The following ten problems might be viewed as unfortunate outcomes of decisions. However, these problems arose because choices were made that led to these problems. The purpose of the list is to assist presidents and board members in recognizing high risk decisions...
Cash and Trust are imperatives for private college presidents implementing a turnaround strategy. Cash is obvious; no cash – no turnaround. Trust should also be obvious, but it is more nuanced than cash. In a turnaround, a president must be able to trust chief...
by Michael Townsley & James Gaddy As small colleges across the country face mounting challenges—declining enrollment, financial instability, and increased operational complexity—many are rethinking what effective leadership looks like. Between 2010 and 2021,...
Push and Pull-on Authority between President and Board of Trustees in a Financial Crisis Presidents and boards of trustees often respond to a financial crisis with a destructive contest in which a board resists the president for greater authority. The president takes...
U.S. Department of Education (DOE), credit rating agencies, banks, regional accrediting commissions, and boards of trustees want assurance of financial viability from colleges and universities. Different organizations have devised and adopted metrics[1] that they...