D. K. Ghosh's 'Higher Education: Surviving the Era of Market Forces - A Global Perspective' offers a comprehensive exploration of the critical challenges and opportunities facing higher education institutions in today's rapidly evolving world. In a world increasingly driven by market forces, this book serves as an indispensable guide for universities seeking not just to survive but to thrive in this new era.
Driven by the pressure of resources and the priority need to introduce New Education for students, Universities need radical changes from Board Room to Class Room, this book begins by emphasizing the urgent need for universities to reinvent themselves in response to marketization. He outlines a roadmap that includes a wide range of initiatives, measures, and processes that institutions must undertake to stay relevant and effective. This practical approach to adaptation sets the tone for the entire book.
A central theme throughout the book is the formidable demands that universities face today. These demands encompass the heightened expectations of students who seek not just education but competitive facilities and experiences. Ghosh aptly points out that students today are discerning consumers, and universities must rise to meet their expectations. Furthermore, the book underscores the necessity for universities to adopt active and adaptable learning approaches to cater to the evolving needs of the labor market. With automation and emerging technologies reshaping industries, higher education must prepare students for an uncertain future.
Ghosh's global perspective is a notable strength of the book. He delves into the state of funding for higher education across the world, shedding light on the challenges institutions face. Importantly, he doesn't stop at highlighting the issues but offers forward-thinking solutions in the form of future funding models. By presenting these innovative ideas, Ghosh equips readers with the tools to envision a sustainable financial future for higher education.
In essence, 'Higher Education: Surviving the Era of Market Forces - A Global Perspective' is a timely and vital contribution to the discourse on higher education's future. Ghosh's meticulous research and insightful analysis provide a comprehensive framework for understanding the forces at play in the sector. The book offers actionable insights for educators, policymakers, and university leaders to navigate the tumultuous waters of marketization successfully. ERM is an emerging need for all universities which has been discussed in chapter 4. It needs to be read thoroughly to know in depth about it.
Overall, D. K. Ghosh's book is a must-read for anyone concerned with the future of higher education. It paints a clear picture of the challenges universities face, the evolving demands of students and the job market, and offers a hopeful vision for how institutions can not only survive but thrive in the era of market forces. Ghosh's work is a beacon of guidance in a rapidly changing educational landscape.