A Global Shift in Higher Education Requires a New Business Model:
Changing Higher Ed Podcast 180 with Drumm McNaughton and Catherine Friday
Navigating a Global Shift in Higher Education The traditional business model of higher education is facing an unprecedented challenge on a global scale. For universities that don’t have the cushion of the Ivy League list, the stark reality of declining enrollment and soaring costs looms large. Today’s educational leaders are grappling with a landscape where class sizes have shrunk to nearly 70-80% of what they were just half a decade ago. This contraction is not a mere ebb and flow but a clarion call for a fundamental change in how these institutions operate. Cutting costs, a go-to strategy in lean times, has reached its limits. Universities are discovering that austerity measures alone can’t bridge the gap between dwindling revenues and rising expenses. There’s a pressing need to reassess underutilized
