Do Indian Higher Educational Institutions (HEIs) Require an ABM Framework? – A Study
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Abstract
The Higher Educational Institutions (HEIs) in India are drifting through a state of financial paroxysm. This condition is chiefly attributed to the growing budgetary shrinkage in terms of fund allocation by the government together with the emergence of private players. It further adds vulnerability and threats to the existence of not only to those institutions that heavily rely on the grants received by the central or state government and funding bodies like UGC, but also to the self-financed institutions, competing intensely on price front. The existing framework for cost management in most of the universities in India is continuously challenged to ensure the appropriateness of information needed to navigate the current crises. This paper aims to design a framework for implementing Activity-Based-Management (ABM) System in University Level HEIs of India for managing performance effectively. Findings of the study identify the requirement of a robust cost control mechanism and justify the appropriateness of ABM model for HEIs in India. The study further ensures the possibility of developing an ABM framework for HEIs. Finally, a conceptual design of ABM framework for HEIs in India has been proposed. All Stake Holders of HEIs could benefit from the study advanced in the paper in that it offers a cost control mechanism in the form of ABM for managing performance effectively in HEIs of India.
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