A guide to the management of financial resources in institutions of higher education. Following a review of the impact of a changing external environment, this work outlines an approach to the allocation of resources, namely: understanding sources of income, application of strategic considerations, and distribution to departments and faculties.
* What principles should be adopted when allocating financial resources within higher education institutions? * How do internal and external factors influence resource allocation systems and what impact do these systems have on institutional and individual behaviour? * How best should expenditure be monitored in universities and colleges?
This book provides a practical guide (from both departmental and central perspectives) to the management of financial resources in institutions of higher education. Following a review of the impact of a changing external environment, a three stage approach to the allocation of resources is outlined, namely: understanding sources of income, application of strategic considerations, and distribution to departments and faculties. Concepts of devolution and formula-based systems of allocation are considered in the context of the culture and structure of institutions, their impact on staff and the way in which institutional and individual behaviour patterns are affected. A concluding chapter summarizes themes relating to the management of change and highlights managerial implications.
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"...a most useful reference manual even to those with hands on experience of managing financial resources who need a reminder or an alternative approach to their practice.
Thomas and his co-authors cover a wealth of issues in a relatively short but valuable contribution to a library of higher education publications, notably short on financial management.
The book deserves the attention of all academics and administrators, wether experienced or new to strategic management and financial planning, who will find it a good read, and subsequently, a valuable reference for the topic. If you do not have a copy by now, go out and buy now." - Richard Mawditt
About Harold Thomas
Harold Thomas is an education consultant working in the UK and internationally on issues of policy advice and capacity building. He was previously a senior university administrator with responibilities in the areas of academic administration, strategic planning and financial management. His PhD is in the field of resource allocation.
Table of Contents
Introduction Environmental context Institutional issues The allocation process understanding the income The allocation process strategic and institutional considerations The allocation process the distribution process Monitoring Departmental perspective Consolidation Bibliography Index.
Managing Financial Resources by Harold Thomas
Used - Very Good
Open University Press
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