Strategic planning enables colleges to direct discretionary dollars into high-impact areas that can enhance critical core activities, improving output. When the institution can disinvest financial resources in weak or noncritical core areas and redirect them through careful budgeting, it improves its chances for success. (MSE)

Offers a nine-step program to colleges and universities for selecting a consultant, including: (1) deciding what is needed; (2) evaluating in-house skills; (3) using what is available; (4) conducting research; (5) asking consulting firms key questions; (6) evaluating the information; (7) interviewing people; (8) selecting the consultant; and (9)…

The second part of a two-part article addresses four key issues for higher education administrators to consider as they investigate real estate opportunities. They are (1) market feasibility; (2) development strategy; (3) financing; and (4) governance. Guidelines for innovative real estate projects even during the potentially difficult early 1990s…

Indiana University-Purdue University at Indianapolis is the first public institution to implement Responsibility Center Management (RCM), a comprehensive decentralized, incentive-base financial management system. RCM has strengthened academic planning, budget management, general accountability, and multiyear fiscal planning. Organizational…

A university strategic planning approach that allocates resources simultaneously from the top down (administratively) and from the bottom up (based on expressed needs of the schools, colleges, and support units), making adjustments late in the process, is described. (MSE)

Discusses how colleges and universities with excess facilities should "rightsize" their campuses by divesting unneeded buildings and property. Such institutions should develop a comprehensive master plan, which includes a strategic plan, academic plan, space needs plan, facilities master plan, and financial plan. (MDM)

Five strategies for realistic deficit management in the college or university during fiscal stress are examined: (1) comprehensive strategic and operational budget planning; (2) examination of tenure-stream faculty positions; (3) program review and evaluation; (4) self-supporting auxiliary and service units; and (5) increased flexibility in use of…

College and university administrators can apply lessons learned from corporate management to expected financial pressures of the 1990s. Problems requiring strong leadership include unclear expectations of staff; weak measurement systems; accelerating change; and the strangling effects of excessive administrative processes. (DB)

Fiscal crisis in New England has been greater than that of early 1980s; colleges and universities should heed lessons. Presents guidelines extracted from study on organizations that effectively managed cutbacks in programs. Effective strategic planning was based on 8 preconditions that define system's capabilities to identify and react to decline…

Prairie View A&M University's (Texas) experiences are offered as lessons in how to establish institutional priorities and procedures for retrenchment. Thirty-one specific cost-reduction strategies and policy changes are presented, and the evolution of a formal, institutionalized budget process, nonexistent until fiscal year 1991, is described.…

A number of economic and social factors suggest that this is an appropriate time for colleges and universities to review employee retirement plans. Information that employees should have for retirement planning is reviewed, and basic principles for institutions to use in selecting a pension company are outlined. (MSE)

This excerpt from "Managing the Facilities Portfolio: A Practical Approach to Institutional Renewal and Deferred Maintenance" offers higher education business officers a conceptual framework comprising four steps: (1) establish baseline; (2) estimate needs; (3) compare model alternatives; and (4) report to management. (DB)

Discussion of child care for college personnel, fast becoming requisite in every benefits package, presents three composite cases illustrating the range of child care options available, looks at the kinds of flexibility parents need and program options available, and examines federal child care initiatives and program legal liabilities.…

Colleges and universities are finding innovative ways to cut electrical costs while maintaining the needed light and power to fulfill their educational missions. Farsighted planning of energy use is increasing, due in part to government and corporate leadership and support and to the changing vision of college administrators. (Author/MSE)