![]() ![]() The study has implications for universities experiencing mission drift, declining enrollment, and loss of market position. ^ This is an historical study informed by literature on organizational decline and turnaround designed to inform trustees and other stakeholders of universities that are experiencing financial and enrollment decline and seeking to craft a way out. It considers how the history of the University, changes in the higher education market and a failure to understand the impact of those changes contributed to Drexel's financial decline, and the management strategies that contributed to the University's revival. led Drexel University into a period of sharp decline during the late 1980's and near-bankruptcy in the early 1990's, and the combination of strategies and management actions that led to its turnaround within a five-year period. The evolution of the Drexel Institute as a school for the urban working class into Drexel University as it exists today reflects the dramatic changes in the higher education marketplace that have occurred during the post-World War II period. ![]() Drexel University was founded in 1891 by financier Anthony Drexel as the Drexel Institute of Art, Science and Industry. ![]()
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