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ERIC Number: EJ885230
Record Type: Journal
Publication Date: 2010
Pages: 7
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-1068-1027
The Possibilities of Strategic Finance
Chaffee, Ellen
Trusteeship, v18 n2 p8-14 Mar-Apr 2010
Strategic finance is aligning financial decisions--regarding revenues, creating and maintaining institutional assets, and using those assets--with the institution's mission and strategic plan. The concept known as "strategic finance" increasingly is being seen as a useful perspective for helping boards and presidents develop a sustainable long-term strategy to align an institution's revenues and expenditures with fulfillment of its mission, assurance of its educational quality, and preservation and enhancement of its assets. The concept of strategic finance can help governing boards stay true to an institution's overall mission even in difficult economic times. The Association of Governing Boards (AGB) recently gathered a group of experts to discuss the perspective provided by strategic finance, with the goal of illustrating how it can help institutions make strong connections among their strategic plan, long-range financial plan, and annual budget. This article presents this group's roundtable discussion that focused on the possibilities of strategic finance.
Association of Governing Boards of Universities and Colleges. 1 Dupont Circle Suite 400, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A