Institutions of Learning: a case study of Uganda Christian University, Mbale campus