A CONCEPTUAL MODEL FOR GOVERNANCE OF PRIVATE UNIVERSITIES AS SOCIAL ENTERPRISES

The concept of Social Enterprises has emerged and evolved in last two decades. Their emergence has gained momentum as the void in services which are not catered by Government and Business sectors have increased worldwide. Social entrepreneurs, the enterprising individuals, are filling this void through Social enterprises. While bringing out the phenomenon of emergence and need of private universities the paper evidences a private university as a Social enterprise. The changing expectations from Society are the spur to draw the rationale of governing a private university as a social enterprise. India requires successful and sustainable private universities to meet its Higher Education goals. This study proposes a framework covering dimensions for achieving success and sustainability of a private university governed as a social enterprise. Analysis of the proposed framework for managing a private university as Social Enterprise is undertaken. Challenges of managing University as a Social enterprise are also presented.