Enterprise Risk Management in Private Higher Education in Botswana

A number of authorities in the field of enterprise risk management (ERM) consistently show that higher educational institutions in general show very little commitment to the implementation of ERM despite numerous enterprise risks these institutions face in their operations on a day to day basis. Private higher education institutions (PHEIs) are especially susceptible to a myriad of enterprise risks which include unreliable sources of revenue, low enrollments, high staff turnover, a highly regulated higher education environment, ad stiff competition for students and staff between higher education institutions among others. This book therefore is an investigation of how effectively private higher education institutions in Botswana implement ERM practices with regards to how they assess, respond to and monitor enterprise risk. A review of some of the theoretical underpinnings of enterprise risk management including examples of best practice is included in this book. It is concluded in this book and against best practice that ERM practices of private higher education institutions in Botswana are not effective enough to mitigate enterprise risk.