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Commercial activity in new university business schools: trends and predictions for the future
Author(s) -
Prince Christopher,
Beaver Graham
Publication year - 2004
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.661
Subject(s) - revenue , falling (accident) , higher education , unit (ring theory) , resource (disambiguation) , research assessment exercise , business , management , marketing , economics , accounting , economic growth , psychology , mathematics education , computer science , computer network , psychiatry
Commercial activity, or third leg activity as the Higher Education Funding Council for England (HEFCE) defines it, and the income it generates, is of increasing importance to all higher education institutions (DES, 2003; CEML, 2002). For new or modern university business schools in particular, the falling unit of resource attaching to HEFCE student teaching income and the virtual disappearance of research revenues as a result of the poor results in the 2001 Research Assessment Exercise (RAE), has combined to produce a scenario in which commercial activity is likely to be an increasing priority as business schools attempt to remain effective and solvent.Copyright © 2004 John Wiley & Sons, Ltd.