A research on the sustainability in the scope of higher education led by Dr. Daryl D. Green, Dr. George Taylor III, and Mrs Violet Ford has opened many windows of opportunities. The study is known as ‘Cultivating the Entrepreneurial Mindset In Today’s Small Liberal Colleges & Universities’ outlines the importance of restructuration in colleges and universities with an entrepreneurial mindset for long-term sustainability.
The coronavirus situation has led to disruptive changes in the academic workflow of students in universities and colleges. With an ongoing volatile market, higher education has been impacted immensely with a direct connotation about underachieving and unprepared pass outs from these educational institutes. This has also propagated stark declining numbers in college enrolments and projections and surveys across the United States point at as much as 450,000 drops in students in years beyond 2025. Previous research, undertaken by Harvard professor, DR. Clayton Christensen also states that in the scope of organizational sustainability in educational institutes, disruptive changes and innovation will lead to 50% of 4,000 colleges and universities in the country to go bankrupt in the next 10 to 15 years.

The outcome of these regressive changes has hit independent liberal art colleges the most. Traditional institutes are also at risk of getting negatively impacted by disruptive change. This brings about uncertainty and unpredictability in various verticals of the market, innovation, industry, and more. “Cultivating an entrepreneurial mindset will infuse innovative thinking to difficult problems and provide new revenue streams to universities that utilize student tuition as the principle income for these academic institutions,” Dr. Green notes. Fellow research scholar, Mrs. Ford adds, “At the heart of entrepreneurship is pursuing opportunities with a vision. Traditional organizations will keep creativity within the confines of the classroom; whereas, entrepreneurial driven educational organizations will cultivate and develop creativity throughout an educational system. Thus, the presence of institutional entrepreneurial practice is needed to both create business models and actively participate in implementing changes that can drive transformational change.”

The study leads to a fundamental understanding of the importance of entrepreneurial objectives among students. Dr. Taylor further suggests, “Early considerations of the entrepreneurial mindset within liberal art colleges show that liberal arts students were encouraged to develop characteristics fundamental to entrepreneurial thinking….Although the entrepreneurial mindset is receiving increased attention that encourages students to think in new, innovative ways while improving their life skills, there is little evidence to support its widespread consideration and implementation at a significant level within traditional liberal arts colleges.” Ford, Green, and Taylor hope that the current paradigm among academic institutions will change. The collective effort by the scholars will further inculcate ideas of founding a more sustainable education system that is flexible and progressive.
To view this research, please visit https://tinyurl.com/y3wydycz
For more information about the researchers, you may contact Dr. Green at daryl.green@okbu.edu or 405-585-4414
Tag: education
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New Collaborative Research Leads to Solutions for Liberal Arts Colleges During Covid-19
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An Educated Society

On Thanksgiving morning, I ran to Kroger to pick up some grocery items. I went to the cashier and talked to him during my purchased. I wished him a happy holiday season and stated at least he was making double overtime and leaving early. The cashier pointed out that he was not making anything extra. It was just a normal day for the store. I thought this was sad for him.
Many employees live paycheck to paycheck. Some employees in low paying jobs like retail are college and high school students attempting to put some money into their pocket as they move on to something else. However, there are many people for the next several years these jobs are their endpoint due to the lack of advanced education.
The economic crisis has wreaked havoc on America’s prosperity and its future. According to a 2010 Pew Research survey, one in four adults between the ages of 18 and 24 moved back in with their parents during the recession. Furthermore, the cost of a college degree keeps rising like gasoline for my car.
From 1999-2000 academic year through 2009-2010, the price increase of a four year degree from a public institution was 42% with the average annual cost for four-year undergraduate tuition, room and board being $15,014 (private: $32,790).
For many students, an education is an investment. According to U.S. Census Bureau, there were over 19 million students enrolled in college in 2010 which represented an 11.5% increase from 2007. In fact, graduate school enrollment jumped over 19% during this time. Horace Mann, an American education reformer, noted “A human being is not attaining his full heights until he is educated.” Another education reformer John Dewey added, “Education is not preparation for life; education is life itself.”[youtube=http://www.youtube.com/watch?v=DqJEW1NyNTU]
However, an education is not a silver bullet or the solution for an individual’s well-being. In an economic crisis, even highly educated or seasoned professionals can be a casualty. Yet, an education provides unique opportunities.
Doors can open with the right preparation. With a bachelor’s degree, the median income for individuals in 2010 was $47,422 which was 80% higher than those individuals with only a high school diploma.
For individuals with a graduate or professional degree, this figure jumped to a median income of $62,618. Therefore, it becomes more important for students to be strategic in their education.
There should be a component of selecting the appropriate college degree or technical training, obtaining practical experience in the specific industry, and developing a robust professional network to seize on career opportunities.
Discuss your personal experiences on this topic.
© 2011 by Daryl D. Green

