True leadership includes attention to details and a solid understanding of financial planning. One thing that this class is continually driving home is that as an educational leader, you must understand more than your school community, but the community around you - and paying attention to financial trends. A crystal ball would be a very useful tool. :-)
As an adult educator director, I have worked on rapid response teams when factories have closed. In the community college world- typically, student enrollment increases as adults attend classes for re-training. Although the impact of lost tax revenue is felt, it is not as immediate as in the public school. Yet, until today, I never truly understood how immediate the impact on a schools financial status.
Education administrators need to plan for the immediate needs, and the future needs of their school. This is an extremely difficult process which requires strong financial planning and attention to details. What an eye opening experience.
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