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* What principles should be adopted when allocating financial resources within higher education institutions?
* How do internal and external factors influence resource allocation systems and what impact do these systems have on institutional and individual behaviour?
* How best should expenditure be monitored in universities and colleges?
This book provides a practical guide (from both departmental and central perspectives) to the management of financial resources in institutions of higher education. Following a review of the impact of a changing external environment, a three stage approach to the allocation of resources is outlined, namely: understanding sources of income, application of strategic considerations, and distribution to departments and faculties. Concepts of devolution and formula-based systems of allocation are considered in the context of the culture and structure of institutions, their impact on staff and the way in which institutional and individual behaviour patterns are affected. A concluding chapter summarizes themes relating to the management of change and highlights managerial implications.
List of contents
Introduction
Environmental context
Institutional issues
The allocation process
understanding the income
The allocation process
strategic and institutional considerations
The allocation process
the distribution process
Monitoring
Departmental perspective
Consolidation
Bibliography
Index.
About the author
Harold Thomas is an education consultant working in the UK and internationally on issues of policy advice and capacity building. He was previously a senior university administrator with responibilities in the areas of academic administration, strategic planning and financial management. His PhD is in the field of resource allocation.
Summary
A guide to the management of financial resources in institutions of higher education. Following a review of the impact of a changing external environment, this work outlines an approach to the allocation of resources, namely: understanding sources of income, application of strategic considerations, and distribution to departments and faculties.
