Forbes: How Higher Education Institutions In America Can Adapt To Today’s Challenges
September 14, 2023
Managing Principal and President, Brian Mitchell, recently published an article in Forbes about steps institutions of higher education can take to better prepare themselves for challenging and uncertain times. You can read the full article on Forbes.
“To me, the conclusion is painful but obvious: American higher education faces an existential crisis. Boards, administrators and faculty must wake up to the new realities that they face. For trustees, it may be too late to use an incremental band-aid. If the wounds are too deep, boards have a fiduciary obligation to plot a new strategy in an era of rising deficits to modify what the college offers, locate new revenue, seek new partnerships and affiliations, and merge or close. The goal must not be to postpone planning until the institution’s value is reduced to a real estate sale.”