Budget Crises Create Opportunity

Subtitled, Embracing a chance for change during difficult times," this University Business article by Rocky Young, retired chancellor of the Los Angeles Community College District, comes in three sections: "Increasing Revenue," "Surgical Cuts," and "Other Considerations."

One of the most valuable opportunities created by budget problems is the chance to put in motion some long-awaited changes for your college or university. These types of changes-even positive ones-can be difficult at any time, but they are often easier to accomplish in times of financial crisis because everyone recognizes that sacrifices must be made.

Still, it's important to be focused and selective, by first increasing revenue, then making the unavoidable cuts.