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More100 Tactics for Immediate Labor Savings
The Essential Five-Step Recipe for Process Improvement
An institution’s work processes are its means of production. They determine how people operate. Simplifying and standardizing those processes can create efficiency, free up capacity, and even unlock opportunities to scale. Many formalized process improvement methodologies compete for attention, but you don’t have to decipher all the buzzwords. Regardless of which approach you adopt,…
Account for market uncertainty in new program launches
Despite rigorous market demand evaluation, some program launches will not work out as planned. Two factors make hitting enrollment targets particularly difficult: 1. Market demand is inherently uncertain. Even with sophisticated data analyses, it is impossible to precisely anticipate student or competitor behavior. The best enrollment projections are still estimates, and estimates are prone to…
Stem program proliferation by actively managing your campus' portfolio
To remain financially sustainable alongside ever-present cost and enrollment pressures, colleges and universities must better manage a balanced program portfolio that advances the institutional mission, responds to market demands, and contributes to the bottom line. To this end, campus leaders are already beginning to think more critically about the programs that they launch, knowing that…
Build Financial Dashboards to Communicate with Boards and Other Stakeholders
The first step to building an effective financial dashboard is choosing which performance metrics to monitor and display. Most finance leaders share a similar set of revenue and cost metrics and financial indicator ratios. Use the link below to review the most commonly used metrics and ratios so you can avoid recreating the wheel. Finance…
Build Management Dashboards to Monitor Administrative Unit Performance
A major challenge to effectively leveraging data to drive change is picking the handful of core metrics that best measure unit performance. Given the countless ways to measure performance, unit leaders often struggle to choose the metrics that truly evaluate operational effectiveness. The first step to building effective management dashboards is choosing which performance metrics…
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Events
MoreState of the Union: Redefining Leadership in the Face of Market and Mission Shifts
About the Webconference This presentation, a summary of EAB’s most recent “State of the Union” address, is designed for leaders on both the academic and administrative sides of the institution to understand key trends shaping higher education in 2018. The presentation will feature insights into new student markets, including online, international, master’s, and degree completers.…
A Roadmap for Continuous Process Improvement
About the Webconference From prioritizing highest-payoff opportunities for profess redesign to considering longer-term investments in process reengineering capabilities, the Business Affairs Forum will present best-practices for building toward a continuous improvement mindset on campus. EAB brings implementation-ready advice and tactics from institutions with successful process improvement initiatives, including the University of Memphis, the University of…
2020 Business Affairs Forum National Meeting
Join us at a 2020 National Meeting Colleges and universities are facing unprecedented financial pressures while higher education itself is confronting substantial change—demographic shifts, declining middle class finances, and increased competition. These changes have started to erode the fiscal health of institutions across the industry. The Business Affairs Forum helps finance and administrative executives answer…