IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v10y2019i4d10.1007_s13132-017-0468-y.html
   My bibliography  Save this article

A Risk Management Approach for the Internationalization of Higher Education

Author

Listed:
  • Bradley Beecher

    (The George Washington University)

  • Bernhard Streitwieser

    (The George Washington University)

Abstract

This paper analyzes how higher education institutions can utilize a framework for assessing the risks associated with international expansion initiatives. It makes an argument for why borrowing risk assessment frameworks from other disciplines can also be beneficial to higher education institutions. The riskiest form of internationalization—establishing an international branch campus—is used as a benchmark for assessing risks. A risk management framework developed for managing risks associated with global megaprojects is used to analyze key decision points senior leaders at higher education institutions may want to consider when deciding to expend scarce institutional resources to pursue an international higher education project. This paper finds that risks management models borrowed from the business discipline are adaptable for a higher education context. With few risk management models available to assess the risks associated with internationalization opportunities, the authors argue that more research is needed on the topic of risk so that senior leaders can make well-informed decisions about taking on riskier international education opportunities.

Suggested Citation

  • Bradley Beecher & Bernhard Streitwieser, 2019. "A Risk Management Approach for the Internationalization of Higher Education," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1404-1426, December.
    • Handle: RePEc:spr:jknowl:v:10:y:2019:i:4:d:10.1007_s13132-017-0468-y
    DOI: 10.1007/s13132-017-0468-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13132-017-0468-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s13132-017-0468-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Philip G. Altbach & Jamil Salmi, 2011. "The Road to Academic Excellence : The Making of World-Class Research Universities [El camino hacia la excelencia académica : la constitución de universidades de investigación de rango mundial]," World Bank Publications - Books, The World Bank Group, number 2357, December.
    2. Ben Wildavsky, 2012. "The Great Brain Race: How Global Universities Are Reshaping the World: With a new preface by the author," Economics Books, Princeton University Press, edition 1, number 9694.
    3. Jamil Salmi, 2009. "The Challenge of Establishing World-Class Universities," World Bank Publications - Books, The World Bank Group, number 2600, December.
    4. David J. Weerts & Justin M. Ronca, 2006. "Examining Differences in State Support for Higher Education: A Comparative Study of State Appropriations for Research I Universities," The Journal of Higher Education, Taylor & Francis Journals, vol. 77(6), pages 935-967, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhao Li & Yujing Chu, 2023. "Is Hierarchical Education Investment Synergistic? Evidence from China’s Investment in General and Advanced Education," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1522-1537, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chirikov, Igor, 2016. "HOW GLOBAL COMPETITION IS CHANGING UNIVERSITIES: Three Theoretical Perspectives," University of California at Berkeley, Center for Studies in Higher Education qt50g3t797, Center for Studies in Higher Education, UC Berkeley.
    2. Sohvi Heaton & David Teece & Eugene Agronin, 2023. "Dynamic capabilities and governance: An empirical investigation of financial performance of the higher education sector," Strategic Management Journal, Wiley Blackwell, vol. 44(2), pages 520-548, February.
    3. Mammadov, Rza & Aypay, Ahmet, 2020. "Efficiency analysis of research universities in Turkey," International Journal of Educational Development, Elsevier, vol. 75(C).
    4. Angela Yung-Chi Hou & Martin Ince & Chung-Lin Chiang, 2012. "A reassessment of Asian pacific excellence programs in higher education: the Taiwan experience," Scientometrics, Springer;Akadémiai Kiadó, vol. 92(1), pages 23-42, July.
    5. World Bank, 2020. "Improving the Performance of Higher Education in Vietnam," World Bank Publications - Reports 33681, The World Bank Group.
    6. Tommaso Agasisti & Ekaterina Shibanova & Daria Platonova & Mikhail Lisyutkin, 2018. "The Russian Excellence Initiative For Higher Education: An Econometric Evaluation Of Short-Term Results," HSE Working papers WP BRP 201/EC/2018, National Research University Higher School of Economics.
    7. Carlos Lavalle & Victor Luis de Nicolas, 2017. "Peru and its new challenge in higher education: Towards a research university," PLOS ONE, Public Library of Science, vol. 12(8), pages 1-12, August.
    8. De Filippo, D. & Casani, F. & Sanz-Casado, E., 2016. "University excellence initiatives in Spain, a possible strategy for optimising resources and improving local performance," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 185-194.
    9. World Bank, 2012. "Benchmarking the Governance of Tertiary Education Systems," World Bank Publications - Reports 21588, The World Bank Group.
    10. Tommaso Agasisti & Guo-liang Yang & Yao-yao Song & Carolyn-Thi Thanh Dung Tran, 2021. "Evaluating the higher education productivity of Chinese and European “elite” universities using a meta-frontier approach," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(7), pages 5819-5853, July.
    11. Bjørn Stensaker, 2018. "University Alliances: Enhancing Control, Capacity, and Creativity in Dynamic Environments," Voprosy obrazovaniya / Educational Studies Moscow, National Research University Higher School of Economics, issue 1, pages 132-153.
    12. Arega Yirdaw, 2016. "Quality of Education in Private Higher Institutions in Ethiopia," SAGE Open, , vol. 6(1), pages 21582440156, January.
    13. Adam, Edmund, 2020. "‘Governments base performance-based funding on global rankings indicators’: A global trend in higher education finance or a global rankings literature fiction? A comparative analysis of four performan," International Journal of Educational Development, Elsevier, vol. 76(C).
    14. Bonaccorsi, Andrea & Haddawy, Peter & Cicero, Tindaro & Hassan, Saeed-Ul, 2017. "The solitude of stars. An analysis of the distributed excellence model of European universities," Journal of Informetrics, Elsevier, vol. 11(2), pages 435-454.
    15. Daraio, Cinzia & Bonaccorsi, Andrea & Simar, Léopold, 2015. "Rankings and university performance: A conditional multidimensional approach," European Journal of Operational Research, Elsevier, vol. 244(3), pages 918-930.
    16. Hu, Juan & Liu, Hao & Chen, Yingxia & Qin, Jiali, 2018. "Strategic planning and the stratification of Chinese higher education institutions," International Journal of Educational Development, Elsevier, vol. 63(C), pages 36-43.
    17. M. V. Puchkov, 2022. "University Campus: Interrelations of Educational Technologies and Models of Architectural Space Formation," University Management: Practice and Analysis, Federal State Autonomous Educational Institution of Higher Education «Ural Federal University named after the first President of Russia B.N.Yeltsin»; Non-Commercial Partnership “University Management: Practice and, vol. 25(4).
    18. Saisana, Michaela & d'Hombres, Béatrice & Saltelli, Andrea, 2011. "Rickety numbers: Volatility of university rankings and policy implications," Research Policy, Elsevier, vol. 40(1), pages 165-177, February.
    19. D. Docampo & D. Egret & L. Cram, 2015. "The effect of university mergers on the Shanghai ranking," Scientometrics, Springer;Akadémiai Kiadó, vol. 104(1), pages 175-191, July.
    20. Benito, M. & Gil, P. & Romera, R., 2020. "Evaluating the influence of country characteristics on the Higher Education System Rankings’ progress," Journal of Informetrics, Elsevier, vol. 14(3).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jknowl:v:10:y:2019:i:4:d:10.1007_s13132-017-0468-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.