Forget basketball and March Madness. Aside from always pressing financial issues, it is "MOOC madness" that has emerged as the topic "du jour" at a growing number of American colleges and universities. Indeed, in boardrooms all across the country, people are grappling with what the advent of MOOCs--massive open online courses--means to their…

Dormitories, student centers, lecture halls, laboratories, athletic facilities, quads--just try to imagine a residential campus without them. Impossible. They are among its most important assets. As fiduciaries, boards must ensure that those assets are protected and enhanced over time. But how to do so effectively when growing internal and…

The stately collegiate gothic buildings that define the iconic West Campus at Duke University evoke a strong sense of stability and the status quo. Like all institutions of higher learning, Duke faces many potential challenges to campus equilibrium--some of which could prove devastating to the university. Risk is inherent in academe, yet colleges…

A Dartmouth University professor puts the tasks that all organizations must perform into three boxes: (1) a box containing those things an institution does to make its core business as excellent as possible; (2) a box of "selective forgetting" for eliminating activities no longer productive or useful; and (3) a box of innovation for selective…

Recent political and economic trends pose a challenge to developing effective leadership capacity to guide public universities to the achievement of statewide goals. However, the increasingly complex political and economic contexts across the nation are making it difficult to develop such leadership capacity. The authors argue that it is important…

The strategic plan represents an institution's top priorities. Yet colleges commonly set aside financial resources to pursue them only after investing in maintaining the status quo. When building a budget, boards should focus on putting institutional assets at the center of the process and aligning fiscal decisions with their college's mission and…

Many small colleges are struggling and should remember that denial is not prevention. Technology is providing new ways for students to get degrees without being a resident on a campus, accrediting agencies are increasing their demands for evidence that students are learning, and the costs for operating an institution (such as utilities and…

What should boards be concerned about in 2012? What new issues--or old aspects of new issues--are on the horizon that boards should be addressing? What crucial topics should be on their agendas? Nine people who have years of broad and varied experience in higher education and its governance were asked for their views. As members of the AGB…

Service on a college or university board of trustees has always been an honor, and still is. It has always entailed significant responsibilities, and still does. At a time of rising expectations and diminishing resources, of profound demographic and cultural change, of global opportunities and global competition, trustees are called to think…

Moody's Investors Service provides credit ratings for hundreds of private and public colleges and universities--ratings that can strongly influence the interest rates higher-education institutions can obtain when they want to borrow money. How colleges are governed and managed are key determinants of those credit ratings, especially in an…

The downturn in the economy of the author's state, North Carolina, so far is less severe than that of much of the rest of the nation, due to their diversified economy, financial discipline, constitutional mandate for a balanced budget, "rainy day" fund, and many years of consistent investment in higher education. In the University of…

Public-private partnerships aren't new in higher education. But, in 2012, some especially compelling financial reasons accelerated development of public-private partnerships between public universities and private entities in their communities. Public institutions have never been under more pressure to find alternative sources of revenue to help…

Presidents and boards deal with great uncertainty all the time. Today, however, many of them also face a troubling certainty: Business as usual is the road to failure. The trend lines of revenue and expense, once aided by marginal income from growing enrollments, once amenable to marginal annual balancing tweaks, and once cushioned by reserves,…

Strategic finance is aligning financial decisions--regarding revenues, creating and maintaining institutional assets, and using those assets--with the institution's mission and strategic plan. The concept known as "strategic finance" increasingly is being seen as a useful perspective for helping boards and presidents develop a sustainable…

Seven small private colleges in three states have found a way to reduce their administrative technology costs and expand their technological capability at the same time. They have done it by choosing the common-sense, yet unconventional, college and university strategy of genuine collaboration. The result, the Independent College Enterprise (ICE),…