Description
This book explores the strategies that Kenyan Private Universities have instituted to address the issue of financial sustainability. The author argues that different universities’ strategies are insufficient to address their long-term financial sustainability due to several internal and external challenges. The purpose of this book therefore is to propose a roadmap towards financial sustainability based on grounded theory design whose focus is to develop, review, and diversify revenue streams to improve cashflow and financial viability. To achieve this, the universities need to put in place qualified and experienced leadership as well as robust organizational structures that can deliver results rather than just maintain the status quo. Such a leadership needs to maintain a healthy consultative relationship with policy makers, stakeholders, partners, and other higher education practitioners so that they can dialogue on emerging issues and work together in a complimentary approach.
This pioneer work done by Dr. Florence Mungathia on private Christian universities on financial sustainability has come at a time when private Christian universities are facing financial challenges that are threatening their survival. Leaders in these institutions would find helpful the lessons, findings, the practical insights, and suggestions contained in this book as they work to achieve effective financial sustainability for their institutions [Prof. James Nkansah-Obrempong; Dean, Nairobi Evangelical Graduate School of Theology (NEGST), AIU].
This book is a timely and valuable resource for Private Universities, operating under a very dynamic higher education ecosystem. It highlights the key challenges faced by the Universities but more importantly, it provides insightful and innovative ideas on how these institutions of higher learning can develop practical road maps to self-sustainability [Prof. Dionysious Kihika Kiambi; DVC-Academic Affairs, PAC University].
Dr. Florence Muthoni Mungathia earned her PhD in Education (Leadership and Administration) and Master of Divinity (Christian Education) both from Africa International University (AIU). She holds a Bachelor of Education (Home-Economics) degree from Kenyatta University. She has several years of experience in different positions of leadership and administration from private academic institutions since 1999. Currently, she is the Dean of Students at AIU and a member of the Board of Trustees of a Bible College. Dr. Mungathia is a lecturer in Education Department at AIU, and she has published journal articles in refereed journals. She has also served in various leadership roles with Christ Is the Answer Ministries (CITAM), alongside her husband, Rev. Dr. Stanley Mungathia for the last 17 years.
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