If you have reached a certain age or are younger but with mad trivia skills, you may remember a famous fast food commercial featuring a feisty grandmother-type demanding “Where’s the beef?”
The familiar story of the blind men and the elephant is an apt description of how people view a college or university.
Many colleges and universities must respond quickly to pandemic-induced budget shortfalls in order to avoid unacceptable drawdowns of their reserves or even more severe financial disruption. However, the pandemic also may have upended their business models to the point where significantly new strategies must be found. They need to “Build Back Better” rather than simply close their budget gaps.(more…)
Campuses are coming back to life, but that doesn’t mean a return to business as usual. Virus containment remains critical, but so is the need to address the pandemic’s huge legacy of disruption. The financial health of many schools is severely challenged, and neither teaching and learning nor the character of student demand will ever be the same. Campus leaders feel an urgent need to close current budget gaps and develop strategies for the future.(more…)