Category: Data-Driven Decision Support

The Alternative to Closing/Merging – Networking!

In my last post I identified that 14% of presidents think their college will close or merge in the next five years. With over 4,000 degree-granting institutions in the US, this could potentially mean that more than 400 colleges are at risk of closure or merging. In this post, Andrew Faulkner and I dig into […]

READ MORE

Seven Weeks to Data Analysis Nirvana

Skip the Rapid Prototype and go straight to the Rapid Fully Functioning Model It’s a common situation around the globe for financial analysts working for Higher Education institutions. Some type of looming crisis, major project or big decision requires detailed financial analysis… or as has happened here in Australia, the Government now requires universities to […]

READ MORE

The Great Higher Ed Financial Disconnect

The Critical Course Metric you probably don’t know about  Affordability and Financial Sustainability are primary concerns cited by Boards of Trustees of higher education institutions as stated in the latest AGB 2018 Trustee Index.    Unfortunately at most institutions there can often be a huge disconnect between affordability (price/revenue) and sustainability (cost/margins).    To determine if this is an issue at your institution, just ask this very simple […]

READ MORE

Is a tuition freeze a good thing?

It can be if you know how to calculate the financial impact and develop mitigating strategies… here’s how: “Tuition Freeze” seems to be a headline that’s popping up more and more in higher education news sites in the US.  A growing number of institutions are proposing a tuition freeze for 2019-2020, some have had a tuition freeze […]

READ MORE

Are you prepared for Higher Ed Disruption?

How can Higher Ed manage fundamental changes to their traditional business model? I was reading this article by Ray Fleming at Microsoft and it got me thinking about the Third Place concept for Higher Ed and in particular, how would an institution investigate the feasibility of establishing or transitioning to a Third Place model. For […]

READ MORE

Conference Debrief: LH Martin Service Improvement and Innovation

We were proud to sponsor and support the LH Martin Service Improvement and Innovation Conference down in Melbourne Oct 25 – 26.  We were also pleased to assist Ray Fleming from Microsoft with his workshop, where we dug into ways data can support decision making, which we will go through later in this post. The […]

READ MORE

Balancing Academic Values and Market Forces

Universities globally are under increasing financial strain. Government funding is decreasing, competition for students is increasing, tuition is rising and the true value of higher education is being questioned by students, parents and politicians. How do you balance academic values and market forces? The paper below, written by William F. Massy, Professor Emeritus and Former […]

READ MORE

Using Data Analytics to Achieve Financial Sustainability for Higher Education

Setting the Pace in Indy Indiana’s capital city hosted the NACUBO 2013 Annual Meeting, where business officers completed some victory laps in learning about the innovations vital to today’s higher education institutions. Good Governance Needed In these sessions, attendees considered how they can redesign and implement new business practices, overcome resistance to institutional change, and […]

READ MORE