Philippine E-Journals

Best Management Practices For Income Generation Projects And Organizational Development Of Selected State Universities And Colleges: Framework For Enhanced Financial Strategies

Wieson Resultan | Mark Fabella | Nelia Prieto

Discipline: management studies

 

Abstract:

This study, titled Income Generation Projects (IGPs) and Organizational Development (OD), aims to identify best management practices among State Universities and Colleges (SUCs) in the National Capital Region (NCR) of the Philippines to strengthen their financial sustainability. Using a quantitative descriptive-correlational design, the study analyzed data from five SUCs in NCR. The findings revealed a common pattern among these institutions, showing that commercial ventures with low returns and underutilized, research-based IGPs remain the primary sources of revenue. These practices fairly impact institutional revenue, with 45.5% of SUCs producing <10% of profit from IGPs. Moreover, bureaucratic barriers, capacity gaps, and funding deficiencies are some of the main challenges SUCs are facing. Strong correlations between best practices and fiscal performance, like stakeholder collaborations, targeted budgeting, and objective alignment, were identified in this research, positing the necessity of optimal restructurings. This paper recommends an integrated framework anchored in ResourceBased View, Systems Theory, and Sustainable Development Theory to address such needs identified. The framework highlights promoting policy reforms such as streamlining grants and approval and diversification of IGPs into data driven and economic initiatives. The findings of this research ultimately emphasize the interdependence of IGPs and OD, underscoring that fiscal strength of SUCs needs synergized strategies stabilizing practicality with educational and community objectives. Key proposed actions are diversifying IGP portfolios, establishment of personnel-driven programs, and maximizing off-campus partnerships. Administrators are encouraged to reward private-sector collaborations and lessen internal restrictions. This paper provides shift from supporting revenue streams to developmental fiscal approaches for SUCs, leading to long-term improvement and quality education in higher learning.