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In Pursuit of Prestige - Strategy and Competition in U.S. Higher Education (Hardcover)
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In Pursuit of Prestige - Strategy and Competition in U.S. Higher Education (Hardcover)
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By almost any measure, higher education is a vital part of the U.S.
economy and society. Yet there is concern that the sector is
inefficient or ill equipped to adapt to a changing environment. The
information revolution, an aging population, demographic shifts,
and a declining fiscal base all present it with major challenges.In
Pursuit of Prestige describes the results of a two-year study of
higher education in the United States designed to shed light on
these issues. This volume examines higher education as an industry.
It focuses on how institutions serve four identifiable markets that
generate revenues (student enrollment, research funding, public
fiscal support, and private giving). They analyze higher
educational institutions' investment, pricing, and marketing
behaviors, and the nature of competition among schools. They review
the industry's basic conditions and market structure, then define
the three key dimensions--degree level, scope, and resource
allocation--by which institutions map out strategies for competing
for markets.The heart of the book is an analysis showing how these
strategies are carried out based on site-visit data from 26 highly
diverse colleges and universities. This broad sampling covers all
geographic regions of the country and every type of institution
from elite research universities to community colleges. The authors
then consider what strategies are possible in particular markets
and how they affect students and competing institutions. Their
conclusion draws out the implications of strategy and competition
for the various customers of the U.S. higher education industry.
Groundbreaking and genuinely exploratory in methodology.
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