Reducing dependence on big brother: Higher Education looks for innovative funding opportunities

Ralph E. McKinney Jr., Lawrence P. Shao, Patrick A. Tissington

Research output: Contribution to journalArticle

Abstract

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 U.K.) 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.
Original languageEnglish
Pages (from-to)198-203
Number of pages6
JournalEuropean Journal of Management
Volume10
Issue number3
Publication statusPublished - Sep 2010

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