Financial risk management strategy for a business school: A case study of Namibia Business School
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Date
2016
Authors
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Publisher
University of Namibia
Abstract
The study explored financial risks faced by educational institutions in their operations. It focuses on how educational institutions identify, measure, monitor and manage the financial risks they are faced with and how the risk management strategy benefits the institutions. The main objective of the study was to study the nature and extent of credit and liquidity risks faced by Namibia Business School for the period between 2009 up until 2011. The study aimed to identify an effective risk management strategy to ensure the School’s competitiveness and sustainability.
Research work is based on a case study approach where interviews and survey were used to gather primary data, and a mixed method approach was used for data collection, data analysis and interpretation. The study was explorative in nature. The major findings of the research pointed out that NBS has been experiencing difficulties in collecting revenue and has adopted the UNAM risk management policies. The results echoes that by developing and implementing a formal and integrated risk management framework, an institution will hold a dynamic tool that can serve as a road map for identifying and managing risk exposures. However, a more customized strategy including the review of governance structure, introducing risk procedures and methodology manuals as well as creating a better risk awareness culture amongst staff will yield better results than a wider framework.
Description
A thesis submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration
Keywords
Namibia Business School, Financial risk management