Economy, Strategy, and the People Factor

In his article, “Financially Strapped Colleges Grow More Vulnerable as Economic Recovery Lags,” Mark Keierleber documents the changing tide of financial resolutions that some institutions are leveraging to stem losses. In it, we see institutions resorting to staff and faculty layoffs — a relatively recent occurrence that impacts not just the short-term financial sustainability of the institution, but the culture as well. This week on the show, Howard Teibel and Pete Wright talk about this trend as part of a package of adjustments the modern institution is turning toward for support as many struggle to adapt to new economic and educational realities.