Why Can't Universities Be More Like Businesses?

Some 10 years ago I was invited by a faculty colleague to attend a dinner party, at which the guest of honor was an executive with a very successful chain of retail stores. The topic for the evening's discussion, chosen by our guest, was "Why can't universities be more like businesses?"

Throughout the event, the executive good-naturedly pointed out what seemed to him to be the many manifestly unbusinesslike practices deeply embedded in academic culture. We

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