The document discusses critical issues facing higher education leaders in 2014. It identifies five key areas of focus: continued scrutiny of higher education; prioritization of outcomes; retention culture; blended learning opportunities; and regionalization of online education. It provides data and analysis on each issue, noting the importance of clearly communicating value to stakeholders given concerns over cost and debt. Career preparation is outpacing other factors in attracting students, so institutions must ensure their career training meets expectations.