With plans for an administrative restructuring finalized, a university completes its roadmap to financial sustainability. Some early successes help boost momentum.
A university explores partnerships as a middle ground between its current state and a cost reduction effort that would eliminate programs and services.
As universities face difficult financial challenges, integrated strategic financial planning helps identify options to keep institutions on a sustainable path forward.
Strategy requires choices, which includes choosing what not to do. An assessment of resources and any constraints they may place on strategic options is a first step toward refining these choices.
As colleges and universities begin a third academic year still dealing with the impacts of COVID-19, the need to find the right balance between strategy and execution amid rapid change is more important than ever.
The unique characteristics of academic institutions can compound the difficulties, but colleges and universities that are serious about putting their strategy into action need to face this challenge head on.
The process of defining desired customer outcomes requires work, and that task is made more complicated for higher ed institutions because their services are often delivered over a course of years and extend across multiple areas, including academics, student housing, campus life, and job placement.