Issue link: https://www.e-digitaleditions.com/i/438743
32 BizEd JANUARY | FEBRUARY 2015 the changing nature of business education is self-evident, as market forces have been pushing business schools persistently into online delivery formats, different disciplinary specialities, or new geographical regions. But perhaps no development has affected business school programs more comprehensively than changes in traditional funding models. Business schools the world over face a reality check: The days when revenues flowed into their programs largely unimpeded are at an end. For business school leaders, finding new sources of revenue can seem like running an obstacle course. But administrators who learn to navigate the obstacles successfully not only secure their schools' economic futures, but also strengthen their operations, programs, and relationships. The schools profiled here all had to adopt dramatically different financial strategies, whether due to an unsustainable model or even governmental collapse. Their leaders offer sound advice for others who face similar changes to their institutions' financial circumstances —and who want to achieve similar success. BY TRICIA BISOUX ILLUSTRATION BY FRANCESCO BONGIORNI How four business schools devised creative solutions to their most pressing financial dilemmas. FUND- FINDING MISSIONS change management