Introduction
In recent years, academic institutions worldwide have been confronted with unprecedented challenges. Survival issues have become the centerpiece of discussions in faculty meetings and boardrooms. In what have been previously depicted as “ivory towers,” down-to-earth questions have emerged: How can we be profitable? How can we grow enrollment? How can we better raise funds? How can we remain relevant?
Evidence of these new challenges includes increasing number of universities whose bond ratings were downgraded, increase in the number of private 4-year colleges that were closed or acquired, incidence of mergers, aggressive tuition cuts, selling of real estate, changing educational ...
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