New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities

Autor/inn/en	bin Abdahir, Mohamad Riza; bin Wan Hussin, Wan Sabri; Rasiah, Ratneswary
Titel	New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities
Quelle	In: Asian Journal of University Education, 17 (2021) 4, S.117-131 (15 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1823-7797
Schlagwörter	Foreign Countries; Private Colleges; Entrepreneurship; College Administration; Administrative Organization; Leadership; Organizational Change; Educational Finance; Technology Uses in Education; Personnel Management; Student Recruitment; Organizational Development; Malaysia + Suchen Sie Ihr Suchwort? Ausland; Privathochschule; Unternehmungsgeist; College administrators; Hochschulverwaltung; Führung; Führungsposition; Organisationswandel; Bildungsfonds; Technology enhanced learning; Technology aided learning; Technologieunterstütztes Lernen; Personalmanagement; Organisationsentwicklung
Abstract	Higher education institutions (HEIs) are traditionally seen as society's robust institutions but are currently experiencing new difficulties as a result of shifts in both government and society's expectations of their roles as education providers. There is a global call for new models and practices which need HEIs in the private sector to develop what was once business-oriented management competencies. Hence this study addressed the global call for HEIs in Malaysia to be more entrepreneurial and explored the experiences of entrepreneurs who had ventured into the education industry with the aims of business diversification, capacity building, lifelong education and nation-building. The qualitative study explored the context of private universities in Malaysia which included the socio-historical background and experience of seven founders, and their management approaches in establishing their HEIs as successful, sustainable and respectable education providers. A grounded theory approach was adopted to gather data through in-depth interviews with the participants. Their emic perspectives of the challenges and opportunities experienced while managing their respective universities was analysed thematically. The findings revealed that new ventures into private higher education must be spearheaded by individuals with entrepreneurial leadership who would be able to develop and enhance the dynamic capabilities necessary for successfully managing a university. These leaders must also capitalize on the opportunities available and form a team of agile and resilient staff who can withstand and manage changes in the environment. The study also provides a guideline for managing private universities in a more cost-effective manner. (As Provided).
Anmerkungen	UiTM Press. Asian Centre for Research on University Learning and Teaching, Faculty of Education, Penerbit UiTM, Universiti Teknologi MARA, Bangunan Fakulti Pengurusan Hotel dan Pelancongan, 40450 Shah Alam, Selangor Darul Ehsan, Malaysia. Web site: https://ajue.uitm.edu.my/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01