PROSPECTS FOR FURTHER ADVANCING STRATEGIC MANAGEMENT MODELS FOR THE RA HIGHER EDUCATION INSTITUTIONS

Abstract

Higher education plays a pivotal role in societal transformations, a role that has been significantly influenced and accelerated by a complex interplay of external factors. These external factors encompass technological innovations, the drives of globalization and internationalization, rapid sociocultural changes, and evolving geopolitical dynamics. Globalization and internationalization will “form powerful motivations for the changes the HEIs will experience in the coming 25 years. There is an urgent need to keep up with the global developments and thereby retain access to talent and innovation” [8, p. 206]. In-depth understanding of "factors contributing to effective change within a given culture and context, clear vision and values, competitive strategies and priorities, comprehensive analysis of system and society needs, complete government commitment, and change agent empowerment are crucial for successful diffusion of good practices” [4, pp. 27-28] at any higher education system. Higher education institutions (HEIs) serve as central change agents in societal transformations and economic transitions of any country.