"Added Economic Value" Calculation for the Higher Education Providers' Services

International science and technology conference "Earth science"

Limarev, P.V.^1 ; Petrov, A.^1^2 ; Zinovyeva, E.G.^1 ; Limareva, J.A.^1 ; Chang, R.I.S.^2

Nosov Magnitogorsk State Technical University, Magnitogorsk, Russia^1

King's Own Institute, Sydney, Australia^2

关键词: Business entities;    Control mechanism;    Economic efficiency;    General methodologies;    International experiences;    Management systems;    Social development;    Strategic management;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/272/3/032147/pdf
DOI  :  10.1088/1755-1315/272/3/032147

来源: IOP

【 摘 要 】

In modern times, higher education and science have become national and international priorities and it is a significant factor in our social development. Growing competition in the market for education services is one of the key indicators which characterizes the current state of the industry. This situation leads to the necessity to find new ways to increase the economic efficiency of higher education providers who are constantly facing intensifying competition with each other. One of the most important control mechanisms of the economic efficiency of a higher education provider is added economic value. This parameter determines the position and behavior of the business entity in the market for education services and shapes the strategic management of the education provider. This paper presents the main strategies which are needed to increase the economic efficiency of education providers with emphasis on the development of international relationships. Despite the current social and political environment which has some influence on international cooperation in the higher education sector, education services has become an important part of the preserving and development of international cooperation between different countries. This article is aimed at enhancing the development of management tools for the economic efficiency of higher education providers as a business entity in the conditions of the global financial market and academic mobility. The main constraints to being able to fully manage the complexity of the economic efficiency of the higher education providers is the absence of a general methodology for the development of the economic efficiency of the management system, a lack of funding for research into the management of education providers and an underestimation of the practical benefits of the implementation of the use of management tools to increase their economic efficiency. For example, there is not enough research into the industry's best international experience. The authors have investigated the added economic value as a tool for the control of the economic efficiency of higher education providers in Russia and Australia.