The document outlines four potential future scenarios for higher education and the need for new strategies to address ongoing trends and challenges. The scenarios are: 1) Open Networking, characterized by international collaboration and harmonization; 2) Serving Local Communities, with institutions focused on regional missions; 3) New Public Responsibility, combining institutional autonomy with accountability; and 4) Higher Education Inc., featuring global competition and commercialization. New strategies are needed to deal with continued expansion of higher education, changing skill demands, and ensuring the value of qualifications within a growing and globalized research environment.