• Summary
  • Contents
  • Subject index

The incorporation of the further education sector in 1993 was followed by a period of extreme turbulence. Colleges plunged into the complex task of managing huge organizations while under pressure from cuts in funding and a steady expansion in the number and range of students. While financial scandals may have attracted attention, the success of the further education sector in continuing to provide a vital educational service for millions of people has been less recognized. Despite the significant contribution of the sector to education and training, practitioners struggle to find adequate research evidence on which to base reflection and practice. They need material relevant to the specific situation of managers working w

Managing Finance
Managing finance
The Context

There is an international search for a solution to the problem of financing the level and quality of vocational education and training required by the economy and demanded by individuals and employers. The pursuit has led to an international trend to shift the focus from the development of the curriculum per se to the development of a more cost-efficient means of delivering the curriculum to larger numbers of students from a wider range of backgrounds (Abrokwa, 1995; Gray and Warrender, 1993; King, 1993). This chapter focuses on the UK experience where two major mechanisms have been selected to achieve this goal: first, opening state-funded colleges to a market or quasi-market and, second, using the funding methodology as a lever to achieve ...

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