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Because then the goal changes from "raising your ranking by churning out well-prepared grads" to "making a quick buck". If the profit motive is present, making
by spiritplumber 12y ago
Because then the goal changes from "raising your ranking by churning out well-prepared grads" to "making a quick buck". If the profit motive is present, making a slow buck will always lose to making a quick buck as soon as people who only wear management hats show up.
- runeks 12y ago> Because then the goal changes from "raising your ranking by churning out well-prepared grads" to "making a quick buck" 1. Why is it about making a quick buck? Why can't it be a long term investment? 2. Why can't an institution have both these goals at the same time (make money, churn out well-prepared grads)? They aren't mutually exclusive.
- hackinthebochs 12y agoBecause thats not how the world operates. The financial system is structured such that it rewards year-over-year profits and punishes anything less. A for-profit institution is going to be beholden to investors. Incentives are a strong predictor of outcome.
- prostoalex 12y agoMost of the state institutions seem to be less concerned with "raising your ranking by churning out well-prepared grads" and more with "attracting enough students to pay for administrative and real estate overhead". At least with for-profit schools there's no motivation to over-build and over-hire.