The Role of Cost Assessment in Enhancing Charismatic Leadership Competence Based on Quadruple Helix Model

Abstract

The Quadruple Helix model approach, which integrates academia, business industry, community, and government, has outlined university-society relationships more clearly, particularly in strengthening charismatic leadership. Malaysia's economic growth has shown resilience despite facing economic challenges and global leadership struggles. To maintain this momentum, efficient and effective comprehensive management in national development planning and public expenditure will continue to be enhanced to foster sustainable economic growth. However, discussions on the role of cost assessment in enhancing charismatic leadership competence based on the quadruple helix model are limited. Therefore, this concept paper aims to elucidate the role of cost assessment in enhancing charismatic leadership competence based on the expectations of the quadruple helix model. The quadruple helix expectations through academia, business industry, community, and government will be explored from the perspective of cost assessment. There are four assessment techniques summarized within it aimed at making decisions regarding the use of costs or resources that can help improve the efficiency and effectiveness of program implementation, namely Cost-Effectiveness Analysis (CEA), Cost-Benefit Analysis (CBA), and Cost-Utility Analysis (CUA). Further research proposals that can be developed from this concept are related to specific studies using one of the cost assessments, such as Pre-School Program Cost-Effectiveness Assessment or Bachelor of Education Program Cost-Effectiveness Study. This concept has the potential for long-term development through collaboration with key players in the national financial training industry. Higher education institutions can take the opportunity to upgrade accounting course content or through courses that enhancing organizational efficiency and excellence.