The Use of Business Principles In Higher Education

Jun 17th, 2015
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The purpose of this manuscript is to investigate the borrowing and use of three business principles, benchmarking, merit pay, and students as customers in higher education.

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The Use of Business Principles In Higher Education Stephanine Martin RodgersUniversity of MinnesotaThe purpose of this manuscript is to investigate the borrowing and use of three business principles, benchmarking, merit pay, and students as customers in higher education. This is accomplished by first looking into the borrowing of educational models. After which, the purpose of higher education and for-profit business is defined using a systems perspective. The infusion of business principles in higher education is directly linked to each institution's purpose and mission. Key Words: Strategic Human Resource Development, Organization Development, ChangeProblem StatementThe premise of this paper is that higher education and for-profit business are independent from one another. With this in mind, when is it prudent or wise to use business principles in higher education? For Br. Louis DeThomasis, President of Saint Mary's University of Minnesota, "Higher education is not a business but you have to apply business principles to educational institutions and its processes" (personal communication, April 16, 2003). The "George Mason Faculty Senate issued this statement, "education is a unique activity ?that differs markedly from both business and government. Universities are centers of free inquiry, free expression, open discovery, and dissent" (as cited in Denning, 2002, p. 1). Therefore, higher education is deemed separate from for profit business with its own traditions

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