01 Juni 2009

The Business of Higher Education in US

Timothy McGettigan
Professor of Sociology at Colorado State University
In recent years, colleges and universities have encountered increasing pressure to operate like businesses. As the logic goes, businesses must survive in a cut-throat climate of unfettered competition and thus their organisations need to be leaner, more efficient and more responsive to the needs of their customers than not-for-profit organisations, such as colleges and universities.
In the unforgiving crucible of free market competition, only the fittest businesses (for example, those that deliver the highest quality products at fair market value), will survive. Of course, the seemingly endless government bail-outs following the 2008 financial crash cast a dubious light on the above claims, nevertheless, the notion that higher education should embrace a more business-like organizational philosophy remains deeply entrenched.
Full report on the University World News site
Source: University World News, Issue No: 0078 31 May 2009

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