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Challenges And Opportunities In Business Higher Education, Dale H. Shao, Lawrence Shao, Ralph E. Mckinney
Challenges And Opportunities In Business Higher Education, Dale H. Shao, Lawrence Shao, Ralph E. Mckinney
Ralph E. McKinney
The catchphrase “Today’s Challenges Lead to Tomorrow’s Opportunities” succinctly describes the environment currently relevant to the area of business higher education. The future of business higher education in the 21st Century will involve dramatic changes that will lead to a vastly different business education environment than we have today. By recognizing opportunities and preparing strategies to embrace these changes, business schools will be better able to prepare for what lies ahead. There will be new opportunities to try strategic initiatives that could not have been previously attempted. Business schools must look for new alternatives and utilize a proactive approach for …
Reducing Dependence On Big Brother: Higher Education Looks For Innovative Funding Opportunities, Ralph E. Mckinney Jr., Lawrence P. Shao, Patrick A. Tissington
Reducing Dependence On Big Brother: Higher Education Looks For Innovative Funding Opportunities, Ralph E. Mckinney Jr., Lawrence P. Shao, Patrick A. Tissington
Ralph E. McKinney
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 …