21st Century Universities

Campuses Or Business Parks?

Authors

  • Amita Krautloher

DOI:

https://doi.org/10.32674/jcihe.v15i2.4684

Keywords:

university campuses, COVID-19, operating model, strategic management, post-COVID, teaching strategy

Abstract

The COVID-19 pandemic has caused massive disruption to business as usual across all industries, including education, and there is a growing consensus that the higher education (HE) sector may never go back to ‘business as usual’. While universities are now developing strategies for 2030, several management consultancies are projecting a very challenging HE landscape in the next decade. Suggestions, from the death of the normal university campus to shutdowns, mergers and collaborations are widely predicted including new opportunities for growth. University administrators should develop innovative strategic plans to address the challenges and harness the growth opportunities. Although other industries have faced such disruptions and have coped with responses such as partnerships and mergers, it may be time for universities to reconsider business models for the future. The strategies adopted in the aviation industry have been used to recommend a way forward for universities.

References

Baird, J. (2013). TEQSA and risk-based regulation: Considerations for university governing bodies. The Australian Universities' Review, 55(2), 72–79. https://files.eric.ed.gov/fulltext/EJ1016859.pdf

Bradley, D. (2020). Reinventing the university business model: opinion. https://www.campusreview.com.au/2020/09/reinventing-the-university-business-model/

Bradley, D., Noonan, P., Nugent, H., & Scale, B. (2008). Review of Australian higher education: Final report. Commonwealth of Australia. http://hdl.voced.edu.au/10707/44384

Charles Sturt University. (2022). CSU/WSU joint program in medicine. https://www.csu.edu.au/division/facilitiesm/projects/details/orange/csuwsu-joint-program-in-medicine

Croucher, G. & Locke, W. (2020). A post-coronavirus pandemic world: some possible trends and their implications for Australian higher education. https://melbourne-cshe.unimelb.edu.au/__data/assets/pdf_file/0010/3371941/a-post-coronavirus-world-for-higher-education_final.pdf

CUNY. (2021). Zero textbook cost guidelines. https://www.cuny.edu/libraries/open- educational-resources/guidelines-for-zero-textbook-cost-course-designation/

Department of Education, Skills and Employment. (2021). Job-ready graduates package. https://www.dese.gov.au/job-ready/improving-higher-education-students

Evans-Greenwood, P., O’Leary, K., & Williams, P. (2015). The paradigm shift: Redefining education. Centre for the Edge, Deloitte Australia. Google Scholar

EY. (2021). The peak of higher education – a new world for the university of the future. https://www.ey.com/en_au/government-public-sector/the-peak-of-higher-education

Gallagher, S., & Palmer, J. (2020). The pandemic pushed universities online. The change was long overdue. https://hbr.org/2020/09/the-pandemic-pushed-universities-online-the-change-was-long-overdue

Healy, J. (2015). Graduating into a weak job market: why so many grads can’t find work. The Conversation. https://theconversation.com/graduating-into-a-weak-job-market-why-so-many-grads-cant-find-work-45222

Howard, J.H. (2021). Rethinking Australian higher education: towards a diversified system for the 21st century. https://www.howardpartners.com.au/rethinking-higher-education.html

Kesharwani, A. (2020). Do (how) digital natives adopt a new technology differently than digital immigrants? A longitudinal study. Information & Management, 57(2). https://doi.org/10.1016/j.im.2019.103170

KPMG. (2020). The future of higher education in a disruptive world. https://home.kpmg/xx/en/home/industries/government-public-sector/education/the-future-of-higher-education-in-a-disruptive-world.html

Lester, M. (2018, June 27). How online can learn from the airline industry. Inside Higher Ed. https://www.insidehighered.com/digital-learning/views/2018/06/27/what-online-education-can-learn-airline-industry-opinion

Macquarie University. (2020). University operating plan 2020–2024. https://www.mq.edu.au/about/about-the-university/vision-strategy/operating-plan-2020-2024

OER Commons. (2021). Explore. Create. Collaborate. https://www.oercommons.org

OERu. (2021). Enabling education around the globe. https://oeru.org/

Productivity Commission. (2018). Skin in the game – education and workforce. https://www.pc.gov.au/news-media/news/education-and-workforce

Purcell, W.M., & Lumbreras, J. (2021). Higher education and the COVID-19 pandemic: navigating disruption using the sustainable development goals. Discover Sustainability 2(6). https://doi.org/10.1007/s43621-021-00013-2

PWC. (2020). Where next for tertiary education? How the COVID-19 crisis can be the catalyst to reboot towards a stronger sector. https://www.pwc.com.au/government/where-next-for-tertiary-education.pdf

Rubin, B. (2013). University business models and online practices: A third way. Online Journal of Distance Learning Administration, 16(1), n1. https://eric.ed.gov/?id=EJ1004008

Sammut-Bonnici, T., & Galea, D. (2014). PEST analysis. In Wiley Encyclopedia of Management Online.

SIA Partners (2018). Partnerships between airlines: the strategy to win the Asian market. https://www.sia-partners.com/system/files/document_download/file/2020-06/siapartners_partnerships_between_airlines_the_strategy_to_win_the_asian_market.pdf

Thatcher, A., Zhang, M., Todoroski, H., Chau, A., Wang, J., & Liang, G. (2020). Predicting the impact of COVID-19 on Australian universities. Journal of Risk and Financial Management, 13(9), 188. https://www.mdpi.com/1911-8074/13/9/188

Additional Files

Published

2023-05-26

Issue

Section

Empirical Article

How to Cite

21st Century Universities: Campuses Or Business Parks?. (2023). Journal of Comparative & International Higher Education, 15(2), 17-33. https://doi.org/10.32674/jcihe.v15i2.4684