"Disruption"--while an evocative word triggering feelings of anxiety and perhaps even fear--also signals renewal and growth. The Higher Education (HE) sector in England has experienced some profound disruption over the years, and yet has emerged stronger and renewed in many ways. The impact of recent disruptive forces, from fees to the…

In the current and foreseeable harsh UK higher education environment, aspiring to best-practice financial management will be key to ensuring the prosperity--and indeed the survival--of any university. In this article I argue that good university financial management should provide stability to the institution, allow for investment as well as…

The accountants Grant Thornton (GT) do a welcome and nice piece of pro bono work by analysing the annual accounts of the UK's 160 (sic) HEIs and compiling a report on "The Financial Health of the Higher Education Sector"--this year entitled "The calm before the storm"! GT duly note that, if the US Department of Education's "ratio-based…

During the half century of the AUA's existence UK universities have experienced the fastest rate of growth and most far-reaching changes in their history. Funding arrangements in particular have changed radically. Since 1961 the finance office has been transformed from a small group of bean counters into a key management group at the heart of all…

Not for the first time in its history, the UK Higher Education sector finds itself in a position of significant financial constraint. The current coalition Government's actions to address the budget deficit have led to sweeping cuts across many public sector departments, but it is higher education that has seen the most draconian reduction in…

The two big events in higher education during 2010 were the implementation of the Equality Act, and the introduction of a new dispensation on fees and funding. The former is intended to promote equality, the latter is premised on the need for economy. In this article, the author focuses on the effect of the latter on the former. He considers this…

Higher education systems worldwide are currently facing a trio of competing challenges: increasing access and absorbing demand; promoting and safeguarding quality; and reducing and minimising costs to students, taxpayers and other investors. The growth of private (profit and not-for-profit) educational provision worldwide, in addition to other…

The UK higher education sector is facing a significant reduction in the level of public funding over the next few years. In August 2010 the Cabinet Secretary informed groups of vice-chancellors that they should prepare for cuts of 35% over the four years 2011-2015, the period covered by the next Comprehensive Spending Review. It is inevitable…

This article presents the first part of Professor David Eastwood's paper given as the AUA Annual Guest Lecture on October 24, 2007. He begins the article with some reflections on the distinctiveness and the self-referential self-confidence of higher education (HE) because he wants to torsion his later remarks against what he takes to be its…

This is Part 2 of Professor Eastwood's paper given as the AUA Annual Guest Lecture on 24 October 2007. In Part 1 he summarised the historical development of British higher education and reflected on five topics which appear to be settled in the HE debate: desirability of mass HE; desirability of sector diversity; a mixed economy for funding;…

Information and communications technologies are radically changing the way that teaching and learning activities are organised and delivered within higher education (HE) institutions. A wide range of technologies is being deployed in quite complex and interactive ways, including virtual learning environments (VLEs), mobile communication…

For the Netherlands and England, higher education (HE) is of particular importance. Their knowledge-intensive economies would not remain competitive without highly qualified human resources and innovative research. Despite the importance of higher education in public and political debate, both England and the Netherlands spend a lower percentage…

In this article, the author explores the features of the higher education (HE) industry (nationally and globally) in terms of an industrial economic analysis. Specifically, the author explores the following questions: (1) Can HE as an industry and HEIs as service-providers control costs in the absence of a free and genuinely/ruthlessly competitive…

This paper offers observations from an Association of University Administrators (AUA) study visit to Australia at a time of considerable hostility by some Vice-Chancellors towards the radical reforms implemented by John Howard's conservative Government. The team of ten senior managers, led by Ian Creagh of the AHUA/AUA International Committee,…

Sound financial management and financial stability are crucially important for universities operating in today's increasingly competitive and turbulent environment. Freedom of action is greatly enhanced if an institution is able to act opportunistically and invest in new initiatives, while healthy financial reserves help buffer the institution…