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Maniaci, Vincent – International Journal of Educational Advancement, 2004
Budgets operationalize the strategic planning process, and institutions must have surplus revenue to be able to cope with future operations. There are three approaches to generate surplus revenue: increased revenue, decreased cost, and reallocation of resources. Extending their earlier work, where they established strategic benchmarks for annual…
Descriptors: Higher Education, Educational Finance, Budgets, Strategic Planning