Enterprise Risk Management in Maritime Education Institutions: Evidence-Based Intervention Framework for SUCs
This paper has examined the practice of enterprise risk management (ERM) within maritime educational institutions and formulated an intervention model to address the gaps as perceived by the institutions. The data collection was performed in a descriptive-comparative format, which involved the use of faculty from three maritime schools (A, B, and C). The descriptive statistics were used to evaluate ERM practices, and one-way ANOVA and Scheffe post hoc tests were applied to determine the significant difference between institutions and groups. The results indicated statistically significant differences in all four dimensions of risk management practices, which shows that there is unequal application of ERM processes in the institutions. It is noteworthy that School B had lower practice rates than the other two schools, School A and C, and especially in the case of risk assessment, risk evaluation, and risk communication. These findings indicate different degrees of maturity of institutional risk governance and imply the necessity of specific organizational interventions. In accordance with the empirical results, a comprehensive ERM intervention plan in the form of a structured training plan was offered. The suggested intervention framework may be utilized by SUCs to enhance compliance, accountability, and organizational resilience to support the quality and safety standards in maritime education.
