RISK MANAGEMENT MODEL FOR RAJABHAT UNIVERSITIES IN THAILAND

Abstract

Abstract— This research endeavors to develop a tailored model of risk management for Rajabhat universities in Thailand, acknowledging the unique contextual challenges and cultural intricacies that influence these institutions. Employing a mixed-methods research design, the study integrates qualitative insights from interviews, focus groups, and a comprehensive literature review with quantitative data obtained through surveys. The research identifies key risk factors, current decentralized risk management practices, and stakeholder perceptions. Drawing on these findings, a unified risk management model is proposed, incorporating centralized governance structures, cultural competency training, and strengthened community engagement. An expert consultation and a pilot implementation validate the model's feasibility and effectiveness. Recommendations include phased implementation, faculty development in cultural competency, and continuous improvement mechanisms. The model aims to enhance the resilience and sustainability of Rajabhat universities by fostering a culturally sensitive and inclusive approach to risk management. This research contributes to the broader discourse on risk management in higher education, offering insights applicable to similar university contexts globally.