The higher education landscape is characterized by a wide range of institutions with various levels of financial stability. A few enjoy enormous wealth. Annually, a handful close or merge with other institutions. Most manage year ...
Let’s start by reviewing the budget components we assembled in part one:
Why redo department budgets at a time like this? There are so many other important considerations these days that this task might seem an unnecessary distraction. Well, we have just emerged from a pandemic; have ...
Philanthropy professionals will often say, “It’s all about relationships!” For the most part, they are referring to the externally focused relationships that exist between the university and alumni, friends, and donors. But equally important to ...
Now that the threats of the COVID-19 virus appear to be diminishing and campuses are returning to face-to-face instruction, it may be an opportune time to examine the budgeting models and policies that our campuses ...
Planning is often criticized in management books as well as in universities and corporations. History provides many examples of failures in planning. The Maginot Line in World War II was built to address the challenges ...
As the pandemic rips through university plans and budgets, many of us in positions of leadership are called upon to make significant budget cuts. Not the slow, incremental kind, but significant cutbacks that will affect ...
Colleges and universities will be challenged to offer more with less income and smaller student bodies in the 2020s, and for a variety of reason not stemming from the pandemic. Many institutions have already begun ...
Many of our institutions of higher education are presently in a fierce competition to recruit undergraduates. For some of them it is a matter of survival: improve your recruitment outcomes or suffer the fiscal consequences ...
As traditional revenue streams continue to wane, academic leaders at colleges and universities are increasingly expected to acquire new sources of support. While fundraising is nothing new for colleges and universities, those tasked with these ...