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Research Collection Lee Kong Chian School Of Business

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A Sustainable Model For Business Schools, Howard Thomas, Kai Peters Jan 2012

A Sustainable Model For Business Schools, Howard Thomas, Kai Peters

Research Collection Lee Kong Chian School Of Business

The purpose of this paper is to provide insight into the financial models used by business schools, with a specific focus on the cost side of the model. The paper systematically looks at sources of revenue and areas of expenditure under different business school models. The paper finds that the faculty model used by many business schools, with the need to devote significant effort to generate academic publications, is very cost intensive and not efficient. The paper suggests that alternative models can be developed which would make business schools more financially sustainable. While there has been a lot of societal ...