For this Discussion, you will take on the role of an administrator or manager in an education department at a college or university. As a group you are to collaboratively determine:
- What strategies would you use to scan your internal and external environment for strengths, weaknesses, opportunities, and threats?
- How would you structure a collaborative process among stakeholders to understand your environment?
- How would you ensure that the knowledge you gain of your financial environment directly informs your decision making and management; that is, how would you apply this knowledge?
Table of Contents
Required Readings
Goldstein, L. (2019). College and university budgeting: A guide for academics and other stakeholders (5th ed.). Washington, DC: National Association of College and University Business Officers.
- Chapter 2, The Political and Regulatory Environment
- Chapter 3, The Economic Environment
Focus on the various internal and external factors in the environment that impact the context in which financial decisions are made.
database: http://ezp.waldenulibrary.org/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=eric&AN=ED501221&site=ehost-live&scope=site
Focus on the trends in college and university spending and revenues, and how spending and revenues interact with enrollments and degree completions.
Accreditation as a Catalyst for Institutional Effectiveness by Dodd, A. H. in New Directions for Institutional Research, 2004(123). Copyright 2004 by John Wiley & Sons, Inc. Reprinted by permission of John Wiley & Sons, Inc. via the Copyright Clearance Center.
What about the Rest of Us? Small Colleges in Financial Crisis by Chabotar, K. in Change: The Magazine of Higher Learning, 42(4). Copyright 2010 by Taylor & Francis Informa UK, Ltd. Reprinted by permission of Taylor & Francis Informa UK, Ltd., via Copyright Clearance Center.
Focus on how colleges with small enrollment and low endowments cope with financial uncertainty.
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