Higher Education’s Golden Opportunity

Christian Schierenbeck ()

Chapter Chapter 3 in Fixing Higher Education, 2013, pp 35-48 from Springer

Abstract: Zusammenfassung Chapter 2 offered a broad discussion of the productivity crisis in traditional higher education. Unfortunately, the mere fact that the current situation looks bleak does not necessarily imply that things could be better. After all, there might be some inherent characteristic in the business of delivering educational services that inevitably dooms this industry to ever declining levels of productivity. The purpose of this chapter is to dispel such myths and to show that there is indeed much room for improvement. The first section of this chapter acknowledges the substantial barriers to raising productivity in traditional higher education. The second section portrays the unlikely rise of for-profit institutions, which have thrived despite a hostile environment. The final section links the success of for-profit institutions to their strong productivity and uses their productivity advantage to offer a very rough estimate of the global productivity gap in higher education.

Keywords: High Education; Faculty Member; Private Equity; Accounting Cost; Productivity Initiative (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-00213-8_3

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DOI: 10.1007/978-3-658-00213-8_3

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