Faculty are hired for the long-term. In a age when the notion of proprietary information is disappearing, academic disciplines have been internationally open for decades. In addition, universities have a reward system where the president is paid about three times the average faculty member, four times the average employee, and five times an entry level employee - a sharp contrast with the 70 plus multiplier in large businesses. Finally, universities and colleges seek long-term results. The real measures involve institutional reputation, successes of graduates, and accomplishments of faculty which require more sophisticated qualitative assessments over long periods.
Investment is something to assure stewardship over the long-haul.
Plenty is wrong with many colleges. More than most realize, however, businesses can learn a great deal from higher education about management and leadership. This edition of the newsletter is prepared, as an internship project, under Dr. Nancy Moore's direction. Thanks to those faculty and administrators who aided the production of this issue of the newsletter through writings or through providing information.