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The New Balancing Act In The Business Of Higher Education

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The New Balancing Act In The Business Of Higher Education

Robert L. Clark , Madeleine d’Ambrosio

Edited by Robert L. Clark, Professor of Economics and Professor of Management, Innovation and Entrepreneurship, North Carolina State University, US and Madeleine d’Ambrosio, Vice President, TIAA-CREF Institute, US

In Association with TIAA-CREF
2006 232 pp Hardback 978 1 84542 731 3
ebook isbn 978 1 84720 287 1

Hardback £78.00 on-line price £70.20

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Description
‘In The New Balancing Act in the Business of Higher Education, senior insiders and noted scholars assess the economic conditions facing America's universities and colleges in the 21st century. The picture they paint is not bright. In forthright and unflinching – but far from despondent – language, the authors consider many important issues that must be addressed even as they are often (wishfully) overlooked: stagnating college enrollment rates; the need for cost containment and systemic reorganization; institutional inertia; contingent and contract faculty; and the decline in state funding. This volume is full of useful insights and clear interpretations to aid policymakers and scholars in shaping a more optimistic future for higher education in the US.’
– Clive R. Belfield, Queens College, City University of New York, US

Managing institutions of higher education has always been a balancing act as campus leaders address business issues while staying true to their institutions’ academic missions. What makes it increasingly challenging are emerging internal and external factors – including changes in federal and state funding levels, rapidly evolving demographics on campuses and in the workforce, and higher expectations and changing demands from a wide and diverse group of stakeholders. In this volume, higher education leaders explore the challenges facing colleges and universities operating in today’s environment and discuss a variety of strategies and solutions being employed to help ensure the ongoing vitality of America’s colleges and universities.

Contents
Contents: Foreword by Herbert M. Allison, Jr. Introduction Part I: Enhancing Revenues at Colleges and Universities Part II: Changing Faculty Employment Practices Part III: Implementing Change at Colleges and Universities Index Contributors: M.F. Adams, H.M. Allison, Jr., D.W. Breneman, R.H. Bruininks, R.L. Clark, A.R. Cohen, M.B. d’Ambrosio, R.G. Ehrenberg, K.L. Hall, J.C. Hearn, S.O. Ikenberry, W.E. Kirwan, H.L. Kneedler, D.A. Longanecker, B.F. Quillian, J.E. Sexton, K.A. Shaw, C.A. Trower, R.W. Wagner

Further information

‘. . . the stature of the authors, who include prominent university presidents and chancellors as well as leading researchers on the business of higher education, makes this a worthwhile read. Not to be missed are the chapters on how three Virginia universities are redefining what it means to be a public university, and an interesting and provocative look at the looming financial crisis in higher education and how it can best be addressed. Highly recommended.’
– F. Galloway, Choice

‘The New Balancing Act in the Business of Higher Education is a must read for higher education leaders. It captures the major challenges of balancing enhancement of revenues to sustain mission and core values with containing costs to keep tuition for students affordable. At the same time, given the changing nature of the faculty, colleges and universities must respond by developing more flexibility within faculty careers. And presidents must lead their institutions through transformative changes that require trust and credibility among the stakeholders. Now is the time for strong, collaborative and decisive leadership.’
– Claire Van Ummersen, Vice President and Director, American Council on Education, US

‘This volume is an important read for those responsible for working through an environment in which change is the one true constant.’
– Richard D. Legon, President, State Higher Education Executive Officers, US

‘The New Balancing Act in the Business of Higher Education clearly indicates the ‘world’s finest system of higher education’ (as we have so long claimed) is undergoing an identity crisis. Stan Ikenberry begins by pointing with alarm to an eroding “social compact”, the once well-understood reciprocal responsibilities between higher education and society. Then other leaders, in a series of thoughtful essays, outline the dimensions of our situation. They warn of the risks of pursuing new revenues without a firm grasp on core values, and explore the challenges of rebuilding trust, the centrality (and growing marginalization) of faculty academic leadership, the pernicious effects of inertia, the urgency of innovation and change, and the evidence of successful leadership and adaptation. Global forces have made success in higher education indispensable to almost all of the American people. Without compromising on quality, the nation needs substantially more widespread educational attainment. We are in a crisis; “business as usual” is entirely unacceptable. The New Balancing Act in the Business of Higher Education is a step beyond denial, toward essential change.’
– Paul E. Lingenfelter, State Higher Education Executive Officers, US

‘The nation’s leadership in higher education is on the line, and colleges and universities need tools and insights to remain competitive. The New Balancing Act in the Business of Higher Education should be part of their toolkit.’
– Travis Reindl, Director of State Policy Analysis and Assistant to the President, American Association of State Colleges and Universities, US

‘In The New Balancing Act in the Business of Higher Education, senior insiders and noted scholars assess the economic conditions facing America’s universities and colleges in the 21st century. The picture they paint is not bright. In forthright and unflinching – but far from despondent – language, the authors consider many important issues that must be addressed even as they are often (wishfully) overlooked: stagnating college enrollment rates; the need for cost containment and systemic reorganization; institutional inertia; contingent and contract faculty; and the decline in state funding. This volume is full of useful insights and clear interpretations to aid policymakers and scholars in shaping a more optimistic future for higher education in the US.’
– Clive R. Belfield, Queens College, City University of New York, US

This volume, part of the TIAA-CREF Institute Series on Higher Education, is based on a national conference, The New Balancing Act in the Business of Higher Education, which was convened by the TIAA-CREF Institute in November 2005.

Managing institutions of higher education has always been a balancing act as campus leaders address business issues while staying true to their institutions’ academic missions. What makes it increasingly challenging are emerging internal and external factors – including changes in federal and state funding levels, rapidly evolving demographics on campuses and in the workforce, and higher expectations and changing demands from a wide and diverse group of stakeholders.

In this volume, higher education leaders explore the challenges facing colleges and universities operating in today’s environment with constrained budgets and discuss a variety of strategies and solutions being employed to help ensure the ongoing vitality of America’s colleges and universities.

Full table of contents

Contents:

Foreword
Herbert M. Allison, Jr.

INTRODUCTION

1. Walking the Financial Tightrope: Balancing Costs and Revenues with Commitment to Mission
Robert L. Clark and Madeleine B. d’Ambrosio

2. American Higher Education: The New Balancing Act
Stanley O. Ikenberry

PART I: ENHANCING REVENUES AT COLLEGES AND UNIVERSITIES
3. Enhancing Institutional Revenues: Constraints, Possibilities and the Question of Values
James C. Hearn

4. Higher Education: Meeting Today’s Challenges and Regaining the Public’s Trust
William E. Kirwan

5. Negotiating a New Relationship with the State: The Virginia Experience
David W. Breneman and H. Lane Kneedler

6. Money for Something – But What?
David A. Longanecker

7. Regaining the Trust in Higher Education
Benjamin F. Quillian

PART II: CHANGING FACULTY EMPLOYMENT PRACTICES
8. The Changing Nature of the Faculty and Faculty Employment Practices
Ronald G. Ehrenberg

9. The Faculty of Tomorrow’s Research Universities
John Edward Sexton

10. Of Canaries, Storms and Dickens: Finding Balance for Faculty in Public Higher Education
Kermit L. Hall and Robert W. Wagner

11. Socrates, Thoreau and the Status Quo
Cathy A. Trower

PART III: IMPLEMENTING CHANGE AT COLLEGES AND UNIVERSITIES
12. Institutional Change: The Why and the How
Kenneth A. Shaw

13. Effecting Institutional Change through Innovative Capital Financing
Michael F. Adams

14. Implementing Renewal and Change
Robert H. Bruininks

15. Observations and Reflections on Organizational Change
Allan R. Cohen

Index



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