Authors: Dusa Marjetic; Dusan Lesjak
Addresses: Ministry of Higher Education, Science and Technology, Kotnikova 38, SI-1000 Ljubljana, Slovenia, EU. ' International School for Social and Business Studies, Mariborska cesta 7, SI-3000 Celje, Slovenia, EU
Abstract: Higher Education (HE) in EU has been experiencing radical changes with the aim to make the Higher Education Institutions (HEIs) more responsive to society and to stimulate the transfer of knowledge in the triangle of research, education and innovation. Key obstacles are limited available financial resources. Thus, distribution mechanisms are needed, which will encourage economical and cost-effective use of resources at HEIs and stimulate them to achieve national strategic objectives. Widely used mechanisms for the allocation of public funds is a formula structured with a combination of elements and based on tariff groups, which should reflect the costs of HE.
Keywords: public funding; lump sums; tariff groups; education financing; knowledge transfer; R&D; research and development; innovation; financial resources; distribution mechanisms; economical usage; cost-effective usage; national objectives; strategic objectives; fund allocation; Slovenia; education management; higher education institutions; universities; KM; knowledge management.
International Journal of Management in Education, 2012 Vol.6 No.1/2, pp.56 - 73
Available online: 16 Nov 2011 *Full-text access for editors Access for subscribers Purchase this article Comment on this article