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ERIC Number: EJ863992
Record Type: Journal
Publication Date: 2009
Pages: 4
Abstractor: As Provided
Reference Count: 0
ISSN: ISSN-0009-1383
Pausing, Pondering, and Partnering: Communicating in Financially Challenging Times
Gross, Karen
Change: The Magazine of Higher Learning, v41 n6 p6-9 Nov-Dec 2009
In times of financial distress, the communication strategies of leaders of institutions of higher education are often flawed. This is because the best approaches to helping a campus deal with financial woes are counter-intuitive and require an understanding of money as a language. But bankruptcy law, financial counseling, psychology, and behavioral economics have lessons to teach that are transportable to an educational setting. Leaders who reevaluate how to think, talk and write about financial issues can improve how a campus responds to necessary but unpleasant fiscal decisions, as well as avoid mistakes that make matters worse. This article identifies several strategies that college and university presidents can deploy that will make these trying times easier to navigate. The provided "pointers" focus on the value of pausing, pondering, and partnering and describe the steps leaders can take to improve their capacity to speak money's complex language.
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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