In this episode, Drumm McNaughton and Mike Goldstein, Managing Partner at Tyton Partners, discuss the emerging trend among colleges and universities to engage in very different kinds of partnerships than what we have seen in the past.
As many schools struggle to generate sufficient revenue, mergers and acquisitions are becoming more common, especially among smaller schools. Goldstein explains how taking a wider and more creative approach when considering potential partners may enable dissimilar institutions and organizations to complement and enhance one another.
Institutions of higher education can benefit from looking beyond traditional models of what works to find new possibilities for synergistic transactions in the form of mergers, acquisitions, and partnerships.
Podcast Highlights
- Mergers between similar institutions may be hindered if those similarities include problems that created the need for a partnership in the first place.
- Schools may benefit most from partnering with different types of institutions whose strengths enhance and complement their own.
- While a small school may fear losing its identity by merging with a larger institution, leaders should remain focused on the primary goal of remaining operational to continue serving their students.
- Examples of creative mergers and partnerships between dissimilar institutions demonstrate how thinking outside of the box can lead to better outcomes.
To read the full show notes, visit https://changinghighered.com/opportunities-higher-ed-partnerships-mergers/
Resources
Dr. Drumm McNaughton is an international consultant for higher ed institutions. To find out more about his services and read other thought leadership pieces, visit his firm’s website, https://changinghighered.com/.
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