You are on page 1of 6

%5$1',1*,1+,*+(5('8&$7,217+(&21&(372)%5$1'$1'.

(<
67$.(+2/'(56

/DXUD9DOWHUH

,QWURGXFWLRQ VNDLGURMRãƗYƗUGQƯFD 6LPLODUH[SODQDWLRQKDV


2YHUWKHODVWWZRGHFDGHVHGXFDWLRQLQVWLWXWLRQV EHHQVWDWHGLQWKH(XURSHDQ8QLRQJORVVDU\³EUDQG´
LQ WKH %DOWLF 6WDWHV KDYH H[SHULHQFHG VLJQL¿FDQW LVDQLQVWUXPHQW OLNHDQDPHRUPDUN ZKLFKFOHDUO\
FKDQJHV7KH\KDYHJRQHWKURXJKVHYHUDOHGXFDWLRQ LQGLFDWHVWKHRULJLQDQGRZQHUVKLSDQGGLVWLQJXLVKHV
UHIRUPVGXHWRSROLWLFDOÀXFWXDWLRQVDQGWKH\FRQWLQXH IURP VLPLODU SURGXFWV (LURSDV 6DYLHQƯEDV WHUPLQX
WRH[SHULHQFHGHFUHDVHRIWKH¿QDQFLDOIXQGLQJDVD YƗUGQƯFD   ,Q UHDO OLIH LW LV WKH PDQDJHPHQW
UHVXOWRIWKHVWDWHEXGJHWFXWV1RWRQO\SROLWLFDODQG VW\OH DQG D KDUG ZRUN RI GHYHORSLQJ D ORQJWHUP
¿QDQFLDOVLWXDWLRQEXWDOVRGHPRJUDSKLFFRQGLWLRQV VWUDWHJ\RIWKHLQVWLWXWLRQ 3DSLƼã 
KDYH OHG WR WKH VLWXDWLRQ WKDW WXLWLRQ IHHV KDYH DQG 7KHDXWKRUSURSRVHVWKDWEUDQGLVDVXEMHFWLYH
ZLOO EHFRPH WKH PDMRU SDUW RI WKH LQYHVWPHQWV LQ FRQFHSW ZKLFK KDV WR EH GHYHORSHG LQ WKH PLQGV
KLJKHUHGXFDWLRQ RISHRSOHEDVHGRQWKHHPRWLRQVDVVRFLDWLRQVDQG
7KH JOREDOLVDWLRQ SURFHVV DQG WKH VWXG\ XQLTXHLGHQWLW\RIDQLQVWLWXWLRQ%UDQGLQJGHSHQGV
SRVVLELOLWLHV RIIHUHG E\ WKH (XURSHDQ 8QLRQ KDYH RQ HPRWLRQDO FRPPXQLFDWLRQ ZLWK LQWHUQDO DQG
FDXVHGWKHVLWXDWLRQWKDWHGXFDWLRQLQVWLWXWLRQVVWDUW H[WHUQDODXGLHQFH +DPPRQG 
FRPSHWLQJ DPRQJ WKHPVHOYHV QRW RQO\ LQVLGH WKH 7KH DXWKRU RI WKH DUWLFOH EHOLHYHV WKDW WKHUH
VWDWH EXW DOVR LQWHUQDWLRQDOO\ IRUFLQJ WKH PDQDJHUV H[LVWVFOHDUDQGFHUWDLQFRUUHODWLRQEHWZHHQEUDQGLQJ
RIHGXFDWLRQLQVWLWXWLRQVWRSD\JUHDWHUDWWHQWLRQWR DQG VXFFHVVIXO LQVWLWXWLRQ PDQDJHPHQW :KHQ D
WKH EUDQGLQJ RI WKH LQVWLWXWLRQ E\ GHYHORSLQJ QHZ VWXGHQW ³EX\V´ D VHUYLFH KHVKH EHOLHYHV WKDW LW LV
GHSDUWPHQWV DQG ORRNLQJ IRU DGGLWLRQDO IXQGLQJ QRWRQO\RIKLJKTXDOLW\EXWLWDOVRHQVXUHVSRVLWLYH
&KDSOHR  DVVRFLDWLRQV RI DQ LQVWLWXWLRQ 7KHVH DVVRFLDWLRQV
'XH WR WKH FRPSHWLWLRQ KLJKHU HGXFDWLRQ HJRIWKHLQVWLWXWLRQYDOXHRIWKHGLSORPDTXDOLW\
LQVWLWXWLRQVQHHGWRHPSKDVLVHWKHLUXQLTXHQHVVZKLFK RI HGXFDWLRQ  KDYH WR EH URRWHG LQ WKH EHOLHIV RI
EULQJVXSDQHZSHUVSHFWLYHIRUKLJKHUHGXFDWLRQ± WKH VRFLHW\ 7KLV SURYHV WKDW QRW RQO\ KLJK TXDOLW\
FUHDWLQJ WKH LQVWLWXWLRQDO EUDQG LQWHQWLRQDOO\ 7KH VWXGLHV EXW DOVR LWV EUDQGLQJ LV WKH QH[W UDWLRQDO
DERYHPHQWLRQHG REVHUYDWLRQ VKRZV WKDW EUDQGLQJ VWHS IRU HGXFDWLRQ LQVWLWXWLRQV WR FRPSHWH EHWZHHQ
KDVEHFRPHDWRSLFDOLVVXHLQHGXFDWLRQPDQDJHPHQW WKHPVHOYHVDQGWRUHPDLQRUHYHQLQFUHDVHWKHPDUNHW
DQG LW SURYLGHV D QHZ H[SRUW SURGXFW IRU WKH VKDUH
FRXQWU\
%UDQGLQJDQG0DQDJHPHQW
7KH%UDQGLQJ&RQFHSW $OORSHUDWLRQVLQWKHLQVWLWXWLRQDUHFRQQHFWHG
,QWLPHVZKHQSHRSOHUHFHLYHJRRGVRIVLPLODU WKHUHIRUHFOHDUDLPVDQGYDOXHVKHOSWKHLQVWLWXWLRQ
TXDOLW\ DQG SULFH UDQJH EUDQG RIWHQ GHWHUPLQHV WR UHDFK WKHLU VHW REMHFWLYHV IDVWHU$V LQ DOO RWKHU
WKH FKRLFH RI SHRSOH 6HODPH DQG 6HODPH   VSKHUHVDOVRLQGHYHORSLQJDQLQVWLWXWLRQDOEUDQGWKH
1HYHUWKHOHVV EUDQGLQJ LV D QHZ DUHD IRU UHVHDUFK PDQDJHPHQWRIWKHLQVWLWXWLRQKDVWRWDNHWKHPDMRU
LQ KLJKHU HGXFDWLRQ ZKLFK IDFHV FRQWURYHUVLDO LQLWLDWLYHRIWKHSURFHVV
RSLQLRQV ZKHWKHU LW FDQ RU FDQQRW EH DSSOLHG 0DQDJHU LV WKH SHUVRQ ZKR LQÀXHQFHV WKH
$OWKRXJKUHVHDUFKHUVVWUHVVWKHLPSRUWDQFHRIEUDQG H[LVWLQJ EUDQG RI WKH LQVWLWXWLRQ DQG GHYHORSV LW
PDQDJHPHQW LQ HGXFDWLRQ WKHUH LV OLWWOH HYLGHQFH IXUWKHU7KHVW\OHRIWKHEUDQGKDVWREHEDVHGRQWKH
RI KRZ WR HYDOXDWH DQG PHDVXUH WKH HIIHFWLYHQHVV H[LVWLQJDVVRFLDWLRQVRULPDJHRIWKHLQVWLWXWLRQDQG
&KDSOHR  IXWXUHYLVLRQRIWKHPDQDJHPHQW:KDWLVPRUHWKLV
2QH RI WKH SUREOHPV WKDW KDYH WR EH VROYHG GHYHORSHG EUDQG PXVW EH HQUROOHG DQG HTXDO LQ DOO
LV WKDW SHRSOH FRQVLGHU EUDQGLQJ RQO\ DV D QDPH DFWLRQV RI WKH LQVWLWXWLRQ ERWK LQQHU DQG RXWHU7KH
RIWKHLQVWLWXWLRQDORJRRUDVORJDQ7KLVEHOLHILV KDUGHVWJRDOIRUWKHPDQDJHPHQWLVWRSURYLGHWKDW
FRQWLQXRXVO\ VWDWHG LQ JORVVDULHV DQG GLFWLRQDULHV WKH EUDQG DQG YDOXHV H[SUHVVHG E\ WKH LQVWLWXWLRQ
IRUH[DPSOH'LFWLRQDU\RI(FRQRPLF7HUPVH[SODLQV FRUUHVSRQGWRWKHZLVKHVRIWKHFOLHQWVDQGHQVXUHV
³EUDQG´DVDWUDGHPDUNORJRQDPHRUDV\PEROZKLFK WKHLUVDWLVIDFWLRQ
LVVSHFLDOO\GHYHORSHGIRUWKHFRPSDQ\ (NRQRPLNDV %UDQGLQJ LV YHU\ FORVHO\ FRQQHFWHG WR
SRVLWLRQLQJ DV IRU ERWK WKH PDLQ DLP LV WR FUHDWH

62&,$/,1,$,02.6/$,9$'<%$

SDUWLFXODU DVVRFLDWLRQV DERXW WKH SODFHPHQW RI KLJKHU HGXFDWLRQ LQVWLWXWLRQ 7KH YLHZV KDYH DOVR
WKH SURGXFW RU VHUYLFH =ƝƧHOH   7KH DXWKRU EHHQKLJKOLJKWHGLQWKHGRFXPHQWDWLRQRIWKHKLJKHU
RI WKH DUWLFOH EHOLHYHV WKDW WKH EUDQG LV WKH UHVXOW HGXFDWLRQ IRU H[DPSOH &RPPXQLTXpV RI WKH
RI SRVLWLRQLQJ WKHUHIRUH WKH LQVWLWXWLRQ QHHGV WR %RORJQD3URFHVV 3UDJXHS%HUOLQ
GLIIHUHQWLDWH IURP LWV FRPSHWLWRUV DFFRUGLQJ WR WKH S 
ZLVKHVRIWKHLUWDUJHWDXGLHQFH6KHEHOLHYHVWKDWWKLV ,Q  WKH UHVHDUFK RI VWXGHQWV¶ LPSDFW RQ
LVWKHNH\QRWHZKLFKSURYLGHVWKHFRPSHWLWLYHQHVVRI KLJKHU HGXFDWLRQ TXDOLW\ PDQDJHPHQW ZDV FDUULHG
WKHLQVWLWXWLRQDQGVXSSO\EHWWHUEXVLQHVVUHVXOWV7KH RXW 9DOWHUH 7KHUHVHDUFKFROOHFWHGWKHYLHZ
QHZUHVHDUFKPDGHLQWKH¿HOGRIEUDQGPDQDJHPHQW RIUHVSRQGHQWV IHPDOHPDOH LQWKHDJH
SURYHV WKDW WKH EUDQG LQÀXHQFHV DQG GHFUHDVHV WKH JURXSUDQJLQJIURPWR\HDUV'XULQJWKHVXUYH\
ULVNV XQGHU FRPSHWLWLYH FRQGLWLRQV DQG JLYHV WKH UHVSRQGHQWVZHUHDVNHGWRQDPHWKHUROHRIDVWXGHQW
LQVWLWXWLRQ WKH DGYDQWDJHV WR JDLQ VWDELOLW\ LQ WKH LQKLJKHUHGXFDWLRQ7KHFROOHFWHGGDWDVKRZHGWKDW
PDUNHW %HQHNH   RI UHVSRQGHQWV FRQVLGHUHG WKDW VWXGHQWV ZHUH
SDUWQHUV RI WKH KLJKHU HGXFDWLRQ LQVWLWXWLRQ DV WKH\
6WXGHQWV¶5ROHLQ+LJKHU(GXFDWLRQ VKRXOG EH LQYROYHG LQ DOO PDQDJHPHQW SURFHVVHV
RI WKH LQVWLWXWLRQ  EHOLHYHG WKDW VWXGHQWV ZHUH
2QH RI FRQWURYHUVLDO LVVXHV LQ HGXFDWLRQ LV
FOLHQWVRIWKHLQVWLWXWLRQDQGWKHUHVWVWUHVVHGWKDW
ZKHWKHUWRFRQVLGHUVWXGHQWVDVSDUWQHUVRIDFDGHPLF
VWXGHQWVZHUHERWK±SDUWQHUVDQGFOLHQWV
OLIH SDUWLFLSDQWV LQ WKH MRLQW DLP  RU DV FOLHQWV
'XULQJ WKH VHFRQG UHVHDUFK ZKLFK ZDV
FXVWRPHUVRIWKHLQVWLWXWLRQ SHUVRQVZKREX\JRRGV
FRQGXFWHG LQ  WKH VDPH TXHVWLRQV ZHUH DVNHG
IRUPRQH\ ,WKDVWREHDGPLWWHGWKDWGXULQJWKHODVW
WR  UHVSRQGHQWV  IHPDOH  PDOH  LQ WKH
GHFDGHVERWKRSLQLRQVKDYHEHHQGHYHORSLQJ
DJH JURXS UDQJLQJ IURP  WR  \HDUV DQG WKH
$GDSWDWLRQRIEXVLQHVVDFWLYLWLHVLQHGXFDWLRQ
GDWD GHPRQVWUDWHG WKDW WKH VLWXDWLRQ KDG FKDQJHG
LQVWLWXWLRQ PDQDJHPHQW LV JUDGXDOO\ FKDQJLQJ WKH
JUDGXDOO\&KDUWVKRZVWKDWEHWZHHQDQG
HGXFDWLRQDO HQYLURQPHQW 6WXGHQWV FXUUHQW DQG
WKHRSLQLRQWKDWVWXGHQWLVDFOLHQWRIKLJKHUHGXFDWLRQ
SRWHQWLDO DUHLQFUHDVLQJO\PRUHRIWHQFRQVLGHUHGWR
LQVWLWXWLRQ UHPDLQHG KRZHYHU JUHDW FKDQJHV FDQ
EHWKHFOLHQWVRIKLJKHUHGXFDWLRQLQVWLWXWLRQV%HVLGHV
EHQRWLFHGLQWKHRSLQLRQWKDWDVWXGHQWLVQRWRQO\
WKDW VWXG\ SURJUDPPHV SURYLGHG E\ HGXFDWLRQ
D SDUWQHU EXW DOVR D FOLHQW ,Q  PRUH WKDQ KDOI
LQVWLWXWLRQVDUHUHJDUGHGDVDSURGXFWZKLFKLVEHLQJ
  RI UHVSRQGHQWV EHOLHYH WKDW D VWXGHQW LV QRW
ERXJKWE\DVWXGHQW 1DWDOHDQG'RUDQ 
RQO\WKHDFDGHPLFSDUWQHURIDQHGXFDWLRQLQVWLWXWLRQ
$OWKRXJK RQH RSLQLRQ LV WKDW VWXGHQWV DUH
EXWKHVKHVKRXOGDOVREHFRQVLGHUHGDVDFOLHQW7KH
FOLHQWVWKHUHLVDOVRDSRVVLELOLW\WRFRQVLGHUVWXGHQWV
UHGXFWLRQFDQEHVHHQLQWKHRSLQLRQWKDWDVWXGHQWLV
DVSDUWQHUVRIWKHLQVWLWXWLRQ¶VDFDGHPLFOLIHDVWKH\
DSDUWQHURIDQDFDGHPLFOLIHDVZHOO2QO\RI
WDNH SDUW LQ WKH SURFHVV RI WKH GHYHORSPHQW RI WKH
UHVSRQGHQWVDJUHHGZLWKWKLVRSLQLRQ

)LJ6WXGHQWV¶UROHLQDKLJKHUHGXFDWLRQLQVWLWXWLRQLQDQG

7KHDXWKRURIWKHDUWLFOHEHOLHYHVWKDWKLJKHU ERWK LW JLYHV DQ RSSRUWXQLW\ IRU WKH LQVWLWXWLRQ WR
HGXFDWLRQLQVWLWXWLRQVVKRXOGORRNDWDVWXGHQWDVD LQYROYHVWXGHQWVLQWRWKHSURFHVVRIEUDQGLQJ%UDQG
SDUWQHUVWLOOUHPHPEHULQJWKDWVWXGHQWVDUHYLWDOIRUWKH PDQDJHPHQW LQVLGH WKH RUJDQLVDWLRQ LV VRPHWLPHV
LQVWLWXWLRQDO GHYHORSPHQW WKHUHIRUH KHVKH VKRXOG PRUH LPSRUWDQW WKDQ FRPPXQLFDWLRQ H[WHUQDOO\
EHFRQVLGHUHGDVDFOLHQW,IVWXGHQWVDUHFRQVLGHUHG DV LW LV QHFHVVDU\ WR PRWLYDWH DQG LQYROYH SHRSOH


,661
-$81Ǐ-Ǐ02.6/,1,1.Ǐ'$5%$,1U  

LQWRWKHGHYHORSPHQWRIWKHEUDQGRIDQLQVWLWXWLRQ KLJKHUHGXFDWLRQLQVWLWXWLRQVWRSD\JUHDWHUDWWHQWLRQ
:KLVPDQ  WR WKH YDOXHV RI WKH RUJDQLVDWLRQ DQG WKH H[LVWLQJ
EUDQGRIWKHLQVWLWXWLRQ
$OXPQLDQG7KHLU,QYROYHPHQW
%UDQGLQJ LV YHU\ FORVHO\ FRQQHFWHG ZLWK WKH 5HIHUHQFHV
TXDOLW\HVSHFLDOO\LWFDQEHVWDWHGLQWKHHGXFDWLRQ  %HQHNH - +  0DUNHWLQJ WKH ,QVWLWXWLRQ WR
VSKHUH ZKHUH KLJK TXDOLW\ HGXFDWLRQ JLYHV WKH 3URVSHFWLYH 6WXGHQWV ±$ 5HYLHZ RI %UDQG 5HSX
DOXPQL WKH SRVVLELOLW\ WR JHW EHWWHU SDLG MRE LQ WKH WDWLRQ  0DQDJHPHQW LQ +LJKHU (GXFDWLRQ ,QWHU
IXWXUH 1DWDOHDQG'RUDQ :KLOHWKHVRFLHW\ QDWLRQDO-RXUQDORI%XVLQHVVDQG0DQDJHPHQW9RO
EHOLHYHVWKDWVWXG\SURJUDPPHVVKRXOGEHEDVHGRQ 1R3±
ERWKWKHRUHWLFDODQGSUDFWLFDOVWXG\SURFHVV 9DOWHUH  %HUOLQ  5HDOLVLQJ WKH (XURSHDQ +LJKHU
 WKHUHLVDQRSLQLRQWKDWHGXFDWLRQVKRXOGEH (GXFDWLRQ$UHD &RPPXQLTXp RI WKH &RQIHUHQFH RI
0LQLVWHUVUHVSRQVLEOHIRU+LJKHU(GXFDWLRQKWWS
EDVHG PRUH RQ WKH WKHRUHWLFDO NQRZOHGJH OHDYLQJ
ZZZDLFOYERORQD%RORJQDPDLQGRF%HUOBFRPPB
WKHSUDFWLFDONQRZOHGJHIRUWKHZRUNSODFH ']HOPH ¿QDSGI!>@
 7KLV OHDGV WR DQRWKHU LQYDOXDEOH DVVHW RI DQ  &KDSOHR&:KDWGH¿QHVVXFFHVVIXOXQLYHUVLW\
HGXFDWLRQLQVWLWXWLRQEUDQG±WKHDOXPQL EUDQGV" ,QWHUQDWLRQDO -RXUQDO RI 3XEOLF 6HFWRU
'XHWRWKHFKDQJHVRIHGXFDWLRQPDQDJHPHQW 0DQDJHPHQW9RO1R3±
WKLQNLQJ LQFUHDVLQJO\ PRUH RIWHQ WKH WHQGHQF\ RI  &KDSOHR&([SORULQJUDWLRQDOHVIRUEUDQGLQJD
PDNLQJVWURQJUHODWLRQVKLSZLWKWKHDOXPQLDSSHDUV XQLYHUVLW\6KRXOGZHEHVHHNLQJWRPHDVXUHEUDQGLQJ
7KHDXWKRUEHOLHYHVWKDWDOXPQLJLYHWKHLQVWLWXWLRQ LQ8.XQLYHUVLWLHV"-RXUQDORI%UDQG0DQDJHPHQW
DQ DGGLWLRQDO RSSRUWXQLW\ XQGHU WKH FRPSHWLWLYH 9RO1R3±
FRQGLWLRQV 7KH DXWKRU EHOLHYHV WKDW SUHYLRXV  ']HOPH -  $XJVWƗNƗV L]JOƯWƯEDV ƯVWHQRãDQDV
SULQFLSX PDLƼD 3DUDGLJPDV PDLƼD >&KDQJH RI
VWXGHQWV DUH OLNH D EXVLQHVV FDUG RI DQ LQVWLWXWLRQ
,PSOHPHQWDWLRQ 3ULQFLSOHV LQ +LJKHU (GXFDWLRQ
WKHLU NQRZOHGJH DQG UHDGLQHVV WR ZRUN QRWHV WKH 3DUDGLJP&KDQJH@5ƯJD$,.1&>+LJKHU(GXFDWLRQ
TXDOLW\ RI WKH VWXG\ SURJUDPPHV DQG WKH TXDOLW\ 4XDOLW\(YDOXDWLRQ&HQWUH@
OHYHORIDQLQVWLWXWLRQ  (LURSDV 6DYLHQƯEDV WHUPLQX YƗUGQƯFD >(XURSHDQ
%HVLGHV WKDW JUDGXDWHV FDQ DOVR EH XVHG LQ 8QLRQJORVVDU\@5ƯJD81'3
WKHSURFHVVRIHVWLPDWLQJWKHVWXG\SURFHVVDVWKH\  (NRQRPLNDV VNDLGURMRãƗ YƗUGQƯFD >'LFWLRQDU\ RI
DUH FDSDEOH WR HYDOXDWH WKH FRXUVH FRQWHQW RI WKH (FRQRPLF7HUPV@5ƯJD=LQƗWQH
DFTXLUHGVWXG\SURJUDPPHLHWKHVXLWDELOLW\RIWKH  +DPPRQG-%UDQGLQJ<RXU%XVLQHVV*% 
NQRZOHGJHWRWKHODERXUPDUNHW7KHDXWKRUDUJXHV 86.RJDQ3DJH/LPLWHG
WKDW RSLQLRQ RI DOXPQL DERXW WKH VWXG\ SURJUDPPH  1DWDOH 6 0 'RUDQ &  0DUNHWL]DWLRQ RI
(GXFDWLRQ$Q(WKQLFDO'LOHPPD-RXUQDORI%XVLQHVV
LV PRUH DFFXUDWH DV WKH\ KDYH DFTXLUHG WKH VWXG\
(WKQLFV1R3±
SURJUDPPHDQGWKH\KDYHKDGZRUNH[SHULHQFH  3DSLƼã..DVWDVLUEUHQGV".DVWDVLU]ƯPROV"
>:KDW LV EUDQG"@ %L]QHVD 3VLKRORƧLMD >-RXUQDO
&RQFOXVLRQ %XVLQHVV3V\FKRORJ\@1U3±
,QWKHFRQFOXVLRQLWKDVWREHVWDWHGWKDWLWLV  3UDJXH  7RZDUGV WKH (XURSHDQ +LJKHU
(GXFDWLRQ $UHD &RPPXQLTXp RI WKH PHHWLQJ RI
QRWDQHDV\WDVNWRFUHDWHDVXFFHVVIXOLQVWLWXWLRQDO
(XURSHDQ0LQLVWHUVLQFKDUJHRI+LJKHU(GXFDWLRQ
EUDQGLWFDQQRWEHERXJKWDVLWLVVKDSHGLQSHRSOH¶V <KWWSZZZDLFOYERORQD%RORJQDPDLQGRF3UDJB
PLQGV DQG HDFK LQVWLWXWLRQ KDV LWV RZQ DLPV DQG FRPSGI!>@
VWUDWHJ\VWUHQJWKVDQGZHDNQHVVHV%UDQGLVXQLTXH  6HODPH ( 6HODPH -  <RXU &RPSDQ\
DQG GHYHORSHG ZLWK D KHOS RI PHQWDO SURFHVV ,W LV ,PDJH %XLOGLQJ <RXU ,GHQWLW\ DQG ,QÀXHQFH LQ WKH
FUHDWHG VORZO\ DQG LW FKDQJHV VORZO\ 2QH RI WKH 0DUNHWSODFH1HZ<RUN:LOH\
RSWLRQV LV WR FRQVLGHU WKH LQVWLWXWLRQ DOLYH EHFDXVH  9DOWHUH /  .YDOLWƗWHV YDGƯED DXJVWƗNƗV
LW FDQ FRPPXQLFDWH ZLWK WKH ZRUOG YLD WKH KHOS RI L]JOƯWƯEDV LHVWƗGƝ 6WXGHQWX LHWHNPH >4XDOLW\
3XEOLF 5HODWLRQV 0DQDJHUV QHHG WR NHHS LQ PLQG 0DQDJHPHQWLQ+LJKHU(GXFDWLRQ,QVWLWXWLRQ6WXGHQW
,PSDFW@0DƧLVWUDGDUEV>0$7KHVLV@5ƯJD/DWYLMDV
WKHLUNH\UROHLQEUDQGGHYHORSPHQWLHWRH[SUHVV
8QLYHUVLWƗWH>8QLYHUVLW\RI/DWYLD@
WKHYDOXHVDQGHQVXUHHDVLO\SHUFHSWLEOHLQIRUPDWLRQ
 :KLVPDQ5,QWHUQDO%UDQGLQJ$8QLYHUVLW\¶V
IRUWKHVRFLHW\ZKLFKLVFUHDWLYHDQGRULJLQDO 0RVW9DOXDEOH,QWDQJLEOH$VVHW-RXUQDORI3URGXFW
7KH DXWKRU EHOLHYHV WKDW EUDQGLQJ DQG LWV DQG%UDQG0DQDJHPHQW1R3±
LQÀXHQFHRQWKHSHUIRUPDQFHRIWKHKLJKHUHGXFDWLRQ  =ƝƧHOH (  3R]LFLRQƝãDQD ± PHWRGH NDV
LQVWLWXWLRQLVYLWDODQGWKHVWDWHPHQWWKDWVWURQJEUDQG QRGURãLQD NRQNXUƝWVSƝMX >3RVLWLRQLQJ  D PHWKRG
HQVXUHV VXFFHVVIXO GHYHORSPHQW LV WUXH QRW RQO\ LQ HQVXULQJ FRPSHWLWLYHQHVV@ %L]QHVD 3VLKRORƧLMD
EXVLQHVVEXWDOVRLQHGXFDWLRQPDQDJHPHQW'XHWR >-RXUQDO %XVLQHVV 3V\FKRORJ\@ 1U  9RO 
WKLVEHOLHIWKHDXWKRUUHFRPPHQGVWKHPDQDJHUVRI 3


62&,$/,1,$,02.6/$,9$'<%$

%5$1',1*,1+,*+(5('8&$7,217+(&21&(372)%5$1'$1'.(<67$.(+2/'(56

Laura Valtere

6XPPDU\

7KHSXUSRVHRIWKHDUWLFOHLVWRLGHQWLI\WKHFRQFHSWRIEUDQGDQGWRH[DPLQHWKHNH\VWDNHKROGHUVWKDWLQÀXHQFH
WKHSURFHVVRIEUDQGLQJLQDKLJKHUHGXFDWLRQLQVWLWXWLRQ'HVSLWHWKHIDFWWKDWWKHUHLVDODFNRIHPSLULFDOOLWHUDWXUHZULWWHQ
DQGUHVHDUFKFRQGXFWHGWKHDUWLFOHSURYLGHVDUHYLHZRIWKHSHUWLQHQWOLWHUDWXUHWKDWQRWHVWKHLQÀXHQWLDOSDUWLHVRIKLJKHU
HGXFDWLRQEUDQGV%HVLGHVWKDWWKHDUWLFOHUHYHDOVDFRPSDULVRQRIWZRVXUYH\VFDUULHGRXWLQDQG7KHHYLGHQFH
VKRZVWKDWWKHYLHZVRIWKHVRFLHW\DUHFKDQJLQJKHQFHHGXFDWLRQDOLQVWLWXWLRQVVKRXOGUHVSRQGWRWKHIDFW7KHDXWKRU
EHOLHYHVWKDWEUDQGLQJRIHGXFDWLRQKDVEHFRPHDQLQFUHDVLQJO\WRSLFDOLVVXHWKHUHIRUHPDQDJHUVRIKLJKHUHGXFDWLRQ
LQVWLWXWLRQVQHHGWR¿QGDGGLWLRQDORSSRUWXQLWLHVWRPDNHHGXFDWLRQLQVWLWXWLRQVPRUHFRPSHWLWLYHDQGEUDQGHG7KHSDSHU
FRQFOXGHVWKDWEUDQGLQJKHOSVHGXFDWLRQLQVWLWXWLRQVWRVXUYLYHLQWKHFRPSHWLWLYHPDUNHWWKXVIRUPLQJWKHDGGHGYDOXHWR
WKHLQVWLWXWLRQ¶VLPDJH)XUWKHUUHVHDUFKDUHDVDUHSURSRVHGE\WKHDXWKRU7KHSDSHUH[DPLQHVDQHPHUJLQJSKHQRPHQRQ
UHODWHGWRKLJKHUHGXFDWLRQPDQDJHPHQWDQGRIIHUVDUHVHDUFKLQWKH¿HOGRIHGXFDWLRQEUDQGLQJ
.H\ZRUGVEUDQGLQJKLJKHUHGXFDWLRQHGXFDWLRQPDQDJHPHQWVWXGHQWLPSDFWDOXPQLLQYROYHPHQW

ƲWHLNWD


Humanitariniai mokslai

y Filologija



You might also like