Higher education is a highly regulated industry at the state and federal levels and the demands from the lawmakers, regulators, and the public continue to increase. There will always be a basic set of regulations that pertain to employment, financial,…
Strategic management and operational management are different and equally important aspects of the business. They’re separate, but related processes that work in parallel to each other. Each process can run on its own and in poorly run companies, they sometimes…
Among their other responsibilities, healthcare boards are responsible for ensuring that management teams and finance teams run efficiently while pursuing goals that lead to profitability. In order for healthcare organizations to succeed and provide quality healthcare for all their patients,…
One of the greatest benefits of the Information Technology Era is interoperability, or the ability of computers to easily share information. In addition to having one primary physician, it’s not at all uncommon for people with certain health conditions to…
Budgeting is something that gives leaders peace of mind. A little upfront planning alleviates a lot of problems as the year goes on. Having a budget supports an organization's business plan by mapping out the financial landscape for the coming…
In a perfect world, all corporations are driven by their missions. More often, when we think of mission-driven organizations, we think of the nonprofit sector. All corporations face challenges and the nonprofit sector presents a host of challenges that are…
Despite everything going on in the world, there’s been no slowdown in cyberattacks. The increase in the complexity and sophistication of cyberattacks continues to plague cybersecurity experts. If your company hasn’t been victimized by a data breach, it could be…
One of the industries that’s been hit from all angles due to COVID-19 is colleges and universities. Study abroad programs have been affected. Graduations have been canceled. Students can’t access labs or complete board exams. Research programs have had to…
Establishing trust on a board is difficult enough on its own. It’s not unheard of for boards that have been working together for a long time to struggle with trust issues. Building trust is even more difficult in a virtual…
It may be tempting to call off or postpone board meetings during a crisis and wait for things to settle down. While that may be the easiest thing to do, it’s not necessarily the best strategy. It’s essential during…
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