Dear Small College President
Moody’s just released a report predicting that the rate of small college closings will triple by 2017. This has caused some consternation and backlash from small college presidents. I don’t plan to contest or affirm Moody’s prediction; I think what’s more critical to be aware of is that for you and other presidents of small colleges, there is not only a threat but a window of opportunity. Significant and sustained change is needed, but the change you need is within your own control. I have spoken with a number of small college boards and with many of your peers in the president’s seat. And there are five key messages that I want to share. 1. You have to differentiate. Small, student-focused, and a beautiful campus are not differentiators. How will you compete for students in an oversaturated market? When I ask administrators and board members at small colleges what sets their college apart, they point to their tight-knit community, their close faculty/student relationships, their beautiful campus, or their culture focused on student learning. Hundreds of small liberal arts colleges also have these characteristics. These aren’t truly distinctive—they aren’t competitive advantages. You need to be talking about: 2. You don’t have […]