Interest Alignment Model in the Higher Education System

Abstract

In the modern economy, the effective development of the higher education system becomes impossible without interest alignment of universities and their stakeholders. The purpose of the study is to determine the groups of stakeholders of the higher education system according to the degree of interdependence and develop an interest alignment model, reflecting the ways of interest alignment among the selected groups of stakeholders, taking into account the impact of market and administrative mechanisms. To achieve the purpose of the study, the authors use analysis methods (when determining the set of stakeholders of the higher education system and determining the mutual interests of universities and their stakeholders), grouping (when identifying stakeholder groups according to the degree of interdependence), and developing managerial models (when developing a model for interest alignment in the higher education system). The proposed interest alignment model in the higher education system can be an effective managerial tool in shaping interrelationships of universities with stakeholders.