Abstract
In an age of general and permanent evaluation of everyone and everything, the issue of finding measures and methods of measuring value has come to the fore. Evaluation (or measurement of value) has been a subject of a number of publications; a lot of methods (better or worse) of measuring the value of organisations and workstations have been devised. The purpose of the paper is to attempt to use radar charts to support the measurement and comparison of the value of universities as an example of organisations. The research question is the following: How can radar charts be used to measure and compare the value of organisations? The hypothesis formulated assumes that radar charts can be used in various areas of analysing the value of organisations, including: to measure the value of organisations (dynamic); to make multi-criteria comparisons of organisations; to evaluate organisations from the point of view of various groups of stakeholders. The comparative research was done at 11 public universities located in 6 Eastern European countries (Bulgaria, the Czech Republic, Hungary, Poland, Romania, Slovakia) and two other public universities, one in Great Britain and the other in the United States, which were a type of benchmarks. The criteria constituting the value of universities that were adopted for the research were measurable (objective) factors taken into account in university rankings: Faculty/ Student Ratio, International Faculty Ratio, International Student Ratio, Citation, Industry income, Patents awarded (size-normalised), Regional joint publications, Presence and Impact. The research done with the use of radar charts let the author carry out the measurement of the value and a comparative analysis of selected universities, and draw conclusions.
Highlights
In days when everything and everyone is subject to evaluation, the issue of defining the value, differentiating the value and measuring the value is becoming more and more important
The research question is the following: How can radar charts be used to measure and compare the value of organisations? The hypothesis formulated assumes that radar charts can be used in various areas of analysing the value of organisations, including: - to measure the value of organisations; - to make multi-criteria comparisons of organisations; - to evaluate organisations from the point of view of various groups of stakeholders
The research done allows us to claim that radar charts contribute to the measurement and comparison of the value of such organisations as universities
Summary
In days when everything and everyone (products, companies, employees, and science) is subject to evaluation, the issue of defining the value, differentiating the value and measuring the value is becoming more and more important. What factors and measures should be used to at least come closer to the assessment of the value of each university from the viewpoint of various groups of respective stakeholders?. When discussing the issue of the value of universities from the viewpoint of various groups of stakeholders one needs to say that the circle of stakeholders that are in direct or indirect relation with higher education institutions (Minkiewicz 2003: 9; Benneworth, Jongbloed 2010; Marshall 2018) is much wider than in the case of other organisations (Fazlagić 2012: 187) due to the number of private and social elements connected with teaching, including teaching at a higher education level (Wilkin 2009: 88). The selection of the topic derives from the fact that the evaluation of universities can be very difficult and subjective from the viewpoint of various groups of stakeholders
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