World class University: A Managerial Perspective

Abstract

World-class university has grown rapidly in the past decades. Its mission has not only focused on the enhancement of educational opportunities for all, but in practice, being a world class university has become a significant source of revenues pouring in from various countries as evidenced in the American and European continents. Key indicators of success include average revenue per year, faculty-student ration, research-based income, publications in distinguished journals, and more importantly, the foreign student ratios. However, to maintain the world-class status, higher education institutions are facing challenges of adherence to their core purpose and values as well as the strategic plan of quality assurance ranging from the administration, faculty, researchers, and supporting environment.