Reducing dependence on big brother: Higher education looks for innovative funding opportunities
This paper presents innovative programs that business schools can utilize to reduce dependence on public funds. A review of the literature shows the theoretical and empirical foundation of higher education funding dilemmas. While higher education is moving towards a global ambition, scarcity hinders governments to fully support programs long-term; thus, cost-sharing and cost-shifting measures must occur for higher education to support current programs. In this study, we examine two universities (one U.S. and one UK.) and provide practical summaries of programs that have provided additional funds. We show that diversity of funding sources is essential for survival of higher education institutions. Market forces require competition to reduce higher education operational costs while providing students and corporate clients an a la carte educational experience.
KcKinney, R. E. Jr., Shao, L. P., & Tissington, P. A., (2010). “Reducing dependence on big brother: Higher education looks for innovative funding opportunities.” European Journal of Management, 10(3), 198-203.
Copyright © 2010 by the International Academy of Business and Economics. Reprinted with permission. All rights reserved.