Category: Institutions

Good Things

I am in a very good mood today, what with tomorrow being the start of a 2-week holiday in Tokyo which includes plenty of sumo (my daughter, the family expert, is predicting Hakuho 白鵬 to win the yūshō in a canter and Tochinoshin 栃ノ心 to win the 10 matches needed for promotion to ōzeki).  I’ll be off blogging next week but back the week after, but before I leave, as I am in such a good mood, I thought I would take an opportunity to get away from my usual

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Watching the Americans

[the_ad id=”12142″] Yesterday I looked at the situation at Purdue University in Indiana and noted that one of the things permitting the “miracle” of frozen tuition was the significant increase in state appropriations over the last few years.  This made me wonder whether Indiana was an outlier or not, and indeed how states had been performing in the recession’s aftermath. About ten years ago, as the economic crisis was starting to take hold in the United States, things started to turn really

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Risk (Conclusion)

[the_ad id=”12142″] Just to recap the last few blogs: First, ensuring that institutions are managing risk is pretty much the most important responsibility Boards of Governors have. They need the tools to understand how it is being done and where things need to improve Second, the most important risk to any institution is prestige. Yet few institutions bother to think clearly about how they are viewed by their key constituencies and why, particularly when it comes to the quality of

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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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