Independent Researcher, UK.
Research Article
World Journal of Advanced Research and Reviews, 2024, 23(02), 2075-2087
Received on 11 July 2024; revised on 19 August 2024; accepted on 21 August 2024
Higher education institutions, particularly private higher education institutions in the UK, are facing significant challenges related to capital and resource management, exacerbated by high enrolment rates coupled with low student retention rates. The effective management of financial and physical resources is crucial for sustaining institutional operations and achieving educational objectives. High enrolment places pressure on existing resources, while low retention impacts long-term financial stability and resource allocation. Understanding these issues is essential for developing strategies to balance enrolment and retention while optimizing resource use.
This study aims to analyze how private higher institutions in the UK manage their capital and resources in the context of high enrolment and low retention rates. It explores the impact of these challenges on resource management practices and identifies strategies that institutions use to address these issues. The research provides insights into the effectiveness of current resource management approaches and their implications for institutional sustainability and student success.
The research employs a mixed-methods approach, combining quantitative and qualitative data. A comprehensive review of institutional financial reports and resource allocation documents provides quantitative data on capital management. Qualitative data is gathered through interviews with key stakeholders, including administrative staff and financial officers from selected private higher institutions. The study also includes surveys of students to understand their experiences and perceptions related to enrolment and retention. Data analysis involves statistical techniques to assess the relationship between resource management practices and enrolment/retention rates, as well as thematic analysis to identify key issues and strategies from qualitative data.
The study reveals that private higher institutions in the UK face considerable challenges in managing their capital and resources effectively due to high enrolment and low retention rates. Key findings include that institutions with higher enrolment rates experience increased pressure on financial and physical resources, leading to difficulties in maintaining service quality and infrastructure. Resource allocation strategies focusing on short-term enrolment gains may negatively impact long-term retention efforts. Effective resource management practices, such as targeted financial planning and enhanced support services, are associated with better retention outcomes. Institutions adopting innovative resource management approaches, including technology integration and strategic partnerships, show improved ability to balance enrolment and retention challenges.
The findings highlight the need for private higher institutions in the UK to develop more robust capital and resource management strategies to address the dual challenges of high enrolment and low retention rates. Institutions should consider adopting comprehensive financial planning, investing in retention-focused initiatives, and leveraging technology to optimize resource use. Policy recommendations include enhancing funding models to better support resource allocation and encouraging collaboration between institutions to share best practices. By addressing these issues, institutions can improve their financial sustainability and enhance the overall student experience, leading to better educational outcomes and institutional success.
Capital Management; Resource Management; Enrolment Rates; Retention Rates; Private Higher Education; Financial Planning; Resource Allocation; UK Higher Education; Institutional Sustainability; Student Retention
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Oluwatobi Arikawe, Michael Olumide Edwards-Fapohunda and Paul Waite. Analysis of the issue of capital / resources management for higher institutions in the light of the problem of high enrolment and low retention rates: A case study of private higher institutions in the UK. World Journal of Advanced Research and Reviews, 2024, 23(2), 2075-2087. Article DOI: https://doi.org/10.30574/wjarr.2024.23.2.2536