Article2004

Perceived Risk and Risk Reduction Strategies in Study Abroad Programs

28 citations0/0 files storedJournal of Teaching in International Business

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International Student and Expatriate Challenges Higher Education Governance and Development International Business and FDI

Abstract

The study abroad program (SAP) meets the criteria of a risky purchase, namely of being non-tangible, possessing hidden qualities, being expensive and cannot being able to be tested prior to purchase. In fact, SAPs may score highly on a number of risk components, especially financial risk (expensive), psychological risk (anxiety), physical risk (safety), social risk (thought of as foolish) and performance risk (deliver valuable information, have fun, learn). The concept of perceived risk is applied to SAPs, as are risk reducing strategies (RRS) that faculty can employ to make the SAP a much less risky proposition.

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References

1994A Model of Perceived Risk and Intended Risk-Handling Activity 1960Consumer Behavior as Risk Taking 1999Consumer perceived risk: conceptualisations and models 1971Consumer Rankings of Risk Reduction Methods 1969Risk Taking and Information Handling in Consumer Behavior 1993Perceived Risk: Further Considerations for the Marketing Discipline 1972The Components of Perceived Risk 1964Perceived Risk and Consumer Decision-Making: The Case of Telephone Shopping

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2013Business Students' Choice of Short-Term or Long-Term Study Abroad Opportunities 2016Concerns and expectations of students participating in study abroad programmes: Blogging to reveal the dynamic student voice 2013Utilizing student affairs professionals to enhance student and faculty experiences and mitigate risk in short-term, faculty-led study abroad programs 2018This Is Not a Vacation: The Shadow Side of Study Abroad Programs for Faculty 2018Factors Affecting Students’ Preferences to Study Abroad Programs: A Case of Indian Business School Students

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