1. Coping with the lost decade
How Higher Education Boards and Presidents can Lead Through Change

2.

3. Trend Lines are Not Sustainable: Structural Deficit

4. Where is Your College or University? Why do you say that?

5. Solution to Structural Deficit
Increase revenues
Cut cost and increase productivity
Whittle away
Major tune-up: Cost-benefit, ROI, CQI
Stop doing things (termination)
Do different things (diversification)
Do things differently (innovation)

6. Sample Productivity Strategies
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7. What is Strategic Finance?
Strategic finance is aligning resource decisions
regarding revenues, creating and maintaining institutional assets, and using those assets
with the institution's mission and strategic plan.

8. Strategic Finance Takes a Broader View

9. Target: Vision and Vitality
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Vision:
Where we are going; what we will look like
Vitality:
Our mission-critical assets and ability to invest in the future

10. Strategic Plan Missing, Not Communicated, Forgotten
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11. ALIGNMENT: Strategic Plan is Working
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12. Goals
Critical Priorities
cause indicator change
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2020 Indicators: Vision # Vitality #
Strategic Plan
Vision
Vitality
Mission Core Values

13. Strategic Plan Structure
Mission
Vision: [Define Quality and Vitality in 2020 and Beyond]
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14. Sample Future Board of Trustees Scorecard
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15. Board-President Leadership in Times of Change
Fiduciary duty of care: the buck of institutional vitality stops with the board. Develop/reinforce strategic board role. Partner with the president, respect presidents role, expect effective leadership.
Find common ground on how much/what kind of change is needed. Understand/support change management strategies.
Define and focus on a vital, sustainable future state and the actions that will cause it.
Trust AND verify, both ways. Early, often. Keep roles clear and support each other.

16. This work is funded by Lumina Foundation for Education through a grant to the Association of Governing Boards of Universities and Colleges (AGB)
Ellen Chaffee, Ph.D.
Senior Fellow and Project Director, AGB
ellen.chaffee@gmail.com