The business of schools: the application of strategic management theories to risk taking in decision making in public schools

Trimmer, Karen (2015) The business of schools: the application of strategic management theories to risk taking in decision making in public schools. In: Meanings and motivation in education research. Taylor & Francis (Routledge), New York, United States, pp. 179-191. ISBN 978-1-138-81027-3

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Abstract

Reasoned risk-taking has long been associated with governance mechanisms for organisations within business contexts. Research has been conducted in business contexts to develop theories of risk-taking that incorporate governance mechanisms and stakeholder mechanisms, including the experience of management. This chapter applies two of these theories, agency and stewardship theory, in the context of the public sector. In particular the environment of public schools is used to explore the problem of risk-taking in decision-making by school principals. Here, risk-taking is defined as when decisions are made that are not compliant with the regulatory framework, the primary governance mechanism for public schools in Western Australia. Such decisions involve risk as principals may be exposed to criticism for non-compliance with established policy when negative outcomes arise from decision-making. This creates a dilemma for principals who need to be able to respond to the locally identified needs within a school, and simultaneously comply with all State and Commonwealth departmental requirements.


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Item Type: Book Chapter (Commonwealth Reporting Category B)
Refereed: Yes
Item Status: Live Archive
Additional Information: Submitted version deposited in accordance with the copyright policy of the publisher.
Faculty / Department / School: Current - Faculty of Business, Education, Law and Arts - School of Teacher Education and Early Childhood
Date Deposited: 22 Jun 2016 00:34
Last Modified: 16 Apr 2018 04:26
Uncontrolled Keywords: risk-taking; decision-making; agency; stewardship
Fields of Research : 13 Education > 1303 Specialist Studies in Education > 130304 Educational Administration, Management and Leadership
Socio-Economic Objective: C Society > 93 Education and Training > 9305 Education and Training Systems > 930501 Education and Training Systems Policies and Development
E Expanding Knowledge > 97 Expanding Knowledge > 970113 Expanding Knowledge in Education
URI: http://eprints.usq.edu.au/id/eprint/27508

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