Sustainable Resource Allocation in Higher Education

Abstract

Higher education is crucial in moulding individuals and societies for a better future. This chapter examines vital aspects such as resource allocation, faculty development, student support, research and innovation, mental health, STEM education, attitude formation, and quality assurance. Effective administration requires sustainable resource allocation and faculty development to enhance instruction quality. Incorporating technology and mindfulness enrich students' experiences. Mental health support is vital for student well-being. Emphasizing STEM, life skills, and a positive mindset equips students for an evolving job market. Quality assurance ensures consistent education. Resolving these challenges allows higher education institutions to shape the future positively.

Dynamic capabilities and governance: An empirical investigation of financial performance of the higher education sector

“…Many higher education leaders, such as Dr. James J. Duderstadt, a former president of the University of Michigan, have noted publicly that too many resource allocation decisions have become overly mechanistic (Duderstadt, 2000). The National Association of College and University Business Officers (NACUBO) also has expressed concern about the lack of flexibility within internal allocation processes (Carnaghi, 2021). The existence of shared governance combined with high academic autonomy may make it difficult for universities to change quickly and/or on a large scale.…”