Business Management

ISSN: 0861 6604-Print Edition
ISSN: 2534-8396-Electronic Edition

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  • Tsvetan Georgiev Tsvetkov
    ASSESSING MATURITY OF THE RISK MANAGEMENT SYSTEM IN HIGHER EDUCATION INSTITUTIONS
    JEL: М19, I21.
    Keywords: risk, risk management, maturity, maturity assessment, universities.
    Abstract: The article aims to seek answers to four research questions, focusing on the specifics, existing practice, available scientific publications on the issue of assessing the maturity of risk management in universities; the possibilities for creating the framework for developing a model adapted to university practice of assessing the risk management maturity. A framework for the development of a similar model is presented, envisaging the implementation of the following activities: identifying the specific features of risk management in universities; identifying risk factors specific to higher education institutions (HEIs); defining the attributes that will underlie the model description; analyzing some existing models for assessing the maturity level; creating a substantive model; adapting the model to the specific conditions; a pilot assessment when using the adapted model.
  • Evelina Parashkevova Velikova
    RISK MANAGEMENT IN HIGHER EDUCATION INSTITUTIONS IN BULGARIA – STATE AND PROSPECTS
    JEL: A2, O2, M10.
    Keywords: risk management, educational and scientific organisations, maturity of the risk management process.
    Abstract: The paper examines the main challenges facing universities in Bulgaria. It presents organisational issues of risk management in the higher education system and focuses on practices that need to be changed in order to implement risk management. Based on comparative content analysis, it identifies key areas that should be the subject of intervention in educational and scientific organisations in order to achieve efficiency, effectiveness and appropriateness of the process. The paper proposes solutions to improve risk management in the sector. It outlines guidelines for introducing a systematic approach to risk management in order to improve the organisational environment and operational management.

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  • Editor in chief: Prof. Borislav Borissov, DSc
  • Co-editor in chief: Prof. Krasimir Shishmanov, Ph.D.