Julia Liao
If you ask someone why he or she would go to university and what benefits does university bring? The answers may be various. According to the article from Southern New Hampshire University on ‘Top 10 Reasons Why College is Important’, the article shows that the top reason for going to university are, ‘college graduates earn more on average’, ‘workers with a college degree are less likely to face unemployment’, ‘college graduates are more likely to experience job satisfaction’ and ‘college graduates are more likely to experience job satisfaction’ (Bogle, 2017). So why does the university place so much emphasis on the importance of employment? Voices from the capital market might show the answer. According to the report What skills do employers value most in graduates from World Economic Forum, in both reports in 2015 and 2020, the skills like ‘creativity’, ‘people management’, ‘negotiation’ and ‘service orientation’ are the most valuable ones (Pathak, n.d.). Actually, this is the embodiment of the new capitalism culture in universities and markets. Then what is new capitalism? According to Jessop (2000), “ the term ‘new capitalism’ is applied to those forms of contemporary transformations of capitalism which are characterized by a ‘restructuring’ of the relations between the economic, politic and social” (as cited in Simpson & Mayr, 2010, p. 37). This led to the reconstruction of those ‘non-commercial’ institutions, including universities, an classical example is the ‘marketization’ of universities. In fact, previous study of Mautner (2005) also indicates that ‘enterprise culture’ is powerful in Higher Education, the relationship between the market and Higher Education is not a merely on-side colonization, in fact the two domains intertwine (as cited in Simpson & Mayr, 2010). So here we are going to look into the example from University of Oxford, one of the most prestigious universities worldwide, aiming to know how the university adapts to new capitalism and uses language tactics to promote itself to the students.

(Picture source: https://www.nairaland.com/5378377/why-go-university)
| Become an entrepreneur – Commercialising research We’re focused on the real-world impact of our research. We’re one of the UK’s most successful organisations for commercialising research through technology licensing, accounting for £1 for every £10 earned by UK higher education. University of Oxford Innovation (OUI) has created over 160 spinout companies—more than any other UK institution—and was named best in the world in the 2017 Global University Venturing awards. These spinouts have raised over £1.9 billion in external investment since 2011, and now have a global turnover of over £600 million. The OUI’s new £500,000 fund, SE2020, supports the development and acceleration of spinouts where the focus is solving a social or environmental problem. |
(University of Oxford, Careers and Alumni, Become an Entrepreneur;
https://www.ox.ac.uk/admissions/graduate/why-oxford/careers-and-alumni?wssl=
1)

(Picture source:
https://medium.com/@info.delhipreneurs/entrepreneurship-a-boon-d50875e14ca3)
1. The first thing to notice here are the titles, ‘Become an entrepreneur’ and ‘Commercialising research’. In the phrase ‘Become an entrepreneur’, the word ‘Become’, indicating that students have the potential to be entrepreneurs, and the university is there to help them. The second phrase ‘ Commercialising research’, shows that the university treats its academic achievements as commodities.
2. Next, the detailed content of the ‘Commercialising research’. This part mainly talks about how the university is turning ‘research’ into a way of gaining funding and help incubating companies. This part uses numbers together with currency symbols such as ‘£1.9 billion’, to indicate that the commercialising research is ‘successful and powerful’ since it attracts capital. Business-related lexis evidences such as ‘spinout companies’, ‘external investment’ and ‘global turnover’ also show that the university has a great impact on the market.
To conclude, as being analyzed in this example, University of Oxford uses language tactics to advertize its information and services, as the way that companies usually do. This shows that language is a tool that serves in a certain culture, using language skills to shape a culture and achieve its ultimate goal. However, there is no right or wrong for the university to act like so because for each institution and individual that live in the era of new capitalism, adapting to development is an important way to ensure that we survive and become stronger, this might also be one of the best ways for human civilization to progress.
References:
Bolge, S. (2017, August 2). Top 10 Reasons Why College is Important. Southern New Hampshire University.https://www.snhu.edu/about-us/newsroom/2017/08/why-is-college-important
Pathak, P. (n.d.). What skills do employers value most in graduates? World EconomicForum.https://www.weforum.org/agenda/2016/02/what-skills-do-graduates-need-to-get- a-job/
Simpson, P., & Mayr, A. (2010). Language and power : A resource book for students (Routledge English language introductions series). London ; New York, NY:Routledge.
University of Oxford. (n.d.). Careers and alumni:Become an entrepreneur. University of Oxford.https://www.ox.ac.uk/admissions/graduate/why-oxford/careers-and-alumni?wssl=1













































