Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)


A Conceptual Framework for Enterprise Risk Management in Malaysian Public Higher Education: Applications of Knowledge Management

Author(s): UmmuAjirah Abdul Rauf, Juhaini Jabar & Nusaibah Mansor

Malaysian higher education has been known as one of the major contributors towards the country's growth as they are striving towards knowledge-economy. Therefore, they also exposed to the risk due to inefficient in utilizing the government funds which resulted an input slacks. Hence, Public Higher Education (PHE) needs to implement Enterprise Risk Management (ERM). ERM has been recognized as one of the strategy or method in order to manage the risk across the organization and providing the solution. Thus, by implementing ERM, it will help the higher education to manage the risk. Nevertheless, there are very limited studies that focus on the implementation of ERM in Malaysian PHE specifically. Hence, the aim of this paper is to propose a conceptual framework for ERM in Malaysian PHE by adapting Knowledge Management and open system theory. This conceptual framework can be practiced as a guideline for quality accreditation in the future.

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