Peter Quigg took this session with great charisma and applied a very tactful approach to answering questions regarding the operations of our institution.
I think his aim was that we get a picture of the financials implications a programme has and what is required to successfully run it. A lot of this depends around the following circumstances:
- the income it will generate
- the sources of income
- the costs to run it over a period of time
- the costs of refurbishments to the facilities
- whether there is an opportunity for growth
The challenge now is to understand how the Head of Schools will respond to these changes that will require them to project accurate economic growth as well as promote cost effectiveness. I can see that it will become a great challenge to a lot of programmes leaders who are not competent as managers but are good teachers as well as the staff working alongside them. There will be a lot of panic among he staff and it will be a sad day when teaching knowledge and skills will be lost.
Every little department will operate as a small business that will be responsible for establishing growth in their programmes as well as be cost effective increasing profitability.There will have to be a revolving chain of initiative that will need to be implemented for sustainability and growth.
This may be achievable if every effort is made to retrain the staff and better equip them with the knowledge and expertise required.. Teachers will not only be required to teach but effectively manage their programmes.
It now becomes interesting as the conditions of employment in our contracts will need change from the managements perspective. Success and retention is now playing a key role and the new kid on the block is transitioning into employment for our students.
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