McKinsey: How to transform higher-education institutions for the long term

The COVID-19 pandemic has exacerbated the pressures that higher-education institutions face. Even some of the most notable and stable institutions are experiencing significant declines in tuition and auxiliary revenues as well as increasing budget shortfalls. A transformation approach that enables institutions to operate more flexibly and resiliently in the long term can help institutions emerge on a stronger footing from today’s challenges and brace for those of the future. We provide five inspiring case examples that prove a transformation approach is not only possible but also essential for the long-term success of institutions.