Although virtually all universities have accounting systems that track every dollar in accordance with the accounting rules required by auditors, these systems are not adequate to inform their leaders or the public about the profit and loss, productivity, or efficiency of their activities. Instead, they obscure the different revenue sources on…

When times are good, there is little urgency to evaluate fundamental assumptions, as investments can be made in new projects and structures while the old continue. Constrained resources do not allow this luxury. The current economic crisis and associated budget woes in universities requires individuals to be open to more radical and rapid change…

Parents, legislators, and even students worry about graduation rates at American public colleges and universities. They compare the statistics they see to their idealized memory of a time when college students enrolled in college immediately after high school and graduated with a bachelor's degree four years later. Although this enrollment pattern…