It is a time of turbulence for higher education and research around the world. The effects of the global financial crisis continue, with reductions in resources from all sides. In contrast, the demand for higher education increases, with international student mobility likely to double according to the OECD. For research intensive universities, there are great challenges in maintaining quality and competitiveness, the cost of which increases constantly. In teaching and learning, new methods and technologies are also more costly. There is also a shortage of talent and availability of senior, experienced academics and research leaders, while conversely there is unemployment among new graduates as the generational transition is postponed along with retirement.