The Become a Profit Maker and Profit Keeper Against the Moral Responsibilities of Private University Lecturers
Abstract
Purpose – The purpose of this paper is to design implementation for two employee categories (A and B) model profit as lecturer’s moral responsibility as part as an employee of the private university.
Design / methodology/approach - This paper uses a case study approach to analyze the implementation of profit maximization in private industries such as financial services, to be applied in the private higher education industry to face open competition, especially corporate universities.
Findings - The results of the research find that there is a positive and significant relationship between profit maker and profit keeper are in line with the moral responsibility of private lecturers.
Limitations/implications - Research is very limited on owner respondents, and there is no measurement transparency model. It is a challenging implication for further research.
Practical Implications – This research will be useful for applied research. The investment must be profitable. Student consumers must be looked after. Industries are transforming rapidly due to competition, market share, and avoiding failure. The model strategy should be run as a profit-oriented industry.
Originality / value – The research contributes greatly to professional models for private owners and lecturers, also provides a collaboration formula for sustainable competitive strategies from the start of investment to how it becomes more profitable.
References
Altbach, P.G. (2004). The past and future of Asian universities: Twenty-first century challenges. In P.G. Altbach & T. Umakoshi (Eds.), Asian universities: Historical perspectives and contemporay challenges (pp. 13-32). Baltimore, MD: Johns Hopkins University Press.
Brown, R. (2015). Delivering profit? In Practice, 37(10), 550–551. https://doi.org/10.1136/inp.h5855
Camenisch, P. F. (1987). Profit: Some moral reflections. Journal of Business Ethics, 6(3), 225–231. https://doi.org/10.1007/BF00382868
Cheng, Y. C., & Tam, W. M. (2004). Multi-models of quality.
Crozier, M., 1964. The Bureaucratic Phenomenon, Chicago: University of Chicago Press
Dikti, M. (2018). Indonesia Higher Education Statistical Year Book 2018. Chemistry - A European Journal, 15(21), 1–7. https://pddikti.ristekdikti.go.id/asset/data/publikasi/Statistik Pendidikan Tinggi Indonesia 2018.pdf
Dill, D. D., & Soo, M. (2005). Academic quality, league tables, and public policy: A cross-national analysis of university ranking systems. In Higher Education (Vol. 49, Issue 4). https://doi.org/10.1007/s10734-004-1746-8
Edmans, A. (2019). The purpose of profit. London Business School Review, 30(2–3), 18–21. https://doi.org/10.1111/2057-1615.12304
Emerson, R., 1962, “Power-Dependence Relations,” American Sociological Review, 27, 31-41.
Eriksson, D. (n.d.). Moral ( De ) coupling Moral Disengagement and Supply Chain Management.
Eshleman, A. (2014). Pilot Scholars Moral Responsibility. Philosophy Faculty Publications and Presentations. http://pilotscholars.up.edu/phl_facpubs%0Ahttp://pilotscholars.up.edu/phl_facpubs/1
Fischer, J. M. (2012). Deep Control: Essays on Free Will and Value. In Deep Control: Essays on Free Will and Value. https://doi.org/10.1093/acprof:osobl/9780199742981.001.0001
Jagpal, S., & Jagpal, S. (2008). Fusion for profit: How marketing and finance can work together to create value. In Fusion for Profit: How Marketing and Finance Can Work Together to Create Value (pp. 1–640). https://doi.org/10.1093/acprof:oso/9780195371055.001.0001
Hickson, D.J., C.R. Hinings, C.A. Lee, R.E. Schneck, and J.M. Pennings, 1971, “A Strategic Contingencies
Theory of Intraorganizational Power,” Admiriistratiiw Science Quarterly, 16, 216-229.
Karpov, A. O. (2016). University 3.0 as a corporate entity of knowledge economy: Models and missions. International Journal of Economics and Financial Issues, 6(8Special Issue), 354–360.
Le Grange, L. (2020). Could the Covid-19 pandemic accelerate the uberfication of the university? South African Journal of Higher Education, 34(4), 1–10. https://doi.org/10.20853/34-4-4071
Mowday, R.T., Steers, R.M., & Porter, L.W. (1979). The measurement of organizational commitment.
Journal of Vocational Behavior, 14(2), 224–247. doi:10.1016/0001-8791(79)90072-1
Pinchot, G. and Pinchot, E. 1993. The End of Bureaucracy and the Rise of the Intelligent Organization. San Francisco, CA: Berrett-Koehler.
Rotemberg, J. J. (1993). Power in Profit‐Maximizing Organizations. Journal of Economics & Management Strategy, 2(2), 165–198. https://doi.org/10.1111/j.1430-9134.1993.00165.x
Suhaemi, M. E., & Aedi, N. (2015). A Management Strategy for the Improvement of Private Universities Lecturers’ Professional Competences. International Education Studies, 8(12), 241. https://doi.org/10.5539/ies.v8n12p241
Ulrich, D. (1997). Human Resource Champions: The Next Agenda for Adding Value and Delivering Results. Boston: Harvard Business School Press.
Von Mises, L. 1949. Human Action: A Treatise on Economics. New Haven, CT: Yale University Press.
Vranceanu, R. (2014). Corporate profit, entrepreneurship theory and business ethics. Business Ethics, 23(1), 50–68. https://doi.org/10.1111/beer.12037
Xiao, J., & Wilkins, S. (2015). The effects of lecturer commitment on student perceptions of teaching quality and student satisfaction in Chinese higher education. Journal of Higher Education Policy and Management, 37(1), 98–110. https://doi.org/10.1080/1360080X.2014.992092
