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ERIC Number: EJ822796
Record Type: Journal
Publication Date: 2008
Pages: 5
Abstractor: ERIC
Reference Count: 0
ISSN: ISSN-1068-1027
Reversal of Fortune
MacTaggart, Terry
Trusteeship, v16 n1 p28-32 Jan-Feb 2008
It is no secret that plenty of colleges and universities are struggling to remain solvent in the face of competition for students, rising operational costs, and deteriorating physical plants. Insiders also know of prestigious institutions that are sliding toward mediocrity as they quietly lower standards to fill the first-year class, allow building maintenance to go unfunded for another year, and hold off on the pay increases needed to entice and keep the best faculty. What is less well known is what it takes to reverse these declines and to position these schools for a brighter future. The author and his colleagues set out to discover what makes successful turnarounds work. They studied some 40 institutions that transformed themselves to strengthen enrollment, student quality, finances, reputation, and academic quality. In the broadest terms, the critical factor in successful turnarounds is the quality of trustee and presidential leadership. The author and his colleagues observed plenty of examples of responsible, timely board intervention to halt and eventually reverse a downward slide. This article highlights some of the best practices of effective trusteeship in turnaround situations. It presents some examples of what can happen when trustees either fail to act or follow a wrong-headed strategy.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A