Worldwide, universities have recently been the object of large
reform processes, facing strong pressure not only from their
institutional environment to offer new programs and to adopt new
governance and management systems to keep up with the growing
competition in the higher education sector but also because of
calls for an increase in the efficiency and effectiveness of
academic institutions. The authors discuss the introduction of
managerial approaches of university governance and the effects on
the challenges and threats to treat universities like private
for-profit businesses.
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