Contemporary Management Challenges: Building a Bridge to the Future

Keywords: 21st century education; work/life balance; future student

Abstract: The higher education landscape of the 21st century is dramatically evolving. Universities are faced with an enrollment cliff forecasted to produce a 15% decline in enrollment beginning 2025. Business colleges/schools are challenged with doing more with less. Shortage of resources, shifting work preferences, and increasing workload has begun to impact the quality of work/life balance for many faculty and staff. The resulting outcome has led to decreased motivation, burnout, and in some cases increased turnover. At the same time emerging technologies and shifting preferences for the delivery of educational programming have presented challenges for meeting the demands of the future student.