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The failures of the Coop provide insights into common management problems in not for profit institutions - including Oxford University.
Failed business people who blame the banks rather than themselves identify themselves as people whose future ventures should not be supported.
Among European universities, Oxford has the best of reputation. Yet, as the gap between the best European insitutions for higher education widens in relation to top American universities, it is worth asking whether Oxford is, under the current system of management, capable of reform.
John Kay responds to some of the criticisms that resulted from his recent article in Prospect Magazine.
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