Out of the frying pan: into the fire of post-global financial crisis (GFC) university management

Galbraith, Peter (2013) Out of the frying pan: into the fire of post-global financial crisis (GFC) university management. Higher Education Policy, 26 4: 523-550. doi:10.1057/hep.2013.12

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Author Galbraith, Peter
Title Out of the frying pan: into the fire of post-global financial crisis (GFC) university management
Journal name Higher Education Policy   Check publisher's open access policy
ISSN 0952-8733
Publication date 2013-12
Sub-type Critical review of research, literature review, critical commentary
DOI 10.1057/hep.2013.12
Open Access Status
Volume 26
Issue 4
Start page 523
End page 550
Total pages 28
Place of publication Basingstoke, Hants, United Kingdom
Publisher Palgrave Macmillan
Collection year 2014
Language eng
Formatted abstract
A downturn in enrolments of international students following the Global Financial Crisis is causing publicised stress among Australian universities that have come to rely on associated income. How to survive the financial consequences is currently receiving urgent attention within the sector. This paper models the problem of developing responses that position an institution to survive the crisis. Strategies such as lowering entry standards to increase enrolments, outlaying funds to prepare and attract new categories of student, and varying the proportion of ‘reduced’ overseas income used to service other university operations are explored. It emerges that temptations associated with the first and third of these should be avoided, while the second suggests a path worth pursuing. Of fundamental significance is recognition that managerial strategies of the past two decades have substantially led to the dependencies noted. Dealing with the problem needs to look at the whole spectrum of internal decision making.
Keyword University
GFC
International students
Funding crisis
Policy options
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Critical review of research, literature review, critical commentary
Collections: Official 2014 Collection
School of Education Publications
 
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Created: Wed, 27 Nov 2013, 11:25:39 EST by Claire Backhouse on behalf of School of Education