I am curious how different universities evaluate their performance. I am curious to know if there is a standardized (or even just generally accepted) set of metrics that universities use to rate their performance or to determine if their college is succeeding ("succeed" being a very open term here and likely varying between institutions).
- What does it mean for a university to perform well? (High graduation rates? Low dropout rates? High endowment? High fill rates for their classes?) Is this even a well defined question?
- What sort of metrics do universities typically use to evaluate themselves?
I keep mentioning universities but knowing how two year colleges approach the problem is also interesting (I'm less interested in the primary/secondary schools). The question is also not location specific and might even be more intriguing to see how non-US universities measure themselves.