Paul Jansen, McKinsey & Company - Forum on the Future of Higher Education, June 16, 2009
This presentation explores the likely impacts of the Great Recession on higher education. It traces reactions to past recessions. It suggests the possibilities for institutional strategies to weather the storm. These three strategies are 1) bridging, 2) “don’t waste a good crisis” and 3) through cycle. The through cycle approach involves: 1) We will not waste the crisis in terms of resetting our internal cost and will use our aggressive approach to shift resources to strategic priorities and 2) We will exploit weaknesses in competitors to acquire new customers, talent and competitors.