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Published
in the Chronicle of Higher Education, March 20, 2009
Facione, PA - January 24, 2009 - AAC&U Seattle, WA

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Budgeting at too many
colleges and universities amounts to muddling from one year
to the next. This is a poor enough way to function in good
times; it can be fatal to an institution in bad economic
times. This
essay describes the five essentials of successful budget
building collaborations in higher education:
- Involve
people whose authority derives from responsible expertise.
- Understand
human decision-making risks, and guard against them.
- Address
questions of long-term importance to future of the institution.
- Root
out budget implementation practices that have negative results.
- Structure
positive budget incentives for all levels of the organization.
[An abbreviated
form of this essay emphasizing the principle of responsible
expertise appeared in Academe,
the magazine of the American Association of University Professors.
November-December 2002, 45-48
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