Abstract:
As HEIs are becoming autonomous, the sheer need to search for new ways to overcome financial difficulties and diversify the sources of revenue becomes a necessity, not just a choice. The research problem, therefore, is underpinned by the need for higher education institutions to adapt new approaches to income-generating projects, allowing to conduct an investigation of the topic of alumni associations for them historically to serve as one of the fund-raising and networking venture at the universities of the US and Europe...