Category: Academia

Risk (Income)

Over the course of the last three days we’ve been talking about all kinds of risks: today, I want to talk about financial risks and particularly how institutions generate income. Greater institutional income is a panacea for problems facing institutional boards: the more income you have, the better position one is in to deal with all those risks we’ve been talking about all week .  A rich institution can pay to attract good staff (both academics and key non-academic positions, like

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Risks (Operational)

Ok, so we’ve been through all the prestige/reputational risk stuff (here and here), and tomorrow we will deal with financial risk.  But today, there’s the issue of straight-up operational risk: that is, the possibility that an institution (or part thereof) might not be able to open tomorrow. The obvious risks here relate to disaster planning: fire, earthquakes, environmental protection, etc.  This is the stuff the insurance companies really care about and with justification: these can really affect property values.  But with modern construction

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Risk (Reputation and Relationships)

When institutions talk about risk management, they primarily mean two things: operational risks (i.e. things which might prevent the institution from going about its usual business, which we’ll deal with tomorrow), and reputational risks.  This latter is not generally seen as relating to the actual quality of teaching and research (that has more to do with prestige, which we dealt with yesterday); rather, it has to do with “issues management” or worse, “crisis management”.  Risks to prestige are slow moving; risks

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Designing a University from Scratch (II)

Following on from yesterday’s discussion of the Minerva model (you might want to refresh your memory by re-reading yesterday’s entry, as detailed in the book Building the Intentional University: Minerva and the Future of Higher Education, I wanted to get into a bit more detail about whether the Minerva curriculum is a foretaste of things to come, a weird one-off, or an evolutionary dead-end. Short answer: I certainly hope Minerva represents a new trend in curricula, but I see one big

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University Commons Divided

A couple of months ago I reviewed Christopher Newfield’s The Great Mistake and said it was a great book that was very much worth reading, despite the fact that I disagreed with its central premise.  Well, I have another one of those, and it’s Peter MacKinnon’s new book: University Commons Divided: Exploring Debate and Dissent on Campus. What MacKinnon – ex-President of the University of Saskatchewan (1999-2012) and Athabasca University (2014-2016)  – has produced is a truly marvellous re-cap of all the major

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