Board engagement in strategic planning and strategic thinking is essential in today’s uncertain higher education environment. Strategic actions enable colleges’ and universities’ forward-looking leaders to effectively respond to rapidly evolving challenges.
Boards must ensure strategic thinking guides strategic planning in the boardroom and throughout the institution. Strategic planning requires data-informed, inclusive, and collaborative dialogue among board members, administrators, faculty, staff, and key stakeholders. Ultimately, boards are indispensable when it comes to creating strategic visions of the future; they spearhead the alignment of strategic plans and institutional missions to ensure the long-term fiscal sustainability and growth of higher education institutions.
AGB empowers our members to prioritize strategic planning, and we encourage boards to ask questions about key assumptions, resource requirements, and priorities that drive your strategic actions.