Managing the Strategic Assets in Al- Azhar University As An Entrance to Transformation to A Productive University to Achieve Financial Sustainability

Nofal, Eman Mohamed Mohamed; Abdel Hafez, Harwat Abdel- Hamid; Kafafy, Eman Mostafa

doi:10.21608/jsrep.2021.265572

Managing the Strategic Assets in Al- Azhar University As An Entrance to Transformation to A Productive University to Achieve Financial Sustainability

Document Type : Original Article

Authors

قسم الإدارة والتخطيط والدراسات المقارنة ، كلية التربية-جامعة الأزهر.

10.21608/jsrep.2021.265572

Abstract

University education today faces several constraints that limit its efficiency and weaken the quality of its outputs and the possibility of developing them, but the greatest and most influential of these restrictions is the limited funding resources, which hinders the possibility of developing it, improving its outputs, and upgrading its performance indicators, which in turn affects its internal and external efficiency, and limits its ability to pursue knowledge and modern developments. This led most developed and developing universities alike to look for new funding resources, and moving towards the concept of a productive university, a pattern of a non-profit university that is working to add new funding resources, by expanding and deepening its role in society, and carrying out a number of activities that provide it with a financial return to achieve its goals and mission. Strategic Asset Management (SAM), is one of the modern approaches that some universities rely on to increase their funding resources, be transformed into productive universities and achieve their financial sustainability through maintaining and developing strategic assets, rationalizing their use, and investing them to achieve the best results. Therefore, the current study aims to present and analyze the intellectual foundations of the productive university and strategic asset management, and to present the experiences of University of Michigan and Bond University in strategic asset management to become productive universities and achieve their financial sustainability, as well as to know the reality of strategic asset management at Al Azhar University, as expressed in the literature. The study used the descriptive approach and concluded with a set of findings, on which a set of recommendations were based, which could help in transforming Al-Azhar University into a productive university and achieving its financial sustainability, including: the establishment of a specialized department for the management of al-Azhar University's strategic assets, whose mission is to preserve and develop assets, rationalize their use and invest them; develop a strategic plan for their management and investment, provide funds for repairs and maintenance of physical and technical assets; and the implementation of professional development processes, protection of intellectual property rights for human assets; and the development of relationships and partnerships between the University and other institutions.

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A statement of the total number of employees at Al-Azhar University, for the academic year (2018/2019).

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