Academic journal article The Journal of Research in Business Education

Editorial: Tough Economic Times

Academic journal article The Journal of Research in Business Education

Editorial: Tough Economic Times

Article excerpt

"Tough times force cuts in state education budgets." How many times have you read this newspaper headline? The field of business education is not sheltered from looming cuts presently taking place state-to -state across the nation. The impact of the economy has influenced decision makers to take a look at program offerings at each educational level. Because business education is a discipline comprised of elective courses, it faces the challenge of becoming a field that is more likely to be targeted for elimination than other fields that offer required courses for high school graduation.

Being in the midst of a major budget crisis affects one's ability to plan, recruit new students, and retain current students. Regardless of the educational level - elementary, middle, secondary, or postsecondary - dwindling resources can cripple plans to renew curriculum, grow programs, and update technology. Strategic planning serves as a conduit to enable educators to establish a vision and to meet goals and objectives. In times of economic need, these plans must be adaptive enough to react to changes in the economic environment. Curriculum updates and program growth come to a literal stand still when the future of a program is in question. Emerging technologies can be kept at bay when no professional development and/or travel funds are available. While the lack of resources directly affects planning, the impact on students is both short- and longterm.

Lean economic times have a personal affect on students as they may no longer be able to afford an education. The decline in student loans and grants adds to the atmosphere of personal instability resulting in students dropping out of school. With fewer students enrolling in classes, tuition income is reduced. Limited faculty resources eventually lead to larger class sizes. Students' goals become redirected as they make changes to their long-term plans and accept lesser expectations for their career and lifetime objectives. …

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