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University as Business - Term Paper Example

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The author states that universities had major goals and missions to create knowledge, skills and adoptive education to the public and contribute to its social welfare but their goals and mission were superseded by individuals' interests, love for money, corruption…
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University as Business
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Download file to see previous pages The quality of education offered in many universities worldwide is being questioned by many federations of employers because many graduates that are hired don’t have the expert knowledge and skills in their specialization areas of study that help them strive in respective workplaces. The majority have good ‘degrees’ in which they are unable to defend when carrying out fieldwork or research.

Universities around the world were all founded on principles of knowledge, skills for the public interest and to contribute to the social welfares of individuals. However, today many institutions have taken a different path as they majorly focus on the quality of education they deliver but on the high number of students they admit and revenues gained from these high admission rates. Universities see their prosperity in terms of the number of students they admit and those that graduate yearly, leading to multiple trimester programs that focus on nothing more than the admission of the highest number of students and ensuring that they clear their studies and graduate within the shortest time possible. This has made it difficult for administrators, faculty representatives, students, and the general public to talk about educational changes and the community’s role of higher learning institutions in a democratic culture.

Due to the continuous increase in the inflation rate many universities and colleges have increased their tuition fees. They claim the increases are necessary because of losing the value of university grants majorly capitalized in common stock. A commercial firm selects the values that make the most of its revenues, regardless of variations in income; this case is comparable to many universities that give a much higher value to incomes than education. (Robert, 47-51).An increase in tuition fees reflects the circumstance that monetary uncertainty raises educations demand. Higher schooling costs today are forgoing salaries earned from jobs; the inferior one's occupation forecasts is, the additional sense it creates to move time to education from the employment market for the purpose of making oneself extra marketable. ...Download file to see next pagesRead More
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