Mission and Money

Understanding the University

Business & Finance, Management & Leadership, Industrial Management, Nonfiction, Reference & Language, Education & Teaching
Cover of the book Mission and Money by Burton A. Weisbrod, Jeffrey P. Ballou, Evelyn D. Asch, Cambridge University Press
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Author: Burton A. Weisbrod, Jeffrey P. Ballou, Evelyn D. Asch ISBN: 9781316098776
Publisher: Cambridge University Press Publication: September 8, 2008
Imprint: Cambridge University Press Language: English
Author: Burton A. Weisbrod, Jeffrey P. Ballou, Evelyn D. Asch
ISBN: 9781316098776
Publisher: Cambridge University Press
Publication: September 8, 2008
Imprint: Cambridge University Press
Language: English

Mission and Money goes beyond the common focus on elite universities and examines the entire higher education industry, including the rapidly growing for-profit schools. The sector includes research universities, four-year colleges, two-year schools, and non-degree-granting career academies. Many institutions pursue mission-related activities that are often unprofitable and engage in profitable revenue raising activities to finance them. This book contains a good deal of original research on schools' revenue sources from tuition, donations, research, patents, endowments, and other activities. It considers lobbying, distance education, and the world market, as well as advertising, branding, and reputation. The pursuit of revenue, while essential to achieve the mission of higher learning, is sometimes in conflict with that mission itself. The tension between mission and money is also highlighted in the chapter on the profitability of intercollegiate athletics. The concluding chapter investigates implications of the analysis for public policy.

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Mission and Money goes beyond the common focus on elite universities and examines the entire higher education industry, including the rapidly growing for-profit schools. The sector includes research universities, four-year colleges, two-year schools, and non-degree-granting career academies. Many institutions pursue mission-related activities that are often unprofitable and engage in profitable revenue raising activities to finance them. This book contains a good deal of original research on schools' revenue sources from tuition, donations, research, patents, endowments, and other activities. It considers lobbying, distance education, and the world market, as well as advertising, branding, and reputation. The pursuit of revenue, while essential to achieve the mission of higher learning, is sometimes in conflict with that mission itself. The tension between mission and money is also highlighted in the chapter on the profitability of intercollegiate athletics. The concluding chapter investigates implications of the analysis for public policy.

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