Abstract
In the year 2010, 4-year public institutions of higher education in the USA had a noteworthy inversion in revenues. This was the first year in which public universities gained a greater amount of their operating revenues from student tuition and fees than from state allocations. In 1980, US public degree-granting institutions derived 44 % of their budget from state allocations. By 2010, that percentage had plummeted to 20 %. As budgets decline, universities and business schools intent on maintaining or increasing their prestige are often engaging in what has become known as “academic entrepreneurialism”—activities that generate income. For example, business schools are investing in online MBA programs to fund other ventures. Academic entrepreneurialism runs a considerable risk of compromising academic integrity.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Bok, D. (2003). Universities in the marketplace: The commercialization of higher education. Princeton, NJ: Princeton University Press.
College Board. (2007). A thirty-year look at college pricing reveals that rapidly rising prices are not a new development. Accessed March 4, 2016, from www.collegeboard.com/trends
Mortenson, T. G. (2012). State funding: A race to the bottom. Accessed September 16, 2015, from http://www.acenet.edu/the-presidency/columns-and-features/Pages/state-funding-a-race-to-the-bottom.aspx
National Center for Educational Statistics. (2003). Digest of educational statistics: Table 337. Accessed September 16, 2015, from https://nces.ed.gov/programs/digest/2003menu_tables.asp
National Center for Educational Statistics. (2013). Digest of educational statistics: Table 330-10. Accessed September 16, 2015, from https://nces.ed.gov/programs/digest/d13/
State Higher Education Executive Officers Association. (2014). SHEF: FY 2014: State Higher Education Finance. Accessed September 16, 2015, from http://www.sheeo.org/projects/shef-%E2%80%94-state-higher-education-finance
Zemsky, R. (2008). The rain man cometh—Again. Academy of Management Perspectives, 22(1), 5–14.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2016 The Author(s)
About this chapter
Cite this chapter
Miles, E.W. (2016). Critical Juncture IV: The State’s Reduction in Munificence. In: The Past, Present, and Future of the Business School. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-33639-8_15
Download citation
DOI: https://doi.org/10.1007/978-3-319-33639-8_15
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-33638-1
Online ISBN: 978-3-319-33639-8
eBook Packages: Business and ManagementBusiness and Management (R0)