Would you consider taking on the presidency of an institution in need of a turn-around? If so, in this blog I’ll introduce several Turn-around Principles you’ll need to keep in mind before taking on the challenge. Consider the following scenario (which is not derived from the experience of any
Whether it’s the end of a successful Presidency or a board’s decision to seek new leadership, Presidential transition is never easy. It’s risky, time consuming and expensive and that’s before factoring in a level of cultural uncertainty as a new President takes the helm. And the experts are
A slow plodding revenue growth strategy may no longer provide private colleges with the financial reserves needed to survive. For decades, marginal increases in enrollment, tuition, and other revenue sources were good enough to cover expenses and provide a cash buffer against unforeseen
Too many budget-enrollment and net tuition strategies are based on finding just enough new students to cover next fiscal year’s budget expense. This strategy worked fine when colleges tended to stay within their own markets, labor costs were low for skilled positions, and technology was not
Presidential transitions are never easy, neither for the president nor for the institution. No matter how effective the transition plan, there is always disorientation with loss of momentum. Some institutions and individuals weather transitions seemingly without any difficulty; they are