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Introduction: A New Perspective on U.S. Higher Education
Studying Strategic Behavior in Higher Education
New Qualitative Data
Basic Conditions and Market Structure of the Higher Education Industry
Defining the Higher Education Industry
Four Key Revenue Markets
Student Enrollments
Research Funding
Public Fiscal Support
Private Giving
Other Revenue Markets
Institutional Objectives
Spending the Revenue: Basic Operating Costs and Discretionary Resources
Industry Structure, Conduct, and Performance
Characterizing Institutional Position and Strategies
Defining Reputation and Prestige
Investing in Reputation and Prestige
Institutional Mission and Degree Level Do Not Determine Strategic Type
Institutional Resource Allocation
Overall Comparison of P, PS, R, and PS-R Hybrid Type Institutions
The Carnegie Classification
Other Definitions of Prestige and Reputation
Institutional Position and Strategy in the Four Key Revenue Markets
Student Enrollments
Research Funding
Public Fiscal Support
Private Giving
Overview of the Four Key Revenue Markets
Relating Financial Health to Institutional Position and Strategy: Six Case Studies
The Concept of Financial Health
Revenues, Expenditures, and Resource Allocation
Stock of and Investment in Reputation and Prestige
Site Visit Examples
University A: Maintaining a Financially Healthy Prestige Equilibrium
University B: Growth and Savvy Management Support Successful Prestige Seeking.

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