Faculty of the Future: Facing the Forces for Change

43 Pages Posted: 28 Sep 2016 Last revised: 10 Nov 2016

See all articles by Karen S. Pincus

Karen S. Pincus

University of Arkansas - Department of Accounting

Raef A. Lawson

Institute of Management Accountants

James Sorensen

University of Denver - School of Accountancy

Kevin Stocks

Brigham Young University

David E. Stout

Youngstown State University - Department of Accounting and Finance

Date Written: November 2016

Abstract

Financial and technology forces have combined to dramatically change the milieu of higher education. In terms of financial forces, we examine changing student demographics, the level of student debt, shrinking levels of governmental support, and philanthropic limitations. We conclude that the financial model that has served post-secondary education well for many years is now significantly strained. In terms of technology forces, we examine increasing automation of jobs involving predictable processes or finding rules-based answers; the increasing prevelance of outsourcing; and a growing skills/competency gap, both in the general job market and in the accounting profession. Technology advances have transformed academic research and publishing, and have been incorporated into familiar ways of teaching. However, as yet, they have not significantly changed either what we teach (curriculum) or how we teach (pedagogy); changes in these areas may accompany future financial models. We provide examples of institutional responses to date and discuss the importance of strategic planning. We also discuss the arguments for and against individual business and accounting faculty getting involved in efforts to face the forces for change. Concluding thoughts consider the window of time to institute major change and potential future research.

Keywords: Higher Education, Post-Secondary Education, Accounting Education, Business Education, Financial Forces, Technology Forces, Faculty Development, Institutional Initiatives, Strategic Planning

JEL Classification: M41

Suggested Citation

Pincus, Karen S. and Lawson, Raef A. and Sorensen, James and Stocks, Kevin and Stout, David E., Faculty of the Future: Facing the Forces for Change (November 2016). Available at SSRN: https://ssrn.com/abstract=2844373 or http://dx.doi.org/10.2139/ssrn.2844373

Karen S. Pincus (Contact Author)

University of Arkansas - Department of Accounting ( email )

Business Bldg. 454
Fayetteville, AR 72701
United States
479-575-6119 (Phone)
479-575-2863 (Fax)

Raef A. Lawson

Institute of Management Accountants ( email )

10 Paragon Drive
Montvale, NJ 07645-1760
United States
2014741532 (Phone)
2014741603 (Fax)

James Sorensen

University of Denver - School of Accountancy ( email )

2101 South University
Boulevard, Suite 355
Denver, CO 80208-8921
United States

Kevin Stocks

Brigham Young University ( email )

Provo, UT 84602
United States

David E. Stout

Youngstown State University - Department of Accounting and Finance ( email )

Youngstown, OH 44555
United States
330-941-3509 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
65
Abstract Views
379
rank
342,315
PlumX Metrics