Rethinking business models for 21st century higher education: a European perspective
Author
Faculty Advisor
Date
2015
Keywords
higher education, business models, managing change, international perspectives
Abstract (summary)
The late 20th century was an era of social, economic, technological, and political change, resulting in significant
shifts in the perception of enlightenment, knowledge, and education. The impact of these changes have become quite
apparent in higher education where there is now mounting pressure for faculty to deliver high quality education to an
internationally mobile cohort and where institutions are striving to attract funding, researchers, research grants, top
students, and teaching staff. To cope with the many challenges, new business models are needed. Introducing change,
however, is fraught with many problems; in particular, institutional barriers among disciplines, management
commitment, socio-economic factors, and cultural issues. In this paper, we take a look at and discuss three European
higher education institutions currently undergoing transformation—a British, a Finnish, and a Russian—to draw
attention to some of the inherent factors that higher education institutions face when they seek to implement new
business models to manage the competitive environment for higher education.
Publication Information
Lichy, J. & Enstroem, R. (2015). Rethinking business models for 21st century higher education: A European perspective. International Journal of Higher Education, 4(4), 119–127. doi:10.5430/ijhe.v4n4p119
Notes
Item Type
Article
Language
English
Rights
Attribution (CC BY)
