DRIVING INNOVATION

Excellence in Leadership,
Science and Education

Great things are done by a series of small things.

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College and university administrators and trustees in the United States and those who follow the industry closely know its many challenges. Changing demographics, shrinking enrollments, online competition in locales that were previously protected, the unfortunate impact of rankings, higher costs of regulation and staff benefits, reduced state support, a public that is losing faith in higher education’s value and power to enhance social mobility, undergraduate excess capacity, and much, much more.

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For most industries the COVID-19 global pandemic will have a profound differentiating impact, accelerating and stimulating some (e.g. online retail and streaming media), while depressing others (restaurants and cinemas). So it will be with the higher education industry.

What impacts higher ed will impact our economic recovery. Not only does the industry account for 2.5% of GDP, but it is a critical determinant of individual recovery. Looking to the Great Recession of 2008-09, over 95% of the jobs created post-crisis went to workers with at least some college education and those with a college degree rebounded from the recession sooner.

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