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

Financially Sustainable University and Building Regional Knowledge Economy Evidence from the U.S. PDF Author: Salisu Abdullahi
Publisher:
ISBN:
Category :
Languages : en
Pages : 41

Book Description
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

Universities in the Knowledge Economy PDF Author: Paul Temple
Publisher: Routledge
ISBN: 1136499083
Category : Education
Languages : en
Pages : 287

Book Description
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

The Capitalization of Knowledge PDF Author: Riccardo Viale
Publisher: Edward Elgar Publishing
ISBN: 1849807183
Category : Business & Economics
Languages : en
Pages : 369

Book Description
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

Financial Sustainability in US Higher Education PDF Author: Marcel J. Dumestre
Publisher: Springer
ISBN: 1349949833
Category : Education
Languages : en
Pages : 180

Book Description
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

Knowledge and Money PDF Author: Roger L. Geiger
Publisher: Stanford University Press
ISBN: 0804749264
Category : Education
Languages : en
Pages : 670

Book Description
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.

Universities as Facilitators of Sustainable Regional Development

Universities as Facilitators of Sustainable Regional Development PDF Author: Sabine Sedlacek
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description
The question of how universities do stimulate regional economic development is mainly inquired in studies focusing on innovation and entrepreneurship. In these studies universities are seen as important actors within regional innovation systems (RIS). Within these RIS universities fulfill besides their training and education (human capital) function a knowledge production and transfer function. Studies on sustainable regional development are additionally focusing more and more on governance issues and the role of different stakeholders within governance networks and their ability to contribute to a more sustainable development at the regional level. Universities are important governance stakeholders, since their administrators and faculty members are eligible partners for regional governments. Here it is mainly their research capacity which is often used for expertise, e.g. to contribute to regional economic development plans. The role of institutions in fostering sustainable development at the regional level gained, especially in Europe, major importance since multi-level governance (MLG) is the number one concept in the European Union regional policy. The focus on institutional cooperation and how this network cooperation leads to a more effective implementation of sustainable development is the subject of several research agendas focusing on governance for sustainable development. There is a lack of knowledge and expertise with respect to the links between certain institutions and the broader society, and hence their ability to foster sustainable regional development. In this regard universities can serve as facilitators between societal and other institutional actors. In order to fill this gap the question of how the sustainable policy implementation process could be supported by universities acting in partnership with other institutional actors will be addressed. We will introduce an analytical framework which would allow us to test hypotheses extracted out of existing theoretical and empirical literature about universities as key actors in advancing sustainable development. The goal is to filter both factors enhancing sustainable development and obstacles and barriers that are hindering sustainable development.

Inside and Out

Inside and Out PDF Author: Robert Forrant
Publisher: Routledge
ISBN:
Category : Business & Economics
Languages : en
Pages : 200

Book Description
Two overarching questions permeate the literature on universities and civic engagement: How does a university restructure its myriad activities, maintain its academic integrity, and have a transformative impact off campus? And, who ought to participate in the conversations that frame and guide both the internal restructuring process and the off-campus interactions? The perspective of this book, based on research and projects in the field, is that long-term, sustainable social and economic development requires strategies geared to the scientific, technical, cultural, and environmental aspects of development. Much of the work in this volume challenges traditional university practices. Universities tend to reproduce a culture that rejects direct interaction across traditional academic department boundaries and beyond the campus. Yet, interdisciplinary work is important because it more aptly mirrors what is taking place in the regional economy as firms collaborate across manufacturing boundaries and community organizations and neighbourhood groups work to solve common problems. What is distinctive within the range of scholarship and practice in this volume is the inclination on the part of increasing numbers of professors on more and more campuses to collaborate across disciplinary lines. Universities must persist in the advancement of cross-community, cross-firm, and cross-institutional learning. The learning dynamics and knowledge diffusion generated by collaborative activities and new approaches to teaching can invigorate all phases of learning at the university. In this way, the university advances its activities beyond an indiscriminate approach to development, maximizes the use of its resources, and performs an integrative and innovative role in the cultivation of equitable and sustainable regions. The chapters in this book illustrate the strikingly different and exciting ways in which universities pursue education for sustainability.

Knowledge Economy, Development and the Future of Higher Education

Knowledge Economy, Development and the Future of Higher Education PDF Author: Michael A. Peters
Publisher: Brill / Sense
ISBN:
Category : Business & Economics
Languages : en
Pages : 292

Book Description
This book reflects on the post-war Western university and its discourses charting the crisis of the concept of the modern university.

Universities, Knowledge Transfer and Regional Development

Universities, Knowledge Transfer and Regional Development PDF Author: Attila Varga
Publisher: Edward Elgar Publishing
ISBN: 9781845429317
Category : Academic-industrial collaboration
Languages : en
Pages : 0

Book Description
The transfer of economically useful knowledge from universities to the regional economy has attracted the attention of academics. This book focuses on the geography of academic knowledge transfers, the mechanisms of these transfers with regard to academic entrepreneurship, and policy experience in university-based regional economic development.

Universities and the Global Knowledge Economy

Universities and the Global Knowledge Economy PDF Author: Henry Etzkowitz
Publisher: Burns & Oates
ISBN: 9780826479068
Category :
Languages : en
Pages : 0

Book Description
University and industry, up to now relatively separate and distinct institutional spheres, are assuming tasks that were formerly largely the province of the other in the development of new technologies. A new social contract is being drawn up between the university and the larger society, in which public funding for the university is made contingent upon a more direct contribution to the economy. Has economic development become a function of the university in addition to teaching and research? As the university crosses traditional boundaries through linkages to industry, it must devise ways to make its multiple purposes compatible with each other. The impetuses include: the industrial activities of individual academics in forming firms, which take on a collective force as they become Increasingly common; the organisational inititiatives of academic administrators in establishing procedures and administrative offices for university-industry relations...