Consideration of a wide variety of options in maximizing income and controlling expenditures is recommended for Australian universities. Although marketing, fund raising, investment, and other income-producers are possibilities, tight control of expenditures is seen as the most effective retrenchment strategy. (MSE)

Problems of "steady state" institutions and techniques of management that have implications for Monash University, Australia are considered. The term "steady state" is used to indicate a lack of additional funds being injected into the system to promote growth and/or development. A trend toward public accountability in higher…