Risk as opportunity in schools: An economies of worth perspective

IMPACT: For policy-makers, this article highlights the need for governmental risk management (RM) policies to embrace leadership attributes at the individual level. A proactive RM culture and practices can only be triggered when senior leaders move beyond a compliance mindset and have the capacity to foster the RM values that are unique to their individual school profile. Given that their conceptions of risk are intricately connected to the values they believe to be at stake in their school, it is essential that school leaders are recognized and rewarded for their innovative contributions to societal value creation.