article thumbnail

Why your school must buck its current financial planning process

University Business

Higher education finance leaders face declining enrollment , rising labor costs, inflation and decreased funding from state, federal and donor sources as the top challenges expected to have the greatest financial impact on their institutions over the next five to 10 years, according to a recent Syntellis survey.

article thumbnail

Strategic Planning in Higher Education: Path to Success

Creatrix Campus

Overcoming Opposition to Change To promote acceptance and flexibility among stakeholders in higher eds, successfully managing change can be necessary while implementing technology software automation. Retrieving real-time data analysis and stakeholder feedback are other missing parts when it comes to informed decision-making.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Five Things University Leaders are Prioritizing This Year (And Two They Should Be)

EAB

During my listening tour, one senior finance leader shared that they have invested in several leadership interventions to help former faculty, now administrators build their strategic thinking muscles.

article thumbnail

Interest rate changes could challenge universities, student loans and post 16 and vocational education

SRHE

by Sir Adrian Webb The publication on 13 September 2023 of the House of Lords Industry and Regulators Committee report on the Office for Students drew attention to the financial challenges facing universities in the UK and to the challenges associated with regulating and overseeing these risks. The PMR was set at 7.3%

article thumbnail

Rising higher ed leaders tackle campus challenges in EAB’s fellowship

EAB

The topics covered included student success, budget models, change management, and more. Projects addressed topics such as program review, data strategy, budget models, enrollment growth, and more. The blog posts below are written by the participants to showcase their project and early outcomes.

article thumbnail

Strategic Adaptation in Higher Education: Navigating 2024 and Beyond: Embracing Transformation and Resilience in Higher Education Business Models

The Change Leader, Inc.

Traditional cost-cutting measures, such as hiring freezes and budget cuts, offer only temporary relief – they fail to address the systemic issues that are eroding the financial foundations of these institutions. One University that is a leader in this respect is Franklin University in Columbus, Ohio. The employment numbers do not lie.

article thumbnail

5 Focus Areas for Campus Presidents Amidst Decreasing Trust

Campus Sonar

Across-the-board budget cuts? If you’re a campus leader without experts who have industry experience in marketing, finance, sales, and change management on your staff, chances are you’re hearing the same recycled ideas I shared above that put you in an untenable position. Or that roughly 40% of U.S.