Financial Sustainability in US Higher Education Transformational Str
This book is a practical approach to insuring financial sustainability of US colleges, presented through the lens of organizational strategic thinking. The book does not simply offer models of how colleges can become financially sustainable in cost cuttin
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Marcel J. Dumestre
Financial Sustainability in US Higher Education
Financial Sustainability in US Higher Education Transformational Strategy in Troubled Times
Marcel J. Dumestre
Marcel J. Dumestre Arvada, Colorado, USA
ISBN 978-1-349-94982-3 ISBN 978-1-349-94983-0 DOI 10.1057/978-1-349-94983-0
(eBook)
Library of Congress Control Number: 2016953183 © The Editor(s) (if applicable) and The Author(s) 2016 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover illustration: Détail de la Tour Eiffel © nemesis2207/Fotolia.co.uk Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Nature America Inc. New York
To Margie
ACKNOWLEDGMENTS
Permissions were appreciatively received from the following publications to quote aspects of the history of US higher education and a substantive analysis of contemporary problems that universities face today. Lucas, Christopher J. American Higher Education: A History, Second Edition. New York: Palgrave MacMillan, 2006. Amit Mrig, “The Other Higher-Ed Bubble (The Bubble We Aren’t Talking About),” Academic Impressions Higher Ed Impact Diagnostic, June 6, 2013, http://www.academicimpressions.com/news/other-higher-edbubble. Amit Mrig, Daniel Fusch, & Patrick Cain, “Small But Mighty: 4 Small Colleges Thriving In a Disruptive Environment,” Academic Impressions Higher Ed Impact Diagnostic, June 2015, http://www.academicimpressions.com/sites/default/files/0615-small-colleges-md.pdf. *
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Fundamental elements of Part Three: Transformational Strategy came from articles that I wrote for the following publications. I thank them for their authorization to include that material in this book. “Strategic Thinking For Innovation in Higher Education, Part 1: Thinking About Thinking,” InsideTrack Leadership Series, March 2015, http:// www.insidetrack.com/wp-content/uploads/2015/03/marceljmumestre-strategicthinkingpart1-oped_-1.pdf?be6563. “Strategic Thinking For Inno
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