The Role of Higher Education in the Next Decade

Paul F Greenfield

President, The University of Queensland

Economic Capital (e.g. graduates, translation

to applied research outcomes)

Economic Capital (e.g. graduates, translation

to applied research outcomes)

Intellectual Capital (e.g. scholarship,

Intellectual Capital (e.g. scholarship,

Economic Entity (regional, national

multiplier)

Economic Entity (regional, national

multiplier)

Roles of a Modern University

UniversitiesUniversities

Intellectual Capital (e.g. scholarship,

discovery)

Intellectual Capital (e.g. scholarship,

discovery)

Social Capital (e.g. educating children of

poor families; translation to effective learning

outcomes)

Social Capital (e.g. educating children of

poor families; translation to effective learning

outcomes)

What has changed or will change in the next decade?

• National aspirations

• Globalisation• Globalisation

• Community expectations

• Economic expectations

• Learning technologies

• Research options

What has changed or will change in the next decade?

• National aspirations

• Globalisation• Globalisation

• Community expectations

• Economic expectations

• Learning technologies

• Research options

Higher Education is now a major global industry – the evidence

National targets PRC to increase higher education students by 16% by 2020, to 35M;

40% of 25-34 year olds in Australia to have degrees by 2025;

50% of 40 year olds in UK; etc

International student & staff mobility

International capital mobilityInternational campuses, J/Vs

• Singapore, Malaysia, Dubai, China, India, Adelaide, etc

Rise of the private for-profitsKaplan, Laureate, Phoenix, etc

Higher Education is now a major global industry – the implications

• Relative economic value of a first degree will reduce; increasingly the value of the degree will be based on the reputation of the institution and the program

• A key reputational factor will be the ability of a program’s graduates to obtain gainful employment

• Funding the participation goals will become an increasingly significant issue at both a personal and national scale

Higher Education is now a major global industry – the implications

• International reputation is of increasing importance; this requires a university to play seriously in the global scene, beyond recruiting international studentsinternational students

• Modes of delivering HE Learning are becoming increasingly variable and more job friendly

• Competition for the best academics, administrators and students will become even more intense

Economic Capital (e.g. graduates, translation

to applied research outcomes)

Economic Capital (e.g. graduates, translation

to applied research outcomes)

Intellectual Capital (e.g. scholarship,

Intellectual Capital (e.g. scholarship,

Economic Entity (regional, national

multiplier)

Economic Entity (regional, national

multiplier)

Roles of a Modern University

UniversitiesUniversities

Intellectual Capital (e.g. scholarship,

discovery)

Intellectual Capital (e.g. scholarship,

discovery)

Social Capital (e.g. educating children of

poor families; translation to effective learning

outcomes)

Social Capital (e.g. educating children of

poor families; translation to effective learning

outcomes)

Higher Education is now a major global industry – the implications

• International indices are increasingly significant in affecting choice (Shanghai Jiao Tong, Times Higher Ed, QS,)

� They focus on • research quality and outputs• quality of students & staff• distinctiveness of mission• resource base

Shanghai Jiao Tong Top 500

University Ranking QS (Quacquarelli Symonds) World University Rankings were conceived to present a multi-faceted view of the relative strengths of the world's leading Universities.

Indicator Explanation Weighting

Academic Peer Review

Composite score drawn from peer review survey (which is divided into five subject

areas). 6,354 responses in 2008.40%

Employer Review

Score based on responses to employer survey. 2,339 responses in 2008.

10%

Faculty Student Ratio

Score based on student faculty ratio 20%

Citations per Faculty

Score based on research performance factored against the size of the research

body 20%

International Faculty

Score based on proportion of international faculty

5%

International Students

Score based on proportion of international students

5%

http://www.topuniversities.com/worlduniversityrankings/

What has changed or will change in the next decade?

• National aspirations

• Globalisation• Globalisation

• Community expectations

• Economic expectations

• Learning technologies

• Research options

Economic Capital (e.g. graduates, translation

to applied research outcomes)

Economic Capital (e.g. graduates, translation

to applied research outcomes)

Intellectual Capital (e.g. scholarship,

Intellectual Capital (e.g. scholarship,

Economic Entity (regional, national

multiplier)

Economic Entity (regional, national

multiplier)

Roles of a Modern University

UniversitiesUniversities

Intellectual Capital (e.g. scholarship,

discovery)

Intellectual Capital (e.g. scholarship,

discovery)

Social Capital (e.g. educating children of

poor families; translation to effective learning

outcomes)

Social Capital (e.g. educating children of

poor families; translation to effective learning

outcomes)

Com

mer

cial

isat

ion

Ris

k

Startup

Strategic Alliance

Internal Development

There are multiple pathways to commercialisation

Com

mer

cial

isat

ion

Ris

k

Control of IP

Joint Venture

Incubation

License

Sale

Abandon

UQ collaboration between Chinese-born Dr Jian Zhou and and Scots-born Professor Ian Fraser

Gardasil

• Approved for use in more than 120 countries

• ~ 80M doses have been distributed

• Sales expected to exceed $4.5 billion pa (Merrill Lynch)

• 12 years from discovery to market

Not all quality research is aimed at or leads to invention, not all quality research is effectively translated into clinical, commercial or industrial practice or policy formulation, and

Importance of Quality

practice or policy formulation, and innovation is certainly much broader than just research commercialisation. However, the evidence of the relationship between research quality and the impact of that research is strong.

What has changed or will change in the next decade?

• National aspirations

• Globalisation• Globalisation

• Community expectations

• Economic expectations

• Learning technologies

• Research options

Learning Technologies

• The obvious – range of digital technologies that allow remote, high quality access to information and quality access to information and interaction

• Open source learning material

� First Generation R&D: R&D is a creative

activity; can only be loosely managed

� Second Generation R&D: R&D is amenable to � Second Generation R&D: R&D is amenable to

traditional project management skills

� Third Generation R&D: Link between R&D and

overall corporate strategy strengthened

� Subsequent: “Who discovers” matters less

than “Who assembles and translates”;

knowledge is the currency

� Increasing interest in co-location of

strategic research groups

� Increasing desirability of international

experience as part of both undergraduate experience as part of both undergraduate

and postgraduate research experience

� e.g. DOW Chemical Company

� Increasing interest in global research

collaborations

- University of Oxford

- Chinese Academy of Sciences

- University of Cambridge

- University of Auckland

UQ’s top 10 international partners (by publication)

- University of Otago

- University of London Imperial College of Sci, Tech & Med

- National Uni of Singapore

- Harvard University

- University of Bristol

- Nanyang Tech University

Thank You