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The Financial Implications of Funding Quality Practices: A Cost-Benefit Perspective
Author(s): Meena Bhatia (Birla Institute of Management Technology, India)
Copyright: 2018
Pages: 22
EISBN13: 9781522577478
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Abstract
The case deals with an educational institution that is two decades old and is going for an accreditation process for the first time. To meet the challenge of accreditation, there are multiple quality criteria that the institution is not currently meeting. A decision needs to be made as to whether an enhancement of quality is required with respect to the criteria. The factors that would determine the decision to improve the quality practices are the estimation of the additional cost involved, the stakeholder benefits, the mode of the return on investment, the option to pass on the cost to the students, and finally the incremental benefits that the students will experience with or without the incremental fees.
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