Abstract
The American system of higher education appears poised for disruptive change of potentially historic proportions due to massive new political, economic, and educational forces that threaten to undermine its business model, governmental support, and operating mission. These forces include dramatic new types of economic competition, difficulties in growing revenue streams as we had in the past, relative declines in philanthropic and government support, actual and likely future political attacks on universities, and some outdated methods of teaching and learning that have been unchanged for hundreds of years.
Highlights
The American system of higher education appears poised for disruptive change of potentially historic proportions due to massive new political, economic, and educational forces that threaten to undermine its business model, governmental support, and operating mission
If universities fail to rethink their strategic situations and business models, they may well fall to the coming educational “tsunami” (Auletta 2012)
The resulting synergies have produced dramatic progress for hundreds of years: universities are the primary stewards of the scientific community but the most sought after way to become educated, a primary driver in reducing income inequality, and a major generator of economic growth (Goldin and Katz 2008)
Summary
The American system of higher education appears poised for disruptive change of potentially historic proportions due to massive new political, economic, and educational forces that threaten to undermine its business model, governmental support, and operating mission. These forces include dramatic new types of economic competition, difficulties in growing revenue streams as we had in the past, relative declines in philanthropic and government support, actual and likely future political attacks on universities, and some outdated methods of teaching and learning that have been unchanged for hundreds of years. Inaction at this point may be as irresponsible to students, faculty, and staff at universities as it is to the country and world that depend on the continuing flow of breathtaking innovations that stem from university research to improve the economy, create wonder, and make the world a better place to live
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