CPRS commissioned three issue papers on financial data and change management in higher education in preparation for a roundtable jointly convened by the American Council of Education and the TIAA Institute in September 2015. The convening brought together higher education thought leaders, business model experts, chief financial officers, and chief academic officers to explore financial data challenges faced by postsecondary leaders as they seek to ensure college affordability while managing shrinking revenue growth and the need to pedagogical another innovations.
These issue papers are bundled together for easier dissemination given their significance in exploring fresh insights on how the alignment of financial transparency and leadership can enhance higher education academic and business models.
In What Do Higher Education Leaders Need to Know About Insti¬tutional Finance? And What Can Available Data Tell Them?, Donna Desrochers, Matthew Soldner, and Thomas Weko of American Institutes for Research explore availability and limitations of institutional and public financial datasets to inform management and innovation initiatives.
Financial Data at the Crossroads of Cost Containment and Educational Innovation, by Dennis Jones from the National Center for Higher Education Management Systems, unpacks available institutional financial data to suggest key financial measures and conventions for productive educational program delivery and also theorizes about the application of these conventions to innovative models such as online and competency-based education.
In Key Challenges in Higher Education: An Economic Models Perspective, Jacalyn Askin and Bob Shea of the National Association of College and University Business Officers build on their work in the New Economic Models project to identify key leadership issues as the financial model of higher education transforms in response to changing economic and policy environments.
The report from the convening, Evolving Higher Education Business Models: Leading with Data to Deliever Results, is also available for downloading.