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Economics/Finances When the Pot Boils: The Decline and Turnaround of Drexel University
Posted on 2010-03-16
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More When the Pot Boils: The Decline and Turnaround of Drexel University By David A. Paul Tells the story of the decline and near bankruptcy of a major American university, and how its dramatic turnaround was quickly achieved. When the Pot Boils examines the decline and near bankruptcy of Drexel University in the late 1980s and early 1990s and its subsequent dramatic turnaround. David A. Paul provides an in-depth analysis of the multiple factors that contributed to this process, including the role of the market, the academic culture, corporate governance, and key leaders of the institution. Drexel's story of decline through years of student protests, faculty conflicts, a destructive labor strike, and two failed presidencies is a parable of failed corporate governance and a warning of the challenges to colleges and universities in the increasingly competitive world of higher education. Paul argues that for schools facing financial difficulties, retrenchment strategies must be set aside in favor of the more difficult task of developing organizational missions and programs that matter in the marketplace. "David Paul combines a wealth of detail with compelling narrative force to hold the reader's attention while the important lessons of Drexel's decline and turnaround are set forth." -- William F. Massy, coauthor of Remaking the American University: Market-Smart and Mission-Centered
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