Karin Fischer - The Chronicle of Higher Education, September 14, 2010
At the recent meeting of the Organization for Economic Cooperation and Development (OECD), Soumitra Dutta, a professor of business and technology at Insead, critiqued higher education for largely missing the opportunity to use the recession to stimulate significant change. Even with a "dose of hot water" caused by the recession, Mr. Dutta said, most universities have tinkered at the margins, freezing faculty recruitment and reducing administrative expenses, rather than taking a hard look at how they do business.
This theme was carried forward by Peter Smith, Vice President for Academic Strategies and Development, who observed that a student-centric, employment-focused experience was desired by students seeking to lift out of recession. "Do it better, cheaper, or more appropriately—that's the metric for universities," he said...