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Financially Sustainable University and Building Regional Knowledge Economy Evidence from the U.S.

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Release : 2015
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Kind : eBook
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Book Synopsis Financially Sustainable University and Building Regional Knowledge Economy Evidence from the U.S. by : Salisu Abdullahi

Download or read book Financially Sustainable University and Building Regional Knowledge Economy Evidence from the U.S. written by Salisu Abdullahi. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: This research measures the empirical perspective that examines the growing prominence of universities in knowledge production and innovation for national and regional socioeconomic impact of university's 'third mission' thereby leading to revenue stream diversification and long-term financial sustainability. US colleges and universities in the last 3 decades have consistently achieved unquestionable scientific and prosperous global leadership unrivaled by any other industry in the United States. This is as a result of embarking on the “Third mission” for universities, and hence, repositioning national and regional economies to become engines for innovation, growth and knowledge production. A recent study by the Brookings institute (2012) showed that most U.S. patents of which have been consistently ranked 1st in the world for past decade, 63 percent -- are developed by people living in 20 metropolitan areas, that account for only 34 percent of U.S. population. This reflects the advantages of large metropolitan economies and how it influences knowledge production. (Denneen & Dretler 2013, Roessner, et.al 2012, WIPO 2013, Brookings 2013) This research attempts to measure the role of universities and their ability to create new and build on existing stock of knowledge through independent and collaborative research of which its spillover creates revenue for the university and serves as a nurturing ecosystem for businesses and individuals in that cluster. Hence fostering regional knowledge production and economic growth.

Universities in the Knowledge Economy

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Release : 2012-03-12
Genre : Education
Kind : eBook
Book Rating : 083/5 ( reviews)

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Book Synopsis Universities in the Knowledge Economy by : Paul Temple

Download or read book Universities in the Knowledge Economy written by Paul Temple. This book was released on 2012-03-12. Available in PDF, EPUB and Kindle. Book excerpt: Universities are fundamental to the contemporary knowledge economy. They directly and indirectly support economic growth in both developing and advanced economies. In addition to their traditional teaching and research functions, they often also have important roles in supporting regional development and urban regeneration, as well as involvement in fostering international relations, in , cultural developments and in enhancing social cohesion. While higher education institutions in many countries are often assigned key roles in economic and social policy prescriptions, exactly what those roles are and how they should be carried out are often unclear. Universities and the Knowledge Economy provides a much-needed theoretical and empirical analysis of these functions, taking a critical look at the complex connections between knowledge creation, the knowledge economy, and higher education today. This volume: Brings together work on these topics by international experts, reporting and analysing recent policy developments and research Shows the significance of the university’s role in the knowledge economy, and the precise roles that it can play. Presents a range of studies showing how universities interact with other knowledge producers and users, and how these interactions can be managed to achieve the most effective applications of knowledge Universities are multi-faceted institutions that everywhere are accorded special status. Universities and the Knowledge Economy examines how these institutions carry our knowledge production and application, and how their distinctive characters affect what they do. . This title is of both intellectual and operational relevance, and would be suitable for those interested in higher education and policy and practice, and in the theory of higher education. Paul Temple is Reader in Higher Education Management and Co-Director of the Centre for Higher Education Studies at the Institute of Education, University of London, UK.

The Capitalization of Knowledge

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Release : 2010-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 183/5 ( reviews)

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Book Synopsis The Capitalization of Knowledge by : Riccardo Viale

Download or read book The Capitalization of Knowledge written by Riccardo Viale. This book was released on 2010-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This book is an authoritative confirmation of the critical role that knowledge plays in economic transformation. It is an indispensable roadmap for new research programmes and a guidepost for policy makers around the world. Calestous Juma, Harvard Kennedy School, US How to use and capitalize knowledge for the benefit of society has become even more urgent in the present financial and economic crisis. This book embraces the tensions inherent in the complex governance of research and innovation. It argues for strategies appropriate to the behaviour of complex adaptive systems in an evolutionary mode, thereby highlighting in a timely manner the necessary fit between organizational forms and the epistemological structure of knowledge in the overall context of a fertile investment climate. Helga Nowotny, European Research Council, WWTF Vienna Science and Technology Fund, Austria In the 21st century, economic and social development depends increasingly on knowledge rather than labour and capital. This book examines how knowledge is exploited through the development of innovations that yield economic and other benefits. The authors, who include leading figures from the field of innovation studies, look in particular at the growing links between universities, government and industry and the evolving triple helix relationship as they attempt to develop more effective means for capitalizing on knowledge. The book will be of considerable interest to policy-makers and to senior managers in industry and universities as well as to innovation scholars. Ben Martin, University of Sussex, UK In recent years, university industry government interactions have come to the forefront as a method of promoting economic growth in increasingly knowledge-based societies. This ground-breaking new volume evaluates the capacity of the triple helix model to represent the recent evolution of local and national systems of innovation. It analyses both the success of the triple helix as a descriptive and empirical model within internationally competitive technology regions as well as its potential as a prescriptive hypothesis for regional or national systems that wish to expand their innovation processes and industrial development. In addition, it examines the legal, economic, administrative, political and cognitive dimensions employed to configure and study, in practical terms, the series of phenomena contained in the triple helix category. This book will have widespread appeal amongst students and scholars of economics, sociology and business administration who specialise in entrepreneurship and innovation. Policy-makers involved in innovation, industrial development and education as well as private firms and institutional agencies will also find the volume of interest.

Financial Sustainability in US Higher Education

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Release : 2016-09-23
Genre : Education
Kind : eBook
Book Rating : 833/5 ( reviews)

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Book Synopsis Financial Sustainability in US Higher Education by : Marcel J. Dumestre

Download or read book Financial Sustainability in US Higher Education written by Marcel J. Dumestre. This book was released on 2016-09-23. Available in PDF, EPUB and Kindle. Book excerpt: This book is a practical approach to insuring financial sustainability of US colleges, presented through the lens of organizational strategic thinking. The book does not simply offer models of how colleges can become financially sustainable in cost cutting, online education, international student recruiting, etc. Rather, it presents a succinct historical perspective of how foundational problems emerged, how some universities transformed themselves, and introduces an organizational strategic thinking process that can be used to develop unique solutions for almost any institution.

Knowledge and Money

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Release : 2004
Genre : Education
Kind : eBook
Book Rating : 264/5 ( reviews)

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Book Synopsis Knowledge and Money by : Roger L. Geiger

Download or read book Knowledge and Money written by Roger L. Geiger. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how market forces are profoundly affecting finance, undergraduate education, basic research, and participation in regional and national economic development at American universities.

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