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Drumm McNaughton speaks with Brent Miller, Higher Education Market Sector Leader at HED, about how institutional leaders are creatively structuring major projects through P3s, donor partnerships, and local bonds, while managing long-term costs and aligning with campus missions. and international institutions.
This might come in the form of added concentration options, such as MBA concentrations in entrepreneurship, accounting, finance, marketing, management, or strategic communications. This approach allows for a more efficient use of marketing investments, providing more options for prospective students within the same budget.
Importance of data-driven decision making in higher education Data-driven decision-making in higher education holds significant importance as it enables institutions to: Identifying at-risk students and enhancing retention. Efficient allocation of budgets and staff. Improving course offerings and design.
The topics covered included student success, budget models, change management, and more. In each session, the fellows gained depth in new topics or terrains, developed leadership skills, and built a network with peers from institutions across the country.
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. Develop a Comprehensive Change Management Plan Creating a detailed change management plan is essential.
Several large universities, including West Virginia University and the University of Nebraska Lincoln, faced significant budget cuts. The growing complexities and pressures make the role challenging for a single individual to manage effectively.
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