Invest in Institutions Strategy Lab
This lab will focus how policymakers can encourage the adoption of good business practices and reinvest these savings into overall priorities for higher education. Specifically, colleges and universities should regularly review their costs; consolidate, outsource or eliminate programs and services where necessary; and reinvest cost savings toward increasing student completion of high-quality programs.
Overview
States, their higher-education systems, and individual campuses must continuously evaluate core cost structures and look for permanent savings that can be reallocated to increase the capacity of the state to graduate more students. In return, governors and legislators should expect “best business practices” by reviewing cost savings and reinvestment as part of their annual budget development and review processes. |
Ohio
A profile of Ohio's Committee on Efficiency - comprised of campus and state staff as well as representatives from the business community and campus boards of trustees—to continuously monitor and promote efficiency and collaboration throughout the system. |
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Maryland
In 2003, the Board of Regents' Work Group for Effectiveness and Efficiency began work that's added to that reputation. It developed a plan to improve academic quality and maintain access at the same time the system managed budget cuts and streamlined operations. |
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