The issues of postsecondary governance, management, and finances relate very strongly to the topic of direction for and trends in postsecondary vocational education. There are three major areas for the research agenda. The first two have to do with the national trends in external agencies that affect campus governance, management, and finance and internal campus trends in these same three areas. The third area is to examine theories of organization that are relevant to higher education research and practice, specifically integrating management and governance theory and differential pricing. Postsecondary vocational educators must be concerned about the following trends if they are to give effective leadership in the future: reduced federal and state funding for vocational education and all of the impacts of reduced funding; partnership building between secondary institutions and industry (including labor); collaboration and joint programming among postsecondary institutions; and focused state strategies and plans for addressing industry-specific training. The Ohio model in postsecondary vocational and technical opportunities is one of the finest in that it forces a local understanding of economic development and the needs of business and industry as a requisite for participation in strategy formulation and program delivery. (MN)