The document summarizes an annual meeting to discuss a project on new economic models for higher education. It outlines the goals of ensuring institutions can fulfill their missions affordably and equipping members with tools to impact debates on needed changes. The agenda includes overviews of related publications and research, as well as constituent council and focus group results identifying strategic issues inhibiting sustainable models. Participants will brainstorm these issues and discuss managing change challenges in higher education's economic model.

1. Economic Models Project
Annual Meeting
Meeting of the Minds
July 21, 2015
Bob Shea
Jackie Askin

2. Agenda
• Overview of Economic Models Project
• Business Officer Magazine Double Issue
• Results of Prioritization from Constituent
Councils and NACUBO Board
• Similar results from all Focus Groups
• Research partner TIAA CREF Institute PhD’s
• Discussion with you

3. Economic Models Project Goals
• Ensure that the economic models enable
institutions to fulfill their missions of instruction,
research and service
• Equip NACUBO members with a comprehensive
tool that provides the foundation for institutional
conversations
• Impact the national debate with objective
quantitative and qualitative information
• Develop a communications strategy that allows
NACUBO and its members to be a prominent
voice in the discussion of the needed
changes to the higher education economic
model

4. Why New Models?
• Questions of access and
affordability: increasing tuition
• Declining public support
• Changing expectations for outcomes
• Changing delivery modalities
• Increasing and changing costs
• Globalization
• Disappearing institutions and new
competition

6. How Do We Help Change the Economic Model?
1. A Sense Of Urgency
2. A Powerful Guiding Coalition
3. Create a Vision
4. Communicate the Vision
5. Empower Others to Act on the Vision
6. Plan for and Create Short Term Wins
7. Consolidate Improvements and Produce More
Change
8. Institutionalize New Approaches
Source: Winning at Change, John P. Kotter, Leader to Leader, No. 10 Fall 1998

7. From S&P Jan and July 2015

8. Brainstorming Exercise
• “What strategic issues, spoken
or unspoken, on your campus
are inhibiting you from moving to
a sustainable economic model?”

10. Change Management Challenge
• “…we are limited by the ungodly
combination of honoring tradition
and unrealistic ambition—this is
higher ed’s affliction.”
VP of Enrollment, Communication and Planning

11. THEMES FROM CONSTITUENT COUNCILS

16. THEMES ACROSS GROUPS