For several years, a cadre of some of the savviest executives in higher education have been practically begging university administrators and trustees for the chance to advise them on a “strategic finance” approach to restructuring and planning. Until recently, they had a tough time getting college leaders even to set aside the time for a presentation on the topicâ??a free one at that. When youâ??re preoccupied with the immediate demands for budget slashing, or perhaps still hoping that the state cutbacks and declines in donations are just another cyclical bump in the road, it is certainly understandable that you might duck a major reconsideration of the universityâ??s very financing model and mission. Large public institutions in Indiana, South Carolina, West Virginia, and Wisconsin, as well as many private institutions, have already taken the plunge.
Office of Strategic Communication