University culture and risk propensity

Abstract

This paper discusses the turbulent Canadian university environment that seems to be oriented toward change, and juxtaposes this with university culture that is oriented toward the status quo. The risk propensity of universities is explored, theorizing that university organizational culture is not inclined to undertake risky adventures. If the external environment continues to call for a more business-like approach and greater risk-taking, efforts will be required to foster an organizational culture that rewards, or at least does not discourage, change. This paper may be seen as both a “wake-up call” for university management and as an outline for future research.