Role of corporate strategy in global sustainability of higher educational institutions

Abstract

Higher education is a strategically important part of the education system in every country making a direct impact on the political, economic, social and cultural life. During the past decade, many countries in the world have made massive efforts to assure the quality in higher education striving for meaningful contribution to sustainability. Global tendency of higher education development is its change from elite to mass education when efforts to pursue quality in order to respond to the challenges of the knowledge-based society are shown up. In general there is a felt need for Higher Education and many people opt for it. Higher Education is not only considered in terms of better employment opportunities and better salary prospective. But it also means enhancement of contemporary knowledge of professionals enabling the sustainability of the society as a whole. Thus, sustainability challenges the current paradigms, structures as well as predominant practices in higher education, it also changes the roles of students and their teachers. The growing requirement for quality, internationalization and interdisciplinary requirements forces Higher Education to development and constant change.