Higher Education in Competitive Markets: Literature on Organizational Decline and Turnaround

Abstract

ABSTRACTHigher educational institutions face fundamental challenges as they adapt to increasingly competitive markets. This literature review provides a context on markets, failure, and turnarounds, and discusses the literature on the shift of the higher educational industry into competitive markets. The literature on turnarounds in the corporate marketplace is reviewed, and followed by the literature on turnarounds in higher education. Finally, the review concludes with literature on the turnarounds of New York University and Northeastern University.