As tuition levels rise, there are growing calls for fiscal responsibility and expectations that colleges and universities will use data to drive financial decisions and tie expenditures to student outcomes. Many institutions, however, don’t have the tools to make those connections, resulting in financial decisions that are oversimplified and lacking sufficient context. A report by the American Council on Education’s Center for Policy Research and Strategy explores how higher education is moving from a data-poor to a data-rich environment and examines leadership strategies that presidents and their teams can use to couple financial and learning outcomes data with business model analysis to drive performance and enhancethe academic enterprise.
The report can be accessed at http://www.acenet.edu/news-room/Documents/Evolving-Higher-Education-Business-Models.pdf.