Business schools and resources constraints: A task for deans or magicians?

D'Alessio, Fernando A.; Avolio, Beatrice
October 2011
Research in Higher Education Journal;Oct2011, Vol. 13, p1
Academic Journal
One of the major challenges that face the deans of many business schools is obtaining funding for their academic operations and research to sustain world-class educational quality. Business schools raise resources in their own way, but ways of financing strongly vary when comparing educational institutions among world regions. The purpose of this article is to provide some reflections on the challenges deans face for properly financing a business school. Its focus is on the non-profit business school due to the classic philosophical aspects of education compared to the still controversial for-profit school. Six models for business schools with differing methods of financing are categorized. These different models of business schools introduce some reflections and possible strategies to address the financial challenges proposed. A sample of 31business schools worldwide was used. The main sources and uses of funds for business schools are discussed and the different challenges faced by deans, in North America, Europe, Latin America, and Asia, contrasted.


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