Redefining University Leadership for the 21st Century

Redefining University Leadership for the 21st Century

In a constantly changing economic environment, higher education institutions need to adapt in order to be relevant to their stakeholders and the society. The unpredictable landscape also demands a ...
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Budget Challenge

Pp. 89-93 (5)

Christina Chow and Clement Leung

Abstract

National governments are reducing their financial support to universities and are determined to tame the tuition tiger. They want financial transparency and universities to control their administrative costs as a priority. Zero-Based Mindset is a novel way of looking at cost efficiency through four zero-based approaches. Universities have to go beyond financial sustainability and include social and environmental performance to account for the full cost in doing business.

Keywords:

Triple bottom line, Zero-based Front Office, Zero-based Mindset, Zero-based Organization, Zero-based Spend, Zero-based Supply Chain.

Affiliation:

RMIT University Melbourne Australia.