Association of Governing Boards Launches AGB Institutional Strategies

Consulting service to focus on institutional business models for higher education

Jan 07, 2016, 10:07 ET from The Association of Governing Boards of Universities and Colleges

WASHINGTON, Jan. 7, 2016 /PRNewswire/ -- The Association of Governing Boards of Universities and Colleges (AGB) announced today the launch of AGB Institutional , a new consulting service that focuses on the operational and financial challenges of colleges and universities.  

"Eighty percent of our member presidents, when asked, indicated that colleges and universities need assistance in addressing their business model," said Richard Legon, President of AGB. "AGB Institutional Strategies was created to help our members with both cost and revenue challenges and to be a resource regarding new business models."

AGB Institutional Strategies uses a distinctive methodology that includes three services: Discovery, Innovation, and Implementation. The services comprise external evaluation and diagnostics assessments, as well as innovative strategies to address revenue and cost alignment. As part of its process, AGB Institutional Strategies provides its members with an understanding of the macro trends shaping higher education and works to align those trends with new business models. The staff has extensive functional experience in diagnosing institutional problems, inventing workable solutions, and guiding implementation at all levels of the organization.

Richard Beyer will serve as Founding Managing Principal of AGB Institutional Strategies. Rick has over 20 years of experience in industry leadership and higher education governance. He is the former President of Wheeling Jesuit University and a former AGB board member.

"Changing consumer habits, new delivery models, and affordability are just a few of the macro trends that are shaping the future of higher education," Beyer said. "Institutions today must better align their mission with the changing trends in higher education, and AGB is uniquely positioned to help its members as they work on advancing their future." Beyer continued, "The business of higher education is our only business. This new AGB service will allow institutions to address critical and strategic issues related to their future."

"AGB is the leader in higher education board governance and our expanded service on new business model initiatives is a natural extension for us as we continue to be a trusted resource for our members," said Nelson Carbonell, AGB board member and Chairman of the board at George Washington University. "Today board members and senior administrators are faced with extraordinary challenges as they navigate their future through a period of uncertainty, and AGB Institutional Strategies will be a valuable resource for our members."

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About AGB
For over 90 years, the Association of Governing Boards of Universities and Colleges (AGB) has had one mission: to strengthen and protect this country's unique form of institutional governance through its research, services, and advocacy. Serving more than 1,240 member boards and 36,000 individual citizen trustees, AGB is the only national organization providing university and college presidents, board chairs, trustees, and board professionals of both public as well as private institutions and institutionally related foundations with resources that enhance their effectiveness. In accordance with its mission, AGB has developed programs and services that strengthen the partnership between the president and governing board; provide guidance to regents and trustees; identify issues that affect tomorrow's decision making; and foster cooperation among all constituencies in higher education.

SOURCE The Association of Governing Boards of Universities and Colleges