“In this new environment, HigherEd institutions that are less in love with tradition and more in love with their students will be the ones that thrive.”
Michael Sorrell, President, Paul Quinn College
At a Crossroads
Higher education is at an existential crossroads in which a combination of external factors have conspired to render the traditional financial and operational models obsolete for a majority of institutions.
The Opportunity
Although the higher education market is shrinking, the post-secondary market is growing. In fact, four of the six main components of the post-secondary ecosystem are expanding and the fifth, government, will likely begin to grow again post-pandemic, particularly via workforce development and professional development for public employees.
The Process
Our engagement begins with a deep dive assessment of the current state across multiple areas relevant to transformational change, followed by ROI-based goal articulation and prioritization of focus areas for reinvention, planning for change, execution, and ongoing assessment.
For leaders who are committed to the process, the TC can support any change initiative.
Requirements for Change
Active Change Management
Understanding the Organization’s Readiness (psychology and culture)
A Solid Rationale/Purpose
Supporting Attitudes/Beliefs
Incentives to Change/Disincentives Not to Change
Planning
Communication
Supporting Processes/Procedures/Systems
Correctly Framing the Disruption (Threat vs. Opportunity)
Strong Leadership (with humility and empathy)
This is a daunting list and demonstrates why many institutions struggle to implement transformative change without external help.
Developing an Effective Business Model
Through our process, together we will uncover and develop an effective, diverse revenue stream business model based on TC’s assessment and recommendations + input from your key stakeholders.
The Transformation Collaborative™ difference is in Accountability and Execution. We are vested partners with a long-term commitment and accountability for results.
What We Deliver
Through our process, expect to see a comprehensive, deep dive assessment, prioritized areas of transformation focus, actionable plans, direct support for execution, and follow up analysis.
Other deliverables include game changing leadership development, operational excellence and best practices, revenue diversification, and reinvention of the student learning experience.