Higher education expert William F. Massy's decades as a professor, senior university officer, and consultant have left him with a passionate belief in the need for reform in America's traditional universities. In "Reengineering the University," he addresses widespread concerns that higher education's costs are too high, learning falls…

In colleges and universities, only an objective, comprehensive approach to financial planning and management can be expected to result in long-term financial equilibrium, strong investment performance, and success in achieving institutional objectives. A model integrating strategic financial management techniques and a five-step prudent investment…

Drawing on the authors' extensive experience at Stanford University as well as the work of others, this book offers the first systematic approach to fiscal and human resource planning at colleges and universities. It shows how decision models can and should become an integral part of the planning process. The uses and misuses of planning models in…

Computer models have greatly assisted budget planners in privately financed institutions to identify and analyze major financial problems. The implementation of such a model at Stanford University is described that considers student aid expenses, indirect cost recovery, endowments, price elasticity of enrollment, and student/faculty ratios.…

The critical importance of planning in higher education is addressed. The challenge to planning is seen not just as alleviating the current pressures, but in assuring that the traditions of independence, creativity, and intellectual excellence survive. The planning process at Stanford University is described. For the university, the process of…