MEASURING THE HEIS CONTRIBUTION TO SOCIETY

Over the last years, the interaction with the socio-economic environment was defined as the third mission of the higher education institutions (HEIs), along with the two other traditional missions, namely teaching and research. These three missions represent the foundation upon which HEIs are evaluated and they have a great impact on the strategy that schools are implementing in order to achieve their goals. International university rankings, which are global mechanisms of higher education performance measurement systems, have just recently started to develop indicators that measure the third mission activities. Thus, this paper provides a literature review of the indicators employed for the performance measurement of HEIs contribution to society