Abstract
Public universities share several characteristics with business, for profit firms. They produce and sell (educational) services to “customers” for a price, and buy inputs with which to make products. Also not unlike business firms, costs and revenues discipline decisions and determine the long run viability of universities. Long run survival for public universities, like business firms, requires that current costs not exceed current revenues (Winston, 1996; 1999). Although, as Massy (2004) points out, “universities exist to produce value […] they must also wheel and deal in the marketplace” (p. 17). Disruptive resource instabilities, a condition generally experienced by many public universities globally, require adaptive strategies, often not dissimilar to the strategies employed by for profit firms. As explained by Winston (1996; 1999).
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Wagenge-Ouma, G. (2011). Responses to Resource Scarcity in African Higher Education. In: Teixeira, P.N., Dill, D.D. (eds) Public Vices, Private Virtues?. Issues in Higher Education, vol 2. SensePublishers. https://doi.org/10.1007/978-94-6091-466-9_15
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DOI: https://doi.org/10.1007/978-94-6091-466-9_15
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