coping with the lost decade: how boards and presidents can lead through change
DESCRIPTION
Presentation to state higher education leaders on strategic finance and how they can succeed through strategic alignmentTRANSCRIPT
- 1. Coping with the lost decade
How Higher Education Boards and Presidents can Lead Through Change - 2.
- 3. Trend Lines are Not Sustainable: Structural
Deficit
- 4. Where is Your College or University? Why do you say
that?
- 5. Solution to Structural Deficit
Increase revenues
Cut cost and increase productivity
Whittle away
Major tune-up: Cost-benefit, ROI, CQI
Stop doing things (termination)
Do different things (diversification)
Do things differently (innovation) - 6. Sample Productivity Strategies
6 - 7. What is Strategic Finance?
Strategic finance is aligning resource decisions
regarding revenues, creating and maintaining institutional assets, and using those assets
with the institution's mission and strategic plan. - 8. Strategic Finance Takes a Broader View
- 9. Target: Vision and Vitality
9
Vision:
Where we are going; what we will look like
Vitality:
Our mission-critical assets and ability to invest in the future - 10. Strategic Plan Missing, Not Communicated, Forgotten
10 - 11. ALIGNMENT: Strategic Plan is Working
11 - 12. Goals
Critical Priorities
cause indicator change
12
2020 Indicators: Vision # Vitality #
Strategic Plan
Vision
Vitality
Mission Core Values - 13. Strategic Plan Structure
Mission
Vision: [Define Quality and Vitality in 2020 and Beyond]
13 - 14. Sample Future Board of Trustees Scorecard
14 - 15. Board-President Leadership in Times of Change
Fiduciary duty of care: the buck of institutional vitality stops with the board. Develop/reinforce strategic board role. Partner with the president, respect presidents role, expect effective leadership.
Find common ground on how much/what kind of change is needed. Understand/support change management strategies.
Define and focus on a vital, sustainable future state and the actions that will cause it.
Trust AND verify, both ways. Early, often. Keep roles clear and support each other. - 16. This work is funded by Lumina Foundation for Education
through a grant to the Association of Governing Boards of
Universities and Colleges (AGB)
Ellen Chaffee, Ph.D.
Senior Fellow and Project Director, AGB
[email protected]