COVID-19 has exacerbated existing threats to higher education institutions’ financial stability—including enrolment volatility, value-for-money concerns, and an expensive delivery model. As a result, university leaders acknowledge the urgency to expedite transformative changes to their institutions’ core operations and strategy.
In this 15-minute video, John Workman walks through the key findings from a recent EAB survey of higher education business leaders, focused on the types of transformative changes they’re considering in response to accelerating financial pressures. Key trends discussed include:
- Business model recalibration vs radical redesign
- Expanded role of technology
- De-prioritisation of the residential model
- Rethinking cross-subsidisation mechanisms