Presented by XOLAS, GBSN, EFMD Global Network, and Other Partner Organizations
“The world will be different after COVID-19!” You certainly heard this statement repeatedly in recent weeks. And you and your colleagues were probably left wondering to what extent it will apply to the business school sector as a whole and your institution specifically. Around the globe, colleagues are currently celebrating the successes of switching into online instruction with ease. Business schools have demonstrated tremendous agility in the face of adversity. Equally noteworthy is the strong display of a culture of sharing best practice in our community that helped to ease the transition of many institutions into online delivery.
These remarkable positives can however not make us overlook the financial burden that COVID-19 is imposing on business schools. Many institutions have suffered heavy losses in tuition and executive education revenues that may end up being a structural level-change rather than a temporary blip. Negative economic growth in many countries will reinforce the persistence of revenue drops.
We must further assume that COVID-19 will act as an accelerator for stackability, micro-credentialing and other drivers of institutional unbundling. Technology will make more rapid inroads into business school operations, to the benefit of stakeholders, but also with tangible impact on the underlying economics of delivering management education.
The writing is on the wall: The “business of business schools” will not be “business as usual” anymore.
This webinar series will provide guidance on how to adjust most effectively to this new environment. Sector and topical experts will get at the core of key issues and suggest a way forward. As a participant, you can challenge your own thinking and contribute to the debate.
The series will initially consist of five webinars. The first two webinars will deal with the most challenging financial issues facing business schools right now, how to cushion the downturn of executive education (#1) and how to cope with the drop of tuition revenues from international enrollments (#2). #3 will explore how business schools can become more resilient (i.e. strengthen their ability to “bounce back”). #4 will take a critical look at risk management practices in business schools (and their parent institutions); it will examine how risk management can be moved beyond compliance thinking to serve as a strategic decision-making tool. Finally, #5 will address funding issues that may present themselves nowadays in an exacerbated form, especially for stand-alone business schools or institutions transitioning into a semi-public status with enhanced financial autonomy.
We kindly request that you register for the webinars individually. Participation is free of charge.