Academic Turnarounds: Restoring Vitality to Challenged American Colleges and Universities / Edition 1 available in Hardcover
- Pub. Date:
- Greenwood Publishing Group, Incorporated
What are the hallmarks of a comprehensive institutional turnaround? It is too easy to mistake a single initiative mounting a new marketing program, for example, or bringing in a million dollar donation for true and lasting change. Successful turnarounds require profound, often difficult, actions that affect the finances, academic offerings, and reputations of colleges and universities. They take institutions to new levels of performance and then present new chalenges. MacTaggart examines the several stages that comprise insitutional turnarounds and offers practical advice on setting and reaching higher levels of performance.
MacTaggart discusses the early indicators of a college or univerity's neeed for a turnaround. He and his colleagues outline financal trends and other indicators of distress, as well as benchmarks for the various stages of an effective turnaround strategy. Academic Turnarounds will help trustees, presidents, and faculty members diagnose whether they are in denial about the true condition of the insitution they are charged with preserving. Donors, state officials, accreditors, and others interested in the quality and vitality of American higher education will find direction in this book. Academic Turnarounds assists leaders to develop dramatic, purposeful strategies to revitalize challeneged colleges and universities.
What are the early warning signs that a college or university needs a turnaround? Waiting too long in the hopes that something other than dramatic, purposeful action will relieve a distressed institution is an all-too-common failing among trustees and other leaders. This book outlines the financial and other indicators of distress well as indicators of the stages in an effective turnaround strategy. It helps trustees in particular diagnose whether or not they are in denial over the true condition of the institution they are charged with preserving.
About the Author
Terrence MacTaggart has served as Chancellor of the University of Maine System and the Minnesota State University System. He participated in the turnaroud at Webster University (Mo.), led the revitalization of the University of Wisconsin, Superior, and orgnized the turnaround strategies that led to increased public support and a stronger reputation for the University of Maine System. MacTaggart has served as a consultant to more than ten univeristies, both public and private, on comprehensive turnarounds. His most recent books are Restructuring Higher Education: What Works and What Doesn't in Reorganizing Governing Systems and Seeking Excellence Through Independence: Liberating Colleges and Universities from Excessive Regulation.
Table of Contents
Part 1 THE NATURAL HISTORY OF TURNAROUNDS Chapter 2 The Three Stages of College and University Revitalization Chapter 3 Critical Success Factors in Restoring Financial Health Chapter 4 Transforming Ugly Ducklings: Marketing and Branding the New American Colleges Chapter 5 Academic Revitalization: Fulfilling the Turnaround Promise Part 6 SPECIAL TOPICS Chapter 7 A Practical Guide to Financial Matters Chapter 8 Turnarounds in Public Higher Education Part 9 LESSONS FOR LEADERS Chapter 10 Institutions in Distress—What Is a New President to Do?
Chapter 11 Advice to Trustees, Donors, and Accreditors
What People are Saying About This
"Filled with vivid case-studies and careful analyses, Academic Turnarounds, is a highly useful and insightful book. Terry MacTaggart and his co-authors have made a substantive contribution to both the theory and the practice of leadership and management in academic institutions. It merits the interest of a wide audience, including faculty leaders, administrators, and trustees."
For both practitioners and academicians, Academic Turnarounds provides essental information about how institutions get into trouble and recover. Its lessons are applicable to a wide range of public and private colleges and universities and especially during these tough economic times. The book's use of case studies and real word examples are nicely balanced with more conceptual frameworks about revitilization, financial analysis, and leadership lessons. I plan to refer to this book in my work with trustees, teaching, and writing and urge my colleagues to do the same.
"In today's challenging environment for higher education there is increased pressure for institutions to maintain a high level of quality while managing efficiently. When institutions find themselves in a difficult position they need to take bold steps to renew themselves. Financial pressure is just one area that can put an institution in jeopardy. It is time for a fresh take on collaborative leadership to meet these challenges head-on and to develop and implement a path to a turnaround strategy, when it becomes a necessity. MacTaggart and his colleagues raise some important issues and present solid recommendations. Presidents, board members and other institutional leaders should read and consider the advice contained in its pages. It is a volume that adds value."