Transforming university finance and operations strategy in response to COVID-19

Video

Transforming university finance and operations strategy in response to COVID-19

Findings from EAB’s Strategy Transformation Survey

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

“What comes after COVID? What strategic changes will you need to make to your business model, not just to respond to the immediate crisis, but to set yourself up for long-term success?”

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