Journal of Education & Social Policy

Private Preschools’ Managerial Risk and Solutions to Risk Management
Yi-Gean Chen

Abstract
The low birth rate and a big change of early childhood education revolution have created many challenges for preschools in Taiwan. Although many preschools attempt to change operational strategies, they are hesitant to do so due to a lack of appropriate risk management and assessment tools in the research field of early childhood education in Taiwan and other countries. This study attempts to construct indicators of measurement for risk management of preschools, in order to assist preschool managers in the identification and business risk management. The researcher combines three risk management models, HHM, ERM, and RM5, with the research results of relevant enterprise-related studies and preschool management studies to develop the measurement of preschool management risk. Based on the results of literature analysis and the Delphi expert consensus method, the results show the 10 aspects of managerial risk involve the quality of teaching, workloads and knowledge sharing, changing early childhood education policies, environmental facility safety, management and leadership, finance, challenges from neighboring competitors, a kindergarten’s image, special characteristics and innovations, and human resources. The top 3 aspects in descending order of importance are: risk in human resources, risk in management and leadership, and financial risk. Three specific risk items in human resources top the chart, indicating that human resources are a high-priority item and preschool managers have to pay more attention to control, avoid, or solve risk in human resources. This study also indicates the 10 aspects of managerial risk can be detected through 53 specific risk items. Meanwhile, the corresponding risk management solutions are proposed in this study.

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