Higher education has long been considered slow to transform, but the past two years paint a different story. How can colleges continue to make progress?
For several months, AGB has been examining strategic transformation and the new realities of higher education and in a recent virtual forum, AGB’s Dr. Paul Friga and Scott Carlson, a senior editor for The Chronicle followed up on the ongoing discussion, with clips from six past events, in which they discussed ways colleges can advance their efforts to increase enrollment, improve governance structures, enhance multi-year financial forecasting, and improve relations with state governments.
Our latest Key Takeaways contains insights from eight higher ed leaders:
- Higher ed institutions can’t rest on their laurels, and must act with a sense of urgency, following a more corporate model with more tactical strategic planning.
- Colleges must understand their markets, set priorities, and focus on creating and differentiating products that directly meet their needs.
- There has long been inertia in higher ed, but uncomfortable change is now becoming the norm. Colleges can embrace change, with one foot in the future and other planted in the university’s past.
- Colleges must have an understanding of their cost structures and encourage a well-rounded conversation about the institution's finances across campus.