Fit for the Twenty-First Century?
Keywords:Family-owned universities, family business, private higher education
Family-Owned or -Managed Higher Education Institutions (FOMHEIs) are a remarkable phenomenon—which, despite having a global presence, is almost entirely ignored. FOMHEIs exist on every continent and number in the thousands. Many are established with a social mission and are nonprofit, while others are for-profit and linked to family businesses. Despite their unequivocal “familiness” dimension, FOMHEIs retain the character of academic enterprises, while departing from their nonfamily-based counterparts in several major ways.
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