Table of Contents
Learn how to manage the tension between expediting program cuts and maintaining faculty trust.
The vexing combination of higher expenses, lower enrollments, and reduced operating capacity will force institutions to make significant cuts to academic programs this coming year. Whether to balance the budget or to free up resources for reinvestment, the challenge facing leaders is not whether to cut programs but how to do so responsibly and fairly.
Drawing upon lessons from the Great Recession, our expert will share best practices for resource reallocation across academic programs. Recognizing that the urgency to make these decisions is much greater than it was 10 years ago, we’ll brainstorm ways to accelerate the process while also preserving its integrity so trust with faculty can be maintained or enhanced.
Who should attend?
Given the dual responsibility of strategic resource allocation, this virtual training and dialogue will benefit:
- Financial leaders who have experience allocating resources across academic programs
- Academic leaders who have insight into how academic programs need to be transformed to meet today’s challenges
1:00 – 3:30 p.m. Eastern Time
Part 1: Best Practices in Program Prioritization
1:00 – 2:00 p.m. Eastern
Our expert, Larry Goldstein, will provide a process for implementing Robert C. Dickeson’s model presented in Prioritizing Academic Programs and Services.
Part 2: Responsible Acceleration
2:00 – 2:15 p.m.
You will vote on discussion topics and divide into small groups to brainstorm how to accelerate or streamline parts of the process. Discussions may focus on:
- Scope of prioritization
- Decisions and governance
2:15 – 2:30 p.m.
Small Group Discussion
2:30 – 3:00 p.m.
Part 3: Considerations for Implementation
3:00 – 3:30 p.m.
You will reunite to share ideas generated in small groups. We will close with a solutions-focused discussion.
Final Q&A and Evaluation
3:30 – 3:40 p.m.