This book will provide readers with knowledge and understanding of the theory and practice of managing finance, resources and stakeholders in schools and colleges. Written specifically for those studying for an academic qualification at Masters level in educational management, it provides self-study material and links to other key texts in the field. The authors deal with the links between finance, resources and stakeholders in the context of school and college self-management. Examples are drawn from international settings as well as from the United Kingdom. Building on an examination of theoretical perspectives, practical considerations and applications are examined in a format which encourages the reader to explore the c
Chapter 1: The Significance of Finance, Resources and Stakeholders in Education
The Significance of Finance, Resources and Stakeholders in Education
Changes in the structure of public education systems around the globe during the last two decades of the twentieth century have resulted in new responsibilities for many educational managers. In particular, the effective and efficient management of finance and resources is now crucial for the success of individual institutions. At the same time, these changes mean that schools and colleges can no longer (if they ever did) regard themselves as ‘separate’ from their local communities and the various ‘stakeholders’ who have an interest, and often an investment, in the provision of high-quality education. The shift to more open enrolment and formula ...