This document addresses questions recognized as of great importance in the realm of college and university administration, questions of the governing boards responsibilities, and liabilities with respect to the management of risk within its educational community. Emphasis is placed on insurance and risk management, higher education and risk,…

The style of management in higher education has changed significantly in recent decades. The groups that have demanded, and in most cases been given, a share in the governance of the institution are the administration, the faculty, the students, and the non-faculty staff. The problem arises in implementing the claims for a share of authority. Some…

Management planning is a body of concepts and techniques designed to facilitate the analytical and forecasting processes within a department, to increase the decision-making prerogatives of the department director within predetermined guidelines, and to encourage and reinforce communication both among the departments and between the departments…

Business officers should function as members of institutional management teams whose responsibilities include devising more effective ways to collect, present, and evaluate business and financial information for governing boards and academic administrators. The challenge is to find ways to encourage institutional administrations to consider the…

The conflict surrounding the administrator's attitude toward change arises from the paradoxical positions that change is inherently good and necessary to avoid stagnation and, at the same time, the individual resists it unless he perceives a gain from the change. The propositions are equally true and can be reconciled, or at least understood, and…

The methods of management science have been increasingly helpful to colleges and universities in evaluating alternatives, both instructional and administrative, and in determining the most efficient allocation of their resources. This article discusses ways in which systems techniques can be used to support the humanistic efforts so highly valued…

The financial crunch hit the University of Minnesota after the 1971 legislative session, which appropriated for the 1971-72 and 1972-73 fiscal years and began an attempt at a new kind of budget planning process. It was a unique process in the institutional review of programs and in the setting of priorities for future growth and direction. There…

The business officer can contribute most to the managing of educational resources and can best provide input to the academic world by performing four tasks. The first task is assessing the general financial setting of the world and the country in which the institution exists. Secondly, in assessing and describing the economics of the institution…

In 1973, Ronald G. Lykins presented a model for cash management and analysed its benefits for Ohio University. This paper attempts to expand on the previous method by providing answers to questions raised by the Lykins methods by a series of simple algebraic formulas. Both methods are based on two premises: (1) all cash over which the business…

Administrators of higher education are facing a challenge and opportunity that parallels those faced by managers in American business. The economic situation presents a struggle to make ends meet as well as an opportunity to sharpen its role in society, to redefine its goals. Administrators in both fields are using management-by-objective theories…

Cost analysis for internal management of higher education institutions is of interest because of the steady state of higher education, concern over management practices, and the expectation that higher education institutions should be more responsive to social planning and public policy concerns and objectives. The nature of the institutions that…

Understanding the financial reports of colleges and universities has long been a problem because of the lack of comparability of the data presented. Recently, there has been a move to agree on uniform standards for financial accounting and reporting for the field of higher education. In addition to comparable data, the efforts to make financial…

The assumptions and the expectations of the budgeting systems in higher education are presented in an attempt to clarify the magnitude of the task of setting up a budgetary methodology. The assumptions of effective budgeting should be identical to the purposes of the institutions that are served. Developing a system around the acquisition,…

Academic planning in higher education is strongly influenced by business management theories and practices. The author questions the usefulness of this approach because the nature of higher education differs from the nature of a profit-making business. However, rational planning to achieve efficiency is relevant if efficiency is not confined to…

The National Association of College and University Business Officers has taken major strides toward meeting the responsibility for establishing accounting and public reporting standards within the field of higher education. The need for improvement in the reporting procedures has been generally agreed on. It is imperative that revision of the…