In his 2011 book The Fall of the Faculty, Benjamin Ginsberg, a professor at Johns Hopkins University, gives an explicit institutional analysis that explains what many faculty in North America have been feeling intuitively as their institutions have changed around them. The main change in universities in recent decades, Ginsberg argues, has been the rise of administrators at the expense of the core activities of the university - research and teaching. It matters, he argues, because administrators and professors have different world views. To professors, the university is a means to certain ends, all having to do with knowledge: the creation of it, the development of it, and the sharing of it. To administrators, teaching and research are means to the institution's ends. They are business lines, which an institution can take or leave, depending on what suits the current institutional goals (profit, or simply the expansion and growth of the administrative part of the institution). In an administrative world view, then, closing down an english department or a math department and allocating those resources to a parking lot is a perfectly rational thing to do.
The tone of Ginsberg's book is refreshing, and I suspect very deliberately irreverent. Power in an institution depends on maintaining a mystique of insiders who attend exclusive meetings (retreats, seminars, etc.), who are aware of insider language (including particular fads and acronyms), and hierarchies of titles and authority. Ginsberg describes the administration as 'deanlets', and pokes fun at their principal activities, including the production of strategic plans, media relations to maintain an institution's image, travel to seminars and workshops to meet other administrators in person (even if the topics of these workshops is the irrelevance of in-person instruction in the face of e-learning), and of course, the cultivation of relationships with wealthy donors.