The purpose of this study is to select the best type of university that can grow continuously and create its own competitive advantages in a changing world. Based on the literature and related research, this paper studies the innovation, university types, and VIKOR method. Conducted among a sample of Taiwanese universities, the study analyzes 25 related experiential professors by means of a questionnaire. The VIKOR-based methodology will be used to tackle the ranking of four types of universities. The results of the present study found that the rank of the university types is: Research-Intensive University (RU), Teaching-Intensive University (TU), Professional-Intensive University (PU), and Communal-Intensive University (CU). A discussion of the key research finding s and some suggested directions for future research are provided.