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Overview
Resources in higher education steer colleges and universities both strategically and tactically. They drive incentives and accountability for faculty and staff while providing academics with the infrastructure they need in order to perform effectively. But while American colleges and universities remain the gold standard for worldwide higher education, Resource Management for Colleges and Universities argues that their decision-making cultures and business models are beset by serious flaws.
In this audacious book, William F. Massy writes that resource allocation in colleges and universities needs to become more responsive to academic mission, marketplace realities, and the requirements of financial sustainability. Such improvement is needed, he asserts, because few institutions currently have the evidence, know-how, and cultural capacity to take advantage of modern information systems and models. Luckily, today's academic resourcing models enable academic leaders and faculty to close the gaps and do a significantly better job of controlling costs and improving academic performance.
Massy describes three kinds of contemporary, comprehensive AR models: internal economic, external economic, and mission-market-margin. He explains how these models, if used correctly, support mission-critical academic decisions and reveals why they are game-changers for college and university management. Describing how real universities are using these models to understand their teaching and research revenues and costs and to predict changes needed in budget planning, Massy also provides numerous insights about how academic organizations function and how they can be induced to adopt needed changes.
Building on Reengineering the University, Massy's earlier book, Resource Management for Colleges and Universities will provide readers with the wherewithal, and the motivation, to fundamentally transform their institutions.
Product Details
ISBN-13: | 9781421437859 |
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Publisher: | Johns Hopkins University Press |
Publication date: | 06/09/2020 |
Pages: | 352 |
Product dimensions: | 6.00(w) x 9.00(h) x 1.08(d) |
Age Range: | 18 Years |
About the Author
Table of Contents
PrefacePrologue. Preview of ApplicationsPart One. Introduction to AR Modeling1. Changing the Conversation2. Getting into AR Models3. Building Trust in Your AR ModelPart Two. Full-Function AR Models4. Pilbara's Full-Function AR Model5. Historical Models and Operating Decisions6. Predictive Models and Scenario PlanningPart Three. Other AR Tools7. Comprehensive Program Review8. Universities as Mission-Driven Enterprises9. The Way ForwardAppendix A. Activity Analysis DetailAppendix B. Scoring Market Data with Fuzzy LogicNotesBibliographyIndexWhat People are Saying About This
Resource Management for Colleges and Universities provides practical information and tools to guide administrators and faculty in transforming institutional business models. Massy offers an examination of academic resourcing models coupled with advice on overcoming barriers, including academic culture, to achieve and accelerate change, making this book invaluable for anyone interested in strengthening academic mission and values.
Massy describes the latest models, practices, and guidelines for planning the future of a campus during this period of accelerating change. This book is the culmination of his life's work in establishing the common understanding and language for faculty, administrators, and stakeholders to engage in timely and informed conversations.
Massy understands higher education in a deep and respectful way. A wonderful writer, he draws on his deep and wide experience to deal with some of the most complex issues facing higher education today. This book is an important addition to the research and has practical implications for many campuses.—Patrick Sanaghan, The Sanaghan Group
Massy moves beyond the arguments for reengineering the decision making models and internal economics of colleges and universities and provides the 'how to.' He lays out a clear roadmap for change, proposing specific tools and methods that any institution can use to foster greater efficiency and academic excellence.—Paula Short, Senior Vice President for Academic Affairs and Provost, University of Houston
Massy describes the latest models, practices, and guidelines for planning the future of a campus during this period of accelerating change. This book is the culmination of his life's work in establishing the common understanding and language for faculty, administrators, and stakeholders to engage in timely and informed conversations.—Stephen Lehmkuhle, Chancellor Emeritus, University of Minnesota Rochester
A must-read for those who care deeply about how higher education institutions can operate more effectively to meet the evolving needs of twenty-first-century learners. Massy's book provides a practical guide for how the academic enterprise can transform itself to meet modern standards for data-driven decision-making and strategic resource allocation.—Maria Anguiano, Senior Vice President of Strategy, Arizona State University
Resource Management for Colleges and Universities provides practical information and tools to guide administrators and faculty in transforming institutional business models. Massy offers an examination of academic resourcing models coupled with advice on overcoming barriers, including academic culture, to achieve and accelerate change, making this book invaluable for anyone interested in strengthening academic mission and values.—Susan Whealler Johnston, President and CEO, National Association of College and University Business Officers (NACUBO)
A must-read for those who care deeply about how higher education institutions can operate more effectively to meet the evolving needs of twenty-first-century learners. Massy's book provides a practical guide for how the academic enterprise can transform itself to meet modern standards for data-driven decision-making and strategic resource allocation.
Massy understands higher education in a deep and respectful way. A wonderful writer, he draws on his deep and wide experience to deal with some of the most complex issues facing higher education today. This book is an important addition to the research and has practical implications for many campuses.
Massy moves beyond the arguments for reengineering the decision making models and internal economics of colleges and universities and provides the 'how to.' He lays out a clear roadmap for change, proposing specific tools and methods that any institution can use to foster greater efficiency and academic excellence.