Managing Hysteresis: Three Cornerstones to Fiscal Stability

Autor/in	Weeks, Richard
Titel	Managing Hysteresis: Three Cornerstones to Fiscal Stability
Quelle	In: School Business Affairs, 78 (2012) 9, S.20-21 (2 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0036-651X
Schlagwörter	Educational Finance; School Business Officials; Finance Reform; Outsourcing; Technology Integration; Change Strategies; Educational Change; Consolidated Schools; Cost Effectiveness + Suchen Sie Ihr Suchwort? Bildungsfonds; Financial reform; Finanzreform; Lösungsstrategie; Bildungsreform; Consolidated school; Mittelpunktschule; Zentralschule; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken
Abstract	The effects of the Great Recession of 2007-2009 continue to challenge school business officials (SBOs) and other education leaders as they strive to prepare students for the global workforce. Economists have borrowed a word from chemistry to describe this state of affairs: hysteresis--the lingering effects of the past on the present. Today's SBOs are experiencing hysteresis on the revenue and expense sides as they prepare their upcoming budgets. Revenues are expected to be elusive and dysfunctional based on how states collect and distribute funds. SBOs are in a better position to manage hysteresis with respect to expenses. The key is to focus on three cornerstones: consolidation, technology, and outsourcing. In the private sector, the executive counterparts have turned to these three areas to restore profitability to their companies. Perhaps SBOs can improve fiscal stability in their districts by using some of the same methods. (ERIC).
Anmerkungen	Association of School Business Officials International (ASBO). 11401 North Shore Drive, Reston, VA 20190. Tel: 866-682-2729; Fax: 703-478-0205; e-mail: asboreq@asbointl.org; Web site: http://www.asbointl.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10