Internationalization impacts universities and changes their core missions. Consequently, many western universities adopted a business model approach to deal with opportunities and challenges internationalization poses to their missions. Resulting from increased scrutiny from the public and policy makers on the ability of universities to…

Resources in higher education steer colleges and universities both strategically and tactically. They drive incentives and accountability for faculty and staff while providing academics with the infrastructure they need in order to perform effectively. But while American colleges and universities remain the gold standard for worldwide higher…

The changing landscape in higher education is increasingly forcing institutions to examine their long-standing business models and to start making changes. Leading those changes and overcoming internal resistance to them will require strong oversight from governing boards. What might an institution's review of its business model actually look…

Performance funding--the linking of allocation of resources to accomplishment of certain desired outcomes--is an idea that is once again finding favor with policymakers. It has intuitive appeal; what's not to like about paying for results? While it is a notion that makes common sense to most decisionmakers, it is an idea with a very checkered…

Financial stewardship by college governing boards too often stops at balancing the budget. That was the message two finance experts presented last week during the annual meeting of the Association of Governing Boards of Universities and Colleges. Furthermore, the yearly budget exercise can give trustees a misperception of their institutions'…

This document describes the performance funding mission resource requirements for public institutions of higher education in South Carolina. It opens with sections of the state code, as amended in 1993, that define the annual budget requests of higher education institutions and outline the requirements for performance funding. The guiding…

Southwest Missouri State University has approached the integration of planning and budgeting by focusing on short-term priority setting and using an eight-step model for evaluating decision alternatives. (MSE)