Historically, universities have not worried as much about financial stability. They’ve always have a glut of students. They’re worrying now.
finance transformation
To Tenure or Not To Tenure; That Is the Question
What is the “right mix” of classes taught by adjuncts vs full time instructors (with tenure and without tenure)?
Who Is Coaching Your Student Retention Team?
In order to improve student retention and financial health, it is crucial to involve multiple departments within a college institution, including the CFO.
Additional Endowment Spend: Symptom of a Larger Issue?
Many CFOs try to solve budget deficits by taking larger draws on their endowment. This may be a short-term option, but it is not sustainable.
What Can Higher Ed Learn from a Chef? (part 3)
Understand and project demand (enrollment). What if I have 15 entrees and customers rarely order a couple of them? Also, one of the main ingredients is not used for any another entrée. Would you discontinue the item? Why is it that in higher education, we continue to add to our menu without retiring offerings or […]
What Can Higher Ed Learn from a Chef? (part 2)
When I examine the change in our cost structure over time, I wonder if the stars on our campuses are really the extracurricular offerings.
Why do turnaround plans take so long?
Why does a financial turnaround take so long? To answer that, it’s important to recognize the entire change process.
Grief + Crisis Management = Transformational Change
When the pandemic began, I felt like a CBO (Chief Business Officer) without a university and a faculty member without a tenure track. On the faculty side, there was a sense of panic and loss. The challenges of teaching online, the inability to complete research projects, and the desire to see students learn weighed heavily. […]