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DEVELOPING A STRATEGIC FINANCIAL PLAN FOR A MAJOR STATE UNIVERSITY: AN ANALYSIS OF THE FINANCIAL PLANNING OF THE UNIVERSITY OF MASSACHUSETTS AT AMHERST.

机译:为主要州立大学制定战略性财务计划:对麻省大学的财务计划进行分析。

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摘要

Higher education has moved into the decade of the 1980's facing complex problems, including demographic decline, cuts in federal financial aid, and in states' ability to provide additional revenues, which are forcing increasing institutional dependence on tuition as a revenue source. Inflation and the cost of keeping up with scientific and technological changes have driven up institutional fixed costs. Low salaries have made industrial research alternatives attractive to important scholars. These conditions have made traditional methods for obtaining a consensus on goals and missions increasingly difficult to apply.;Most existing literature on financial analysis and planning techniques is focused on small institutions rather than major research universities. The complex resource base and the interactions of the many constituencies on campuses make a single set of tools impossible to develop. For public institutions, state law and legislative processes add another complicating factor. Nevertheless, certain common issues, such as the vulnerability of institutions to demographic declines, the ability to use restricted funds to cover fixed costs, and the changes in resource allocation patterns must be addressed by every institution. The paper reviews the use of critical indicators as mechanisms for analysis of these kinds of issues and structures a methodology for building a strategic financial plan by examining environmental issues, reviewing financial conditions, and suggesting an approach to resource allocation that deals with both planning and constituency questions.;The paper concludes with a series of axioms about financial planning in universities, most importantly that financial considerations cannot be the only issues in planning. Judgment, leadership and willingness to focus on achievable objectives are the main ingredients to the success of planning.;The paper focuses on a strategy in a major research university for dealing with the financial implications of these issues, and using a strategic financial planning approach to examine the University of Massachusetts at Amherst and to suggest methods for setting and implementing financial objectives. Among the issues addressed are integrating environmental, academic and financial issues, analytic tools for measuring financial conditions and future objectives, budget strategy, and the political process surrounding decision making. Each is examined in the broader context applicable to universities and for the Amherst campus specifically.
机译:高等教育已进入1980年代的十年,面临着复杂的问题,包括人口下降,联邦财政援助减少以及各州提供额外收入的能力,这些都迫使机构越来越依赖学费作为收入来源。通货膨胀和紧跟科学技术变革的成本推高了机构固定成本。低薪使得工业研究的替代方案对重要学者具有吸引力。这些条件使得采用传统方法难以就目标和任务达成共识。越来越多的有关财务分析和计划技术的文献集中在小型机构而不是大型研究型大学。复杂的资源基础以及校园中许多选区的相互作用使得无法开发一套工具。对于公共机构而言,州法律和立法程序增加了另一个复杂因素。尽管如此,每个机构都必须解决某些常见问题,例如机构容易受到人口下降的影响,使用受限资金支付固定成本的能力以及资源分配方式的变化。本文回顾了关键指标作为分析此类问题的机制的使用,并通过研究环境问题,审查财务状况并提出了一种既涉及规划又涉及选区的资源分配方法,构建了构建战略财务计划的方法本文以关于大学财务计划的一系列公理结尾,最重要的是,财务考虑不能成为规划中的唯一问题。判断力,领导才能和专注于可实现目标的意愿是计划成功的主要因素。本文重点研究一所主要研究型大学的战略,以处理这些问题的财务影响,并采用战略性财务计划方法检查马萨诸塞州阿默斯特大学,并提出设定和实施财务目标的方法。解决的问题包括整合环境,学术和财务问题,用于衡量财务状况和未来目标的分析工具,预算策略以及围绕决策制定的政治流程。在适用于大学和阿默斯特校区的更广泛范围内对每种课程进行检查。

著录项

  • 作者

    STINE, GLEN R.;

  • 作者单位

    Harvard University.;

  • 授予单位 Harvard University.;
  • 学科 Education Higher.
  • 学位 Educat.D.
  • 年度 1983
  • 页码 137 p.
  • 总页数 137
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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