This bit got me:
|“In a number of schools we are now seeking financial savings, including Engineering and design; English; History, Art History and Philosophy; Informatics; and Life Sciences” ... “In academic schools with recent growth and good prospects for the future, we are pressing ahead with our growth and development plans, including the schools of Business, Management and Economics; Global Studies; and Media, Film and Music”.|
The idea that any successfully-run business can't make money out of engineering, design and informatics (IT to you and me) is so crass as to completely undermine the credibility of this wannabe managing director. And if they can make money out of media, film and music, then they should perhaps make a blockbuster musical film to eke out the pennies in their kitty. (But what on Earth is "Global Studies"? I hate these meaningless course names; they're completely uninformative as to the content of the courses.)
To answer the question posed, universities are supposed to be primarily seats of learning. Unfortunately, the accountants who are running this country (into the ground, on present evidence) have turned them, and every other national institution, into money-chasing pseudo-businesses led by third-rate chief executives and financial directors.
I don't think it's business thinking in general that is blinkered; just the rather half-baked 'irrationale' that exists within the public sector. Another example of this would be the deplorable situation that was happening in Mid Staffordshire NHS Trust until fairly recently. I'm afraid that, until someone reads the riot act to the bunch of klutzes who run many of our public sector institutions, and gives the lot of them their marching orders, nothing is going to change. Short-termism and myopic cost-cutting is going to continue running our institutions down, while simultaneously storing up huge costs for rectifying the situation in the future.
I'm with Leila. The whole world often seems to be trapped inside a Dilbert cartoon. Except our pointy-haired bosses carry pitchforks.