No Matter What the Future Holds, Understanding Program Economics is Vital

When it comes to fixing an academic program portfolio or running a healthy institution, understanding program economics is vital.  The goal is typically not to profit, but to generate funds that the college can re-invest to advance its mission, strategy, and quality of instruction. 

Continue ReadingNo Matter What the Future Holds, Understanding Program Economics is Vital
Read more about the article Finding a Sustainable Academic Strategy
Tree planted on an open book

Finding a Sustainable Academic Strategy

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…)

Continue ReadingFinding a Sustainable Academic Strategy
Read more about the article The Journey:  Fostering a Data-Informed Culture
Back view image of a businessman analyzing a virtual graph

The Journey:  Fostering a Data-Informed Culture

Higher Education faces increasing challenges. These challenges include expanding competition, changing demographics, altered perceptions of the value of a college degree, and a pandemic. Rapid, complex changes such as these require thoughtful, yet timely responses. All of us, from trade schools to Tier I research institutions, must look at how to best restructure people and process for greatest success, not only for economic feasibility and academic growth, but also to support institutional culture.

Concordia University’s leadership team recognizes these obstacles and has formulated a plan to address them. Our University’s Office of Institutional Effectiveness (OIE) ensures a holistic, coordinated, interdependent approach, one that leads to greater coherence and better decision making. Each month, I will be sharing insight into our journey with a particular focus on program evaluation and management.

(more…)

Continue ReadingThe Journey:  Fostering a Data-Informed Culture