The mission statement of Harvard University

The mission statement of Harvard University, as stated by Harry R. Lewis, Dean of Harvard College, in 1997, is as follows: "Harvard strives to create knowledge, to open the minds of students to that knowledge and to enable students to take best advantage of their educational opportunities" (qtd. in Harvard University, 2005, "What is Harvard University's Mission Statement?"). In order to achieve this primary mission, Harvard University seeks to create a learning environment that promotes free thinking, exchange of ideas, innovation and critical reflection among students. Moreover, administrators and educators at the institution strive to eliminate obstacles and barriers that will prevent the students from realizing their full potential. Ultimately, through their exposure to the learning experience in Harvard, it is hoped that the students will acquire "self-reliance and habits of lifelong learning" (Lewis, 1997, qtd. in Harvard University, 2005, "What is Harvard University's Mission Statement?").

Juxtaposing Harvard University's annual report (2003-2004) and strategic plan with its mission statement reveals a high level of compatibility. Essentially, the institution's acquisition and allocation of resources are in conformity to the mission statement and the strategic plan of realizing its mission, while maintaining financial stability. In spite of the increases in costs of operation and decreases in stable sources of government funding, Harvard University has continue

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ar, the wages increased by five percent and the benefits rose by 11 percent. Financial stability: In spite of increases in costs and decreased funding in various areas, the institution still managed to achieve an operating surplus of $36.8 million and total net assets of $26.9 billion during the fiscal year. Its financial stability has been achieved through its implementation of restructuring procedures to streamline operations, the successful investment of endowments, as well as continuous support from donors (PriceWaterhouseCoopers, 2004). Based on the above discussion, it is evident that Harvard University has used the mission to serve as a guide in developing and implementing its budget. Even as the institution strives to reduce its costs, it has continued to ensure that the quality of education provided to the students and their learning experience is not undermined by these cost-cutting measures. Rather, Harvard University has taken the opportunity to examine the cost effectiveness of its operations, eliminate redundant needs and re-allocate its resources to key areas. These key areas include the provision of financial assistance to the students; the improvement of academic offerings; compensation to the faculty and th

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